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Equity Lifestyle Properties (ELS)
NYSE:ELS
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.48Last Year’s EPS
$0.49Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: -2.07%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong financial performance with notable growth in FFO and RV revenue. However, challenges from natural disasters and revenue declines in certain segments present concerns. Despite these issues, the company's strategic measures and financial stability support a positive outlook.Company Guidance
During the third quarter earnings call for Equity LifeStyle Properties (ELS), the company's executives provided guidance on several key metrics for 2025. They reported a strong normalized Funds From Operations (FFO) growth of 5.3% for Q3 2024. Looking ahead, ELS plans to issue rent increase notices to approximately 50% of its manufactured housing (MH) residents by the end of October, with an average growth rate of 5%, while the RV annual rate increases are set at an average of 5.5%. The company's RV annual revenue has shown a robust growth of 6.9% year-to-date. ELS also highlighted its commitment to capital allocation within its communities and continued focus on digital marketing and social media strategies, with the "100 days of camping" campaign generating 38.7 million impressions. Additionally, the guidance emphasized the resilience of infrastructure and community support following Hurricane Milton, reinforcing the stability of their properties and the dedication of their 4,000-plus team members. The company remains focused on maintaining its long-term track record of REIT-leading revenue growth.Strong Normalized FFO Growth
The company reported a strong normalized FFO growth of 5.3% for the third quarter, indicating robust financial performance.
RV Annual Revenue Growth
The RV annual revenue showed significant strength with a growth of 6.9% year-to-date.
Digital Marketing and Social Media Success
The company's digital marketing efforts recorded 38.7 million impressions through their 100 days of camping marketing campaign, the highest experienced to date.
High Occupancy Rates
The MH portfolio is 95% occupied, and the California and Arizona portfolios are 97% occupied.
Robust Balance Sheet Position
Pro forma debt-to-EBITDAre is projected at 4.6x, with interest coverage at 5.5x and a weighted average maturity of 9 years.
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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 |
|---|---|---|---|
| Oct 21, 2024 | $68.02 | $68.69 | +0.99% |
| Jul 22, 2024 | $67.27 | $65.89 | -2.05% |
| Apr 22, 2024 | $61.82 | $60.90 | -1.49% |
| Jan 29, 2024 | $65.45 | $66.44 | +1.51% |
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 Feb 03, 2025, TBA Not Confirmed.
What is Equity Lifestyle Properties (ELS) earnings time?
Equity Lifestyle Properties (ELS) earnings time is at Feb 03, 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 2024 (Q4) is $0.48.
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