{"id":1004329160,"date":"2019-06-05T07:46:37","date_gmt":"2019-06-05T15:46:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004329160"},"modified":"2019-06-05T08:51:34","modified_gmt":"2019-06-05T16:51:34","slug":"manufactured-home-reits-out-in-front","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/manufactured-home-reits-out-in-front\/","title":{"rendered":"Manufactured Home REITs Out In Front"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004329202\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/manufactured-home-reits-out-in-front\/snp-chart\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/SNP-Chart.jpg\" data-orig-size=\"825,620\" 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=\"S&#038;P Global Market Intelligence\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/SNP-Chart.jpg?w=825\" class=\"alignright size-full wp-image-1004329202\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/SNP-Chart.jpg\" alt=\"\" width=\"825\" height=\"620\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/SNP-Chart.jpg 825w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/SNP-Chart.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/SNP-Chart.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 825px) 100vw, 825px\" \/>As of May 31, 2019, the manufactured homes sector led all publicly traded U.S. equity REIT sectors in terms of the last 12 months funds from operations&nbsp; multiple. The sector posted a 29.5x LTM FFO multiple, outperforming the SNL US REIT Equity Index by 8.8 percentage points. The industrial and multifamily REIT sectors followed with multiples of 24.95x and 21.99x, respectively. The hotel sector ranked last with a 101.22x price to LTM FFO.<\/p>\n<p>Among the REITs focused on manufactured homes, UMH Properties Inc. had the highest multiple of 49.3x, and ended May with a share price of $13.31.<\/p>\n<p>CIM Commercial Trust Corp., an office REIT, had a 61.8 LTM FFO multiple, the highest among the publicly traded U.S. equity REITs and traded at $21 per share as of May 31. Innovative Industrial Properties followed with a 60.9x price to LTM FFO while trading at $84.03 per share.<\/p>\n<p><i>Carter Phillips<\/i><i> is an analyst in the real estate client operations department of <a href=\"https:\/\/www.spglobal.com\/marketintelligence\/en\/\">S&amp;P Global Market Intelligence<\/a>.<\/i><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the end of May, this sector was clearly outperforming its peers. On an individual basis, however, the best results came from an office company followed by an industrial company, according to S&#038;P Global.  <\/p>\n","protected":false},"author":1003,"featured_media":1004329202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37762],"tags":[34187],"class_list":["post-1004329160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-reits","tag-sp-global-ratings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manufactured Home REITs Out In Front - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/manufactured-home-reits-out-in-front\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufactured Home REITs Out In Front\" \/>\n<meta property=\"og:description\" content=\"At the end of May, this sector was clearly outperforming its peers. On an individual basis, however, the best results came from an office company followed by an industrial company, according to S&amp;P Global.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/manufactured-home-reits-out-in-front\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-05T15:46:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-05T16:51:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/SNP-Chart.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Carter Phillips\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/manufactured-home-reits-out-in-front\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/manufactured-home-reits-out-in-front\/\",\"name\":\"Manufactured Home REITs Out In Front - 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