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Equity LifeStyle Properties Inc. (ELS), a real estate investment trust specializing in manufactured housing communities, beat analysts' expectation for the 2009 third quarter. Thanks in part to a jump in operating revenues from properties to $123.8 million from $108.3 million during the same three months of last year, the REIT reported higher funds from operations (FFO) for the period. FFO climbed to $28.8 million, or $0.82 per share, from $22.7 million, or $0.74 per share, year over year. Analysts had expected FFO to grow only to about $0.77 per share. Income from home sales was up as well, settling at $1.5 million compared to a $0.7 million loss in 2008 third quarter. For the upcoming quarter, ELS is expecting FFO somewhere between $0.60 and $0.70 per share, in line with analysts' predictions of $0.66 per share. For fiscal year 2010, the company's preliminary forecast calls for FFO of $3.39 to $3.59 per share and growth of 1 percent to 1.5 percent in core property revenue compared to 2009. After the financial results were announced on Oct. 19, the REIT's shares rose by $0.65 to close day trading at $45.11.

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From "LifeStyle Properties Q3 Earnings Rise; Tops Estimates; Provides Preliminary Guidance for FY10" RTTNews (10/19/09)

Daily Business News Briefs

Housing Market Index Posts Largest Gain in over Ten Years

Housing Market Index Posts Largest Gain in over Ten Years

For the first time in seven years, builder confidence for newly-built single-family homes has surpassed the 50th percentile mark, which indicates builders see the market as good rather than poor. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) gained eight points to 52. Based on a survey the NAHB has been...

17 Jun 2013

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Affordable Modular Homes Available; Applicants’ Credit Lacking

Affordable Modular Homes Available; Applicants’ Credit Lacking

The North East Community Action Agency (NECAC) in Hannibal, MO has joined the Next Step Network which gives them the opportunity to buy modular homes from Clayton Homes at 10-15 percent below market price. The goal is to provide low cost housing for people of modest means. Carla Potts, NECAC’s deputy director for housing development, [...]...

17 Jun 2013

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Universal Forest Products, Inc. Spikes; Three Major Indexes Gain

Universal Forest Products, Inc. Spikes; Three Major Indexes Gain

Even though investors are edgy about the possibility the Federal Reserve will announce Wednesday that it will begin to wind down its quantitative easing, the markets managed to advance for the day, with the Dow picking up over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +0.73 percent, +109.67 points, to end the [...]...

17 Jun 2013

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Home-building Spurring Gross Domestic Product

Home-building Spurring Gross Domestic Product

As of April 2013, home building employment totaled 2.1 million people, up nearly 100,000 in the last year, according to the labor department. Home building contributed 20 percent to the growth of the Gross Domestic Product (GDP) in the last six quarters. Residential Fixed Investment (RFI), the home building component of the (GDP), measures...

17 Jun 2013

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First State Manufactured Housing Association Awards Scholarships

First State Manufactured Housing Association Awards Scholarships

Delaware’s First State Manufactured Housing Association has announced the two winners of its annual $1,500 Manufactured Housing Scholarship Award for 2013. Both graduates of Sussex Technical High School, Bradley Collins graduated in 2011 and is in his third year at the University of Delaware, studying finance. As MHProNews has learned from...

17 Jun 2013

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Barclays: Home Prices will Rise Nearly Ten percent

Barclays: Home Prices will Rise Nearly Ten percent

MHProNews has learned from nationalmortgagenews that multinational banking and financial services company Barclays is predicting a 9.7 percent rise in U. S. home prices for 2013. According to the research report, the strong data for the first quarter, which exceeded expectations, indicates in 2014 house prices will rise another 7.2 percent....

17 Jun 2013

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Affordable Housing Award goes to Minnesota State Legislator

Affordable Housing Award goes to Minnesota State Legislator

According to what hibbingmn tells MHProNews, Minnesota State Representative Jason Metsa has been recognized by the Manufactured & Modular Home Association of Minnesota (MMHA) with its 2013 Friend of Affordable Housing Award for his efforts during this year’s legislative session. MMHA President Mark Brunner said, “Rep. Metsa was p...

17 Jun 2013

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Williams, Allen and others give Thumbs Up

Williams, Allen and others give Thumbs Up

Manufactured housing professionals have long known that an image building campaign would benefit the industry in many ways. So it’s no surprise that First State Manufactured Housing Association’s Jennifer Allen, Tim Williams from the Ohio Manufactured Homes Association and a number of other industry executives and professionals have...

16 Jun 2013

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Cavco Completes Acquisition of Fleetwood

Cavco Completes Acquisition of Fleetwood

Phoenix, AZ-based Cavco Industries, Inc., which owns 50 percent of Fleetwood Homes, Inc., has agreed to acquire the other 50 percent from Third Avenue Value Fund and an affiliate, according to nasdaq.com. Cavco will issue common stock to Third Avenue in consideration as per their original 2009 agreement in forming Fleetwood, which also includes...

