earnings
confidence high
sentiment positive
materiality 0.60
ELS Q1 Normalized FFO rises 6.7% YoY to $0.83/share; issues 2025 guidance
EQUITY LIFESTYLE PROPERTIES INC
2025-Q1 EPS reported
$0.57
revenue$387,334,000
- Q1 Normalized FFO $0.83/share (up 6.7% YoY); GAAP EPS $0.57 (down 3% YoY).
- Core property operating revenues +2.9%, expenses +1.5%, income from property ops +3.8%.
- MH base rental income +5.5%; rate increase 5.7%, occupancy -0.2% from Florida storm damage.
- Sold 117 new homes at avg ~$81K; RV/marina annual base rental income +4.1%.
- Guidance: Q2 Normalized FFO $0.66-$0.72; FY Normalized FFO $3.01-$3.11 per share.