UMH Properties reports the passing of board member

Freehold, NJ - UMH Properties, Inc. (NYSE:UMH) today announced the passing of board director Kiernan Conway, who had served on the company’s board since 2022. His death on Monday, April 28, 2025, was acknowledged by the real estate investment trust, which expressed that Mr. Conway’s presence and contributions would be deeply missed.

Mr. Conway was an active member of the board’s nominating and corporate responsibility committee as well as the retirement plan committee at the time of his passing. UMH Properties, Inc., headquartered in Freehold, New Jersey, is recognized within the real estate sector for its portfolio of manufactured home communities. According to InvestingPro data, the company maintains strong financial health with a current ratio of 1.67, indicating solid liquidity management.

The company filed the information regarding the event with the Securities and Exchange Commission (SEC) on April 30, 2025, as stated in the 8-K filing. The document provides formal notice of the loss to investors and the public, ensuring transparency about the changes within the company’s governance structure.

UMH Properties, Inc. continues to operate under the leadership of its remaining board members and executive team, maintaining its focus on providing value and service within the real estate investment trust industry. The company’s securities, including common stock and preferred stock, are listed and traded on the New York Stock Exchange under the symbols UMH and UMH PRD respectively.

The announcement is based on a press release statement and reflects the company’s commitment to timely disclosure of material events that may affect its stakeholders.

In other recent news, UMH Properties Inc . reported its financial results for the fourth quarter of 2024, revealing a revenue of $61.87 million, which exceeded the forecasted $58.47 million. However, the company’s earnings per share (EPS) fell short of expectations, coming in at $0.03 compared to the anticipated $0.05. Despite this EPS miss, the company demonstrated strong performance with a 4% year-over-year increase in normalized funds from operations (FFO) to $0.24 per share. For the full year, normalized FFO rose by 8% to $0.93 per share. Additionally, UMH Properties announced a 4.7% increase in its quarterly dividend, raising it to $0.225 per share. This marks the fifth consecutive annual dividend increase for the company. The company also plans to expand its rental home offerings and is exploring innovative technologies, such as solar shingles, in collaboration with GAF. These developments reflect UMH Properties’ strategic initiatives to enhance growth and profitability in the manufactured housing sector.

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