14 Jun 2013

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Federal Reserve may Taper Stimulus Program this Year

Federal Reserve may Taper Stimulus Program this Year

With concerns growing over when the Federal Reserve Bank will slow its quantitative easing and the subsequent effect on the economy, of 39 economists and investment advisors surveyed, nearly two-thirds do not think it will begin before Dec. 2013, and some not till 2014. As MHProNews has learned from CNNMoney, while the intent of the [...]...

14 Jun 2013

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Three Major Indexes Tumble; Tracked Housing Stocks Close Mixed

Three Major Indexes Tumble; Tracked Housing Stocks Close Mixed

Mixed economic reports and concern over when the Fed may taper the quantitative easing that is pumping $85 billion into the economy troubled the stock market today. CNNMoney reports the Dow Jones Industrial Average fell -0.70 percent, -105.90 points, to end the week at 15,070.18. The Nasdaq dropped -0.63 percent, -21.81 points, to end the [...]...

14 Jun 2013

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Featured Articles and Reports - June 2013 Vol. 4 No. 9

Prev Next Page:

Do you Manage by Example?

Do you Manage by Example?

by Tim Connor Are you a manager or supervisor that needs to update your people skills, management style or your approach to your roles and responsibilities? Why do I ask? Read more

MARKETING

Too Much Information!

Too Much Information!

by Scott Stroud On the trip back from the MHI conference in Las Vegas last month I shared a flight with a young woman who was studying for her masters degree... Read more

MARKETING

Flying Cars and Manufactured Housing

Flying Cars and Manufactured Housing

by L. A. 'Tony' Kovach The number of prototype flying cars has been increasing. Reuters recently reported on a car that will have a 500 mile range, will essentially fly itself... Read more

MARKETING

That Bites!

That Bites!

by Nadeen Green, JD Those of us who teach (and yes, preach) about fair housing are regularly and routinely asked “Do we have to take restricted breeds as service animals?” Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Mildred!? Is that a Dog Parade?

Mildred!?  Is that a Dog Parade?

by Kurt D. Kelley, JD New Court rulings and Federal laws are opening the door to allow a parade of dogs and other animals onto your manufactured home community property(ies). Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

How Not to Apply for a Job

How Not to Apply for a Job

by: C. William Dahlin, JD Manufactured home communities, sometimes simply called “mobile home parks,” or even in some areas “trailer parks,” have a variety of employment needs. Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Call for Nominations to the RV/MH Hall of Fame

Call for Nominations to the RV/MH Hall of Fame

by RV/MH Hall of Fame ELKHART, Ind., --  The RV/MH Hall of Fame Selection Committee has issued a call for nominations for the Class of 2014. Darryl Searer, Hall president, said, "The... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Next Step: Our Story

Next Step: Our Story

by Stacey Epperson My name is Stacey Epperson and I am from rural Kentucky, where manufactured housing has always been part of my landscape. Ever since I left college, having served... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Marguerite Nader

A Cup of Coffee with…Marguerite Nader

A Cup of Coffee with…Marguerite Nader 1) Who, What and Where: (Your name and your formal title at Equity LifeStyle Properties (ELS)).Marguerite Nader, President and Chief Executive Officer. Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Joe Stegmayer

A Cup of Coffee with…Joe Stegmayer

A Cup of Coffee with…Joe Stegmayer 1) Who, What and Where: (Your name and your formal title at Cavco). Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

DC Politics and Manufactured Housing

DC Politics and Manufactured Housing

by L. A. 'Tony' Kovach Your industry issues scribe is not going to pontificate (much) on the topic of DC politics as it relates to manufactured housing, HR 1779 and the... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Get to Know Your Member of Congress

Get to Know Your Member of Congress

by The Honorable Paul E. Kanjorski Your Member of Congress wants to hear from you. He or she understands that to represent approximately 800,000 constituents it is essential to hear from... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

When was the last time you SWOT’d?

When was the last time you SWOT’d?

by Lisa Tyler A SWOT analysis provides information for the development of business strategies. It is a useful tool for identifying and understanding internal and external influences. Read more

MANAGEMENT

ZigOn Improving Your Quality of Life

ZigOn Improving Your Quality of Life

by Zig Ziglar A Gallup Poll revealed that by a count of ten to one Americans prefer a good relationship with their loved ones above financial gain or corporate position. The... Read more

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Who Packed Your Parachute?

Who Packed Your Parachute?

by Greg McClanahan My daughter is graduating from high school next week. She is our youngest and that means our nest is nearly empty. With this going on in my life,... Read more

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

A Few Negotiation Concession Strategies

A Few Negotiation Concession Strategies

by Tim Connor In big ticket or repeat business settings as often occurs in an industry such as manufactured housing at the retail or wholesale level, requests for discounts or other... Read more

SALES

US and Canadian Manufactured Homes Directory Locations

US and Canadian Manufactured Homes Directory