UMH PROPERTIES, INC.

UMH Properties, Inc. (NYSE: UMH) operates as a self-administered and self-managed real estate investment trust focused on the ownership and operation of manufactured home communities. The company's website is located at www.umh.reit.

The company's primary business involves leasing manufactured homesites to residents across a portfolio of 145 manufactured home communities containing approximately 27,100 developed homesites. As of December 31, 2025, the company operated 142 majority-owned communities included in consolidated operations, with three additional communities owned through joint ventures with Nuveen Real Estate in which the company maintains a 40% interest. Of the majority-owned communities, 140 are owned entirely by the company with two owned by the company's Opportunity Zone Fund, in which the company holds a 77% interest. These communities are strategically located across twelve states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia.

The company also engages in the rental and sale of manufactured homes through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc., which sells and finances manufactured homes to residents and prospective residents of company communities as well as for placement on customers' privately-owned land. As of December 31, 2025, the company owned approximately 10,900 rental homes representing approximately 41% of its developed homesites. Additionally, the company operates over 1,000 self-storage units available for resident leasing.

The company's business model emphasizes affordable housing provision through manufactured home communities, which offer economically attractive alternatives to conventional site-built housing. Modern manufactured homes typically cost up to 50 percent less per square foot than comparable site-built homes. The company's portfolio generates predictable income streams through annual or month-to-month renewable leases, with certain states offering 25-year leases limiting rent increases to 5% or CPI, whichever is greater.

As of February 20, 2026, the company employed approximately 540 employees, including officers. The company has pursued significant growth since 2010, quadrupling its developed homesites by acquiring 112 communities containing approximately 19,400 homesites. The company maintains approximately 2,300 acres of additional land potentially available for future development and expansion opportunities.