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Investment into U.S. Real Estate Market Risen – 3 Year Trend, Says Marcus & Millichap CEO Hessam Nadji

June 28th, 2019 Comments off

 

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A new research report by Marcus & Millichap reflects a three-year trend of rising direct investment into U.S. real estate.  Marcus and Millichap (MMI) is involved in the manufactured housing industry, and in other commercial real estate sectors.  They are among the firms our evening market report tracks that are connected to manufactured housing, with last night’s closing numbers found at this link here.

 

In a release to the Daily Business News on MHProNews, MMI provided this video by left-of-center CNBC along with highlights of some of their findings.

  • CNBC featured Marcus & Millichap’s President and CEO Hessam Nadji. European Investors Attracted by US Economy. U.S. Commercial Real Estate Offers Compelling Yield and Growth Opportunity to Global Investors.

·        Why global capital flows into U.S. CRE have increased

·        Variations among markets across the U.S.

·        REIT, institutional and private investor trends

 

 

 

First quarter GDP for the U.S. was recently confirmed at a 3.1 percent growth rate. While the U.S. trade and other tussles with nation’s around the world has drawn reams of negative digital ink, it is reports like this by Nadji that reflect the reality that hundreds of billions of dollars has flowed into the U.S. for investment purposes since the 2017 tax cut went into effect. Coupled with regulatory roll-backs, the investment environment has improved for businesses of all sizes.

Something has gone right with the U.S. economy.  Perfect?  Absolutely not. Better? To the objective mind, the data Nadji and others cite is clear. Of course, the economy has improved. Sure, more can be done, with the right policies and business climate.

Facts, evidence, reason, and history provide a lens for objectivity. When investors and businesses are craving as much certainty as they can obtain, this MMI report directly and obliquely reflects that a good start has been made.  What happens next is up to “We, the People.” That’s why discerning what happens on November 3, 2020 – election day – matters.  

On May 13, 2019, Nadji did the video below on housing.  He makes a statement that may be a mis-phrasing, that ‘people prefer to rent.’  That there are some 111 million renters, per Apartment List, is beyond question. But prefer to rent?  Doesn’t other research reflect that most renters, given the opportunity want to be homeowners? So says the National Association of Realtors and other evidence confirms that trade group’s findings.  The American dream has never been about renting affordably. It has been about owning, building equity and wealth, and passing it onto the next generation. 

That point aside, Nadji makes several apt observations about forces that impacted the housing market in the last year or so.  Take a look and listen. 

 

 

Housing and related is a multiple trillion-dollar market annually. It has often been said that housing and automotive are among the key drivers of the U.S. economy.  Yet, manufactured housing is underperforming.  That causes objective minds to ask, why?

We’ll pull several thread together in an upcoming report that will once more have that as a bottom line.  The opportunity for manufactured housing professionals has perhaps never been better.  Study after study by third parties reflect the potential.  Research reports by third parties reveal that the quality and value proposition for manufactured housing has been proven for decades.

 

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In a series of direct quotes in context, a document from 21st Mortgage signed by their president Tim Williams, Warren Buffett’s direct quotes from that same year’s annual letter, and video recorded comments by Kevin Clayton, all line up in what attorneys who reviewed it see as ‘smoking gun’ evidence of antitrust violations. They demonstrate how thousands of independent retailers, communities, and several producers – among others – where purportedly directly harmed by action that could be deemed an antitrust violation. See for yourself: https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

What’s been largely overlooked in the industry’s trades until reports here and on our sister site began to unravel the evidence and money trails are the role played by what our management and others in the industry believes are clear evidence of market manipulation that artificially suppressed our industry and outcomes. The goal? Arguably for the purposes of consolidation at a discount while eluding regulatory scrutiny. Clayton, 21st Mortgage Corporation, the Manufactured Housing Institute (MHI), and their outside attorney have repeatedly declined comment on these concerns.  If there is nothing to hide, why are they hiding?  The MHI breakaway NAMHCO and MHARR exist precisely because they had no confidence in MHI, which many believe is dominated by various big boy companies, including those owned by Omaha, Nebraska based Berkshire Hathaway. 

 

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Never forget that even during medieval times, castles and their moats were in fact breached.

