UMH

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

UMH

PROPERTIES, INC.

Juniper Business Plaza

3499 Route 9 North, Suite 3-C

Freehold,

NJ 07728

(732) 577-9997

Fax: (732) 577-9980

FOR

IMMEDIATE RELEASE

August 5, 2026

Contact: Nelli Madden

732-577-9997

UMH

PROPERTIES, INC. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2026

FREEHOLD,

NJ, August 5, 2026........ UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended June 30, 2026 of $71.6 million as compared to $66.6 million for the quarter ended June 30, 2025, representing an increase of 7%. Net Income Attributable to Common Shareholders amounted to $4.4 million or $0.05 per diluted share for the quarter ended June 30, 2026 as compared to Net Income Attributable to Common Shareholders of $2.5 million or $0.03 per diluted share for the quarter ended June 30, 2025, representing a 75% increase and by a 67% increase on a per diluted share basis. Normalized Funds from Operations Attributable to Common Shareholders (“Normalized FFO”), was $21.5 million or $0.25 per diluted share for the quarter ended June 30, 2026, as compared to $19.5 million or $0.23 per diluted share for the quarter ended June 30, 2025, representing an 11% increase and by a 9% increase on a per diluted share basis.

A summary of significant financial information for the three and six months ended June 30, 2026 and 2025 is as follows (in thousands except per share amounts):

For the Three Months Ended

June 30,

2026 2025

Total Income $71,640 $66,643

Total Expenses $58,189 $54,013

Net Income Attributable to Common Shareholders $4,419 $2,532

Net Income Attributable to Common Shareholders per Diluted Common Share $0.05 $0.03

FFO (1)

$19,659 $18,703

FFO (1) per Diluted Common Share $0.23 $0.22

Normalized FFO (1) $21,517 $19,452

Normalized FFO (1) per Diluted Common Share $0.25 $0.23

Basic Weighted Average Shares Outstanding 85,201 83,974

Diluted Weighted Average Shares Outstanding 85,581 84,779

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Six Months Ended

June 30,

2026 2025

Total Income $137,478 $127,868

Total Expenses $112,512 $105,664

Net Income Attributable to Common Shareholders $6,999 $2,261

Net Income Attributable to Common Shareholders per Diluted Common Share $0.08 $0.03

FFO (1)

$37,799 $36,875

FFO (1) per Diluted Common Share $0.44 $0.44

Normalized FFO (1) $40,873 $38,272

Normalized FFO (1) per Diluted Common Share $0.48 $0.46

Basic Weighted Average Shares Outstanding 85,094 83,233

Diluted Weighted Average Shares Outstanding 85,478 84,051

A summary of significant balance sheet information as of June 30, 2026 and December 31, 2025 is as follows (in thousands):

June 30, 2026

December 31, 2025

Gross Real Estate Investments $1,921,158 $1,869,390

Marketable Securities at Fair Value $29,665 $23,758

Total Assets $1,712,923 $1,699,036

Mortgages Payable, net $545,374 $556,129

Loans Payable, net $65,777 $27,696

Series A Bond Payable, net $102,175 $101,751

Series B Bond Payable, net $76,160 $75,651

Total Shareholders’ Equity $891,888 $907,196

Samuel A. Landy, President and CEO, commented on the results of the second quarter of 2026.

“We are pleased to announce another solid quarter of operating results. During the quarter, we:

●Increased Net Income Attributable to Common Shareholders by 75% and by 67% on a per diluted share basis;

●Increased Rental and Related Income by 9%;

●Increased Sales of Manufactured Homes by 10%, including sales at Honey Ridge;

●Increased Community Net Operating Income (“NOI”) by 8%;

●Increased Normalized Funds from Operations (“Normalized FFO”) by 11% and by 9% on a per diluted share basis;

●Increased Same Property Community NOI by 9%;

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●Increased Same Property Occupancy by 110 basis points from 88.3% to 89.4%;

●Improved our Same Property expense ratio by 40 basis points from 38.5% in the second quarter of 2025 to 38.1% at quarter end;

●Expanded and extended our existing unsecured revolving credit facility, increasing the available borrowings and reducing interest costs; and

●Issued and sold approximately 353,000 shares of Series D Preferred Stock through our At-the-Market Sale Program at a weighted average price of $21.61 per share, generating gross proceeds of $7.6 million and net proceeds of $7.2 million, after offering expenses.”

Samuel A. Landy, President and CEO, commented, “UMH Properties continues to deliver strong operational and financial performance. Normalized FFO per share for the second quarter of 2026 was $0.25 as compared to $0.23 per share last year, representing an increase of approximately 9%. This earnings growth was the result of our years of hard work investing in and growing the company. This quarter was highlighted by continued occupancy and associated revenue growth and a new quarterly sales record.”

