• Erez Asset Management, which holds about 4% of UMH Properties, plans to withhold support from presiding independent director Matthew I. Hirsch at the May 27, 2026 annual meeting.
• The investor cited persistent share-price underperformance, a valuation discount to net asset value, governance concerns, capital allocation decisions.
• ISS recommended shareholders withhold votes from Hirsch for the 2026 meeting, extending a pattern of withhold recommendations over his past elections.
• Erez pointed to nearly 40% of votes cast being withheld from Hirsch at his last election in 2023, framing it as a signal of shareholder dissatisfaction.
• The letter criticized UMH’s board structure, citing a plurality voting standard, a staggered board, insider influence, limited refreshment, average director tenure of about 18 years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UMH Properties Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605210727PR_NEWS_USPR_____NY64774) on May 21, 2026, and is solely responsible for the information contained therein.