- Equity LifeStyle reported a normalized FFO per share of 78c, beating year-over-year estimates which were at 74c.
- Their estimated normalized FFO per share was at 77c.
- Total revenue for the quarter stood at $386.6 million, marking a 4.5% growth year-over-year.
- This revenue figure significantly outperformed the estimate which was set at $337 million.
- Looking forward, the guidance for the second quarter and full year 2024 represents a range of outcomes as estimated by the management.
- The stock currently holds strong with 6 buys, 9 holds, and 0 sells.
A look at Equity Lifestyle Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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 is projected to have a positive long-term outlook based on the analysis of Smartkarma Smart Scores. With a strong score of 4 for Growth and 3 for both Dividend and Momentum, the company shows promise for future expansion and increasing returns for investors. While Value and Resilience scores are slightly lower at 2, the overall outlook remains optimistic.
As a company that owns and invests in communities in the US and Canada, Equity LifeStyle Properties focuses on properties like camping grounds and seasonal resort communities. This niche market, combined with the favorable Smart Scores, indicates a potential for sustained growth and solid performance in the long run.
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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