SeekingAlpha reports Equity LifeStyle Properties, Inc., the largest operator of manufactured home communities in the U.S., issued the transcript of its conference call for the first quarter 2013 financials April 23. CEO Margeurite Nader, noting the consistency of growth in their funds from operations (FFO), said demand continues to be strong for manufactured housing and the company focus is on increasing ownership. While the used sales volume increased 15% this first quarter, ELS and Cavco Industries, Inc. entered an agreement for Cavco to put homes in ELS communities and offer financing services. In the RV sector she said transient revenue rose ten percent over last year, mostly from Florida and Arizona, new RV distribution channels have been established, and a deal is cooking with a large RV rental firm. In addition, CFO Paul Seavey covers, in detail, the financials for Q1 2013 as well as expectations. MHProNews understands ELS is the largest MH and RV community owner with over 140,000 sites. For the complete transcript, click here.
(Photo credit: Equity LifeStyle Property–Calif. Country Club)