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 ...

Company Operations and Properties - As of December 31, 2023, the company owned and operated 135 manufactured home communities with approximately 25,800 developed homesites[16] - In 2023, the company purchased one community in Georgia containing 118 developed homesites through its opportunity zone fund[17] - The company currently holds a 77% interest in an opportunity zone fund that owns two communities in South Carolina and Georgia[15] - Approximately 39% of developed homesites are represented by 10,000 rental homes owned by the company as of December 31, 2023[23] - The company has quadrupled the number of developed homesites since 2010, acquiring 107 communities with approximately 18,800 homesites[25] - The company operates 135 manufactured home communities as of December 31, 2023, with 46 having their own wastewater treatment facility or water distribution system[76] - The company has a joint venture with Nuveen Real Estate, which has acquired two communities in Sebring, Florida, for a total of $37.3 million[177] - The company is seeking site plan approvals for approximately 360 sites for a property currently under redevelopment[171] - The company’s larger properties include Friendly Village (Ohio) with 824 developed sites and Woods Edge (Indiana) with 599 developed sites[174] - The company’s joint venture with Nuveen is focused on acquiring newly developed manufactured housing communities that meet specific investment guidelines[176] Financial Performance and Investments - The Company increased Rental and Related Income by 11% and Community Net Operating Income (NOI) by 14% in 2023[196] - Same Property NOI increased by 13%, and Same Property Occupancy rose by 230 basis points from 86.2% to 88.5%[197] - The rental home portfolio expanded by 871 homes, totaling approximately 10,000 rental homes, representing a 10% increase from year-end 2022[197] - The Company raised its quarterly common stock dividend by 2.5% to $0.205 per share, totaling $0.82 annually[197] - Total Market Capitalization increased by 6% to over $2 billion at year-end 2023[197] - Net Debt to Total Market Capitalization decreased from 38.2% in 2022 to 31.3% in 2023[197] - The Company financed eight existing communities for total proceeds of approximately $57.7 million[197] - The Company holds a portfolio of marketable equity securities of other REITs valued at $34.5 million, representing 1.9% of undepreciated assets[203] - The weighted average yield on the securities portfolio was approximately 6.7% at December 31, 2023, with unrealized losses of $39.7 million[204] - The Company issued and sold a total of 9.4 million shares of Common Stock, generating gross proceeds of $148.6 million and net proceeds of $145.8 million during 2023[205] - Approximately 2.6 million shares of Series D Preferred Stock were issued, generating gross proceeds of $56.7 million and net proceeds of $55.7 million in 2023[206] - The Company had approximately $57.3 million in cash and cash equivalents and $110 million available on its credit facility as of December 31, 2023[208] - The Company raised approximately $9.0 million in new capital through the Dividend Reinvestment and Stock Purchase Plan during 2023[205] Market and Economic Conditions - The company faces risks associated with potential natural disasters and climate change, which may adversely affect its business operations[48] - The concentration of investments in the manufactured housing sector exposes the company to economic downturns in that sector, impacting cash flow and profitability[48] - Changes in interest rates may affect the company's cost of capital, impacting financial results and operational flexibility[48] - Global economic conditions, including inflation and high unemployment, could materially adversely affect the company's business and financial condition[108] - Future terrorist attacks and military conflicts could adversely affect economic conditions and increase borrowing costs, impacting earnings[134] - Disruptions in financial markets may hinder the company's ability to obtain financing on reasonable terms, affecting property acquisitions and investment strategies[135] Risks and Challenges - The company is subject to risks related to its debt, including potential foreclosure risks due to property mortgages and reliance on external capital sources[48] - The company may face increased competition for acquisitions, leading to higher purchase prices for manufactured home communities[60] - The company may not be able to maintain or increase rental rates and occupancy levels, which could adversely affect revenue generation[55] - The company is subject to various federal, state, and local taxes, which could impact financial performance despite its REIT status[48] - The company may face risks related to public health crises, such as the COVID-19 pandemic, which could adversely affect operations and financial results[60] - The company is subject to significant regulations that may increase costs and inhibit expansion, including compliance with the SAFE Act and other financing laws[69][71] - The company may incur additional debt to maintain its status as a REIT, leading to increased leverage and risk of default on obligations[89] - The company faces risks related to financing home sales, including potential regulatory changes that could impact operating results[94] - The company is subject to various covenants in credit agreements that may limit operational flexibility and could result in defaults if breached[91] - The company may incur losses that exceed insurance coverage, which could adversely affect cash flow and financial condition[81] Occupancy and Rental Rates - The occupancy percentage for developed sites was 97% at 12/31/23, compared to 96% at 12/31/22 for the Allentown community[151] - The average monthly rent per site at Allentown was $568, while Arbor Estates had an average rent of $852 per site[151] - Auburn Estates showed an occupancy increase to 93% at 12/31/23 from 90% at 12/31/22, with an average rent of $443 per site[152] - The company reported a significant occupancy rate of 100% for the Clinton Mobile Home Resort as of 12/31/23[154] - The average monthly rent per site for the Countryside Estates community was reported as $476/$503, indicating a pricing strategy adjustment[154] - The occupancy percentage for the Broadmore Estates community was 92% at 12/31/23, slightly down from 93% at 12/31/22[152] - The average rent per site at Cedarcrest Village was $741, reflecting the company's pricing strategy in high-demand areas[152] - The occupancy percentage for Dallas Mobile Home Community increased to 94% in Q4 2023 from 89% in Q4 2022[156] - D & R Village maintained a stable occupancy rate of 94% for both Q4 2023 and Q4 2022, with a rent per site of $696[156] - Fairview Manor reported a rent per site of $808, with an occupancy rate of 95% for both Q4 2023 and Q4 2022[156] - Friendly Village's occupancy percentage improved to 58% in Q4 2023 from 50% in Q4 2022, with a rent per site of $472[158] - Highland Estates achieved a high occupancy rate of 97% in Q4 2023, slightly down from 98% in Q4 2022, with a rent per site of $716[158] - Kinnebrook reported a 100% occupancy rate in Q4 2023, with a rent per site of $708[160] - Holiday Village's occupancy percentage increased to 93% in Q4 2023 from 90% in Q4 2022, with a rent per site of $579[160] - The average rent per site across various communities shows a range from $191 at Deer Run to $808 at Fairview Manor, indicating diverse pricing strategies[156][160] - The total occupancy percentage across all developed sites increased to 86.7% in 2023 from 84.6% in 2022[170] - The company is focusing on maintaining high occupancy rates while adjusting rent prices to optimize revenue across its communities[156][158][160]

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]

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 September 30, 2023 ☐ 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 oth ...

UMH Properties, Inc. (NYSE:UMH) Q2 2023 Earnings Conference Call August 9, 2023 10:00 AM ET Company Participants Craig Koster - EVP, General Counsel & Secretary Samuel Landy - President, CEO & Director Anna Chew - EVP, CFO, Treasurer & Director Eugene Landy - Founder & Chairman Brett Taft - EVP & COO Conference Call Participants Robert Stevenson - Janney Montgomery Scott Keegan Carl - Wolfe Research Craig Kucera - B. Riley Securities Operator Good morning, and welcome to UMH Properties Second Quarter 2023 E ...

RIVER VALLEY ESTATES Marion, OH UMH PROPERTIES, INC. Investor Presentation August 2023 Forward Looking Statements Statements contained in this presentation that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Also, when we use any of the words "anticipate," "assume," "believe," "estimate," "expect," "intend," or similar expressions, we are making forward-loo ...