Welcome to our dedicated page for Equity Lifestyle Properties news (Ticker: ELS), a resource for investors and traders seeking the latest updates and insights on Equity Lifestyle Properties stock.
Equity LifeStyle Properties, Inc. (ELS) is a leading real estate investment trust (REIT) focused on owning and operating high-quality resort communities across the United States. With a controlling interest in over 300 premium resorts in 28 states and British Columbia, Equity LifeStyle Properties boasts more than 110,000 sites. The company operates an impressive portfolio of manufactured housing, residential vehicle communities, and marinas, predominantly located in desirable retirement destinations such as Florida, Arizona, and California.
Equity LifeStyle Properties is committed to creating value for both residents and investors by delivering consistently high levels of service and amenities within aesthetically pleasing environments. This commitment has garnered the company numerous 'Community of the Year' awards, recognizing the exceptional quality of their communities and the professionalism of their management team.
As a publicly traded company on the New York Stock Exchange under the symbol 'ELS', Equity LifeStyle Properties leverages its size, national presence, and access to capital to expand and improve existing communities. This growth-oriented approach allows the company to streamline management operations and provide superior living experiences across multiple locations.
One of the company's notable ventures is Petite Retreats, offering unique vacation rentals including tiny houses, colorful cottages, cabins, and yurts. Recently, Petite Retreats announced its '12 Days of Gifts & Glamping' sweepstakes, which offers participants a chance to win a six-night rental stay and other exciting prizes.
The dedication to quality and resident satisfaction makes Equity LifeStyle Properties a significant player in the residential REIT market, targeting properties in attractive retirement destinations, with over 70% of their properties being age-restricted or having average resident ages over 55. Their high standards and strategic growth initiatives continue to enhance their reputation and market position.
Equity LifeStyle Properties (NYSE: ELS) has announced its fourth quarter 2024 dividend declaration. The Board of Directors approved a dividend of $0.4775 per common share, which represents an annualized dividend of $1.91 per common share. The dividend will be distributed on January 10, 2025, to stockholders of record as of December 27, 2024.
Equity LifeStyle Properties (NYSE: ELS) reported strong Q3 2024 results with Normalized FFO per share at $0.72, a 4.9% increase from Q3 2023. Key highlights include:
- Core property operating revenues up 4.4% year-over-year
- Core MH base rental income increased 6.2%, driven by 5.8% rate growth
- Core RV and marina annual base rental income up 6.2%
- Sold 4.5 million shares at $70.00, raising $314.2 million
- Updated full-year 2024 Normalized FFO guidance to $2.89-$2.95 per share
The company also provided preliminary 2025 rent rate growth assumptions, with MH rent increases averaging 5.0% and RV annual rates increasing by approximately 5.5%.
Equity LifeStyle Properties (NYSE:ELS) has released a preliminary assessment of Hurricane Milton's impact on its Florida properties. The company reports structural damage to common areas, but notes some damage to homes, carports, screen rooms, and awnings. Cleanup efforts have begun, with the company working to restore properties to full operating condition. Some properties are still experiencing utility disruptions.
ELS believes it has adequate insurance coverage, including business interruption coverage, subject to deductibles. The company does not anticipate Hurricane Milton to significantly impact its overall results of operations or financial condition. CEO Marguerite Nader expressed confidence in the company's storm preparation and response plan, stating that Florida properties should be ready for the upcoming winter season.
Equity LifeStyle Properties, Inc. (NYSE:ELS) has announced the release date for its third quarter 2024 earnings. The company will publish its financial results on Monday, October 21, 2024 after the market closes. Following the release, ELS will host a conference call and audio webcast on Tuesday, October 22, 2024 at 11:00 a.m. Eastern Time to discuss the company's operating and financial results.
Interested parties can access the live audio webcast and replay of the conference call on the company's website at www.equitylifestyleproperties.com in the Investor Relations section under Events. Research analysts and other participants who wish to join the conference call must register through a provided link at least fifteen minutes before the scheduled start time to receive dial-in details.
Equity LifeStyle Properties (NYSE:ELS) has reported its preliminary assessment of Hurricane Helene's impact on its properties in Florida, North Carolina, and South Carolina. The company stated that no injuries to residents, guests, or employees have been reported. Some properties experienced effects from flooding, wind, wind-blown debris, and falling trees and branches.
ELS is currently estimating costs for cleanup and restoration efforts. The company believes it has adequate insurance coverage, including business interruption coverage, subject to deductibles. At this time, ELS does not anticipate that Hurricane Helene will significantly impact its results of operations or financial condition on a consolidated basis.
Equity LifeStyle Properties (NYSE: ELS) has announced its participation in the Bank of America Securities 2024 Global Real Estate Conference. The company's executive management team will engage in a roundtable discussion on Wednesday, September 11, 2024, at 4:30 PM Eastern Time.
Investors and interested parties can access a live webcast of the session through the Investor Relations section of the company's website at https://equitylifestyle.gcs-web.com/events-calendar. This event provides an opportunity for ELS to showcase its strategies and performance to a global audience of real estate investors and analysts.
Equity LifeStyle Properties, Inc. (NYSE: ELS) has announced its third quarter 2024 dividend. The Board of Directors declared a dividend of $0.4775 per common share on July 30, 2024. This dividend represents an annualized dividend of $1.91 per common share. The dividend will be paid on October 11, 2024 to stockholders of record as of the close of business on September 27, 2024. This announcement reflects ELS's commitment to providing regular returns to its shareholders and maintaining its dividend policy.
Equity LifeStyle Properties (NYSE: ELS) reported strong Q2 2024 results and increased its 2024 earnings guidance. Key highlights include:
- Q2 Normalized FFO per share: $0.66, up 2.9% YoY
- H1 Normalized FFO per share: $1.44, up 5.9% YoY
- Q2 Core property operating revenues: +4.6% YoY
- Q2 Core income from property operations: +5.5% YoY
- Core MH base rental income: +6.2% YoY in Q2, +6.3% YoY in H1
- Core RV and marina base rental income: +2.0% YoY in Q2, +4.0% YoY in H1
ELS also extended its $500M unsecured line of credit to July 2028 and provided updated 2024 guidance, projecting full-year Normalized FFO per share of $2.86 to $2.96.
Equity LifeStyle Properties (NYSE: ELS) has announced the release of its second-quarter 2024 earnings on July 22, 2024, after market close. The company's executive team will discuss the financial and operating results in a conference call and audio webcast scheduled for July 23, 2024, at 11:00 a.m. Eastern Time. The webcast and replay can be accessed on the company's Investor Relations website. Interested parties must register at least 15 minutes before the call to get dial-in details.
Equity LifeStyle Properties, Inc. (NYSE:ELS) declared a second quarter 2024 dividend of $0.4775 per common share, totaling $1.91 annually. The dividend will be paid on July 12, 2024, to stockholders of record as of June 28, 2024.
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