$UMH

UMH PROPERTIES, INC.

0
0
1

No SEC Form 4 filings for $UMH in the last 30 days.

Med

Erez urges shareholders to withhold for UMH Properties (NYSE: UMH) director ahead of May 27 meeting

Erez Asset Management, holding approximately 4% of UMH Properties (NYSE: UMH) shares, is publicly urging shareholders to withhold their support for Presiding Independent Director Matthew I. Hirsch at the upcoming May 27, 2026 annual meeting. Erez cites persistent underperformance, a significant valuation discount, and inadequate board governance, noting that Institutional Shareholder Services (ISS) has repeatedly recommended withholding support for Hirsch. This campaign aims to pressure the board for greater accountability and refreshment, highlighting UMH's plurality voting standard and staggered board structure as barriers to immediate change.

UMH Properties amends credit facility, extends maturity to 2030

UMH Properties, Inc. announced it has amended and restated its unsecured revolving credit facility, extending the maturity date to May 7, 2030, with a potential one-year extension. The facility provides $260 million with a $340 million accordion feature, and the interest rates have been reduced by 35 to 40 basis points. The company, a real estate investment trust, also maintained a strong financial position, including raising its dividend for five consecutive years.

UMH Properties (NYSE: UMH) posts higher Q1 2026 income and stable FFO

UMH Properties (NYSE: UMH) reported an 8% increase in total income for Q1 2026, reaching $65.8 million, with net income attributable to common shareholders improving to $2.6 million. Funds from Operations (FFO) remained stable at $0.21 per diluted share, and normalized FFO edged up to $0.23 per diluted share. The company tightened its full-year 2026 normalized FFO guidance to $0.98–$1.04 per diluted share, reflecting strong demand for its manufactured home communities despite increased interest expenses and winter-related costs.