How to Grade the Condition of a Mobile Home Park Investment
Evaluating mobile home parks can help investors make informed decisions about their investments. A systematic grading approach allows you to assess a […]
St. Louis, MO
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Southern GA
Angola, IN
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Western Iowa
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Interested in learning more about Passive Mobile Home Park Investing?
Interested in learning more about Passive Mobile Home Park Investing?
The mobile home park REIT investing landscape has shown consistent resilience, even during volatile economic cycles. Mobile home parks form the foundation of affordable housing. They continue attracting attention from investors seeking stability and long-term growth. The four largest publicly traded REITs—Sun Communities (SUI), Equity LifeStyle Properties (ELS), UMH Properties (UMH), and Flagship Communities REIT (FLGMF)— typically dominate this niche. These companies offer valuable insights into the sector’s performance and future trajectory through their quarterly reports.
This blog examines their Q3 2024 performance. It highlights key metrics like occupancy rates, lot rent growth, and portfolio developments. By analyzing these metrics, we can understand the unique positioning of these mobile home park REIT investing companies. Whether you’re an experienced investor or exploring this asset class for the first time, these insights are aimed at helping you make informed decisions.
Check out the video summary below!
Sun Communities, Inc. (SUI) reported solid performance in Q3 2024, showcasing its resilience as a leader in manufactured housing and RV communities.
Sun Communities has shown consistent growth in NOI, lot rents, and occupancy rates over the past 12 months. Compared to other asset classes, its focus on affordable housing has helped maintain stability during economic uncertainties. The company remains poised for further success through strategic investments and operational efficiency.
View the full quarterly report HERE!
Click HERE for the latest investor presentation.
Download our FREE eBook on the Top 10 things to know BEFORE investing passively in mobile home parks!
Equity LifeStyle Properties, Inc. (ELS) reported a steady Q3 2024 performance, highlighting continued growth in its manufactured housing (MH) and RV community portfolio.
Equity LifeStyle Properties has sustained strong financial performance over the past year, with steady growth in rental income and NOI. While new home sales volumes have decreased compared to 2023, rent increases have bolstered overall revenue. The company’s ability to balance portfolio expansion with operational efficiency suggests continued stability and growth potential in the coming quarters.
View the full quarterly report HERE!
Click HERE for the latest investor presentation.
UMH Properties reported strong performance in Q3 2024, marked by strategic growth initiatives and steady improvements in its operational metrics.
UMH demonstrated consistent improvement over the past year, with NOI and income showing steady growth. The company’s expansion strategy, combined with disciplined expense management, has positioned it well for continued success. UMH’s focus on increasing rental homes and expanding geographically suggests ongoing growth potential in the manufactured housing sector.
View the full quarterly report HERE!
Flagship Communities REIT (FLGMF) reported notable growth and operational advancements in Q3 2024, underscoring its commitment to strategic expansion and portfolio optimization.
Stock Performance: The stock closed at $15.19 at the end of Q3 2024, slightly up from $15.00 in Q3 2023, reflecting investor confidence in the REIT’s long-term strategy.
Net Operating Income (NOI): Q3 NOI reached $15.1 million, a 27.7% increase compared to $11.8 million in Q3 2023, demonstrating strong revenue growth and operational efficiency.
Flagship’s consistent occupancy gains and NOI growth over the past year demonstrate its focus on operational efficiency and strategic expansion. By maintaining strong rent collections and expanding its footprint in key markets, Flagship Communities REIT has cemented its position as a rising player in the manufactured housing industry.
Flagship’s focus on portfolio expansion and operational excellence underscores its potential for long-term growth. With high rent collection rates, strategic acquisitions, and infill initiatives, the REIT is well-equipped to navigate market challenges and capitalize on future opportunities.
View the full quarterly report HERE!
Click HERE for the latest investor presentation.
The Q3 2024 performance of the four leading manufactured housing REITs highlights the strength of mobile home park REIT investing. Sun Communities showed consistent growth in NOI and lot rents, reflecting its stability as a leader. Equity LifeStyle Properties balanced modest portfolio expansion with steady income growth, demonstrating operational efficiency. UMH Properties focused on strategic geographic diversification and rental homes to boost efficiency. Flagship Communities excelled in aggressive portfolio expansion and successful infill strategies.
Rising lot rents, stable occupancy rates, and strong NOI growth showcase the typical resilience of mobile home parks. By managing costs, expanding portfolios, and adapting to market shifts, these mobile home park REIT investing companies position themselves as reliable players in the real estate landscape.
For investors seeking both stability and growth, mobile home parks typically provide distinct advantages. As these REITs continue innovating and expanding, they reinforce the enduring value of affordable housing in today’s economy. Stay tuned for updates as we monitor their performance and track trends in this historically resilient industry!
Are you looking for MORE information? Book a 1-on-1 consultation with Andrew Keel to discuss:
- A mobile home park deal review
- Due diligence questions
- How to raise capital from investors
- Mistakes to avoid, and more!
The information provided is for informational purposes only, therefore, it should not be considered investment advice or a guarantee of any kind. Additionally, we do not guarantee profitability under any circumstances. Before making any investment decisions, it is essential to conduct thorough research and consult with registered financial and legal professionals. Furthermore, we are not registered financial or legal professionals, nor do we provide personalized investment recommendations.
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