Erez Asset Management Releases Fourth Installment of its "Right Horse, Wrong Jockey: The Case for Change at UMH Properties" Series

Detailed summary

Exposes UMH's Practice Over the Last 20 Years of Selling Stock to Raise Cash to Pay Unnecessary Dividends, Diluting Shareholders and Destroying Value NEW ROCHELLE, N.Y., Nov. 12,…

Exposes UMH's Practice Over the Last 20 Years of Selling Stock to Raise Cash to Pay Unnecessary Dividends, Diluting Shareholders and Destroying Value

NEW ROCHELLE, N.Y., Nov. 12, 2026 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), which owns approximately 5.5% of the outstanding shares of UMH Properties, Inc. (NYSE: UMH) ("UMH" or the "Company"), today issued the latest installment in its series, "Right Horse, Wrong Jockey: The Case for Change at UMH Properties," highlighting the Company's persistent issuance of new equity to fund dividends that were not required under the REIT rules and that exceeded funds available for distribution in each of the last 20 years.

The fourth installment follows three prior presentations examining (1) UMH's decades of shareholder underperformance despite significant appreciation in assets, (2) its unsuccessful investments in other publicly traded REITs, including investments into all four of the REITS that have filed for bankruptcy since 2015 and (3) the Landy family's history of value destruction and governance failures, as seen at Monmouth Real Estate Investment Corporation.

The latest presentation, along with all previous installments of the series and other materials, is available on our website at saveUMH.com.

Erez Asset Management, LLC is an investment management firm focused on undervalued small market cap REITs. Erez was founded in 2022 by Bruce Schanzer, former CEO of Cedar Realty Trust, a shopping center REIT, after the successful monetization of Cedar. Erez seeks to acquire meaningful stakes in REITs in which it believes it can work collaboratively with the management team and the board to help catalyze improved performance and share price appreciation by pursuing operational initiatives and strategic alternatives intended to benefit all stakeholders.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person.

Erez Asset…

Opening of the article, excerpted from Finviz. To read the rest, open the article on the publisher's site.