UMH Properties Updates Preferred Stock ATM Program, Reports $2.49M in Sales

summarizeSummary

UMH Properties, Inc. has updated its at-the-market (ATM) program for its 6.375% Series D Cumulative Redeemable Preferred Stock, reporting $2.49 million in sales and making up to $97.51 million available for future sales.

check_boxKey Events

• Updated ATM Program

  UMH Properties, Inc. entered into an amended and restated sales agreement for an at-the-market (ATM) offering of up to $100 million of its 6.375% Series D Cumulative Redeemable Preferred Stock. This updates an existing program established in 2023.

• Recent Preferred Stock Sales

  As of May 12, 2026, the company has already sold $2,487,539 of Series D Preferred Stock under the program.

• Remaining Offering Capacity

  Up to $97,512,461 of Series D Preferred Stock remains available for offer and sale under the ATM program.

• Preferred Stock Trading Below Liquidation

  The Series D Preferred Stock last traded at $22.28 per share on May 11, 2026, which is below its $25.00 liquidation preference.

auto_awesomeAnalysis

This filing updates UMH Properties' at-the-market (ATM) program for its Series D Preferred Stock, following a new shelf registration. The company has already sold $2.49 million of preferred stock and has up to $97.51 million remaining to sell. While raising capital provides financial flexibility for growth and debt repayment, the issuance of preferred stock adds to the company's capital structure and dividend obligations, which can be dilutive to common shareholders. The preferred stock trading below its liquidation preference also indicates market sentiment regarding this security.