Exhibit 99

UMH PROPERTIES, INC.

Juniper Business Plaza

3499 Route 9 North, Suite 3-C

Freehold, NJ 07728

(732) 577-9997

Fax: (732) 577-9980

Date: January 25, 2024

Contact: Nelli Madden

                732-577-9997

UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2023 DISTRIBUTIONS

FREEHOLD, NJ, JANUARY 25, 2024……UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced the tax treatment of its 2023 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH’s common and preferred shares during the calendar year ended December 31, 2023.

Common - CUSIP 903002103

Shown as Dollars ($)
Payment Date	Distributions Per Share		Non-Qualifying Ord. Income (1a)		Total Long-Term Capital Gain (2a)		Unrecaptured Sec. 1250 Gain (2b)		Return of Capital (3)		Section 199A Dividends (5)
3/15/23	$	0.205	$	0.055639	$	0.00	$	0.00	$	0.149361	$	0.055639
6/15/23	$	0.205	$	0.055639	$	0.00	$	0.00	$	0.149361	$	0.055639
9/15/23	$	0.205	$	0.055639	$	0.00	$	0.00	$	0.149361	$	0.055639
12/15/23	$	0.205	$	0.055639	$	0.00	$	0.00	$	0.149361	$	0.055639
TOTAL	$	0.820	$	0.222556	$	0.00	$	0.00	$	0.597444	$	0.222556

Shown as a Percentage (%)
Payment Date	Distributions Per Share		Non-Qualifying Ord. Income (1a)			Total Long-Term Capital Gain (2a)			Unrecaptured Sec. 1250 Gain (2b)			Return of Capital (3)			Section 199A Dividends (5)
3/15/23	$	0.205		27.140886	%		0	%		0	%		72.859114	%		27.140886	%
6/15/23	$	0.205		27.140886	%		0	%		0	%		72.859114	%		27.140886	%
9/15/23	$	0.205		27.140886	%		0	%		0	%		72.859114	%		27.140886	%
12/15/23	$	0.205		27.140886	%		0	%		0	%		72.859114	%		27.140886	%
TOTAL	$	0.820		27.140886	%		0	%		0	%		72.859114	%		27.140886	%

A NYSE Company: Symbol - UMH

since 1968

Page | 1

6.375% Series D Cumulative Redeemable Preferred - CUSIP 903002509

Shown as Dollars ($)
Payment Date	Distributions Per Share		Non-Qualifying Ord. Income (1a)		Total Long-Term Capital Gain (2a)		Unrecaptured Sec. 1250 Gain (2b)		Return of Capital (3)		Section 199A Dividends (5)
3/15/23	$	0.3984375	$	0.3984375	$	0.00	$	0.00	$	0.00	$	0.3984375
6/15/23	$	0.3984375	$	0.3984375	$	0.00	$	0.00	$	0.00	$	0.3984375
9/15/23	$	0.3984375	$	0.3984375	$	0.00	$	0.00	$	0.00	$	0.3984375
12/15/23	$	0.3984375	$	0.3984375	$	0.00	$	0.00	$	0.00	$	0.3984375
TOTAL	$	1.593750	$	1.593750	$	0.00	$	0.00	$	0.00	$	1.593750

Shown as a Percentage (%)
Payment Date	Distributions Per Share		Non-Qualifying Ord. Income (1a)			Total Long-Term Capital Gain (2a)			Unrecaptured Sec. 1250 Gain (2b)			Return of Capital (3)			Section 199A Dividends (5)
3/15/23	$	0.3984375		100	%		0	%		0	%		0	%		100	%
6/15/23	$	0.3984375		100	%		0	%		0	%		0	%		100	%
9/15/23	$	0.3984375		100	%		0	%		0	%		0	%		100	%
12/15/23	$	0.3984375		100	%		0	%		0	%		0	%		100	%
TOTAL	$	1.593750		100	%		0	%		0	%		0	%		100	%

NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.

DIVIDEND REINVESTMENT PLAN DISCOUNTS

Common - CUSIP 903002103

DISCOUNT DATE	FAIR MARKET VALUE ($)		DISCOUNT PRICE ($)		DISCOUNT ON D/R ($)
1/17/2023		17.105		16.250		0.855
2/15/2023		17.995		17.250		0.745
3/15/2023		14.745		14.250		0.495
4/17/2023		14.750		14.125		0.625
5/15/2023		15.790		15.125		0.665
6/15/2023		16.130		15.375		0.755
7/17/2023		16.335		15.625		0.710
8/15/2023		15.400		15.000		0.400
9/15/2023		14.605		14.000		0.605
10/16/2023		14.280		13.625		0.655
11/15/2023		14.515		13.875		0.640
12/15/2023		15.180		14.500		0.680

Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.

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A NYSE Company: Symbol - UMH

since 1968