“Our communities continue to experience strong demand which is being translated into increased sales profitability, growing occupancy and improving community operating results. During the

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

UMH PROPERTIES, INC.

Juniper Business Plaza

3499 Route 9 North, Suite 3-C

Freehold, NJ 07728

(732) 577-9997

Fax: (732) 577-9980

FOR

IMMEDIATE RELEASE

April 30, 2026

Contact: Nelli Madden

732-577-9997

UMH

PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2026

FREEHOLD,

NJ, April 30, 2026........ UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2026 of $65.8 million as compared to $61.2 million for the quarter ended March 31, 2025, representing an increase of 8%. Net Income Attributable to Common Shareholders amounted to $2.6 million or $0.03 per diluted share for the quarter ended March 31, 2026 as compared to a Net Loss of $271,000 or $0.00 per diluted share for the quarter ended March 31, 2025.

Funds from Operations Attributable to Common Shareholders (“FFO”), was $18.1 million or $0.21 per diluted share for the quarter ended March 31, 2026 as compared to $18.2 million or $0.22 per diluted share for the quarter ended March 31, 2025. Normalized Funds from Operations Attributable to Common Shareholders (“Normalized FFO”), was $19.4 million or $0.23 per diluted share for the quarter ended March 31, 2026, as compared to $18.8 million or $0.23 per diluted share for the quarter ended March 31, 2025.

A summary of significant financial information for the three months ended March 31, 2026 and 2025 is as follows (in thousands except per share amounts):

For the Three Months Ended

March 31,

2026 2025

Total Income $65,838 $61,225

Total Expenses $54,323 $51,651

Net Income (Loss) Attributable to Common Shareholders $2,580 $(271)

Net Income (Loss) Attributable to Common Shareholders per Diluted Common Share $0.03 $(0.00)

FFO (1)

$18,140 $18,172

FFO (1) per Diluted Common Share $0.21 $0.22

Normalized FFO (1) $19,356 $18,820

Normalized FFO (1) per Diluted Common Share $0.23 $0.23

Basic Weighted Average Shares Outstanding 84,998 82,391

Diluted Weighted Average Shares Outstanding 85,371 83,335

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A summary of significant balance sheet information as of March 31, 2026 and December 31, 2025 is as follows (in thousands):

March 31, 2026

December 31, 2025

Gross Real Estate Investments $1,890,820 $1,869,390

Marketable Securities at Fair Value $26,430 $23,758

Total Assets $1,687,617 $1,699,036

Mortgages Payable, net $554,041 $556,129

Loans Payable, net $27,961 $27,696

Series A Bond Payable, net $101,963 $101,751

Series B Bond Payable, net $75,905 $75,651

Total Shareholders’ Equity $896,034 $907,196

Samuel A. Landy, President and CEO, commented on the results of the first quarter of 2026.

“We are pleased to announce another solid quarter of operating results and an excellent start to 2026. During the quarter, we:

●Increased Rental and Related Income by 9%;

●Increased Community Net Operating Income (“NOI”) by 8%;

●Increased Same Property Community NOI by 7%;

●Increased Same Property Occupancy by 110 basis points from 87.9% to 89.0%; and

●Issued and sold approximately 66,000 shares of Series D Preferred Stock through our At-the-Market Sale Program at a weighted average price of $22.51 per share, generating gross proceeds and net proceeds, after offering expenses, of $1.5 million.”

Samuel A. Landy, President and CEO, commented, “UMH Properties delivered a stable first quarter in 2026, reflecting the strength and resilience of our long-term business plan. Normalized FFO was $0.23 per share. Our earnings were affected by an unusually harsh winter which impacted our home sales volume and increased our community operating expenses. Additionally, our interest expenses increased substantially over last year as a result of our refinancings and the issuance of a new bonds offering. Interest on completed lots and added rental units is expensed at the time of completion. This new debt capital will allow us to grow in the coming quarters as it is invested and our investments become income producing. Our results and earnings should improve as we are able to obtain our annual rent increases, invest in additional rental units, increase sales and complete additional acquisitions.”

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“Our communities continue to perform in line with our expectations. We are experiencing strong demand which is resulting in solid sales and growing occupancy and revenue. Our same-property occupancy increased by 171 sites from year end 2025 and an increase of 412 occupied sites year-over-year, driving a 7.1%, or $2.3 million, increase in NOI to $34.9 million. Rental home occupancy increased from 93.8% at year end to 94.6% at the end of the first quarter. Additionally, we converted 142 new homes from inventory to revenue-generating rental homes, expanding our rental portfolio to approximately 11,200 homes. Home sales remained robust despite the challenging winter, with gross sales revenue reaching $7.1 million, including sales at Honey Ridge. We anticipate sales growth as we progress into our peak selli

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

UMH

PROPERTIES, INC.

