UMH Properties Inc (XTAE:UMH)

₪ 69.44 0 (0%) Market Cap: 5.51 Bil Enterprise Value: 8.50 Bil PE Ratio: 147.69 PB Ratio: 2.75 GF Score: 65/100

UMH Properties Inc at NAREIT REITweek: Investor Conference Transcript

Jun 07, 2023 / 02:15PM GMT

Release Date Price: ₪58.35

Transcript

Jay McCanless

Wedbush Securities - Analyst

Good morning, everyone. My name is Jay McCanless. I'm one of the senior analysts with the Housing and Housing Finance Group at Wedbush Securities. Pleased to be joined today by UMH's CEO, Sam Landy; CFO, Anna Chew; and COO, Brett Taft. After Sam makes his opening remarks for UMH, we're going to -- I've got a few prepared questions, and then we're going to open up to audience questions as well. So, with that, Sam, take it away.

Sam Landy

UMH Properties, Inc. - President & CEO

Thank you. It's our pleasure to be here again today. We have our Chairman here, Eugene Landy, the founder of the company. Eugene Landy saw his first manufactured home back at Expo 67 in 1967.

If we look at Jim Clayton's book, First A Dream, written in about 2002, you could imagine that 10 million manufactured homes have been produced since about that time. And so that's 10 million households that accepted our product has a quality affordable place to live. And so, what UMH has done in all these years, we acquire communities and for

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