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Equity Lifestyle Properties, Inc. - ELS STOCK NEWS

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.

News

ELS Reports First Quarter Results

Rhea-AI Summary
Equity LifeStyle Properties, Inc. (ELS) reported strong financial results for the first quarter of 2024, with total revenues of $386.6 million, a 4.5% increase from the same period last year. Net Income available for Common Stockholders rose to $109.9 million, up by 33.5% compared to Q1 2023. The company's Funds from Operations (FFO) per Common Share and OP Unit increased to $0.86, showing an impressive 19.4% growth year-over-year. ELS's core portfolio performance also improved, with core property operating revenues up by 5.8% and Core Income from property operations increasing by 7.1% from Q1 2023.
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Equity LifeStyle Properties, Inc. Announces First Quarter 2024 Earnings Release and Conference Call

Rhea-AI Summary
Equity LifeStyle Properties, Inc. (ELS) announces the release of their first-quarter 2024 earnings and conference call. The earnings will be disclosed on April 22, 2024, followed by a conference call on April 23, 2024. Interested parties can register on the company's website to participate in the call.
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ELS to Participate at Citi CEO Conference

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Equity LifeStyle Properties, Inc. (NYSE: ELS) will participate in the Citi 2024 Global Property CEO Conference. CEO Marguerite Nader will lead a roundtable discussion and Q&A session on March 4, 2024. The event will be live-streamed on the company's website.
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ELS Declares First Quarter 2024 Dividend and Elects Radhika Papandreou to the Board of Directors

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Equity LifeStyle Properties, Inc. (ELS) declared a first quarter 2024 dividend of $0.4775 per common share, representing an annualized dividend of $1.91 per common share. The dividend will be paid on April 12, 2024, to stockholders of record at the close of business on March 28, 2024. The Board also increased its size by one director and elected Ms. Radhika Papandreou as a new director. Ms. Papandreou has an extensive background in executive and board placements, managing large-scale client projects, and has experience in the investment banking industry.
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ELS Reports Fourth Quarter Results

Rhea-AI Summary
Equity LifeStyle Properties, Inc. (ELS) reported strong financial results for Q4 2023, with total revenues of $360.6 million, a 5.9% increase from Q4 2022. Net income available for common stockholders also saw a significant rise of $18.9 million, reaching $91.9 million. The company's Funds from Operations (FFO) per common share and OP Unit increased by $0.13, while Normalized FFO per common share and OP Unit rose by $0.07. The core portfolio performance exhibited a 6.6% increase in core property operating revenues and a 5.2% increase in core income from property operations, excluding property management. Additionally, the annual dividend rate for 2024 has been set at $1.91 per share of Common Stock, marking a 6.7% increase over 2023.
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ELS Announces Tax Treatment of 2023 Distributions

Rhea-AI Summary
Equity LifeStyle Properties, Inc. (ELS) has announced the tax treatment of their 2023 common stock distributions. The total distribution for 2023 is $2.200000, with $1.795010 allocated as ordinary taxable dividends. The company owns or has an interest in 450 properties in the US, consisting of 171,707 sites.
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Equity LifeStyle Properties, Inc. Announces Fourth Quarter 2023 Earnings Release and Conference Call

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Equity LifeStyle Properties, Inc. (ELS) announced the release of their fourth quarter 2023 earnings on January 29, 2024, followed by a conference call on January 30, 2023 to discuss operating and financial results. The live audio webcast and replay of the conference call will be available on their website.
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Petite Retreats Announces Festive '12 Days of Gifts & Glamping' Sweepstakes

Rhea-AI Summary
Petite Retreats (Ticker: PR) is hosting the 12 Days of Gifts & Glamping sweepstakes, offering a chance to win a six-night rental stay at a Petite Retreats location, along with 11 other prizes. The contest features glamping-style accommodations such as tiny houses, colorful cottages, cabins, and yurts, providing unique experiences in top vacation destinations with resort-style amenities. The sweepstakes begins on December 11, with daily winners selected. Prizes include stays at various locations, a glamping gift package, a 40oz Petite Retreats Stanley© Tumbler and tote bag, a 1927 s'mores package, and an organic sprouted nuts gift bundle, culminating with the grand prize six-night stay at any Petite Retreats location. Participants can register daily on Facebook, Instagram, or Pinterest to be eligible to win each day's prize.
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ELS Declares Fourth Quarter 2023 Dividend

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Equity LifeStyle Properties, Inc. declares a Q4 2023 dividend of $0.4475 per common share, representing an annualized dividend of $1.79 per common share. The dividend will be paid on January 12, 2024 to stockholders of record at the close of business on December 29, 2023.
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ELS Reports Third Quarter Results

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Equity LifeStyle Properties, Inc. reports strong financial results for Q3 2023 and provides updates on core portfolio performance and balance sheet activity.
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FAQ

What is the current stock price of Equity Lifestyle Properties (ELS)?

The current stock price of Equity Lifestyle Properties (ELS) is $66.61 as of December 20, 2024.

What is the market cap of Equity Lifestyle Properties (ELS)?

The market cap of Equity Lifestyle Properties (ELS) is approximately 12.6B.

What is Equity LifeStyle Properties, Inc.?

Equity LifeStyle Properties is a real estate investment trust (REIT) that owns and operates high-quality resort communities across the United States and British Columbia.

What type of properties does Equity LifeStyle Properties own?

The company owns manufactured housing, residential vehicle communities, and marinas.

Where are Equity LifeStyle Properties' communities located?

Equity LifeStyle Properties' communities are located in 28 states and British Columbia, with a focus on attractive retirement destinations.

What is the significance of the 'Community of the Year' awards?

The 'Community of the Year' awards recognize the outstanding quality of Equity LifeStyle Properties' communities and the professionalism of their management.

What distinguishes Equity LifeStyle Properties from other REITs?

Equity LifeStyle Properties benefits from its large size, national scope, and status as a publicly traded company, providing them access to capital for growth and improvements.

What is Petite Retreats?

Petite Retreats is a venture by Equity LifeStyle Properties offering unique vacation rentals like tiny houses, cottages, cabins, and yurts.

What is the '12 Days of Gifts & Glamping' sweepstakes?

This sweepstakes by Petite Retreats offers participants a chance to win a six-night rental stay at a Petite Retreats location, along with other prizes.

How does Equity LifeStyle Properties create value for investors?

The company creates value by providing high levels of service and amenities in attractive surroundings, thus enhancing resident satisfaction and maintaining high occupancy rates.

What percentage of Equity LifeStyle Properties' communities are age-restricted?

Over 70% of the company's properties are either age-restricted or have an average resident age over 55.

How does Equity LifeStyle Properties manage its communities?

The company streamlines management operations by owning multiple communities, ensuring consistent high standards and professional service across all locations.

Stock ELS logo
Equity Lifestyle Properties, Inc.

NYSE:ELS

ELS Rankings

#731 Ranked by Market Cap
#1120 Ranked by Dividends

ELS Stock Data

12.64B
182.15M
4.65%
99.8%
2.34%
REIT - Residential
Real Estate Investment Trusts
Link
United States of America
CHICAGO