Earnings Alerts

Equity Lifestyle Properties (ELS) Earnings Exceed Expectations with Strong 3Q Normalized FFO Performance

By October 22, 2024 No Comments
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  • Equity LifeStyle reported a Normalized Funds From Operations (FFO) per share of 72 cents for Q3.
  • This exceeded both the previous year and the estimate, which stood at 71 cents.
  • Total revenue for the quarter was $387.3 million.
  • Revenue showed a slight decline of 0.4% year-over-year, yet surpassed the estimated $386.7 million.
  • The current analyst ratings include 6 buy recommendations, 9 holds, and no sell recommendations.

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A look at Equity Lifestyle Properties Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Equity Lifestyle Properties, with a Smartkarma Smart Score breakdown of Value 2, Dividend 3, Growth 4, Resilience 2, and Momentum 4, is positioned for a promising long-term outlook. The company’s strong scores in Growth and Momentum indicate a positive trajectory in terms of business expansion and market performance, respectively. Moreover, the moderate score in Dividend suggests a stable income-generating potential for investors. However, the lower scores in Value and Resilience might hint at some challenges the company could face in terms of valuation and withstanding economic downturns. Overall, Equity Lifestyle Properties appears to have a favorable outlook with its strengths in growth and market momentum.

Equity LifeStyle Properties, Inc, is a real estate company that specializes in owning and managing communities primarily in the United States and western Canada. Acquiring properties such as camping grounds and seasonal resort communities, the company caters to the recreational and housing needs of residents in these regions. Considering its Smartkarma Smart Scores positioning, Equity Lifestyle Properties shows promise for investors seeking growth opportunities and market momentum, although aspects such as value and resilience may require closer attention to ensure long-term sustainability and success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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