UMH Properties, Inc. announced on September 22, 2025, that its Board of Directors authorized an increase in the company's common stock repurchase program to $100 million. This represents a significant increase from the previous authorization of up to $25 million.
The company has not made any share repurchases since 2020, with historical repurchases totaling approximately 194,000 shares at a weighted average price of $10.64 per share. The expanded program allows for repurchases through various methods, including open market purchases and privately negotiated transactions.
President and CEO Samuel A. Landy stated that the increased authorization reflects the Board's strong conviction in the intrinsic value of UMH's stock and the strength of its operations and balance sheet. While the common stock at-the-market program remains in place, shares are not currently being issued under it, indicating a potential shift towards capital return through buybacks.
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