(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 ...

Group 1 - The article discusses a scenario where an individual created a company with 10 billion shares and sold one share for $50, highlighting the potential for significant financial manipulation or speculation [1] - The mention of 438 testimonials, most being 5 stars, suggests a strong positive reception for the service being offered, indicating a level of trust and satisfaction among users [1] Group 2 - The article includes a disclosure about the author's beneficial long position in CME shares, indicating a vested interest in the performance of this stock [1] - It emphasizes that the opinions expressed are personal and not influenced by compensation, which may affect the credibility of the analysis presented [1]

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 ...

Earnings Announcement and Conference Call - The company will release its third quarter 2024 earnings on October 21, 2024, after market close [1] - A conference call and audio webcast will be hosted on October 22, 2024, at 11:00 a.m. Eastern Time to discuss operating and financial results [1] - The live audio webcast and replay will be available on the company's website in the Investor Relations section under Events [2] - Research analysts and interested parties must register through a provided link at least fifteen minutes prior to the call to receive dial-in details [2] Forward-Looking Statements - The press release includes forward-looking statements under the Private Securities Litigation Reform Act of 1995, using terms like "anticipate," "expect," and "believe" [3] - These statements involve estimates, projections, and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially [3] - Factors influencing these statements include site usage mix, yield management, rate increases, occupancy changes, customer demand, expense management, interest rates, acquisition integration, and labor market conditions [3] - Other factors include legal matters, property restoration costs, and internal control over financial reporting [3] Company Overview - The company is a fully integrated owner of lifestyle-oriented properties, owning or having an interest in 452 properties with 172,866 sites as of July 22, 2024 [6] - It is a self-administered, self-managed real estate investment trust headquartered in Chicago [6]

CHICAGO, Sept. 30, 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 Helene on its Florida, North Carolina and South Carolina properties. No injuries to our residents, guests or employees have been reported. Certain properties were affected by flooding, wind, wind-blown debris, and falling trees and branches. We are in the process of estimating costs associated wi ...