SRSEC Reporting Desk

UMH PROPERTIES, INC. (UMH, UMH-PD) – SEC staff letter

2026-04-29 · Re: Form 10-K for the Year Ended December 31, 2025 Form 8-K filed February 25, 2026 · Accession 0000000000-26-004373 · 2 staff comment(s) issued

Company response(s): 2026-05-04

Non-GAAP: Reconciliation & UsefulnessSegment Reporting (ASC 280)

2026-04-29 · Form 10-K for the Year Ended December 31, 2025 Form 8-K filed February 25, 2026 · Comment 1 · Note 1 - Organization, page 72 Agreed to revise
Staff comment: Please revise your financial statement footnote disclosures to provide all segment information required under ASU 2023‑07 and ASC 280‑10‑50. We remind you that the guidance in ASC 280‑10‑50‑20 indicates that all public entities are subject to these disclosure requirements, including those with a single reportable segment. letter →
Company response: ASU 2023-07 updates ASC 280-10-50 and states that all public entities, including those public entities that have a single reportable segment, shall disclose certain information for which an income statement is presented including: ● Factors used to identify the public entity’s reportable segments, including the basis of organization, ● Types of products and services, and ● The title and position of the individual identified as the chief operating decision maker. Management views the Company as a single segment and has included the following in its quarterly filings on Form 10-Q. This was inadvertently not included in our Form 10-K. The following will be included in Note 1 of the Notes to… response letter →
Segment Reporting (ASC 280)
2026-04-29 · Form 10-K for the Year Ended December 31, 2025 Form 8-K filed February 25, 2026 · Comment 2 · General Agreed to revise
Staff comment: In your earnings release, you disclose full year 2026 Guidance for normalized FFO per share without providing a reconciliation to the most directly comparable GAAP measure. Please include such reconciliation or, alternatively, provide a statement that the information could not be presented without unreasonable effort. Refer to Item 10(e)(1)(i)(B) of Regulation S-K and Questions 102.10(a) and 102.10(b) of the Corporation Finance Interpretations ("CFIs") for Non GAAP Financial Measures. letter →
Company response: The Company currently includes a tabular reconciliation from GAAP net income to FFO for each period presented for 2025 and 2024. However, we inadvertently did not include this reconciliation for the full year 2026 guidance. A NYSE Company: Symbol - UMH since 1968 The following table reconciles Net Income Attributable to Common Shareholders per share – fully diluted guidance to FFO Attributable to Common Shareholders per share - fully diluted guidance and Normalized FFO Attributable to Common Shareholders per share - fully diluted guidance: Full Year Guidance 2026 Net Income Attributable to Common Shareholders per share – fully diluted $0.06-$0.14 Depreciation $0.85 FFO Attributable to… response letter →
Non-GAAP: Reconciliation & Usefulness

Full letter on EDGAR → · Filing index · All UMH PROPERTIES, INC. (UMH, UMH-PD) correspondence

Non-GAAP: Reconciliation & Usefulness – what to check: Reconcile every non-GAAP measure (including segment-level measures presented outside the ASC 280 note) to the most directly comparable GAAP measure, and explain why it is useful.

Segment Reporting (ASC 280) – what to check: Check ASU 2023-07 significant segment expense disclosure, CODM identification, and that MD&A segment discussion matches the ASC 280 note.

Templates & resources

Listed alphabetically by provider. Listings are not endorsements; no provider pays for placement. All templates & resources