UMH PROPERTIES, INC.

For the period ended Sep 30, 2025. Filed Nov 3, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 3, 2025

UMH$14.74-1.2%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Shareholders’ Equity

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (UNAUDITED)

Common Stock · Preferred
Issued and Outstanding · Stock
	Number	Amount	Series D
Balance December 31, 2024	81,909	$8,191	$320,572
Common Stock Issued with the DRIP	152	16	0
Common Stock Issued through Restricted Stock Awards	224	22	0
Common Stock Issued through Stock Options	25	2	0
Common Stock Issued in connection with At-The-Market Offerings, net	515	52	0
Preferred Stock Issued in connection with At-The-Market Offerings, net	0	0	1,232
Distributions	0	0	0
Stock Compensation	0	0	0
Net Income (Loss)	0	0	0
Balance March 31, 2025	82,825	8,283	321,804
Common Stock Issued with the DRIP	136	13	0
Common Stock Issued through Restricted Stock Awards	9	1	0
Common Stock Issued through Stock Options	10	1	0
Common Stock Issued in connection with At-The-Market Offerings, net	1,761	176	0
Distributions	0	0	0
Stock Compensation Expense	0	0	0
Net Income (Loss)	0	0	0
Balance June 30, 2025	84,741	8,474	321,804
Common Stock Issued with the DRIP	151	15	0
Common Stock Issued through Restricted Stock Awards	11	1	0
Common Stock Issued through Stock Options	4	1	0
Common Stock Issued in connection with At-The-Market Offerings, net	290	29	0
Preferred Stock Issued in connection with At-The-Market Offerings, net	0	0	81
Distributions	0	0	0
Stock Compensation Expense	0	0	0
Net Income (Loss)	0	0	0
Balance September 30, 2025	85,197	$8,520	$321,885

	Additional Paid-In	Undistributed Income (Accumulated	Non-Controlling Interest in Consolidated	Total Shareholders’
	Capital	Deficit)	Subsidiary	Equity
Balance December 31, 2024	$610,630	$(25,364)	$1,880	$915,909
Common Stock Issued with the DRIP	2,596	0	0	2,612
Common Stock Issued through Restricted Stock Awards	(22)	0	0	0
Common Stock Issued through Stock Options	352	0	0	354
Common Stock Issued in connection with At-The-Market Offerings, net	9,185	0	0	9,237
Preferred Stock Issued in connection with At-The-Market Offerings, net	(250)	0	0	982
Distributions	(18,000)	(4,858)	0	(22,858)
Stock Compensation Expense	3,149	0	0	3,149
Net Income (Loss)	0	4,858	(48)	4,810
Balance March 31, 2025	607,640	(25,364)	1,832	914,195
Common Stock Issued with the DRIP	2,192	0	0	2,205
Common Stock Issued through Restricted Stock Awards	(1)	0	0	0
Common Stock Issued through Stock Options	136	0	0	137
Common Stock Issued in connection with At-The-Market Offerings, net	30,152	0	0	30,328
Distributions	(16,402)	(7,661)	0	(24,063)
Stock Compensation Expense	3,351	0	0	3,351
Net Income (Loss)	0	7,661	(56)	7,605
Balance June 30, 2025	627,068	(25,364)	1,776	933,758
Common Stock Issued with the DRIP	2,255	0	0	2,270
Common Stock Issued through Restricted Stock Awards	(1)	0	0	0
Common Stock Issued through Stock Options	43	0	0	44
Common Stock Issued in connection with At-The-Market Offerings, net	4,603	0	0	4,632
Preferred Stock Issued in connection with At-The-Market Offerings, net	(22)	0	0	59
Distributions	(14,907)	(9,340)	0	(24,247)
Stock Compensation Expense	612	0	0	612
Net Income (Loss)	0	9,340	(55)	9,285
Balance September 30, 2025	$619,651	$(25,364)	$1,721	$926,413

