---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-016341"
form_type: "8-K"
ticker: "UMH"
cik: "0000752642"
company_name: "UMH PROPERTIES, INC."
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:41:58.833263+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# UMH Properties enters into $150M ATM equity distribution agreement, terminates prior $19.8M unsold ATM

## Summary
- New equity distribution agreement allows sales of common stock up to $150M aggregate sales price.
- Company terminated prior ATM program with approximately $19.8M remaining unsold upon entry.
- Distribution agents include BMO, J.P. Morgan, B. Riley, Compass Point, Janney Montgomery; commissions up to 2%.
- Net proceeds for working capital, manufactured home purchases, community expansion, acquisitions, debt repayment.
- Shares sold under existing effective shelf registration statement (File No. 333-238321) and new prospectus supplement.

## SEC filing metadata
- accession: 0001140361-23-016341
- form_type: 8-K
- ticker: UMH
- cik: 0000752642
- company_name: UMH PROPERTIES, INC.
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752642/000114036123016341/0001140361-23-016341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752642/000114036123016341/ny20008523x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-016341
- JSON: https://secwatch.observer/filing/0001140361-23-016341.json
- Plain text: https://secwatch.observer/filing/0001140361-23-016341.txt

## Key facts
- Material Agreements
  UMH PROPERTIES, INC. entered into Distribution Agreement with BMO Capital Markets Corp., J.P. Morgan Securities LLC , B. Riley Securities, Inc., Compass Point Research & Trading, LLC, and Janney Montgomery Scott LLC valued at up to $150,000,000 (effective 2023-04-04).
  - Action: entry
  - Agreement: atm program
  - Counterparty: BMO Capital Markets Corp., J.P. Morgan Securities LLC , B. Riley Securities, Inc., Compass Point Research & Trading, LLC, and Janney Montgomery Scott LLC
  - Value: up to $150,000,000
  - Effective: 2023-04-04
  source text: On April 4, 2023, UMH Properties, Inc. (the “Company”) entered into an equity distribution agreement (the “Distribution Agreement”) with BMO Capital Markets Corp., J.P. Morgan Securities LLC , B. Riley Securities, Inc., Compass Point Research & Trading, LLC, and Janney Montgomery Scott LLC, as distribution agents (the “Distribution Agents”) under which the Company may offer and sell shares of the Company’s common stock, $0.10 par value per share (the “Common Stock”), having an aggregate sales price of up to $150,000,000 from time to time through the Distribution Agents, as agents or principals.
  evidence_url: https://www.sec.gov/Archives/edgar/data/752642/000114036123016341/0001140361-23-016341-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.