UMH PROPERTIES, INC. ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION

UMH Properties (NYSE: UMH) announced a CFO transition effective June 1, 2026.

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

Argus May 29 session

-3.96% close to close Open Argus

Details

News Market Reaction – UMH

On May 29, the first trading day after this news, UMH closed 3.96% below the previous close.

Data tracked by StockTitan Argus for the May 29 session.

Key Figures

Tenure with UMH: 35 years CFO tenure: 31 years Prior net market cap: Under $15 million +5 more

Tenure with UMH

35 years

Anna T. Chew’s total tenure at the company

CFO tenure

31 years

Anna T. Chew’s service as CFO

Prior net market cap

Under $15 million

UMH net market capitalization early in Chew’s tenure

Current net market cap

Over $1.3 billion

UMH net market capitalization cited by CEO

Annual revenue then

Under $10 million

UMH annual revenue at start of Chew’s career

Annual revenue now

Over $260 million

UMH current annual revenue cited in release

Communities owned

145 communities

Manufactured home communities owned and operated by UMH

Developed homesites

Approximately 27,100

Developed homesites across UMH’s 145 communities

Historical Context

5 past events · Latest: May 22

5 events

1. May 22

   Conference participation

   24h Move

   +1.2%

   Announcement of REITweek 2026 investor conference participation and webcast details.

2. May 21

   Shareholder activism

   24h Move

   +0.5%

   Erez Asset Management letter urging shareholders to withhold support for a director.

3. May 07

   Credit facility update

   24h Move

   -0.4%

   Amendment and extension of unsecured revolving credit agreement with higher capacity.

4. Apr 30

   Earnings release

   24h Move

   +1.2%

   Q1 2026 results with income growth and tightened Normalized FFO guidance.

5. Apr 08

   Industry awards

   24h Move

   +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.

Key Terms

real estate investment trust, reit, opportunity zone fund, forward-looking statements

4 terms

real estate investment trust financial

"a real estate investment trust (REIT) specializing in the ownership and"

A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.

reit financial

"a real estate investment trust (REIT) specializing in the ownership and"

A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.

opportunity zone fund financial

"has been serving as the CFO of the UMH OZ Fund, LLC, an opportunity zone fund in which"

An opportunity zone fund is an investment vehicle that pools money to buy real estate or businesses in government-designated low-income areas, offering special tax incentives for investors who roll capital gains into the fund and hold the investment for a set period. It matters to investors because it can reduce or delay taxes on prior gains while directing capital toward long-term projects — like parking profits in a tax-advantaged garage that also helps revitalize a neighborhood.

forward-looking statements regulatory

"Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 $15 million to over $1.3 billion today and increasing the number of communities we own and operate from 20 to now 145. When Anna began her career at UMH, our annual revenue was under $10 million and our total market capitalization was under $37 million. Under her leadership, she helped grow the company to the point where we now have annual revenue over $260 million and a total market capitalization of over $2.3 billion. Anna has always operated with the long-term interest of the company in mind and we are stronger because of her efforts and leadership. We also greatly appreciate her commitment to ensuring a smooth and successful CFO transition in her advisory role and remaining a valued member of our Board of Directors.

“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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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What CFO transition did UMH Properties (NYSE: UMH) announce on May 28, 2026?

UMH Properties announced that longtime CFO Anna T. Chew will retire from the CFO role, with Kevin S. Miller appointed as her successor effective June 1, 2026. According to UMH, Chew will remain an employee in an advisory capacity and continue serving on the board.

When will UMH Properties' CFO retirement and successor appointment take effect for UMH stock investors?

The CFO transition at UMH Properties will take effect on June 1, 2026, when Anna T. Chew retires from the CFO role and Kevin S. Miller assumes the position. According to UMH, Chew will support a smooth handover through an ongoing advisory role.

How has UMH Properties grown during Anna T. Chew’s tenure as CFO (NYSE: UMH)?

UMH Properties reports substantial growth during Anna T. Chew’s tenure as CFO, including strong increases in revenue, market capitalization and communities. According to UMH, annual revenue rose from under $10 million to over $260 million and total market capitalization from under $37 million to over $2.3 billion.

Who is Kevin S. Miller, the new CFO of UMH Properties (UMH)?

Kevin S. Miller is a Certified Public Accountant named UMH Properties’ new CFO effective June 1, 2026. According to UMH, he has served as CFO of the UMH OZ Fund since October 2022 and previously spent ten years as CFO of Monmouth Real Estate Investment Corporation.

How many manufactured home communities does UMH Properties own and operate in 2026?

UMH Properties owns and operates 145 manufactured home communities containing about 27,100 developed homesites and over 1,000 self-storage units. According to UMH, 11,200 of these sites contain rental homes, with communities located across 12 states, including New Jersey, Ohio, Pennsylvania, Tennessee and Florida.

Will Anna T. Chew remain involved with UMH Properties after stepping down as CFO?

Yes, Anna T. Chew will remain involved with UMH Properties after leaving the CFO role. According to UMH, she will stay on as an employee in an advisory position to support the transition and will continue serving as a member of the company’s board of directors.