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Sunday Morning Weekly Recap Manufactured Housing Industry News August 20th to August 27th, 2017

August 27th, 2017 Comments off
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Week of Aug 13 to Aug 20, 2017.

Our new August issueOur theme for this month: Awful, Awesome August 2017 in MHVille

featured articles will be available on the MHProNews.com home page. Our May theme will be available mid-week this week.

 To see the line-up of over 2-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

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When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

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What’s New On MHLivingNews

Plastic Housing? The Amazing Story of Futuristic Micro-PreFab Homes, Video

$2 Million Houses – How do they stack up to buying a new Manufactured Home?

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Featured image credits, MHProNews/Pixabay.

 

August 25th, 2017

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Original photo credit, Pixabay, text and collage credit, MHProNews.com.

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August 23rd, 2017

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August 22nd, 2017

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Still from Inside MH video, credits, ManufacturedHomes, MHProNews.com.

August 21st, 2017

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http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/america-manufactured-housing-debate-over-minimum-wage/

August 21st, 2017

 

Killam Properties Reports Q4, 2016 Earnings

February 16th, 2017 Comments off
KillamPropertiesReportsQ42016EarningscreditKillamLondonOntarioCanada-postedtothedailybusinessnewsmhpronewsmhlivingnews

A Killam property in London, Ontario, Canada. Credit: Killam.

Killam Apartment REIT (TSX: KMP.UN) has reported its financial results for the fourth quarter and year ended December 31, 2016.

Killam generated funds from of operations (FFO) per unit of $0.21 in Q4 2016, a 5.0 percent increase over Q4 2015.

Similar to the results for the year, growth was attributable to higher earnings from the same property portfolio, lower interest expense from refinancing and the Q3 2016 repayment of $57.5 million of convertible debentures, and growth from acquisitions and developments.

 

Killam achieved same property revenue growth of 1.8 percent in in the quarter, attributable to increased rents of 1.6 percent and improved occupancy levels. The same property apartment portfolio achieved 96.1 percent occupancy during the fourth quarter, up from 95.7 percent during Q4 2015.

Killam delivered strong results in Q4, and for the year,” said Killam President and CEO Philip Fraser.philipfraser-presidentceokillamproperties-manufacturedhomecommunitiesdailybusinessnews-mhpronews

We achieved many successes during 2016, reflected in our financial performance: solid growth from our existing portfolio, strong demand for our recently completed developments, portfolio-enhancing acquisitions in our core markets, and interest expense savings. In addition, we strengthened our balance sheet with reduced debt levels and an expanded acquisition credit facility.”

Overall in 2016, Killam generated FFO per unit of $0.86, an 8.9 percent increase from the $0.79 generated in 2015. FFO growth was attributable to a 4.0 percent increase in same property net operating income (NOI), interest expense savings on mortgage refinancings and convertible debenture redemptions, and accretive returns from developments and acquisitions.

Killam also completed $71.5 million in acquisitions in 2016, contributing positively to net income, and their newest development, Southport Apartments, was fully leased by November and also positively impacted earnings in the year.

The benefit of our established development program stood out last year,” said Fraser.

The lease-up of Southport Apartments in Halifax exceeded our expectations and reinforced the opportunity to add value through developments. We are excited about our two current projects and our pipeline of over 1,000 units for future development. Development will continue to be an important part of Killam’s growth strategy going forward.

KillamPropertiesReportsQ42016EarningscreditBloomBerg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Killam 1 year look. Credit: Bloomberg.

Daily Business News coverage of the most recent acquisitions by Killam is linked here.

In addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario.

Killam is also one of the manufactured home industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews. For the recent closing numbers yesterday 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.

Killam Properties Makes Significant Moves

January 30th, 2017 Comments off
KillamReceivesRecommendationsFromRatingsFirmscreditRentalHousingBusiness-postedtothedailybusinessnewsmhpronewmhlivingnews

Credit: Rental Housing Business.

Canada based real estate investment trust Killam Properties Inc. (TSE:KMP.UN) tells MHProNews that the company has closed on two Canadian acquisitions worth $26.2 million, including 153 apartment units in London, Ontario, and 66 units in Calgary, Alberta.

On December 22, Killam acquired a five building portfolio in London for $13.4 million, or $87,500 per unit. Killam’s London portfolio now consists of 417 total rental units.

On January 16, Killam acquired Spruce Grove Lane Apartments, its second apartment property in the city of Calgary. The 3-acre site consists of 66 townhouse-style apartments, with a purchase price of $12.8 million, or $195,000 per unit.

