earnings
confidence high
sentiment positive
materiality 0.80
ELS beats Q2 Normalized FFO, raises full-year guidance to $2.86-$2.96
EQUITY LIFESTYLE PROPERTIES INC
2024-Q2 EPS reported
$1.01
revenue$766,587,000
- Q2 Normalized FFO $0.66/share vs guidance midpoint $0.64; up 2.9% YoY.
- Core property operating revenues +4.6% QoQ; MH base rental income +6.2%.
- Full-year Normalized FFO guidance raised to $2.86-$2.96 per share.
- Q3 Normalized FFO guidance $0.69-$0.75 per share.
- Amended $500M line of credit, maturity extended to July 2028; term loan extension option.