UMH Properties Announces Retirement of Long-Serving CFO and Appoints Experienced Successor
Summary
UMH Properties announced the retirement of its long-time CFO, Anna T. Chew, and the appointment of Kevin S. Miller, an experienced REIT finance executive, as her successor, effective June 1, 2026.
Key Events
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CFO Retirement Announced
Anna T. Chew, Executive Vice President, Chief Financial Officer, and Treasurer, will retire effective June 1, 2026, after 35 years with the company, including over 31 years as CFO.
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Smooth Transition Plan
Ms. Chew will remain an employee in an advisory role to support the CFO transition and will continue to serve as a member of the Board of Directors. Her retirement is not due to any disagreements regarding financial policies or statements.
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New CFO Appointed
Kevin S. Miller has been named as the successor, effective June 1, 2026. Mr. Miller is a Certified Public Accountant who previously served as CFO of Monmouth Real Estate Investment Corporation for ten years and most recently as CFO of the UMH OZ Fund, LLC.
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New CFO Compensation
Mr. Miller will receive an annual base compensation of $430,000.
Analysis
The company is undergoing a significant leadership transition with the retirement of its long-serving CFO, Anna T. Chew, after 35 years. While the departure of a key executive could be a concern, the company has mitigated potential disruption by ensuring a smooth transition, with Ms. Chew remaining in an advisory role and on the Board. The appointment of Kevin S. Miller, an experienced CPA with a decade of prior REIT CFO experience, provides continuity and strong financial leadership for the company's future growth.
At the time of this filing, UMH was trading at $15.64 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $13.93 to $17.44. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.