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Equity LifeStyle Properties, Inc. (NYSE:ELS) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Marguerite Nader - President & CEO Patrick Waite - EVP & COO Paul Seavey - EVP & CFO Conference Call Participants Joshua Dennerlein - Bank of America Bradley Heffern - RBC Eric Wolfe - Citi John Kim - BMO Capital Markets Keegan Carl - Wolfe Research Samir Khanal - Evercore James Feldman - Wells Fargo Michael Goldsmith - UBS Omotayo Okusanya - Deutsche Bank John Pawlowski - Green St ...

(1) N E W S R E L E A S E CONTACT: Paul Seavey FOR IMMEDIATE RELEASE (800) 247-5279 October 21, 2024 ELS REPORTS THIRD QUARTER RESULTS Continued Strong Performance Preliminary 2025 Rent Rate Growth Assumptions CHICAGO, IL – October 21, 2024 – Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as "we," "us," and "our") today announced results for the quarter and nine months ended September 30, 2024. All per share results are reported on a fully diluted basis unless otherwise noted. | --- | --- ...

Equity Lifestyle Properties (ELS) came out with quarterly funds from operations (FFO) of $0.72 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.71 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this resort community operator would post FFO of $0.65 per share when it actually produced FFO of $0.66, delivering a surprise of 1.54%. Over the last four quarters, the company has surpassed consensus FFO estimates two tim ...

Continued Strong PerformancePreliminary 2025 Rent Rate Growth Assumptions CHICAGO, Oct. 21, 2024 /PRNewswire/ -- Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as "we," "us," and "our") today announced results for the quarter and nine months ended September 30, 2024. All per share results are reported on a fully diluted basis unless otherwise noted.FINANCIAL RESULTS ($ in millions, except per share data) Quarters Ended September 30, 2024 2023 $ Change % Change (1) Net Income per Common Sh ...

Core Viewpoint - The REIT market is often viewed as a single entity, but it is essential to recognize the distinct property types within REITs, as different economic news impacts each type differently [1] Valuation Discrepancies - There is significant mispricing among different REIT property types, leading to some sectors being overvalued while others are undervalued [2] - The average AFFO multiples for various REIT sectors are as follows: - Hotel: 10.6X - Diversified: 13.8X - Office: 14.5X - Healthcare: 14.9X - Retail: 16.7X - Tower: 18.2X - Apartments: 18.9X - Industrial: 20.0X - Storage: 20.4X - Manufactured Housing: 21.6X - Single Family Rental: 21.7X - Data Center: 24.37X - Timber: 27.4X - Farmland: 39.23X [2][3] Sector Analysis - Industrial REITs are currently the cheapest among premium sectors at 20X AFFO, but fundamentals have weakened due to high new supply and reduced demand, particularly in large logistics warehouses [4] - Storage REITs, trading at 20.4X AFFO, face oversupply issues, leading to speculative growth assumptions [6][7] - Manufactured housing REITs are well-positioned for long-term growth due to affordability and constrained supply, justifying their 21.6X multiple [9] - Single Family Rental REITs benefit from rising apartment rents and home values, but future growth may slow, making the current 21.7X multiple less attractive [11] - Data centers are experiencing high demand but are overvalued at 24.37X AFFO due to the risk of new supply [12][13] - Timber and farmland REITs, despite high AFFO multiples (27.4X and 39.23X respectively), may be undervalued when considering appreciation and true earnings potential [14] Conclusion - The AFFO multiples across the REIT sector do not correlate well with fundamental growth, indicating potential investment traps and opportunities for high growth at lower prices [15]

CHICAGO, Oct. 14, 2024 /PRNewswire/ -- Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as the "Company," "we," "us," and "our") reported today its preliminary assessment of the impact of Hurricane Milton on its Florida properties. Based on our ongoing initial assessments, certain properties were affected by flooding, wind, wind-blown debris, falling trees and tree branches. Structural damage to common areas appears to be limited. We have seen damage to some homes, carports, screen rooms and ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . The other day, I heard about a guy who created a company with 10 billion shares. He then convinced a person to buy a share for $50. Technically, this transaction made him the Analyst's Disclosure: I/we have a beneficial long position in the shares of CME either through stock ow ...

Equity Lifestyle Properties (ELS) has been beaten down lately with too much selling pressure. While the stock has lost 12.2% 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. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum ...

These REITs have quietly done a fantastic job increasing their dividends over the years. Hundreds of companies pay dividends, making it easy to miss some great dividend stocks. Many smaller companies that aren't big enough to be in the S&P 500 tend to fall under the radar of most investors. Rexford Industrial Realty (REXR -0.80%), Equity LifeStyle Properties (ELS -0.76%), and NNN REIT (NNN -0.97%) are smaller real estate investment trusts (REITs). Because of that, many investors are missing out on how good ...