UMH Properties Inc 2025年度报告

FORM 11-K FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILARPLANS PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) UMH PROPERTIES, INC.Juniper Business Plaza3499 Route 4 North, Suite 3-CFreehold, NJ 07728 Table of ContentsReport of Independent Registered Public Accounting Firm3Financial StatementsStatements of Net Assets Available for Benefits as of December 31, 2025 and 20244Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 20255Notes to Financial Statements6Supplemental ScheduleSchedule H, Part IV - Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 202513Signature14Exhibit 23: Consent of Independent Registered Public Accounting Firm152 Report of Independent Registered Public Accounting Firm The Plan Administrator and ParticipantsUMH Properties, Inc. 401(k) Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of the UMH Properties, Inc. 401(k) Plan (the Plan) as ofDecember 31, 2025 and 2024, and the related statement of changes in net assets available for benefits for the year ended December 31, 2025,and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all materialrespects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits Basis for Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financialstatements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (UnitedStates) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtainreasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is notrequired to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error orfraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding theamounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant Supplemental Information The supplemental information contained in Schedule H, Line 4i - Schedule of Assets (Held at End of Year) at December 31, 2025 has beensubjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is theresponsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to thefinancial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and /s/ PKF O’Connor Davies, LLP June 26, 2026New York, New York UMH PROPERTIES, INC. 401(K) PLANSTATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITSYEAR ENDED DECEMBER 31, 2025 UMH PROPERTIES, INC. 401(K) PLANNOTES TO FINANCIAL STATEMENTSDECEMBER 31, 2025 1.Description of Plan The following brief description of the UMH Properties, Inc. 401(k) Plan (the “Plan”) is provided for general information purposesonly. Participants should refer to the Plan document for more complete information. General The Plan is a defined contribution profit sharing plan available to all full-time employees of UMH Properties, Inc. (“UMH”) (the“Plan Sponsor”). The Plan is a qualified salary deferral plan under the provisions of the Internal Revenue Code (“IRC”) sections401(a) and 401(k). The Plan is subject to the applicable regulations of the Employee Retirement Income Security Act of 1974 Assets Held for Investment All Plan assets are held with Principal Trust Company (“Principal”), the trustee, and record-keeper over all of the Plan’s assets.Among other duties, Principal is responsible for the custody of the Plan assets and for the payment of benefits to eligible participants. Eligibility Substantially all full-time employees of the Plan Sponsor are eligible for Plan participation and may enter the Plan provided theyare over 21 years of age. An employee who has satisfied the eligibility requirements may enter the Plan at the beginning of each quarter, following the datewhich he or she satisfies such eligibility requirements. Contributions Eligible employees may contribute, on a pre-tax or