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Equity Lifestyle Properties (ELS)
NYSE:ELS
Earnings Data
Report Date
Jul 21, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.42Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 21, 2025
|% Change Since: 0.67%
|Next Earnings Date:Jul 21, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a generally positive outlook with strong financial performance and stability in the MH and RV segments, supported by a robust balance sheet and successful cost management. However, challenges persist in the form of occupancy loss due to hurricanes and a decline in transient RV revenue. The impact of Canadian RV customer reservations is also a concern.Company Guidance
During Equity Lifestyle Properties' first quarter 2025 earnings call, the company provided various metrics and guidance updates. They reported a 3.8% growth in Net Operating Income (NOI) and a 6.7% increase in normalized Funds From Operations (FFO) per share for the first quarter. The full-year guidance for normalized FFO was maintained at $3.06 per share. The company's manufactured home (MH) portfolio, which accounts for 60% of total revenue, maintained a 94% occupancy rate, with homeowners occupying 97% of the MH portfolio. The RV side experienced a 4.1% revenue growth for annual sites in the quarter. The company also highlighted its strong balance sheet, with an average debt maturity term of over eight years and only 9% of debt coming due by 2027. They mentioned robust engagement through digital channels, with 1.7 million unique visitors to their websites generating 72,000 leads, and a 30% annual increase in social media followers over the past decade. The company's guidance for second quarter 2025 suggests normalized FFO per share between $0.66 and $0.72, with core property operating income growth projected to be between 5.4% and 6%.Strong Financial Performance
Equity Lifestyle Properties reported a growth in NOI of 3.8% and a 6.7% increase in normalized FFO per share in Q1 2025. The company maintained its full-year FFO guidance of $3.06 per share.
Stable Occupancy and Demand
The MH portfolio is 94% occupied with 97% of the MH portfolio occupied by homeowners, contributing to long-term stability. The RV segment showed a 4.1% revenue growth in annual revenue for the quarter.
Strong Balance Sheet
Average term to maturity for debt is over eight years, with only 9% of debt maturing through 2027 compared to the REIT average of 30%.
Insurance Cost Reduction
The company successfully renewed its property and casualty insurance program with a premium decrease of approximately 6% year-over-year.
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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 |
|---|---|---|---|
Apr 21, 2025 | $64.43 | $63.69 | -1.15% |
Jan 27, 2025 | $68.78 | $66.09 | -3.91% |
Oct 21, 2024 | $67.01 | $67.67 | +0.98% |
Jul 22, 2024 | $66.27 | $64.91 | -2.05% |
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 Jul 21, 2025, TBA Not Confirmed.
What is Equity Lifestyle Properties (ELS) earnings time?
Equity Lifestyle Properties (ELS) earnings time is at Jul 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 (Q2) is 0.42.
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