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Posts Tagged ‘earnings report’

Sun Communities Reports Q4 2016 Earnings

February 25th, 2017 Comments off

suncommunitiesquarterlyresults-creditssunmhpronews-manufacturedhousingindustrydailybusinessnewsmhpronewsSun Communities, Inc. (SUI) has reported its Q4 2016 earning results.

Total revenues for the quarter increased $50.4 million, or 30.0 percent, to $218.6 million compared to $168.2 million for the same period in 2015.

Net loss attributable to Common Stockholders was $1.6 million, or $0.02 per diluted common share, as compared to net income attributable to Common Stockholders of $89.4 million, or $1.56 per diluted common share, for the same period in 2015.

For the year ending December 31, 2016, total revenues increased $159.1 million, or 23.6 percent, to $833.8 million compared to $674.7 million for the same period in 2015. Net income attributable to Common Stockholders for the year ended December 31, 2016 was $17.4 million, or $0.26 per diluted common share, as compared to $137.3 million, or $2.52 per diluted common share, for the same period in 2015.

For the quarter, funds from operations (FFO) excluding certain items was $0.91 per diluted share as compared to $0.81 in the prior year, an increase of 12.3 percent.

For the year, FFO excluding certain items was $3.79 per share as compared to $3.63 in the prior year, an increase of 4.4 percent.

Home sales for Sun Communities increased by 27.8 percent as compared to the year ended December 31, 2015, and revenue producing sites increased by 301 sites for the quarter, bringing total portfolio occupancy to 96.2 percent.

Sun’s most recent results demonstrate the ongoing power of our platform. We achieved industry leading internal growth, increased or maintained occupancy for the 20th consecutive quarter and sold a record number of homes into our communities, while integrating our largest acquisition to date,” said Chairman and Chief Executive Officer Gary A. Shiffman.

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Sun Communities CEO Gary Shiffman, photo credit: Glenn Triest.

As we proceed through 2017, we are keenly focused on continuing to deliver exceptional results to our shareholders. Along with continuing to drive NOI growth from our core portfolio, we anticipate the most meaningful opportunities will come from value-add assets that we can reposition to deliver superior returns over the long term. Sun is well positioned to continue our track record of value creation.

Sun Communities Q4 and year-end 2016 earnings report linked here. ##

As Daily Business News readers are already aware, Sun owns and operates 338 manufactured home and recreational vehicle communities located in 29 states throughout the United States and Ontario, Canada. Sun Communities’ portfolio consists of approximately 117,000 developed sites. The firm has one of the largest portfolios of manufactured home communities in the United States.

Sun is also one of the industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Equity LifeStyle Properties to Release Q2 Financials

July 23rd, 2013 Comments off

Chicago-based, land lease community operator Equity LifeStyle Properties (NYSE:ELS) will announce its second quarter 2013 earnings report in a conference call Tue., July 23 at 11:00 AM. In its first quarter 2013 earnings data, ELS reported revenue of $190.59, beating the consensus estimate of $177.42. According to utahpeoplespost, the revenue for the first quarter increased 5.1 percent on a year-over-year basis. As MHProNews knows, ELS is the largest operator of manufactured housing and recreational vehicle communities in North America, with 383 properties comprised of 142,682 homesites.

(Photo credit: Equity LifeStyle Properties–Lake Haven, Clearwater, Fla.)

Cavco to Announce Quarterly Earnings Report

May 21st, 2013 Comments off

As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet: http://www.cavco.com under the Investor Relations link. The call will be archived using the same contact information for 90 days. The second largest producer of manufactured homes in the nation, Cavco designs and produces factory-built housing products under a variety of brand names including Cavco, Fleetwood, and Palm Harbor, and modular homes under the Nationwide Homes brand.

(Image credit: Cavco Industries, Inc.)