That’s today’s second episode of “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)

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Rent Controls and Manufactured Housing Restrictions Targeted in New Presidential Executive Order

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

Independent MH Communities, Retailers – NAMHCO’s Susan Brenton Says What Fueled Break from Manufactured Housing Institute (MHI)

President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates

 

 

 

 

 

 

 

 

Fed’s Powell “Remarkably Positive Outlook,” Plus Manufactured Housing Market Updates

October 2nd, 2018 Comments off

CNNmoney10.1.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere is a steady stream of positive economic, consumer confidence, business and investor confidence news. The positive economic news stands in stark contrast to the roughly last 9 years before the 2016 election, when huge borrowing and a series of “QEs” – “Quantitative Easing” – artificially propped up an economy that was being strapped down by heavy regulations and taxes too.  Today, Federal Reserve Chairman Jerome Powell talked at an economic forum about the economic outlook, which will be our focus report for this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

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Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

 

Select bullets from CNN Money…

  • Tencent Music plans to go public on US exchange
  • The markets are soaring. How should investors play it?
  • A llama, bagel and frisbee: Apple’s new iOS 12.1 emoji
  • Tesla calms fears with strong sales numbers
  • Uber hires Expedia exec to fill HR role
  • Volkswagen dumps jailed Audi CEO amid emissions probe
  • Can GE’s new boss right the ship?
  • GE unexpectedly removes its CEO
  • Goldman Sachs’ new CEO has a lot of work to do
  • Goldman Sachs slants research to help Democrats, top White House adviser says
  • New York Times says it was a mistake to enlist writer who posted anti-Kavanaugh tweet to report on him
  • Microsoft co-founder Paul Allen is being treated for cancer
  • Stocks pop after new US-Canada-Mexico deal
  • Jemele Hill is joining The Atlantic
  • Don’t fall numb to this Facebook hack
  • There was only one White House press briefing in the entire month of September
  • California has a new law: No more all-male boards
  • Katie Couric: News need more diversity at the top
  • Washington Times settles lawsuit with Seth Rich’s brother, issuing a retraction and apology
  • California just passed its net neutrality law. The DOJ is already suing
  • Elon Musk agrees to pay $20 million and quit as Tesla chairman
  • Facebook hack exposed 50 million users’ info
  • New York DA probing allegations of sexual misconduct at CBS
  • Murdoch family made big money off the Disney-Fox deal
  • SEC charges LendingClub unit with mishandling investors’ money
  • 10 years after the crisis, some investors are still scared of stocks
  • Amazon’s newest physical store has a twist
  • JCPenney now has no CEO or CFO
  • These 3 startups are here to save local news in their communities
  • Ted Turner reveals he has dementia
  • How to catch up on retirement savings in your 50s

Select Bullets from Fox Business

  • Dow continues to rally, climbs to new record
  • Online sales taxes take effect in these states
  • High-tax New York towns to battle IRS over SALT cap workaround
  • What went wrong at General Electric
  • Why these stores will be closed on Thanksgiving
  • Amobee CEO Kim Perell, a self-made millionaire, reveals the secret to success
  • The Air Force is getting a new uniform
  • As a newly-minted US citizen, I did not sign on to the rule of a Democrat mob: Varney
  • C. Penney taps Jill Soltau as new CEO to lead turnaround
  • CEO departures are on the rise. Here’s a list of the big ones
  • New trade deal unites US allies against China: Kevin Hassett
  • The key parts of Trump’s new trade deal with Canada, Mexico
  • Wilbur Ross: New NAFTA deal a ‘win’ for US dairy
  • Auto sales dinged as interest rates spike
  • Musk tells Tesla employees to prove ‘naysayers’ wrong
  • Delta partners with CarePod to improve pet travel
  • Fed reportedly reconsiders standards of a big bank
  • Facebook could face massive fine in Europe after data breach
  • Amazon raises minimum wage to $15 for US employees
  • NASCAR Cup Series race team is a family affair
  • TriStar Motorsports keeps a family tradition alive at the racetrack.

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance10.2.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

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Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Among the points that left-of-center CNBC rarely mentions when it comes to the FED and the economy today vs. the Obama era is this.  QE was a fancy phrase for ‘printing money’ by the FED. It was an artificial way of propping up the economy.  Besides all the positive economic news, often overlooked is the fact that the Federal Reserve has been “unwinding” those holdings that kept the markets artificially higher.

