z1b It pays to be a contrarian when the chips are down for certain stocks and sectors. While some investors may try to overthink it, value investors may be better served to layer into quality companies when they are out of favor with the market. In the words of Buffett, the market is a voting machine in the short run, and is a weighing machine in the long run. This brings me to Equity LifeStyle Properties (NYSE:ELS), which I last covered in July of last year, noting its quality locations and strong bala ...

Webfluential/DigitalVision via Getty Images Introduction It's finally spring, the best time of the year - I think! Plants start to grow again, we can go outside more, and we're looking at a new baseball season of 162 regular games + playoffs. In the future, I'll write an article on the comparisons between the stock market and Major League Baseball. It's not as silly as you may think. Although it's officially spring since March 19, the weather is just now starting to turn favorable where I live (the Neth ...

Equity Lifestyle Properties (ELS) has been beaten down lately with too much selling pressure. While the stock has lost 6.3% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum ...

Congress created real estate investment trusts (REITs) in 1960 to level the playing field. REITs empower anyone to invest in wealth-creating, income-producing real estate.They've certainly done that over the years. Over the long term, our research found that REITs have outperformed stocks. Since 1994, three REIT subgroups stood out for their ability to beat the S&P 500. Here's a closer look at these market-beating REIT types. Storing up wealthAccording to data from Nareit, self-storage REITs have delivered ...

CHICAGO--(BUSINESS WIRE)--Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us,” and “our”) today announced that we will participate at the Citi 2024 Global Property CEO Conference. Members of our executive management team, including our President and CEO Marguerite Nader, will participate in a roundtable discussion followed by a question and answer session on Monday, March 4, 2024 at 4:20 PM Eastern Time. The session will be broadcast live and a link to the webcast will be accessi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-11718 EQUITY LIFESTYLE PROPERTIES, INC. (Exact name of registrant as specified in its charter) | Maryland | | --- | (State or other jurisdiction ...

CHICAGO--(BUSINESS WIRE)--On February 6, 2024, the Board of Directors (the “Board”) of Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as “we,” “us,” and “our”) declared a first quarter 2024 dividend of $0.4775 per common share, representing, on an annualized basis, a dividend of $1.91 per common share. The dividend will be paid on April 12, 2024 to stockholders of record at the close of business on March 28, 2024. In addition, on February 6, 2024, the Board increased the size of the Board ...

buzbuzzerManufactured home (“MH”) and recreational community owner, Equity LifeStyle Properties (NYSE:ELS), just reported its quarterly and year end results for fiscal 2023. Market reaction was muted in Monday's after-hour trading session immediately following the release. The limited response follows a 6% decline in shares over the past month. The stock price is also down about 1% over the past year. Seeking Alpha - ELS Stock 1-Mth Share Price ReturnWhile the share price performance lags the broader ma ...

Financial Data and Key Metrics Changes - In 2023, the company reported a 5% growth in NOI and a 4.7% increase in normalized FFO per share, with core operating revenue increasing by 5.8% compared to 2022 [97][103] - The company expects normalized FFO per share for 2024 to be $2.88 at the midpoint, with guidance ranges of $2.83 to $2.93 [105] - The debt to adjusted EBITDA ratio is 5.3x, and interest coverage is 5.2x, indicating a strong balance sheet [11] Business Line Data and Key Metrics Changes - The MH portfolio occupancy rate is 95%, with over 96% of MH sites occupied by homeowners [97] - Core community-based rental income increased by 6.8% for the full year compared to 2022, driven by a 13% average increase in marketing rents on turnover [103] - Full year growth in core resort and marina-based rental income from annuals was 8.1%, with 7.6% from rate increases and 50 basis points from occupancy gains [8] Market Data and Key Metrics Changes - The demand for MH communities continues to increase, with 905 new home sales in 2023, and almost 25% of home sales coming from existing residents [2][3][77] - The 55-plus population in the U.S. is projected to grow by 6.4% over the next five years, with Sunbelt properties expected to grow by 8.5% [101] - Florida's 55-plus population is projected to grow by 9.4%, significantly outpacing the national average [101] Company Strategy and Development Direction - The company focuses on converting existing residents to home buyers, which has been successful in driving sales [2][3] - The strategy includes continued investment in Sunbelt markets, particularly Florida, California, Arizona, and Texas, which have been key growth areas [127] - The company plans to maintain a strong dividend policy, with a 6.7% increase in the annual dividend rate to $1.91 per share [124] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of cash flow and the underlying trends in the business, despite challenges such as increased real estate taxes [104][124] - The company anticipates no significant recurrence of severe weather impacts that affected operations in early 2023 [48] - Management noted that the transient revenue outlook remains uncertain, with expectations for flat performance in the second, third, and fourth quarters of 2024 [150][167] Other Important Information - The company has a $500 million line of credit with approximately $435 million available, indicating strong liquidity [11] - The average sale price of homes sold in 2023 was approximately $100,000, with Florida accounting for over 50% of total new home sales [123] - The company reported a net contribution from its membership business of $57.2 million, an increase of 6.7% compared to the prior year [90] Q&A Session Summary Question: Can you walk us through the guidance range for MH same-store NOI for 2024? - Management explained that the guidance range reflects occupancy increases and rate adjustments, with a range of 5.5% to 6.5% [12][134] Question: How are you addressing the increased real estate taxes? - Management indicated that they are appealing the increases and have provisions in leases to pass through costs to residents where applicable [104][111] Question: What is the outlook for transient revenue? - Management noted that while the first quarter is strong, they expect flat performance for the rest of the year due to variability in transient bookings [150][167] Question: Can you provide insights on the marina rent growth assumptions? - Management stated that marina rent growth is consistent with RV growth, and they expect stable performance moving forward [185][186] Question: How is the company managing its capital expenditures? - Management outlined that $85 million is expected for recurring CapEx, which is comparable to the previous year, focusing on asset preservation and improvements [168][181]

CHICAGO--(BUSINESS WIRE)--Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us” and “our”) today announced the tax treatment of our 2023 common stock distributions. The following table summarizes the income tax treatment of our 2023 distributions. Common Stock (CUSIP No. 29472R108) Record Date Payable Date Distribution Per Share Total Distribution Allocable to 2023 Long-Term Capital Gains Dividend Ordinary Taxable Dividend     Nondividend Distribution Q ...