UMH Properties Inc. reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported core funds from operations attributable to common shareholders of $5,254,000 or $0.30 per share compared to $2,738,000 or $0.18 per share a year ago. Total income was $13,426,000 compared to $10,891,000 a year ago. Net income attributable to common shareholders amounted to $2,260,000 or $0.13 per common share compared to $1,059,000 or $0.07 per common share for the same period a year ago. Funds from operations attributable to common shareholders was $4,663,000 compared to $2,656,000 a year ago. Cash flows provided by operating activities were $1,678,000 compared to $2,756,000 a year ago.

UMH Properties Inc. announced that, on April 8, 2013, the board of directors declared its quarterly cash dividend on the company's common stock of $0.18 per share payable June 17, 2013 to shareholders of record at the close of business May 15, 2013. The company's annual dividend rate on its common Stock is $0.72 per share. Also on April 8, 2013, the board of directors declared a quarterly dividend of $0.515625 per share for the period from March 1, 2013 through May 31, 2013, on the company's 8.25% Series A Cumulative Redeemable Preferred Stock payable June 17, 2013 to shareholders of record at the close of business on May 15, 2013. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.

UMH Properties Inc. announced that on March 29, 2013, it has entered into a new $35 million Unsecured Revolving Credit Facility with Bank of Montreal. The company has the ability to increase the borrowing capacity by an amount not to exceed $15 million, representing a maximum aggregate borrowing capacity of $50 million, subject to the obtaining of additional commitments. The maturity date of the Facility is March 29, 2016 with a one year extension available at the company's option. Borrowings under the facility can be used for, among other things, acquisitions, working capital, capital expenditures, and repayment of other indebtedness. Borrowings will bear interest at the company's option of LIBOR plus 2.00% to 2.75% or BMO's prime lending rate plus 1.00% to 1.75%, based on the company's overall leverage. The company will pay a fee on the unused commitment amount of up to 0.35% per annum.