In a video interview at REITWeek 2016:NAREIT’s Investor Forum, Sam Landy, President and CEO of UMH Properties, Inc. (NYSE:UMH), commenting on the 31 percent increase in core funds from operations (FFO) in Q1 2016, said: “It’s what we have been planning going back about six years when we started doing our acquisitions. If we improve the properties, add rental units, add marketing, the revenue’s going to go up, and it’s going to bring the FFO up.”

When asked what the next six months will bring for UMH, Landy says, “Eventually people are going to see that we are creating these results on a consistent basis which will drive the stock price up. Another exciting thing is, we may do our first rental-only community. Freddie Mac may be able to finance our community and our houses at their sub-four interest rates. It will be the first rental-only community in the country financed by Freddie Mac.”

As MHProNews knows, UMH owns and operates a portfolio of 98 manufactured home communities in seven northeast states, and also owns a portfolio of REIT securities. ##

(Photo credit: reit.com-Sam Landy, President and CEO of UMH Properties, Inc.)

Article submitted by Matthew J Silver to Daily Business News-MHProNews.