Contact: Nelli Madden 732-577-4062 UMH's senior management team is scheduled to present on Tuesday, June 4, 2024, at 10:15 a.m. Eastern Time. FREEHOLD, NJ, May 28, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), today announced that the Company will participate in Nareit's REITweek: 2024 Investor Conference, to be held in New York City, at the New York Hilton Midtown. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 136 manufactured home ...

Financial Data and Key Metrics Changes - Normalized FFO for Q1 2024 was $15 million or $0.22 per share, compared to $11.7 million or $0.20 per share for Q1 2023, representing a 10% increase per share [44] - Rental and related income for the quarter was $50.3 million, an increase of 11% from $45.3 million a year ago, primarily due to increased occupancy and rental rates [44][49] - Community NOI increased by 16% for the quarter from $26 million in 2023 to $30 million in 2024 [15] Business Line Data and Key Metrics Changes - The rental home portfolio now owns over 10,000 units, with a 95.1% occupancy rate, up from 93.7% year-over-year [50] - Same property income increased by 10%, while expenses grew only 3%, resulting in a 16% same property NOI growth [51] - The community expense ratio improved from 44.3% last year to 41.9% this year [39] Market Data and Key Metrics Changes - Overall occupancy increased by 220 basis points from 84.9% last year to 87.1% this year, with an increase of 598 units [49] - The company has 3,300 vacant sites to fill and 2,100 acres of land available for development, indicating strong growth potential in the affordable housing market [60][62] Company Strategy and Development Direction - The company aims to combat the affordable housing crisis by expediting the approval of new land lease communities and developing 800 new rental homes this year [17][60] - The focus remains on internal and external growth opportunities, with a strong balance sheet to support acquisitions and expansions [43][53] - The company is optimistic about the demand for affordable housing, with waiting lists for homes in many communities [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining occupancy rates between 94% to 95% and achieving 5% rent increases [4][39] - The company anticipates continued double-digit increases in operating income until vacant lots are filled, projecting a 5% rent increase annually [118] - Management highlighted the ongoing housing shortage and the need for increased production of affordable housing units [139] Other Important Information - Community operating expenses increased by 5% during the quarter, mainly due to payroll costs and real estate taxes [15] - The company has a total market capitalization of approximately $2.1 billion, reflecting a 12% increase from the previous year [77] - The weighted average interest rate on total debt decreased to 4.56% from 4.9% year-over-year [56] Q&A Session Summary Question: Can you talk about the acquisition pipeline today? - Management indicated that they are in due diligence for two properties in Maryland, with some issues being resolved that have delayed closing [86] Question: What are you seeing in terms of rental velocity and seasonality? - Management noted that while there may be seasonality, they are currently filling homes as quickly as they are available, with strong demand [87] Question: How do you feel about the average length of stay for tenants? - Management prefers longer tenancies as they reduce costs and provide stability, despite potential for higher rent increases with turnover [92] Question: What is the target for new home sales this year? - The target for new home sales is approximately $200 million, slightly above last year's figures [116] Question: How sustainable is the 16% same-store NOI growth? - Management believes that double-digit same-store NOI growth is sustainable due to ongoing occupancy increases and planned expansions [118]

Table of Contents | | Page | | --- | --- | | Financial Highlights | 3 | | Consolidated Balance Sheets | 4 | | Consolidated Statements of Income (Loss) | 5 | | Consolidated Statements of Cash Flows | 6 | | Reconciliation of Net Loss to Adjusted EBITDA excluding Non-Recurring Other Expense and Net Loss Attributable to Common Shareholders to FFO and | | | Normalized FFO | 7 | | Market Capitalization, Debt and Coverage Ratios | 8 | | Debt Analysis | 9 | | Debt Maturity | 10 | | Securities Portfolio Performance ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number 001-12690 UMH PROPERTIES, INC. (Exact name of registrant as specified in its charter) Maryland 22-1890929 (State or other j ...

