Equity Lifestyle Properties (ELS) Surpasses Q4 FFO and Revenue Estimates

Core Viewpoint - Equity Lifestyle Properties (ELS) reported quarterly funds from operations (FFO) of $0.79 per share, exceeding the Zacks Consensus Estimate of $0.78 per share, and showing an increase from $0.76 per share a year ago, indicating a positive performance trend [1] Financial Performance - The company achieved revenues of $373.87 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.16% and showing a slight increase from $372.32 million year-over-year [2] - Over the last four quarters, ELS has only surpassed consensus FFO estimates once [2] Stock Performance - ELS shares have increased approximately 3.8% since the beginning of the year, outperforming the S&P 500, which gained 1.9% [3] Future Outlook - The future performance of ELS stock will largely depend on management's commentary during the earnings call and the company's FFO outlook for upcoming quarters [4][6] - The current consensus FFO estimate for the next quarter is $0.83 on revenues of $391.43 million, and for the current fiscal year, it is $3.18 on revenues of $1.6 billion [7] Industry Context - The REIT and Equity Trust - Residential industry, to which ELS belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges ahead [8]