{"id":470019,"date":"2021-04-01T14:50:54","date_gmt":"2021-04-01T18:50:54","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470019"},"modified":"2021-04-01T14:50:54","modified_gmt":"2021-04-01T18:50:54","slug":"manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/","title":{"rendered":"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li>\u00a0Revenues and EBITDA Increased 99% and 479%, respectively Over Prior Year For the Year Ended December 31, 2020.<\/li>\n<\/ul>\n<p align=\"justify\">Charlotte, North Carolina, April  01, 2021  (GLOBE NEWSWIRE) &#8212; Manufactured Housing Properties Inc. (OTC:MHPC), which acquires, owns, and operates 19 manufactured housing communities containing approximately 1,235 developed sites, today announced operating results for the year ended December 31, 2020.\u00a0<\/p>\n<p align=\"justify\">Total revenues and EBITDA for the year ended December 31, 2020 were $6,380,515 and $3,927,206, respectively, compared to $3,205,925 and $678,743, respectively for the year ended December 31, 2019.<\/p>\n<p align=\"justify\">Raymond M. Gee, Chairman and CEO of Manufactured Housing Properties Inc. commented, \u201cOur year-to-date results reflect the strong performance of our growing portfolio as we continue our efforts to maximize returns to our investors and execute on our acquisition strategy.\u201d<\/p>\n<p align=\"justify\">Michael Z. Anise, President and CFO of Manufactured Housing Properties Inc. added \u201cWe are focused on continued growth in 2021, which will be facilitated by our upcoming $47 million Preferred C stock offering filed with, and currently being reviewed by, the Securities and Exchange Commission.\u201d<\/p>\n<p align=\"justify\">Manufactured Housing Properties, Inc. presents Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in addition to its Net Income (Loss) reported in accordance with accounting principles generally accepted in the United States (GAAP). \u00a0Adjusted EBITDA is a non-GAAP\u00a0financial measure that differs from Net Income. Non-GAAP\u00a0Adjusted EBITDA excludes income tax expense, interest expense and depreciation and amortization, as well as\u00a0refinancing cost. The table presented below includes a list of items excluded from Net Income (Loss) to reconcile to non-GAAP\u00a0Adjusted EBITDA.<\/p>\n<p align=\"justify\">Management believes non-GAAP\u00a0Adjusted EBITDA is useful to investors and other users of our financial statements in evaluating operating performance because it provides them with an additional tool to compare business performance across companies and across periods. Management also believes that non-GAAP\u00a0Adjusted EBITDA is widely used by investors to measure operating performance without regard to items such as income tax expense, interest expense and depreciation and amortization, which can vary substantially from company to company depending upon, among other things, the book value of assets, capital structure and whether assets were constructed or acquired. Non-GAAP\u00a0Adjusted EBITDA also allows investors and other users to assess the underlying financial performance of our income producing properties before management\u2019s decision to deploy capital. The presentation of non-GAAP\u00a0Adjusted EBITDA is intended to complement, and should not be considered an alternative to, the presentation of Net Income, which is an indicator of financial performance determined in accordance with\u00a0GAAP. In addition, non-GAAP\u00a0Adjusted EBITDA as presented in this release may not be comparable to similarly titled measures used by other companies.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Year Ended December 31,<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">(Unaudited)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2020<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2019<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:70%;vertical-align: bottom\">Net (Loss)<\/td>\n<td style=\"width:1%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1%;vertical-align: bottom\">$<\/td>\n<td style=\"width:12%;text-align: right;vertical-align: middle;vertical-align: bottom\">(151,714<\/td>\n<td style=\"width:1%;vertical-align: bottom\">)<\/td>\n<td style=\"width:1%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1%;vertical-align: bottom\">$<\/td>\n<td style=\"width:12%;text-align: right;vertical-align: middle;vertical-align: bottom\">(2,013,040<\/td>\n<td style=\"width:1%;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Adjustments:<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Depreciation &amp; Amortization expense<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,652,509<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">805,421<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Interest Expense &amp; Refinancing Cost<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">2,426,411<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,886,362<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">EBITDA<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: double 15px 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: double 15px 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">3,927,206<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: double 15px 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: double 15px 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">678,743<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <b>About Manufactured Housing Properties Inc.