The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Thu Apr 20, 2017
CHICAGO - Equity Lifestyle Properties Inc. has reported a key measure of profitability in its first quarter. The results beat Wall Street expectations.
The real estate investment trust, based in Chicago, said it had funds from operations of $93.2 million, or $1 per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 98 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company says it had net income of $56.9 million, or 65 cents per share.
The resort community operator posted revenue of $232.4 million in the period.
For the current quarter ending in July, Equity Lifestyle Properties expects its per-share funds from operations to range from 77 cents to 83 cents.
The company expects full-year funds from operations in the range of $3.51 to $3.61 per share.
The company's shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $79.89, an increase of 16 percent in the last 12 months.
"I am pleased to report the results for first quarter of 2017 with an FFO per share growth of 9 percent as compared to last year," ELS CEO Marguerite Nader says. "We see strong demand for our product and property. In the quarter, we increased occupancy by 141 sites with a gain of 128 home owners. We sold 97 new homes at our MH communities with an average purchase price of $60,000."