Margeurite Nader, CEO and President of Equity LifeStyle Properties (NYSE:ELS), in discussing second quarter 2014 results, reports the company experienced its 19th consecutive quarter of occupancy growth, with homeowner occupied sites increasing by 113, and home renter sites rose by only two. Last year, by comparison, ELS had lost 189 homeowner-occupied sites and gained 360 renters. During Q2 the company sold 66 new homes at a price point of $68,000, substantially more than the 18 sold in Q2 2013, and more than double the 30 sold in Q1 2014. Roughly half the new homes sold this past quarter were through an arrangement with Cavco Industries, Inc., according to seekingalpha.com.

According to watchlistnews.com the company reported $0.63 earnings per share (EPS), $0.02 above the consensus estimate, with revenue of $188.90 million for Q2, 2014, besting the consensus estimate of $179.61 million. For the comparable quarter in 2013 EPS was $0.57. Revenue for the quarter was up 6.8 percent on a year-over-year basis. As MHProNews knows, the real estate investment trust (REIT) has an interest in over 380 manufactured home and recreational vehicle communities comprising more than 143,000 homesites. ##