UMH Properties, Inc.

¶¶ We'll be right back. Small things mama, big things one day come. ¶¶ I see my light come shining From the west down to the east Any day now, any day now I shall be relieved © BF-WATCH TV 2021 Yet I swear I see my reflection Somewhere so high above the clouds I see my light come shining From the west down to the east And it's day now And it's day now I shall be relieved I don't understand the man in this lonely crowd A man who swears he's not to blame ¶¶ ¶¶ ¶¶ From the west of unity In its day now In its day now I shall be with thee There is no end to what we can do together. There is no end. There is no end. The willow turns its back on the clever weather. And if he can do it, We can do it. Just me and you. Never let on, no. There is no end to what we do. Together. Together. There is no end. There is no end. The willow turns it back on in clever, clever. We can do it. Just me and you with a little push. With a little love, with a little love, with a little love, with a little love, with a little love, with a little love, with a little love, with a little love. © BF-WATCH TV 2021

Good morning and welcome to UMH Properties first quarter 2026 earnings conference call. All participants will be in a listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch tone phone. To withdraw your question, please press star and then two. Please note this event is being recorded. It is now my pleasure to introduce your host, Mr. Craig Koster, Executive Vice President and General Counsel. Thank you. Mr. Koster, you may begin.

Thank you very much, Operator. In addition to the 10-Q that we filed with the SEC yesterday, we have filed an unaudited first quarter supplemental information presentation. This supplemental information presentation, along with our 10-Q, are available on the company's website at umh.reit. We would like to remind everyone that certain statements made during this conference call which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements that we make on this call are based on our current expectations and involve various risks and uncertainties. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, The company can provide no assurance that its expectations will be achieved. The risks and uncertainties that could cause actual results to differ materially from expectations are detailed in the company's first quarter 2026 earnings release and filings with the Securities and Exchange Commission. The company disclaims any obligation to update its forward-looking statements. In addition, during today's call, we will be discussing non-GAAP financial metrics. Reconciliations of these non-GAAP financial metrics to the comparable GAAP financial metrics, as well as the explanatory and cautioning language, are included in our earnings release, our supplemental information, and our historical SEC filings. Having said that, I would like to introduce management with us today. Eugene Landy, Founder and Chairman, Samuel Landy, President and Chief Executive Officer, Anna Chiu, Executive Vice President and Chief Financial Officer, Brett Taft, Executive Vice President and Chief Operating Officer, Jim Likens, Vice President of Capital Markets, and Daniel Landy, Executive Vice President. It is now my pleasure to turn the call over to UMH's President and Chief Executive Officer, Samuel Landy.