UMH Properties, Inc. (NYSE:UMH) Q4 2023 Earnings Conference Call February 29, 2024 10:00 AM ET Company Participants Craig Koster - Executive Vice President & General Counsel Samuel Landy - President & Chief Executive Officer Anna Chew - Executive Vice President & Chief Financial Officer Eugene Landy - Founder & Chairman Brett Taft - Executive Vice President & Chief Operating Officer Conference Call Participants Rob Stevenson - Janney Jeff Walkenhorst - Copeland Capital Management John Massocca - B. Riley Op ...

RIVER VALLEY ESTATES Marion, OH Forward Looking Statements 2 Expanding rental portfolio of approximately 10,000 units, an increase of 900 in the last 12 months; anticipation of additional homes as demand dictates 3 Financial information as of December 31, 2023. 2023 Accomplishments • Increased Normalized Funds from Operations ("Normalized FFO) by 16%; • Improved our Same Property expense ratio from 42.2% at yearend 2022 to 40.3% at yearend 2023; • Raised our quarterly common stock dividend by 2.5% to $0.205 ...

Exhibit 99 December 31, 2023 Supplemental Information n UMH Properties, Inc. Juniper Business Plaza 3499 Route 9 North Freehold, NJ 07728 Email: Phone: Website: www.umh.reit ir@umh.com (732) 577-9997 Table of Contents | | Page | | --- | --- | | Financial Highlights | 3 | | Consolidated Balance Sheets | 4 | | Consolidated Statements of Income (Loss) | 5 | | Consolidated Statements of Cash Flows | 6 | | Reconciliation of Net Income (Loss) to Adjusted EBITDA excluding Non-Recurring Other Expense and Net Income ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ____________________ to _____________________ Commission File Number 001-12690 UMH Properties, Inc. (Exact name of registrant as specified in its charter) | Maryland 22-1890929 | | ...

UMH Properties, Inc. (NYSE:UMH) Q3 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Craig Koster - Executive Vice President & General Counsel Samuel Landy - President & Chief Executive Officer Anna Chew - Executive Vice President & Chief Financial Officer Eugene Landy - Founder & Chairman Brett Taft - Executive Vice President & Chief Operating Officer Conference Call Participants Rob Stevenson - Janney John Massocca - B. Riley Operator Good morning, and welcome to UMH Properti ...

Company Overview and Portfolio - UMH Properties, Inc is a REIT operating since 1968, with a portfolio of 135 manufactured home communities containing approximately 25,800 developed homesites across 11 states [3, 7] - The company has a growing rental portfolio of approximately 9,900 units, with an increase of 900 units in the last 12 months [3, 5] - UMH has significant growth potential with 3,500 existing vacant lots and nearly 2,100 vacant acres for approximately 8,500 future lots [3] - The company's gross asset value is $1.8 billion and the gross real estate book value is $1.5 billion [7] Financial Performance and Growth - In Q3 2023, UMH experienced a 12.2% increase in Rental and Related Income, a 15.8% increase in Community Net Operating Income (NOI), and a 12.9% increase in Same Property NOI [5] - Same Property Occupancy increased by 210 basis points, from 86.3% to 88.4% [5] - The company's loan portfolio is approximately $75.6 million, generating approximately $9.9 million in annual principal and interest payments [35] - Total revenue increased by 65%, Community NOI by 76%, and Normalized FFO by 116% over the past 5 years [43] Strategic Initiatives and Market Trends - UMH benefits from exposure to the Marcellus and Utica Shale Regions, with increased demand for residential units [8, 9] - The company is well-positioned to participate in the ongoing recovery of the US housing market, benefiting from the gap between buying and renting [11, 16] - UMH's Sales & Finance subsidiary (S&F) reported sales reaching $23.4 million in 2023 [35] - The company has a strong history of dividend payments, with an annual dividend estimate for 2023 reflecting $0.205 per share annualized [47, 48]