Equity Lifestyle ( (ELS) ) has issued an update.
In 2024, Equity LifeStyle Properties, Inc. reported strong financial performance, with a 5.9% increase in Normalized FFO per share compared to 2023. The company achieved a 6.5% growth in income from property operations, excluding property management, and expanded its portfolio by adding 736 new sites. Additionally, they closed a modification of a $500 million unsecured line of credit and launched an ATM equity offering program worth up to $700 million. The company also released its 2023-24 Sustainability Report, highlighting strategic priorities and initiatives. The Board approved a 7.9% increase in the annual dividend rate for 2025, reflecting confidence in continued growth and stability.
More about Equity Lifestyle
Equity LifeStyle Properties, Inc. is a fully integrated owner of lifestyle-oriented properties, primarily operating in the real estate investment trust (REIT) sector. The company owns or has an interest in 452 properties across 35 states in the U.S. and one Canadian province, consisting of 173,201 sites as of January 27, 2025. Their portfolio includes manufactured home communities, recreational vehicle resorts, campgrounds, and marinas, with a focus on high-quality properties located in retirement and vacation destinations.
YTD Price Performance: 0.95%
Average Trading Volume: 1,357,308
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.47B
See more data about ELS stock on TipRanks’ Stock Analysis page.