UMH PROPERTIES, INC. ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION
Rhea-AI Summary
UMH Properties (NYSE: UMH) announced a CFO transition effective June 1, 2026. Long-time CFO and Treasurer Anna T. Chew will retire from the CFO role after 35 years but remain an advisor and board member. Kevin S. Miller, a CPA and current UMH OZ Fund CFO, will succeed her.
According to UMH, during Chew’s tenure annual revenue grew from under $10 million to over $260 million, and total market capitalization increased from under $37 million to over $2.3 billion, alongside community growth from 20 to 145.
Positive
- CFO transition planned with overlap; retiring CFO will stay in advisory role
- Incoming CFO Kevin Miller is a CPA with extensive real estate experience
- Annual revenue grew from under $10 million to over $260 million during Chew’s tenure
- Total market capitalization increased from under $37 million to over $2.3 billion
- Manufactured home communities expanded from 20 to 145 properties
Negative
- Long-tenured CFO and Treasurer retiring from day-to-day role on June 1, 2026
News Market Reaction – UMH
In the May 29 session, UMH declined 3.96%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 22 | Conference participation | Positive | +1.2% | Announcement of REITweek 2026 investor conference participation and webcast details. |
| May 21 | Shareholder activism | Negative | +0.5% | Erez Asset Management letter urging shareholders to withhold support for a director. |
| May 07 | Credit facility update | Positive | -0.4% | Amendment and extension of unsecured revolving credit agreement with higher capacity. |
| Apr 30 | Earnings release | Positive | +1.2% | Q1 2026 results with income growth and tightened Normalized FFO guidance. |
| Apr 08 | Industry awards | Positive | +2.1% | Multiple Manufactured Housing Institute awards recognizing operations and sustainability. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news skewed positive (credit facility, awards, earnings, conference participation), with most such events followed by modestly positive price reactions, but occasional divergences on financing and governance items.
Over the past few months, UMH reported Q1 2026 results with higher income and tightened Normalized FFO guidance on Apr 30, and expanded its unsecured revolving credit facility on May 7. The company also highlighted industry recognition through multiple Manufactured Housing Institute awards on Apr 8 and announced REITweek 2026 conference participation on May 22. A shareholder letter from Erez Asset Management on May 21 introduced governance-focused activism. Today’s CFO transition update follows a sequence of operational, financing, and governance developments.
Key Terms
real estate investment trust financial
reit financial
opportunity zone fund financial
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, May 28, 2026 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, today announced that effective Monday, June 1, 2026, Anna T. Chew, Executive Vice President, Chief Financial Officer (CFO) and Treasurer, has elected to retire after a successful and distinguished 35 years with the company, including over 31 years as CFO. Although Ms. Chew will retire as CFO, she will remain an employee with UMH in an advisory role to support a smooth transition of the CFO responsibilities. Ms. Chew will also remain a member of the Company’s Board of Directors.
Kevin S. Miller has been named by the Board as Ms. Chew’s successor as CFO to take effect on June 1, 2026, upon Ms. Chew’s retirement. Mr. Miller is a Certified Public Accountant and has been serving as the CFO of the UMH OZ Fund, LLC, an opportunity zone fund in which UMH holds a majority interest, since October 2022. Prior to joining the Company, Mr. Miller served as the CFO of Monmouth Real Estate Investment Corporation for ten years, Assistant Controller of Forest City Ratner Companies for seven years and as an Audit Manager for twelve years at PKF O'Connor Davies.
Samuel A. Landy, President and Chief Executive Officer of UMH, commented, "I’m incredibly grateful to Anna for her many contributions to UMH during her more than three decade career with us, including her integral part in growing UMH from having a net market capitalization of under
“Kevin has brought to UMH a wealth of real estate and public accounting experience,” Mr. Landy continued. “He will continue to be an integral member of our finance team and an asset to our long-term growth plans. We look forward to continuing to work with him."
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 145 manufactured home communities, containing approximately 27,100 developed homesites, of which 11,200 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 145 communities are two communities in Florida, containing 363 sites, and one community in Pennsylvania, containing 113 sites, that UMH has an ownership interest in and operates through its joint ventures with Nuveen Real Estate.
Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are based on the Company’s current expectations and involve various risks and uncertainties. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can provide no assurance those expectations will be achieved. The risks and uncertainties that could cause actual results or events to differ materially from expectations are contained in the Company’s annual report on Form 10-K and described from time to time in the Company’s other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.
Contact: Nelli Madden
732-577-9997
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