Equity LifeStyle PropertiesNYSE: ELS

CHICAGO , Oct. 30, 2024 /PRNewswire/ -- On October 29, 2024, the Board of Directors (the "Board") of Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as "we," "us," and "our") declared a fourth quarter 2024 dividend of $0.4775 per common share, representing, on an annualized basis, a dividend of $1.91 per common share. The dividend will be paid on January 10, 2025 to stockholders of record at the close of business on December 27, 2024.

Equity LifeStyle Properties, Inc. is a leading manufactured housing REIT with strategic locations, a strong tenant base, and resilience through economic and interest rate cycles. ELS has shown impressive financial performance with robust FFO growth, high occupancy rates, and a well-managed debt profile, supporting a 2.7% dividend yield. Despite recent price increases, ELS remains attractively valued with a forward P/FFO of 24.3, slightly below its historical average, offering market-level returns.

Equity LifeStyle Properties, Inc. (NYSE:ELS ) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Marguerite Nader - President & CEO Patrick Waite - EVP & COO Paul Seavey - EVP & CFO Conference Call Participants Joshua Dennerlein - Bank of America Bradley Heffern - RBC Eric Wolfe - Citi John Kim - BMO Capital Markets Keegan Carl - Wolfe Research Samir Khanal - Evercore James Feldman - Wells Fargo Michael Goldsmith - UBS Omotayo Okusanya - Deutsche Bank John Pawlowski - Green Street Advisors Mason Guell - Baird Anthony Hau - Truist Securities Operator Good day, everyone, and thank you for joining us to discuss Equity LifeStyle Properties' Third Quarter 2024 Results. Our featured speakers today are Marguerite Nader, our President and CEO; Paul Seavey, our Executive Vice President and CFO; and Patrick Waite, our Executive Vice President and COO.

Equity Lifestyle Properties (ELS) came out with quarterly funds from operations (FFO) of $0.72 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.71 per share a year ago.

Continued Strong Performance Preliminary 2025 Rent Rate Growth Assumptions  CHICAGO , Oct. 21, 2024 /PRNewswire/ -- Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as "we," "us," and "our") today announced results for the quarter and nine months ended September 30, 2024. All per share results are reported on a fully diluted basis unless otherwise noted.

REIT sectors are often mispriced due to broad-brush analysis; individual property types react differently to economic news, creating investment opportunities. Industrial REITs face weakened fundamentals but still have growth potential; STAG Industrial and Plymouth are undervalued within the sector. Manufactured housing REITs deserve their premium due to affordability and constrained supply; UMH Properties and Flagship offer cheaper entry points.

CHICAGO , Oct. 14, 2024 /PRNewswire/ -- Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as the "Company," "we," "us," and "our") reported today its preliminary assessment of the impact of Hurricane Milton on its Florida properties. Based on our ongoing initial assessments, certain properties were affected by flooding, wind, wind-blown debris, falling trees and tree branches.

In today's market, focusing on dependable dividend stocks is essential. They offer consistent income, making them attractive in any economic climate. This article highlights two standout stocks that align with a strong dividend growth strategy. Both demonstrate resilience and promise for future gains. Investing in these stocks can enhance your portfolio, providing financial security and the potential for wealth accumulation over time.

Equity Lifestyle Properties (ELS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.