KillamPropertiesMakesSignificantMovescreditRentboardCA-postedtothedailybusinessnewsmhpronewsmhlivingnews

Spruce Grove Lane. Credit: Rentboard CA.

philipfraser-presidentceokillamproperties-manufacturedhomecommunitiesdailybusinessnews-mhpronewsWe are pleased to grow our rental portfolios in both London and Calgary,” noted Philip Fraser, President and CEO.

We have been monitoring the Calgary rental market over the last year and Spruce Grove Lane Apartments, located in a sought-after residential neighborhood, has great upside. We have the opportunity to add value and grow net operating income at this property.

The acquisitions bring the company’s total for 2016 to $70 million, which exceeds management’s goal of $50 million in acquisitions for the year.

KillamPropertiesMakesSignificantMovescreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Killam 1 year look. Credit: Bloomberg.

Killam also received recommendations from rating agencies recently, with an average recommendation of “buy,” from TD Securities and “sector perform” from Scotiabank. That story is linked here.

As Daily Business News readers are aware, in addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario.

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

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

Killam Receives Recommendations From Ratings Firms

January 16th, 2017 Comments off
KillamReceivesRecommendationsFromRatingsFirmscreditRentalHousingBusiness-postedtothedailybusinessnewsmhpronewmhlivingnews

Killam President Philip Fraser. Credit: Rental Housing Business.

Canada based real estate investment trust Killam Properties Inc. (TSE:KMP.UN) received a number of recommendations from ratings firms recently, with an average recommendation of “buy.

According to Community Financial News, Canaccord Genuity decreased their price target on Killam Properties from C$14.00 to C$13.50 on January 5th.

Scotiabank reaffirmed its “sector perform” rating and set a C$13.75 target price on Killam shares in a report on November 2nd.

TD Securities reaffirmed its “buy” rating on Killam and issued a C$15.00 price target on shares of Killam Properties on October 11th.

KillamReceivesRecommendationsFromRatingsFirmscreditBloomberg-postedtothedailybusinessnewsmhpronewmhlivingnews

Killam 1 year look. Credit: Bloomberg.

As Daily Business News readers are aware, in addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario.

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

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

Killam Receives Updated Rating from Analysts

December 8th, 2016 Comments off
tdsecuritiesscotiabankrestatepositiveratingsforkillampropertiescreditglobeandmailtdscotiabankkillam-postedtothedailybusinessnewsmhpronewsmhlivingnews

Pictured: Philip Fraser. Credits: Globe and Mail, TD Securities, Scotiabank, Killam.

Killam Properties Inc. (TSE:KMP.UN) received a re-issue rating from TD Securities of “buy” in a research note published on December 1st.

The firm currently has a C$15.00 price target on the stock.

Other analysts have also issued reports recently:

  • BMO Capital Markets increased their target price on the company from C$13.00 to C$13.50 on August 8th.
  • Scotiabank reissued a “sector perform” rating and set a target price of C$13.25 on August 4th.
  • Raymond James Financial Inc. increased their target price from C$13.25 to C$13.75 and gave the stock an “outperform” rating on August 5th.
  • Canaccord Genuity moved from a “buy” rating to a “hold” rating and increased their price target for the stock from C$13.50 to C$14.00 on July 27th.
  • Royal Bank Of Canada increased their price target from C$13.00 to C$14.00 on August 8th.

Killam Properties stock presently has an average rating of “buy” and a consensus price target of C$13.97.

KillamReceivesBuyRatingfromAnalystscreditbloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

As Daily Business News readers are aware, in addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario.

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

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

Killam to Release Year-End Results

January 13th, 2014 Comments off

Canada’s Killam Properties, Inc. (TSX:KMP) will release its Dec. 31, 2013 year-end financials on Tue., Feb. 18, 2014 after the market closes. A live audio webcast and conference call to discuss the results will be held the following day, Wed., Feb. 19 at 10:00 AM eastern time, according to wsjonline.com. Based in Halifax, Nova Scotia, Canada, MHProNews knows Killam is one of the largest owners of manufactured housing communities in Canada.

(Image credit: Killam Properties, Inc.)

Killam Declares Dividend

August 20th, 2013 Comments off

Killam Industries, Inc. of Halifax, Nova Scotia, Canada announces it will pay stockholders of record as of Aug. 30, 2013 a dividend of $0.0483 per share on Monday, Sept 16, 2013. Two equities research analysts have conferred a rating of hold on the stock, five have assigned it a buy rating and one a strong buy rating, according to mideasttime.com. Killam opened at $10.11 today, Tuesday, Aug. 20. MHProNews knows Killam is one of the largest owners of manufactured housing communities in Canada with 9,290 home sites.

(Photo credit: Killam Properties, Inc.)