Juniper Business Plaza

3499 Route 9 North, Suite 3-C

Freehold,

NJ 07728

(732) 577-9997

Fax: (732) 577-9980

FOR

IMMEDIATE RELEASE

February 25, 2026

Contact: Nelli Madden

732-577-9997

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2025

FREEHOLD,

NJ, February 25, 2026…..... UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income of $261.8 million for the year ended December 31, 2025 as compared to $240.6 million for the year ended December 31, 2024, representing an increase of 9%. Total Income for the quarter ended December 31, 2025 was $67.0 million as compared to $61.9 million for the quarter ended December 31, 2024, representing an increase of 8%. Net Income Attributable to Common Shareholders amounted to $6.0 million or $0.07 per diluted share for the year ended December 31, 2025 as compared to $2.5 million or $0.03 per diluted share for the year ended December 31, 2024. Net Income (Loss) Attributable to Common Shareholders amounted to a loss of $506,000 or $0.01 per diluted share for the quarter ended December 31, 2025 as compared to net income of $28,000 or $0.00 per diluted share for the quarter ended December 31, 2024.

Funds from Operations Attributable to Common Shareholders (“FFO”) was $76.0 million or $0.90 per diluted share for the year ended December 31, 2025 as compared to $66.3 million or $0.88 per diluted share for the year ended December 31, 2024. FFO was $19.3 million or $0.23 per diluted share for the quarter ended December 31, 2025 as compared to $18.4 million or $0.23 per diluted share for the quarter ended December 31, 2024. Normalized Funds from Operations Attributable to Common Shareholders (“Normalized FFO”), was $80.1 million or $0.95 per diluted share for the year ended December 31, 2025, as compared to $69.5 million or $0.93 per diluted share for the year ended December 31, 2024. Normalized FFO was $20.5 million or $0.24 per diluted share for the quarter ended December 31, 2025, as compared to $19.2 million or $0.24 per diluted share for the quarter ended December 31, 2024.

A summary of significant financial information for the three months and year ended December 31, 2025 and 2024 is as follows (in thousands except per share amounts):

For the Three Months Ended

December 31,

2025 2024

Total Income $ 66,968 $61,873

Total Expenses $54,175 $51,466

Net Income (Loss) Attributable to Common Shareholders $(506) $28

Net Income (Loss) Attributable to Common Shareholders per Diluted Common Share $(0.01) $0.00

FFO (1)

$ 19,349 $18,369

FFO (1) per Diluted Common Share $0.23 $0.23

Normalized FFO (1) $ 20,513 $19,203

Normalized FFO (1) per Diluted Common Share $0.24 $0.24

Basic Weighted Average Shares Outstanding 85,060 80,112

Diluted Weighted Average Shares Outstanding 85,416 81,235

For the Year Ended

December 31,

2025 2024

Total Income $261,714 $240,552

Total Expenses $213,942 $198,092

Net Income Attributable to Common Shareholders $5,966 $2,472

Net Income Attributable to Common Shareholders per Diluted Common Share $0.07 $0.03

FFO (1)

$75,967 $66,259

FFO (1) per Diluted Common Share $0.90 $0.88

Normalized FFO (1) $80,098 $69,489

Normalized FFO (1) per Diluted Common Share $0.95 $0.93

Basic Weighted Average Shares Outstanding 84,067 74,114

Diluted Weighted Average Shares Outstanding 84,694 74,912

A summary of significant balance sheet information as of December 31, 2025 and 2024 is as follows (in thousands):

December 31,

2025

December 31,

2024

Gross Real Estate Investments $1,869,390 $1,669,114

Marketable Securities at Fair Value $23,758 $31,883

Total Assets $1,699,036 $1,563,728

Mortgages Payable, net $556,129 $485,540

Loans Payable, net $27,696 $28,279

Series A Bond Payable, net $101,751 $100,903

Series B Bond Payable, net $75,651 $-0-

Total Shareholders’ Equity $907,196 $915,909

Samuel A. Landy, President and CEO, commented on the 2025 results.

“During 2025, UMH made substantial progress on multiple fronts – generating solid operating results, achieving strong growth and improving our financial position. We have:

●Increased Rental and Related Income by 10%;

●Increased Community Net Operating Income (“NOI”) by 9%;

●Increased Normalized Funds from Operations (“Normalized FFO”) by 15%;

●Increased Normalized FFO per diluted share by 2% from $0.93 per diluted share in 2024 to $0.95 per diluted share in 2025;

●Increased Same Property NOI by 9%;

●Increased Same Property Occupancy by 80 basis points from 87.5% to 88.3%;

●Improved our Same Property expense ratio from 39.7% at yearend 2024 to 39.3% at yearend 2025;

●Acquired five communities containing 587 homesites for a total cost of approximately $41.8 million;

●Increased Sales of Manufactured Homes by 4%;

●In May 2025, completed the addition of ten communities to our Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $101.4 milli