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Equity Lifestyle Properties (ELS) Q4 FFO Meet Estimates
ELSEquity LifeStyle Properties(ELS) ZACKS·2025-01-27 23:46

Core Viewpoint - Equity Lifestyle Properties (ELS) reported quarterly funds from operations (FFO) of 0.76pershare,matchingtheZacksConsensusEstimateandshowinganincreasefrom0.76 per share, matching the Zacks Consensus Estimate and showing an increase from 0.71 per share a year ago [1] - The company posted revenues of 372.32millionforthequarterendedDecember2024,missingtheZacksConsensusEstimateby1.55372.32 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.55% and up from 360.64 million year-over-year [2] Financial Performance - The FFO of 0.76pershareisconsistentwiththepreviousquarter′sexpectationof0.76 per share is consistent with the previous quarter's expectation of 0.72 per share, where the actual FFO also came in at 0.72,indicatingnosurprise[1]−Overthelastfourquarters,thecompanyhassurpassedconsensusFFOestimatestwotimes[1]−Thecompanyhasnotbeenabletobeatconsensusrevenueestimatesoverthelastfourquarters[2]MarketPerformance−EquityLifestylePropertiesshareshaveincreasedabout10.72, indicating no surprise [1] - Over the last four quarters, the company has surpassed consensus FFO estimates two times [1] - The company has not been able to beat consensus revenue estimates over the last four quarters [2] Market Performance - Equity Lifestyle Properties shares have increased about 1% since the beginning of the year, while the S&P 500 has gained 3.7% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the coming quarter is 0.81 on revenues of 399.75million,andforthecurrentfiscalyear,itis399.75 million, and for the current fiscal year, it is 3.11 on revenues of $1.6 billion [7] - The estimate revisions trend for Equity Lifestyle Properties is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The REIT and Equity Trust - Residential industry is currently in the bottom 18% of over 250 Zacks industries, which may impact the stock's performance [8]