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Posts Tagged ‘CEO Sam Landy’

UMH CEO Sam Landy Touts and Tempers Manufactured Home Operation’s Expectations

April 10th, 2018 Comments off

SamLandyUMHPropertiesCEOPresidentNAREITDailyBusinessNewsMHProNews

UMH Properties (UMH:NYSE) has both touted and tempered the results and expectations that investors may have with respect to one of the largest players in the manufactured home community (MHC) sector.

 

To provide a balanced view of the latest reports on the manufactured home (MH) community REIT (Real Estate Investment Trust) – UMH Properties – to MH Industry Professionals and investors, one must take a step back and establish some context.

The Daily Business News is the only MH Industry trade media that tracks their and other stocks connected to manufactured homes.  We’ve done so for years. The closing numbers on the UMH stock last night are linked here.


 

 So MHProNews and MHLivingNews.com has directly engaged with UMH Properties for years, as well as tracked reports about them by others.  MHProNews has interviewed UMH President Sam Landy a number of times.

 

The videos posted are both from 2017, but are revealing and relevant precisely as background.  They reflect their leadership’s thinking and company facts in brief.

MHProNews will follow up in the near term with a deeper data dive into UMH, and what that tells us about the trends in manufactured housing in general, as well as in the community sector.

Related reports to the state of the manufactured home industry after the end of the first quarter of 2018 are linked below. ## (News, analysis, and commentary.)  (Third party images are provided under fair use guidelines.)

Related Reports:

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

Intelligence Report – MHI Producer Spotlights “the Plan” for MHCs, Community REITs

Sun Communities Annual Data and Manufactured Housing Industry Investor Presentation Highlights

Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Rentals Increasing for UMH; Date Set for Releasing Q2 2015 Results

July 3rd, 2015 Comments off

sam_landy__umh__carisa_chappell_slash_reitWith buyers experiencing difficulties finding financing to buy manufactured homes (MH), UMH Properties, Inc. (NYSE:UMH) President and CEO Sam Landy says the company is doing well with rentals and expects occupancy rates to reach “high 90 percent,” according to reit.

Noting that the company intends to add 500 rental units to its housing stock each year, he says business is thriving in Nashville, Pittsburgh, eastern Pennsylvania, and eastern New York. At a certain price point, we are basically unbeatable, and at that price point, we fill up,” he said. Landy added that the manufacturing-heavy regions in Indiana, Ohio and Michigan have proved more challenging.

As MHProNews knows, UMH owns and operates 92 manufactured home communities (MHCs) with 15,700 developed home sites. The company also owns a portfolio of REIT (real estate investment trust) securities.

Additionally, MHProNews has learned from prnewswire UMH will release its Q2 2015 financial results after the close of the New York Stock Exchange on Thurs., August 6, 2015. A webcast and conference call will follow on Fri., August 7, 2015 at 10:00 AM eastern time. Senior management will discuss the results and outlook for the future.

In trading today, UMH closed at $9.84 (-0.10%).##

(Photo credit: reit/Carisa Chappell–Sam Landy)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.