Common Stock · Preferred
Issued and Outstanding · Stock
	Number	Amount	Series D
Balance December 31, 2023	67,978	$6,798	$290,180
Common Stock Issued with the DRIP	168	16	0
Common Stock Issued through Restricted Stock Awards	481	48	0
Common Stock Issued through Stock Options	179	18	0
Common Stock Issued in connection with At-The-Market Offerings, net	1,347	135	0
Preferred Stock Issued in connection with At-The-Market Offerings, net	0	0	4,855
Distributions	0	0	0
Stock Compensation	0	0	0
Net Loss	0	0	0
Balance March 31, 2024	70,153	7,015	295,035
Common Stock Issued with the DRIP	172	17	0
Common Stock Issued through Restricted Stock Awards	9	1	0
Common Stock Issued through Stock Options	31	3	0
Common Stock Issued in connection with At-The-Market Offerings, net	2,385	239	0
Preferred Stock Issued in connection with At-The-Market Offerings, net	0	0	722
Distributions	0	0	0
Stock Compensation Expense	0	0	0
Net Income (Loss)	0	0	0
Balance June 30, 2024	72,750	7,275	295,757
Common Stock Issued with the DRIP	141	14	0
Common Stock Issued through Restricted Stock Awards	7	1	0
Common Stock Issued through Stock Options	70	7	0
Common Stock Issued in connection with At-The-Market Offerings, net	5,729	573	0
Preferred Stock Issued in connection with At-The-Market Offerings, net	0	0	11,021
Distributions	0	0	0
Stock Compensation Expense	0	0	0
Net Income (Loss)	0	0	0
Balance September 30, 2024	78,697	$7,870	$306,778

	Additional Paid-In	Undistributed Income (Accumulated	Non-Controlling Interest in Consolidated	Total Shareholders’
	Capital	Deficit)	Subsidiary	Equity
Balance December 31, 2023	$433,106	$(25,364)	$2,074	$706,794
Common Stock Issued with the DRIP	2,455	0	0	2,471
Common Stock Issued through Restricted Stock Awards	(48)	0	0	0
Common Stock Issued through Stock Options	1,748	0	0	1,766
Common Stock Issued in connection with At-The-Market Offerings, net	20,260	0	0	20,395
Preferred Stock Issued in connection with At-The-Market Offerings, net	(456)	0	0	4,399
Distributions	(20,479)	1,591	0	(18,888)
Stock Compensation Expense	1,845	0	0	1,845
Net Loss	0	(1,591)	(34)	(1,625)
Balance March 31, 2024	438,431	(25,364)	2,040	717,157
Common Stock Issued with the DRIP	2,548	0	0	2,565
Common Stock Issued through Restricted Stock Awards	(1)	0	0	0
Common Stock Issued through Stock Options	310	0	0	313
Common Stock Issued in connection with At-The-Market Offerings, net	35,844	0	0	36,083
Preferred Stock Issued in connection with At-The-Market Offerings, net	(63)	0	0	659
Distributions	(14,622)	(5,239)	0	(19,861)
Stock Compensation Expense	1,883	0	0	1,883
Net Income (Loss)	0	5,239	(58)	5,181
Balance June 30, 2024	464,330	(25,364)	1,982	743,980
Common Stock Issued with the DRIP	2,579	0	0	2,593
Common Stock Issued through Restricted Stock Awards	(1)	0	0	0
Common Stock Issued through Stock Options	833	0	0	840
Common Stock Issued in connection with At-The-Market Offerings, net	106,143	0	0	106,716
Preferred Stock Issued in connection with At-The-Market Offerings, net	(819)	0	0	10,202
Distributions	(7,770)	(12,964)	0	(20,734)
Stock Compensation Expense	1,883	0	0	1,883
Net Income (Loss)	0	12,964	(59)	12,905
Balance September 30, 2024	$567,178	$(25,364)	$1,923	$858,385

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.