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UMH Properties Inc. Message Board

  • arfulbark arfulbark Apr 10, 2013 11:57 PM Flag

    more research

    Yeah I meant 14%. Since then I had a look at places for sale in their parks. There are lots of them ranging in price from $6300 (32 years old, probably a real dog), rapidly far the the largest portion of the stuff for sale is in excess of $50,000. And I was wrong about exclusively double wides as well..........many of the places for sale at the lower end are single wides. None-the-less, I'm a long term investor with several thousand shares. A thing I like about the parks is that the land value is likely to only go up, and damage by tenants or other factors is unlikely in the first instance, and if any would be very small. Many of the parks have clubhouses and or pools, but some do not. All of the pictures show fairly spacious lots with some landscaping. I like that the company shows a little eps, unlike most other reits in the universe. I know the story about FFO, but like the additional pad of positive earnings. Wish I could find another one as appealing as this one, to spread out the risk.

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