Two of Five Best REITs are Top MH Community Owners

SmarTrend says the cash flow in two of the top five residential Real Estate Investment Trust (REIT)s are manufactured housing community owners.  With a price per share of $58.18 and a free cash flow of $3.76 per share, Equity Lifestyle Properties (NYSE:ELS) has a price to cash flow ratio of 15.5x. Sun Communities (NYSE:SUI) has a ratio of 86.4x with a share price of 37.23 and free cash flow of 0.43 per share. The lowest ratio often indicates a good investment.  According to George F. Allen’s 22nd annual Allen Report, ELS and Sun rank first and fourth, respectively, among the largest owners of homesites in manufactured home communities.

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