<\/b><br \/>\n        \n      <\/p>\n<p align=\"justify\">Manufactured Housing Properties Inc. together with its affiliates, acquires, owns, and operates manufactured housing communities. The Company focuses on acquiring and operating manufactured home communities in high growth markets. <\/p>\n<p align=\"justify\">\n        <strong>Contact:<\/strong><br \/>\n        <br \/>Michael Z. Anise<br \/> President and Chief Financial Officer <br \/> (980) 273-1702 ext. 244<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statement Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Any statements contained in this\u00a0press\u00a0release\u00a0regarding us, our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated. The forward-looking statements contained herein represent our judgment as of the date of publication of this\u00a0press\u00a0release\u00a0and we caution you not to place undue reliance on such statements. Factors that could cause actual results to differ from the forward looking statements include those factors described in the\u00a0\u201cRisk Factor\u201d section in our annual and quarterly reports filed with the SEC. \u00a0Our company, our management and our affiliates assume no obligation to update any forward-looking statements to reflect events after the initial publication of this\u00a0press\u00a0release\u00a0or to reflect the occurrence of subsequent events.<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d8fd728d-f4e9-4196-8a74-86af13c0bf4c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Revenues and EBITDA Increased 99% and 479%, respectively Over Prior Year For the Year Ended December 31, 2020. Charlotte, North Carolina, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Manufactured Housing Properties Inc. (OTC:MHPC), which acquires, owns, and operates 19 manufactured housing communities containing approximately 1,235 developed sites, today announced operating results for the year ended December 31, 2020.\u00a0 Total revenues and EBITDA for the year ended December 31, 2020 were $6,380,515 and $3,927,206, respectively, compared to $3,205,925 and $678,743, respectively for the year ended December 31, 2019. Raymond M. Gee, Chairman and CEO of Manufactured Housing Properties Inc. commented, \u201cOur year-to-date results reflect the strong performance of our growing portfolio as we continue our efforts to maximize returns to our investors &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470019","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0Revenues and EBITDA Increased 99% and 479%, respectively Over Prior Year For the Year Ended December 31, 2020. Charlotte, North Carolina, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Manufactured Housing Properties Inc. (OTC:MHPC), which acquires, owns, and operates 19 manufactured housing communities containing approximately 1,235 developed sites, today announced operating results for the year ended December 31, 2020.\u00a0 Total revenues and EBITDA for the year ended December 31, 2020 were $6,380,515 and $3,927,206, respectively, compared to $3,205,925 and $678,743, respectively for the year ended December 31, 2019. Raymond M. Gee, Chairman and CEO of Manufactured Housing Properties Inc. commented, \u201cOur year-to-date results reflect the strong performance of our growing portfolio as we continue our efforts to maximize returns to our investors &hellip; Continue reading &quot;MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T18:50:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020\",\"datePublished\":\"2021-04-01T18:50:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/\"},\"wordCount\":643,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/\",\"name\":\"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020 - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==\",\"datePublished\":\"2021-04-01T18:50:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020 - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/","og_locale":"en_US","og_type":"article","og_title":"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020 - Market Newsdesk","og_description":"\u00a0Revenues and EBITDA Increased 99% and 479%, respectively Over Prior Year For the Year Ended December 31, 2020. Charlotte, North Carolina, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Manufactured Housing Properties Inc. (OTC:MHPC), which acquires, owns, and operates 19 manufactured housing communities containing approximately 1,235 developed sites, today announced operating results for the year ended December 31, 2020.\u00a0 Total revenues and EBITDA for the year ended December 31, 2020 were $6,380,515 and $3,927,206, respectively, compared to $3,205,925 and $678,743, respectively for the year ended December 31, 2019. Raymond M. Gee, Chairman and CEO of Manufactured Housing Properties Inc. commented, \u201cOur year-to-date results reflect the strong performance of our growing portfolio as we continue our efforts to maximize returns to our investors &hellip; Continue reading \"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T18:50:54+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020","datePublished":"2021-04-01T18:50:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/"},"wordCount":643,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/","name":"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020 - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==","datePublished":"2021-04-01T18:50:54+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA==","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDQ3MSM0MTAzMDgzIzUwMDA3MTUyMA=="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/manufactured-housing-properties-inc-announces-results-for-the-year-ended-december-31-2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"MANUFACTURED HOUSING PROPERTIES INC. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/470019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=470019"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/470019\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=470019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=470019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=470019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}