Wolf Street, not CNBC, reported in August that “The plan calls for shedding up to $420 billion in securities in 2018 … Since the beginning of the QE-Unwind, the Fed has shed $129 billion in Treasuries. … In total, $61 billion in MBS have been shed since the beginning of the QE unwind.” 

That’s arguably another example of how a media outlet’s hidden agenda can subtly-to-boldly ‘spin’ the news.  It’s one of several reasons why MHProNews cites headline bullets each evening from CNN Money and Fox Business, which at least provides some balance to the otherwise hyper-partisan way that news is often reported.

That said, let’s look at what CNBC said this evening about Chairman Powell’s comments.

 

  • Federal Reserve Chairman Jerome Powell cited a “remarkably positive outlook” for a U.S. economy enjoying both low unemployment and inflation.
  • A reporter asked Powell after last week’s Fed meeting whether the outlook was too good to be true,” and he said it was “a reasonable question.”
  • In a speech Tuesday, the central bank chief said the jobless rate is running at 3.9 percent and inflation is around the Fed’s goal of 2 percent. Historically, low unemployment has fueled inflation and sometimes has forced the Fed into hiking interest rates rapidly.
  • While these two top-line statistics do not always present an accurate picture of overall economic conditions, a wide range of data on jobs and prices supports a positive view,” Powell told economists at a Boston conference. “In addition, many forecasters are predicting that these favorable conditions are likely to continue.”

Related Reports:

Near All-Time Record, Confidence Means MORE Sales and Business

USMCA: President Trump Announces NAFTA Replacement Promise Made, Kept – Stocks Soar, plus MH Market Updates

“Results vs. Resistance,” Cutting Fog with Facts for MHVille

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

10.2.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Blackstone Brilliantly Bets Big On Manufactured Housing, Enters Manufactured Home Communities Contest

July 27th, 2018 Comments off

 BlackstoneGroupBXEntersManufacturedHousingBigBuyManufacturedHomeCommunitiesTriconLifestyleLogoDailyBusinessNewsMHProNews550x315

 

Blackstone Group LP has made its first bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group Inc., according to people with knowledge of the matter,” said Bloomberg earlier today.

As the Daily Business News on MHProNews reported earlier this month, Tricon sold their portfolio to an undisclosed buyer.  Bloomberg says that buyer is The Blackstone Group (BX).

Sale of $172 Million Manufactured Home Community Portfolio Completed

“…a principal investor and asset manager focused on the residential real estate industry, has completed the previously-announced sale of its 14-park manufactured housing investment vertical known as Tricon Lifestyle Communities (“TLC”) to an institutional asset manager for a gross transaction value of approximately $172 million.”

A Blackstone representative declined to comment and a Tricon representative didn’t respond to requests for comment,” said Bloomberg.

Manufactured housing communities are comprised of prefabricated homes often located near common facilities such as pools and recreation halls. This area of real estate is in favor with investors, in part because of the rising costs of homebuilding. The average price of a new manufactured home in the U.S. was $73,400, according to U.S. Census Bureau data that was last updated in February,” was Bloomberg’s better-than-average mainstream media description of the industry.

Blackstone isn’t the first institutional investor to dive into manufactured housing,” their report correctly noted. “Singapore’s sovereign wealth fund GIC Pte. in 2016 was part of a group that acquired a majority stake in YES! Communities.”

TriconLifestyleCommunitiesManufacturedHousingLandLeaseBusinessDailyBusinessNewsMHProNews

Tricon announced that they planed ‘an orderly exit’ from manufactured home communities in 2018, per a 2017 company statement. The details of that deal are now becoming more clear.  Given their size, this has the potential to be as significant to the industry as Berkshire Hathaway’s entry into manufactured housing in 2003. 

Centerbridge Partners LP was an early investor in Carefree Communities Inc., which was acquired by Sun Communities Inc. in 2016. Apollo Global Management LLC owns a majority stake in Gold River, California-based Inspire Communities and Carlyle Group LP has also been active in the sector,” wrote Bloomberg’s Gillian Tan.

Evercore ISI analysts said in a note this month that they expect manufactured housing fundamentals to remain strong,” said Tan, “with projected core same-store net operating income growth of 4 percent to 4.5 percent annually over the next three years, substantially above the 2.5 percent average growth the firm expects from U.S. real estate investment trusts.”

Equity LifeStyle Properties Inc. and Sun Communities, two REITs with sizable exposure to manufactured housing, have both outperformed the Bloomberg U.S. REITs Index over the past 12 months,” per Tan’s report.

