UMH PROPERTIES, INC. Item 7.01 Regulation FD Disclosure.
On
The information in this report and the exhibit attached hereto is being furnished, not filed, for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and pursuant to Item 2.02 and Item 7.01 of Form 8-K will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
Forward-Looking Statements
Statements contained in this report, including the document that is incorporated by reference, that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995 (the "Exchange Act"). All statements, other than statements of historical facts that address activities, events or developments where the Company uses any of the words "anticipates," "assumes," "believes," "estimates," "expects," "intends," or similar expressions, are forward-looking statements. These forward-looking statements are not guaranteed and are based on the Company's current intentions and on the Company's current expectations and assumptions. These statements, intentions, expectations and assumptions involve risks and uncertainties, some of which are beyond the Company's control that could cause actual results or events to differ materially from those that the Company anticipates or projects, such as:
? changes in the real estate market conditions and general economic conditions;
? the inherent risks associated with owning real estate, including local real
estate market conditions, governing laws and regulations affecting
manufactured housing communities and illiquidity of real estate investments;
? increased competition in the geographic areas in which we own and operate
manufactured housing communities;
? our ability to continue to identify, negotiate and acquire manufactured
housing communities and/or vacant land which may be developed into
manufactured housing communities on terms favorable to us;
? the effect of COVID-19 on our business and general economic conditions;
? our ability to maintain rental rates and occupancy levels;
? changes in market rates of interest;
? our ability to repay debt financing obligations;
? our ability to refinance amounts outstanding under our credit facilities at
maturity on terms favorable to us;
? our ability to comply with certain debt covenants;
? our ability to integrate acquired properties and operations into existing
operations;
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? the availability of other debt and equity financing alternatives;
? continued ability to access the debt or equity markets;
? the loss of any member of our management team;
? our ability to maintain internal controls and processes to ensure all
transactions are accounted for properly, all relevant disclosures and filings
are timely made in accordance with all rules and regulations, and any
potential fraud or embezzlement is thwarted or detected;
? the ability of manufactured home buyers to obtain financing;
? the level of repossessions by manufactured home lenders;
? market conditions affecting our investment securities;
? changes in federal or state tax rules or regulations that could have adverse
tax consequences; and
? our ability to qualify as a real estate investment trust for federal income
tax purposes.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99 Supplemental information package for the first quarter ended
and press release datedMay 7, 2020 . 3
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