UMH Properties Inc. (NYSE:UMH) Q3 2019 Earnings Conference Call - Final Transcript

Nov 08, 2019 • 10:00 am ET

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UMH Properties Inc. (NYSE:UMH) Q3 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
Eugene W. Landy

in her remarks we have very low leverage and we have the ability to borrow a substantial amount on our communities and we don't think it's necessary to continue to sell our equity. So we want to keep as close to the 40 million shares outstanding for the future and our capital base will continue to grow through the preferred stock which we think is a great deal both for the investor and for the company.

Analyst
Craig Kucera

Okay, thank you.

Operator
Operator

Again, if you have a question, please press star than one appears to be no further question. [Operator Instructions]

There appears to be no further question. This concludes our question-and-answer session. I would now like to turn the conference back over to Samuel Landy for any closing remarks.

Executive
Samuel A. Landy

Thank you operator. I would like to thank the participants on this call for their continued support and interest in our company. As always Gene Anna and I are available for any follow-up questions. We hope to see you at the NAREIT conference later this month and we look forward to reporting back to you in March with our year-end results. Thank you.

Operator
Operator

This conference is now concluded. Thank you for attending today's presentation. The teleconference replay will be available in approximately one hour. To access this reply please dial U.S. toll-free 1 877 344-7529; or international 1 412 317-0088. The conference ID number is 10134882. Thank you and please disconnect your lines at this time.