earnings
confidence high
sentiment positive
materiality 0.75
ELS reports Q1 Normalized FFO $0.83 (+6.7% YoY); guides FY25 Core NOI growth 4.5-5.5%
EQUITY LIFESTYLE PROPERTIES INC
2025-Q1 EPS reported
$0.57
revenue$387,334,000
- Q1 Normalized FFO per share $0.83 (+6.7% YoY); Core property revenue +2.9%, Core NOI +3.8%.
- FY25 guidance: Normalized FFO $3.01–$3.11/share; Core NOI +4.5%–5.5%, revenue +3.2%–4.2%.
- Annual dividend raised to $2.06/share, a 7.9% increase from $1.91 in 2024.
- Balance sheet: Debt/EV 19.3%, weighted avg interest rate 4.1%, avg maturity 8 years.
- Core MH occupancy 95%, 91% of revenue from annual sources; avg MH rate growth 5.3% over 5 years.