T. Rowe Price reveals 5.1% UMH Properties (UMH) ownership stake

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. reported a beneficial ownership stake in UMH Properties, Inc., a REIT, as of 12/31/2025. The firm disclosed beneficial ownership of 4,386,288 shares, representing 5.1% of the class.

T. Rowe Price Investment Management has sole voting power and sole dispositive power over all 4,386,288 shares, with no shared voting or dispositive power. The shares were acquired and are held in the ordinary course of business, and the firm states they are not held for the purpose of changing or influencing control of UMH Properties.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

UMH PROPERTIES INC

(Name of Issuer)

REIT

(Title of Class of Securities)

903002103

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 903002103

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,386,288.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,386,288.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,386,288.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: UMH PROPERTIES INC
(b)	Address of issuer's principal executive offices: 3499 ROUTE 9 N, SUITE 3-C, JUNIPER BUSINESS PLAZA, FREEHOLD, NJ, 7728
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: REIT
(e)	CUSIP No.: 903002103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4386288
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4386288
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4386288
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026

FAQ

What ownership stake did T. Rowe Price report in UMH (UMH)?

T. Rowe Price Investment Management, Inc. reported beneficial ownership of 4,386,288 UMH Properties shares, representing 5.1% of the REIT’s outstanding class as of December 31, 2025. This makes it a significant institutional holder under Schedule 13G reporting rules.

Does T. Rowe Price control voting rights for its UMH (UMH) shares?

Yes. T. Rowe Price Investment Management reported sole voting power over all 4,386,288 UMH Properties shares. It also disclosed sole power to dispose of these shares, with no shared voting or dispositive authority reported in the Schedule 13G filing.

Is T. Rowe Price’s UMH (UMH) stake intended to influence control of the company?

No. T. Rowe Price Investment Management stated the UMH Properties securities were acquired and are held in the ordinary course of business, not for changing or influencing control. The firm expressly disclaimed holding them for any control-related purpose in the certification section.

What type of SEC filing did T. Rowe Price submit for UMH (UMH)?

T. Rowe Price Investment Management filed a Schedule 13G regarding its position in UMH Properties. Schedule 13G is used by certain institutional or passive investors to report beneficial ownership above 5% when they are not seeking to influence or change corporate control.

On what date was T. Rowe Price’s UMH (UMH) ownership measured?

The reported ownership figures for UMH Properties are as of December 31, 2025. On that date, T. Rowe Price Investment Management beneficially owned 4,386,288 shares, equal to 5.1% of the REIT’s outstanding class according to the Schedule 13G disclosure.

Where is T. Rowe Price Investment Management, Inc. organized and located?

T. Rowe Price Investment Management, Inc. is organized in Maryland. Its principal business office address in the Schedule 13G is 1307 Point Street, Baltimore, MD 21231, reflecting the location of the reporting institutional investment manager for this UMH Properties ownership disclosure.