Umh

Regulatory Filings • Mar 15, 2023

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 13, 2023

UMH Properties, Inc.

(Exact name of registrant as specified in its charter)

(State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)

Maryland 001-12690 22-1890929

Juniper Business Plaza, 3499 Route 9 North, Suite 3-C, Freehold, NJ 07728 (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (732) 577-9997

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of exchange on which registered
Common Stock, \$.10 par value	UMH	New York Stock Exchange
6.375% Series D Cumulative Redeemable Preferred Stock,
\$.10 par value	UMH PRD	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On March 13, 2023, the Company issued a press release announcing it entered into a \$30 million revolving line of credit with Triad Financial Services secured by rental homes and rental home leases.

The information being furnished pursuant to this Item 7.01, including Exhibits 99 to this report, shall not be deemed "filed" for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section. The information in this report, including Exhibits 99, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless specifically incorporated by reference into any such filing. This report will not be deemed an admission as to the materiality of any information in this report that is required to be disclosed solely by Regulation FD.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

• 99 Press Release dated March 13, 2023
• 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UMH Properties, Inc.

Date: March 14, 2023 By: /s/ Anna T. Chew

Name: Anna T. Chew Vice President and Chief Financial Officer

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 March 13, 2023

Contact: Nelli Madden 732-577-9997

UMH PROPERTIES, INC. ENTERS INTO NEW REVOLVING CREDIT AGREEMENT

FREEHOLD, NJ, March 13, 2023 ........ UMH Properties, Inc. (NYSE: UMH), announced that on March 9, 2023, it entered into a \$30 million revolving line of credit with Triad Financial Services secured by rental homes and rental home leases.

Samuel A. Landy, President and Chief Executive Officer commented, "UMH is pleased to announce our new rental facility with Triad Financial Services that provides an attractive source of funding for the purchase of new rental homes. Over the past few years, we have worked to obtain acceptance of our rental home business model from our investors, government sponsored entities and our banks. We are proud of the progress that we have made and look forward to growing these programs with our lending partners in the future.

"Rental homes in manufactured housing communities are the best way to provide the Nation with quality affordable housing. UMH currently owns over 10,000 rental homes and we anticipate adding 800 or more rental homes to our portfolio on an annual basis. These homes improve the quality of our communities, improve our operating performance and provide a positive social impact. We currently have over 1,000 homes in inventory at locations with strong demand. As we occupy these units, revenue and NOI will increase resulting in per share earnings accretion."

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities with approximately 25,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.

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