Balance Sheet StrengthNo significant debt maturities until 2027, combined with a low average interest cost, preserves financial flexibility to fund property improvements and selective acquisitions without urgent refinancing risk.
Operational PerformanceCompany's same-property net operating income has increased materially faster than both manufactured housing peers and the broader multifamily sector, indicating stronger rent growth and occupancy execution that can support higher earnings.
Value-add Growth PipelineValue-add acquisition strategy has created a pipeline of roughly 3,500 vacant sites that can be developed into rental units or leased, enabling low-cost unit growth and potential margin expansion over the coming years.