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Equity Lifestyle Properties (ELS)
NYSE:ELS
Earnings Data
Report Date
Apr 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.59Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: -4.72%
|Next Earnings Date:Apr 21, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance, balance sheet health, and dividend growth, but faced challenges including a decline in seasonal and transient revenue, new home sales, and RV guest attrition.Company Guidance
During the Equity LifeStyle Properties fourth quarter and full-year 2024 results call, management provided guidance for 2025, highlighting several key metrics. They anticipate a 5% increase in normalized Funds from Operations (FFO) for the full year, supported by strong property performance and industry conditions. The guidance included core property operating income growth of 4.9% at the midpoint, with a 5.2% to 6.2% increase in manufactured home (MH) rent growth. The annual dividend rate was set at $2.06 per share, an 8% increase, marking the 21st consecutive year of annual dividend growth. For the first quarter of 2025, normalized FFO per share is projected to be between $0.80 to $0.86, representing approximately 27% of the full-year guidance. The company expects its balance sheet to remain strong, with debt-to-EBITDAre at 4.5x and access to $1.2 billion in capital.Strong Core Operations and FFO Growth
Full year growth in NOI of 6.5% and a 5.9% increase in normalized FFO per share. Over the last 10 years, average core NOI grew 5.3% and normalized FFO grew nearly 8%, outpacing the REIT industry average.
Robust Balance Sheet
Average term to maturity of debt is 9 years with only 9% maturing by 2027 compared to the REIT average of 36%. Debt-to-EBITDAre is 4.5x and interest coverage is 5.2x.
Dividend Growth
Board approved an 8% increase in the annual dividend rate to $2.06 per share. Over the past 10 years, the dividend increased by an average of 11% per year.
Population Growth in Key Markets
Sunbelt locations, including Florida, California, and Arizona, continue to see favorable population growth trends, particularly among those aged 55 plus. S&P Global estimates a 9.4% growth in Florida among this demographic.
Expansion Opportunities
Development of nearly 5,000 MH, RV sites across the portfolio over the last 5 years, with over half in Florida and Arizona. Pipeline of projects with additional 3,000 sites in various stages.
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ELS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ELS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $69.32 | $66.61 | -3.91% |
| Oct 21, 2024 | $67.54 | $68.20 | +0.98% |
| Jul 22, 2024 | $66.80 | $65.43 | -2.05% |
| Apr 22, 2024 | $61.38 | $60.47 | -1.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equity Lifestyle Properties (ELS) report earnings?
Equity Lifestyle Properties (ELS) is schdueled to report earning on Apr 21, 2025, TBA Not Confirmed.
What is Equity Lifestyle Properties (ELS) earnings time?
Equity Lifestyle Properties (ELS) earnings time is at Apr 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELS EPS forecast?
ELS EPS forecast for the fiscal quarter 2025 (Q1) is 0.55.
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