Cavco Releasing Financials

January 29th, 2013 Comments off

TradingCharts reports Cavco Industries, Inc. will release its earnings report for Q3 of fiscal year 2013 Thurs. Jan. 31 after the market closes. Senior officials will discuss the results in a live webcast Fri. Feb. 1 at 11:00 AM eastern time. Listen via Internet: http://www.cavco.com under the Investor Relations link. As MHProNews knows, Cavco, the second largest producer of manufactured homes in North America, also manufactures park model homes, cabins, commercial structures, and modular homes.

(Photo credit: Cavco Industries, Inc.)

Cavco to Release Financials

October 29th, 2012 Comments off

GlobeNewsWire tells MHProNews Cavco Industries, Inc. (Nasdaq:CVCO) will release its earnings report for the second quarter of fiscal 2013 Thurs., Nov. 1, 2012 after the close of the market. A live webcast conducted by senior management officials to discuss the results will follow the next day, Fri., Nov 2, at 12:00 noon eastern time. Interested parties may listen via the internet at http://www.cavco.com under the Investor Relations link. The call will be archived for 90 days at that same site. Headquartered in Phoenix, Arizona, Cavco is the second largest producer of manufactured housing in the U.S.

(Image credit: Cavco Industries, Inc.)

Cavco to Release Financials

July 31st, 2012 Comments off

Yahoo!Finance says Cavco Industries, Inc. will release its earnings report for the first quarter of fiscal year (FY) 2013 on Thurs., Aug. 2, 2012 after the close of the market. Senior management will conduct a live webcast the following day, Fri. Aug 3, 2012 at 12:00 noon eastern time to discuss the Q1 results. The call will be archived for 90 days for those unable to participate. As MHProNews knows, Cavco is headquartered in Phoenix, Arizona, and produces manufactured and modular homes as well as park model homes, vacation cabins, and commercial structures. The company also offers mortgage and insurance services to home owners.

(Image credit: Cavco Homes)

UFPI to Report Q2 Earnings Report

July 16th, 2012 Comments off

IstockAnalyst tells MHProNews.com Universal Forest Products, Inc. (UFPI) is anticipated by Wall Street to announce a $0.71 per share earnings report for second quarter, 2012 before the market opens Fri. July 20 with a conference by management immediately following. But iStockAnalyst‘s Rich Bieglmeier expects the report will be $0.84 per share because UFPI has a history of surprises. The company has posted gains of 6.8%, 10.3%, and 26% in three of the last four quarters. One possible barrier may be the increase in the price of lumber in the second quarter, but the author says the company manages its inventory well. UFPI supplies the manufactured housing industry with wood and wood alternative products.

(Photo credit: Tim Saville/General Truss)

Sun Communities Schedules Earnings Report

April 10th, 2012 Comments off

Yahoo!Finance tells MHProNews.com Sun Communities, Inc. of Southfield, Michigan will release its first quarter 2012 earnings report before the market opens April 26, 2012. A conference call will follow to discuss the report at 11:00 AM (EST) that same day. The conference call and replay will be available on Sun’s website—www.suncommunities.com. Sun has a portfolio of 162 MH and RV communities.

(Photo credit: SUN Communities, Inc.)

 

Cavco to Release Earnings Report

January 27th, 2012 Comments off

Yahoo! Finance tells MHProNews.com that Cavco Industries, Inc., will release its Q3 2012 earnings report Thursday, Feb 2, 2012 after the market closes. Friday, Feb. 3, 2012, senior management will host a live webcast at 11 AM eastern time to discuss those results. Headquartered in Phoenix, Arizona, Cavco is the second largest producer of HUD Code manufactured homes in the United States, marketed under Cavco Homes, Fleetwood Homes, and Palm Harbor Homes. Through its subsidiaries the company produces park models, vacation cabins, modular homes, and commercial structures. Cavco also offers mortgages for site-built and factory-built homes, as well as insurance for manufactured homes. For more information visit www.cavco.com.

(Graphic credit: Cavco Industries, Inc.)