UMH News & Events

UMH Properties shareholder Erez Asset Management, which owns approximately 4% of the outstanding shares of UMH Properties, issued a letter to fellow shareholders announcing its intention to withhold support from Presiding Independent Director Matthew Hirsch at UMH's 2026 Annual Meeting of Shareholders scheduled to be held on May 27. In the letter, Erez notes that Institutional Shareholder Services, or ISS, has recommended that shareholders withhold votes from Hirsch in 2026, as it did each of the last three times he stood for election. "UMH owns valuable assets in one of the most attractive real estate sectors, but shareholders have endured persistent underperformance because an entrenched and conflicted Board of Directors has refused to hold management accountable," said Bruce Schanzer, Chairman and Chief Investment Officer of Erez. "By withholding support from Matthew Hirsch, shareholders can send a clear message to the UMH Board that the status quo is no longer acceptable."

UMH Properties files automatic mixed securities shelf

During the quarter, 170 new homes were added and rented. For the year, 717 new homes were added and rented. This includes rental home additions to our joint venture communities. UMH now owns approximately 11,000 rental homes with an occupancy rate of 93.8%. Same Property occupancy increased by 33 units during the fourth quarter and increased by 354 units over last year to 88.3%. The company said, "We achieved gross home sales revenue of $9.2 million for the quarter, including homes sales at Honey Ridge which is our newly opened community through our joint venture with Nuveen Real Estate, compared to $8.6 million in the same period last year, representing an increase of 7%. For the year, we achieved gross sales revenue of approximately $36.3 million, including Honey Ridge, as compared to $33.5 million in the previous year, representing an increase of 8%." Samuel Landy, President and CEO of UMH Properties, stated "UMH had an exceptional year in 2025. This year was highlighted by an increase in same property occupancy of 354 units, driven by the addition of 717 revenue generating rental homes, an increase in sales of 8%, the acquisition of five communities in our target markets and the successful refinancing of 17 communities which demonstrates the long-term value creation of our business plan. Our high-quality communities continue to experience strong demand for sales and rental homes, which is driving increased occupancy and sales results. We currently have 140 homes on site and ready for occupancy with another 330 homes being set up. This inventory will allow us to drive additional occupancy and revenue growth in the first quarter of 2026 and beyond. We successfully refinanced 17 communities for total proceeds of $193.2 million. This capital was used to repay existing debt, invest in our rental home program, capital improvements, acquire new communities and buy back our common stock. It's important to note that the appraisals conducted for the refinancing demonstrate the value created by our business plan. Our total investment in these communities was approximately $140 million, or $37,000 per site, and they were valued at approximately $309 million, or $82,000 per site, generating an increase in value of $169 million, representing an increase of 121% in value. "We are confident that the investments we have made in our portfolio will lead to continued earnings per share growth in the quarters to come. We are proud of our results and commend our team for their hard work in 2025."