 

About Blackstone

Our investments are designed to preserve and grow our limited partners’ capital, provide financial security for millions of retirees, sovereign wealth funds, and other institutional and individual investors, and contribute to overall economic growth,” per the “Who We Are” on their corporate website.

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. The firm was founded in 1985 by Stephen A. Schwarzman, our Chairman and Chief Executive Officer, and Peter G. Peterson, who retired as Senior Chairman in 2008,” per the company.

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Thirty years later, we are a firm of nearly 2,300 employees in 25 offices worldwide. Our portfolio companies employ more than 460,000 people across the globe,” which also touts that “At Blackstone, we apply our capabilities as a leading global investment firm to deliver solutions, unlock value and propel growth. The capital we deploy on behalf of our investors fuels the development of businesses and communities. The investments we make are the wellsprings of future opportunity. Through this work, we seek to ensure a secure retirement for millions.”

Blackstone has been added to our Daily Business News evening closing ticker for manufactured home industry connected tracked stocks.

For those not yet familiar with the appeal to the manufactured home industry, or the communities sector, the related reports further below will prove insightful. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

 

 

 

Related Reports:

Realtor University, Journal for the Center of Real Estate Studies, Makes Corrections– “The Market for Manufactured Homes,” by Scholastica ‘Gay’ Cororaton, CBE

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

Hundreds of New Manufactured Home Communities Opened, But How Many Have Closed? Industry Research Result$

“Why Advocates Need to Rethink Manufactured Home Quality,” Harvard, GSE, Genz, “High Satisfaction”

 

Alpha Touts Manufactured Home Communities for Healthy Boomers are Becoming Hot Investments

December 19th, 2014 Comments off

sun-communities=credit-posted-daily-business-news-mhpronews-com-Think that investing in a “senior” community means assisted living or nursing care? Think again. Many of today’s seniors are fit and healthy and living an active lifestyle. Many live in country-club-like manufactured home communities (MHCs) that feature pools, fitness facilities, game rooms, shuffle board, and assorted other amenities that appeal to fit and healthy seniors.

Who is singing such praises about investing in manufactured home communities?

Seeking Alpha (SA), a website focused on stock market news and financial analysis, extolls the wisdom in investing in Real Estate Investment Trusts (REITs) that cater to active seniors. SA profiled Sun Communities, Inc. (NYSE:SUI).

Besides operating all age communities, Sun has tapped into the expanding group of healthy and active seniors.

Their wisdom is confirmed by several sources including Care REIT (NYSE:HCN), which says that ”the number of people aged 75 and up is set to increase five times faster than the overall population.” That means that between 2014 and 2034 the number of people older than 75 will nearly double, going from 28 million to 52 million.

Other studies show that 85 percent of the 75 to 84 group doesn’t need help, and that 60 percent of the 85+ group doesn’t need a lot of help. It seems that REITs that provide housing to healthy boomers are set to see even more residents.

Obviously benefiting from this information, Sun Communities is taking steps to increase its holdings. Currently, this organization is involved in a $1.32 billion acquisition that will increase their holdings to 245 communities with approximately 90,000 home sites. More than half of these are located in Florida and Michigan. The deal, says SA,expected to increase funds from operations between 5% and 8% next year once the multi-step deal is fully completed.”

Alpha didn’t mention Sun’s recent $258 million deal for 7 MHCs in the Orlando FL market, but MHProfessionals focused on the land lease community sector didn’t miss that or its implication.

Such interest in MHCs is good news for the manufactured housing industry.  Older people, often being careful with their assets, often have the money to purchase a nice manufactured home in one of these choice communities. This appears to be a segment of the population on which manufactured housing professionals can cultivate and depend upon. ##

Related Stories:

(Photo Credit: Sun Communities)

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Sam Zell says, Open the Kimono

November 20th, 2013 Comments off

sam-zell-nareit-reitworld-2013-lunch-speaker-credit-globest-posted-daily-business-news- (1)Sam Zell told the REIT (Real Estate Investment Trust) Industry in San Francisco, “Open Kimono, total transparency.” That was the key to success for REITs, said the chairman of Equity Lifestyle Properties (ELS), Equity Group Investments (EGI) and Equity Residential (EQR). Zell said that when the government passed the original REIT Act, the purpose was to create an opportunity for the “little old lady of Pasadena” to be able to invest and own a piece of America’s commercial real estate. “The whole concept that we were wrestling with in 1993 was how we could fulfill that objective.” globest tells MHProNews. “If you believe that the US position as a reserve currency is very important, than you have a leadership responsibility to take steps to protect it and I don’t think it is happening, and the risk is huge.” words that echoed our earlier report, “Our Way of Life is Very Much Threatened.” Zell add that “Every time the Government interferes and try to deter the rules of economics, it doesn’t work.”

