Posts Tagged ‘manufactued home communities’

Sun Communities Distributes Dividend

January 20th, 2016 Comments off

Sun_CommunitiesMHProNews has learned from equitiesfocus that Sun Communities, Inc. distributed a dividend of $0.65 per share to its shareholders of record as of Dec. 31, 2015. The payout date was Jan. 15, 2016, and was the same amount as the dividend last year.

Earnings per share (EPS) one year ago were $0.69, while analysts expect EPS for 2015 to be $0.88. The company will announce its earnings report for 2015 on Feb. 23, 2016.

Sun owns and operates 235 communities, 183 of which are manufactured home communities, 25 are recreational vehicle communities, and nine are mixed MH and RV, comprising 88,400 developed sites. ##

(Image credit: Sun Communities, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sunday Morning Recap-Manufactured Housing Industry News Jan. 10 -Jan. 17, 2016

January 17th, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured

Bad and Good – Two Sides – Manufactured Home Living and News Reporting

What’s New in Manufactured Housing Industry Professional News

Ishbel Dickens refuses debate with Carla Burr over PBS NewsHour report. Part of MHC to close. Jurisdiction ready to impose master meter on MHC. Dems want Justice to Investigate Clayton. Manufactured homes go to pot. MH Reits return over 25 percent. Some protest, some accept modular homes in Dublin, Ireland. New tax law will only minimally contribute to affordable housing. New First Nations modular homes uninhabitable, while Green modular designed to last 300 years. Indiana city relaxes tough stance on MH siting. And much, much more in news and views for you to peruse.

Saturday, Jan. 16, 2016

Carlyle Group is one Resident Away from Updating Coastal MHC in CA

Friday, Jan. 15

Township Set to Impose Master Meter System on Manufactured Home Community

Cost of Extensive Utility Upgrades to MHCs will be Borne by all Ratepayers

Dow Plunges Nearly 400 Points; MHCV Drops Two Percent

New Tax Law will only Increase Affordable Housing Units Tepidly

Skyline Reports Earnings Per Share Increase

Manufactured Home Retailer Allegedly Absconds with Customers’ Funds

Thursday, Jan. 14

Government Sponsored Enterprises Grew Multifamily Loans in 2015

Skyline Gained Sharply, while the Dow reclaimed +227.64 points

Existing Home Sales Fall, perhaps due to New Disclosure Rules

Why did Ishbel Dickens/NMHOA decline a Debate with Carla Burr about PBS NewsHour’s Manufactured Housing Report?

Unique Homes may be Tough to Finance

Wednesday, Jan. 13

Portion of Manufactured Home Community to Close

UMH to Release Financials in March

Nobility Spikes, Patrick Falls, the Dow Plummets again

Manufactured Homes have Gone to Pot

Democratic Lawmakers want DOJ to Investigate Clayton Homes, lenders in wake of Seattle Times/BuzzFeed report

Balbriggan Neighbors Okay with Modulars in Neighborhood

Tuesday, Jan. 12

Aussie 578 Site Manufactured Home Community Iced

Problems with New Modular Homes Wreaking Havoc on First Nations Land

Skyline, Cavco, UFPI Gain in Three Figures; Dow Moves Up

Indiana City Relaxes Restrictions on Replacing Manufactured Homes

NW City Addressing Community Closures Proactively

Monday, Jan. 11

Plans for Modular Home Production did not Materialize

Green Modular Home Designed to last 300 Years

Dow Changes Direction; Several MH-related Stocks Look Up

Protests Mount against Modular Homes for the Homeless in Dublin

Manufactured Housing REITs Return Over 25 Percent

Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016 ##

(Photo credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sun Communities to Discuss Q3 Earnings

October 27th, 2015 Comments off

sun communnities communitySun Communities (NYSE:SUI) will host an earnings call for the third quarter of this year on Tue., Oct 27, 2015 at 1:00 PM eastern time, according to dakotafinancialnews.

For the quarter ending July 30, 2015 the real estate investment trust (REIT) posted earnings of $0.87 earnings per share (EPS), $0.04 better than the Thomson Reuters consensus. Earnings hit $165.90 million for the quarter, well above analysts estimates of $151.49 million, and revenue increased 40 percent over the same quarter last year.

Analysts project Sun will record $3.68 earnings per share (EPS) for the current fiscal year and $3.86 for the next FY. Sun Communities market cap is $3.78 billion and it has a P/E ratio of 119.51. The company has a twelve-month low of $53.44 and a twelve-month high of $71.40, closing up +0.53 percent at $70.64 Mon., Oct 26, 2015, very close to its high point.

The company paid a quarterly dividend of $0.65 per share on Oct. 16, 2015 to stockholders of record Sept. 30th, representing a $2.60 annualized dividend and a dividend yield of 3.70%.

Headquartered in Southfield, Michigan, Sun operates and owns a portfolio of around 217 properties situated in 29 states throughout the United States, including 25 recreational vehicle (RV) communities, 183 manufactured home communities (MH) and nine properties featuring MH and RV sites. The company has grown from 136 communities in April, 2011.##

(Photo credit: Sun Communities)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News MHProNews.