Activist Pressure on Governance and Strategy Could Be A Game Changer For UMH Properties (UMH)
Erez REIT Opportunities LP disclosed it views UMH Properties as undervalued and is pressing the board for governance changes, capital allocation, and a potential strategic review or sale. UMH projects $330.1M revenue and $19.7M earnings by 2029, with a 17% upside to its current price. Analysts' lowest estimates predict $333.8M revenue and $7.3M earnings by 2029, citing concerns about rising leverage and preferred dividends. The company recently expanded its credit facility to $600M, which could