A related Sam Zell story can be found in the Industry In Focus reports, linked here. ##

(Photo credit: globest)

UMH to Pay Dividend

April 9th, 2013 Comments off

UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by 1.23% at 10.73, which is also its fifty-day moving average. The company earned 0.10 earnings per share in its last reported quarter. UMH owns and operates 68 communities comprised of 12,800 homesites, having recently acquired Holiday Mobile Village, a 274 site MHC in Nashville, Tenn., as we posted April 3. The company also maintains a portfolio of REITs.

(Photo credit: UMH Properties)

UMH: A Profitable REIT

March 28th, 2013 Comments off

InsiderMonkey reports UMH Properties (NYSE:UMH) generates an average of $391 for each of its 10,644 homesites. With vacancies around only 20 percent, involvement in manufactured homes sales and rentals, and no exposure to commercial or retail properties, it is wildly profitable. Although it is considered a small-time real estate investment trust (REIT), its seven percent dividend yield is secure. UMH increased its portfolio by 11 percent in 2011 and 20 percent in 2012, and has an $18.3 million preferred stock portfolio. The firm’s current $39 million in equity securities of other REITs rises when it has cash not working elsewhere. MHProNews follows the company’s stock—in trading March 27 it closed down -0.10 at 10.24.

(Photo credit: UMH Properties, Inc.)

UMH Issues Financials for 2012

March 12th, 2013 Comments off

PRNewswire reports from Freehold, NJ, MHC owner operator UMH Properties, Inc. announces its financials for 2012 and the Q4 2012. Its Core Fund from Operations (FFO) grew from $9,218,000 for the year ending Dec. 31, 2011 to $10,010,000 year-over-year 2012. Total income increased from $39,313,000 in 2011 to 46,828,000 in 2012, while net income attributable to common shareholders fell from $2,040,000 in 2011 to $1,749,000 in 2012. For the quarter ending Dec. 31, 2012 total income rose to $12,606,000 from $11,026,000 for the same quarter of 2011. Net loss attributable to common shareholders increased from $147,000 for Q4 2011 to to $559,000 Q4 2012. During 2012 UMH acquired 17 Communities containing a total of 1,700 developed home sites for $47.6 million. Assets in 2012 grew from $223.9 million to $300.2 million. As MHProNews understands, UMH owns and operates 67 manufactured housing communities comprised of 12,500 developed homesites in seven states. It also owns a portfolio of REITs. Says President Samuel A. Landy, “The Company is very well positioned to continue to execute its growth strategy and anticipates additional acquisitions in 2013.”

(Image credit: UMH Properties, Inc.)

Sun is Shining

February 18th, 2013 Comments off

SeekingAlpha tells MHProNews MHC owner Sun Communities, Inc. ranks number five of the REITS (real estate investment trusts)in the tax advantaged and high yield sector with a 5.56% annual yield. The Dow Jones REIT Index peaked at 356 in 2007, dropped to 86 two years later, and came back to 280. Sun owns 159 properties, 141 of which are manufactured home communities. 49 percent of the 2012 dividend was taxable. Sun closed up +0.88% Friday at 45.69.

(Image credit: Sun Communities, Inc.)

Sun Shines Again

November 19th, 2012 Comments off

According to SeekingAlpha, the Dow Jones Equity REIT (real estate investment trust) Index rose quicker than popular stock averages until the beginning of 2007, then fell from a high above 360 to a low under 100, and for the last two years has been over 200. REITs are considered yield securities, and many dividends have tax advantage. As MHProNews has learned, REITs buy or build additional properties to increase their rental income to obtain added dividends. Sun Communities, Inc. is identified as one of the REITs with a high stock yield at 6.6% and largely tax free. Sun operates 165 MH and RV communities with over 57,000 developed sites.

(Photo credit: Sun Communities, Inc.)