Earnings Call - UMH PROPERTIES INC

it started in freehold back in 68 with a simple dream it still remains building homes folks can't afford and opening up a stronger door from small town streets to county lines putting you first one home at a time, not just walls and windows bright, but peace of mind when you turn out the lights. I love you guys' company. I work with a lot of the national companies, and I will say that you guys are one of the ones that truly care about that end customer, and i really appreciate that as a manufacturer, knowing that my homes are going and being well taken care of. When the cost of living climbs, everybody deserves a place to shine. A front porch swing, a yard to grow, a place where roots can finally hold umh properties affordable living for families umh property the american dream for you and me from jersey rose to tennessee ohio towns and carolina trees Michigan nights and Georgia skies A place where hope can come alive What other community takes such care of the children that they provide a backpack for every child filled with everything that child needs to start school? For the teacher heading home at dawn For the parents trying to carry on For the worker putting long days in For the kid with a bike and a couple good friends From Amazon to Indiana Rain from Florida coast to P.A. Lane Maryland mornings, New York lights A place to build a better life The quality of the homes I hear are beyond what I could imagine. I love it here. I remember it. When people are welcoming, it says a lot about the manager. You don't need to have a property company in the community as well. and the world keeps moving fast to build communities made to last a safe strong home a steady hand a future families know they can UMH properties affordable living for families UMH property the American dream for you and me the management here is phenomenal I get a lot of compliments about my house I love my balcony, my private shed, my private parking. From Jersey Roads to Tennessee Ohio towns and Carolina trees Michigan nights and Georgia skies, a place where hope can come alive From the very first community to every town across the state, built on trust and dignity and putting people first each day. No matter where the highway bends, there's room to dream again and again. A place to stay, a place to grow, a places that feels like home. UMH Properties, affordable living for families UMH properties the American dream for you and me from New York down to Tennessee Indiana fields and Jersey streets Florida sunsets Ohio snow which stronger communities can grow UMH properties when you first saw the sea UMH properties It's the American dream for you and me. All of you have a career with UMH Properties. All of you community managers have the opportunity to increase your income by selling homes. You could sell old rental units, you could sell new homes, you can broker home sales. We maintain the communities and we invest in improving our communities. Our great communities should add value to the homes. If you can sell those homes, you can increase your outcome and you can satisfy people's need for quality affordable housing. We thank you for all the great work you do every day. We thank you for bringing us to this great point we're at. We believe that the Road to Housing Act provides fantastic opportunities for us for the future, our ability to finance more home sales, use two-story houses, duplex houses. It's never been a more exciting time to be in our industry, and we are so glad all of you are with us and ready to bring this company forward. Hello, everybody. I'm Eugene Landy, and I'm chairman of the board of UMH Properties, Inc. I'm a very proud chairman and I just want to share with you some excerpts from a letter I just received where a very prominent person in the real estate industry says very nice things about UMH and all the things we've accomplished depend on our staff, our people who work with the management and our president and our board of directors and I'm just sharing with you the the person has looked at our operation and he uses the adjective it's really incredible you've done an outstanding job and that we should be very proud of the company we we've done and what I'm point I want to make with you is we're now getting recognition this has been a year of accomplishment We have the housing bill that was changed. We've made great advances in our communities. And now the investment community is beginning to recognize that we're in a great industry and UMH is the leader. I miss most of all being with my coworkers who have really built a great company. And you can be also proud of it. And we have much more to do, and we're going to do it. We're going continue to be the leader in the industry and all the new innovations, the two-story home and the communities that we're gonna build and opportunity zones and the financing for our residents. And I'll say to you again, the important thing is our mission statement and the fact that we fully consider all the people in our realm. Most of all, unlike some companies, we consider the residents first. It's the basic rule of business. The customer is always right. The customer has to be satisfied. If we sell them a home, we want to make money on it. We want the customer to make more money on the home. When the customer saves $10,000 a year living in our community, then we're very happy. If we satisfy the customers, our customers vote, the government is happy and if we fill our parks the company makes a lot of money and our investors are happy. So hello to you today. I really won't say I'm missing the meeting. I'm just coming to you in a different mode. Bye.