{"id":1004233114,"date":"2018-06-06T12:38:40","date_gmt":"2018-06-06T20:38:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004233114"},"modified":"2022-12-09T01:21:53","modified_gmt":"2022-12-09T09:21:53","slug":"manufactured-home-reits-outperform-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/manufactured-home-reits-outperform-market\/","title":{"rendered":"Manufactured Home REITs Outperform Market"},"content":{"rendered":"<p>By Khamile Armhynn Sabas<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004233116\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/manufactured-home-reits-outperform-market\/5-31-2018_p2ltmffo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg\" data-orig-size=\"2138,1308\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5-31-2018_P2LTMFFO\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?w=1024\" class=\"alignleft wp-image-1004233116\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg\" alt=\"\" width=\"800\" height=\"489\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg 2138w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=300,184 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=768,470 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=1024,626 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=1536,940 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=2048,1253 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=150,92 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=696,426 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=1068,653 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=1920,1175 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/5-31-2018_P2LTMFFO.jpg?resize=687,420 687w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>As of May 31, the manufactured homes sector led all publicly traded U.S. equity REIT sectors with the largest last-12-months funds from operations (LTM FFO) multiple, at 24.7x, outperforming the SNL US REIT Equity Index by 6.12 points. The industrial and self-storage REIT sectors followed, with multiples of 22.0x and 21.3x, respectively. The hotel sector ranked last with a 12.8x price to LTM FFO.<\/p>\n<p>Among the manufactured homes-focused REITs, Equity LifeStyle Properties had the highest multiple, at 25.3x, and ended May with a $90.90 price per share.<\/p>\n<p>Equity Commonwealth, <a href=\"https:\/\/www.commercialsearch.com\/news\/two-equity-commonwealth-office-assets-fetch-670m\/\">an office REIT<\/a>, had a 43.8x LTM FFO multiple, the highest among the publicly traded U.S. equity REITs, and its common stock closed at $31.11 price per share as of May 31. Safety, Income &amp; Growth Inc., a diversified REIT, followed with a 35.4x price to LTM FFO, while closing the month at $19.18 price per share.<\/p>\n<p><em>&#8211; Khamile Armhynn Sabas is a senior analyst in the real estate client operations department of S&amp;P Global Market Intelligence.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sector had the largest last-12-months funds from operations multiple of all publicly traded U.S. equity REITs, at 24.7x, according to S&amp;P Global Market Intelligence data.<\/p>\n","protected":false},"author":1145,"featured_media":1004233116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,37777],"tags":[36999,36024],"class_list":["post-1004233114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-rc-price-ltm-ffo","tag-equity-commonwealth","tag-sp-global-market-intelligence"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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