Earnings summaries and quarterly performance for EQUITY LIFESTYLE PROPERTIES.
Executive leadership at EQUITY LIFESTYLE PROPERTIES.
Board of directors at EQUITY LIFESTYLE PROPERTIES.
Research analysts who have asked questions during EQUITY LIFESTYLE PROPERTIES earnings calls.
Eric Wolfe
Citi
10 questions for ELS
John Kim
BMO Capital Markets
10 questions for ELS
Michael Goldsmith
UBS
10 questions for ELS
Steve Sakwa
Evercore ISI
9 questions for ELS
Jana Galan
Bank of America
8 questions for ELS
Wesley Golladay
Robert W. Baird & Co.
8 questions for ELS
Brad Heffern
RBC Capital Markets
7 questions for ELS
David Segall
Green Street
7 questions for ELS
Jamie Feldman
Wells Fargo & Company
7 questions for ELS
Jason Wayne
Barclays
6 questions for ELS
Omotayo Okusanya
Deutsche Bank AG
3 questions for ELS
Anthony Hau
Truist Securities
2 questions for ELS
James Feldman
Wells Fargo
2 questions for ELS
John Pawlowski
Green Street
2 questions for ELS
Samir Khanal
Bank of America
2 questions for ELS
Amadeo Ocasana
Deutsche Bank
1 question for ELS
Brad Heffer
RBC
1 question for ELS
Cooper Clark
Wells Fargo
1 question for ELS
David Siegel
Green Street Advisors
1 question for ELS
Jason Conley
Barclays
1 question for ELS
Joshua Dennerlein
BofA Securities
1 question for ELS
Keegan Carl
Wolfe Research, LLC
1 question for ELS
Mason P. Guell
Robert W. Baird & Co. Incorporated
1 question for ELS
Michael Bilerman
Wells Fargo & Company
1 question for ELS
Nicholas Joseph
Citigroup
1 question for ELS
Peter Abramowitz
Jefferies
1 question for ELS
Thomas Asakiana
Deutsche Bank AG
1 question for ELS
Wesley Gallaudet
Bayer
1 question for ELS
Recent press releases and 8-K filings for ELS.
- Clarion Partners has acquired Sancerre at Atlee Station, a Class A senior living community in Mechanicsville, VA, marking its first senior housing acquisition.
- As part of the transaction, Clarion Partners formed a strategic partnership with Experience Senior Living (ESL), which will continue to manage and operate the community.
- Sancerre at Atlee Station, which opened in September 2023, achieved 90% occupancy by October 2024.
- For Q2 2025, Equity LifeStyle Properties reported normalized FFO of $0.69 per share , with year-to-date normalized FFO per share growth of 5.7%. Core Net Operating Income (NOI) increased 6.4% in Q2 2025 and 5% year-to-date.
- The company maintained its full-year 2025 normalized FFO guidance at $3.06 per share at the midpoint, which represents an estimated 0.9% growth compared to 2024.
- The Manufactured Housing (MH) portfolio, which accounts for approximately 60% of total revenue, experienced 5.5% revenue growth in Q2 2025 and maintained over 94% occupancy. However, the RV and Marina annual revenue guidance was reduced due to higher attrition, particularly impacting 20 properties in the North and Northeast.
- Equity LifeStyle Properties' balance sheet remains strong, with a debt to EBITDAre of 4.5 times and interest coverage of 5.6 times, providing access to over $1 billion in capital as of Q2 2025.
- ELS operates a high-quality portfolio of manufactured home communities, RV resorts, campgrounds, and marinas across North America, and is a S&P 400 company with an enterprise value of $16.6 billion.
- Q1 2025 performance shows robust growth with core property operating revenues up 2.9%, MH base rental income up 5.5%, and RV/marina annual base rental income up 4.1%.
- The presentation confirms full-year 2025 guidance with Normalized FFO per share between $3.01 and $3.11 and an approved annual dividend rate increase to $2.06 per share.
- Officer appointments: Marguerite Nader was named Vice Chairman while continuing as CEO, and Patrick Waite was promoted to President, effective April 29, 2025.
- Annual meeting results: The meeting saw shareholder votes that elected board members, ratified Ernst & Young LLP as the auditor, and approved executive compensation on a non-binding advisory basis.
- Dividend declaration: The company declared a Q2 2025 dividend of $0.515 per share, with a payment date set for July 11, 2025.
- Q1 2025 Financial Results: Normalized FFO per common share increased by 6.7% to $0.83 with full-year guidance of $3.06 per share, while net income per common share was $0.57 (down 3.0% YoY)
- Core Operating Performance: The core portfolio achieved 3.8% NOI growth, with rental revenues up 2.9% and core income increased by 3.8%
- MH Segment Highlights: Overall occupancy held at 94% and homeowner occupancy at 97%, despite the loss of approximately 170 occupied sites due to hurricanes
- MH Base & New Home Sales: Base rental income grew by 5.5% with 117 new home sales at an average price of approximately $81,000
- Other Revenue Metrics: Core RV and marina annual base rental income increased by 4.1%, and property & casualty insurance premiums decreased by 6.1%
- Financial Flexibility: The balance sheet remains resilient with a weighted average debt maturity of 8.4 years and access to $1 billion in capital
Quarterly earnings call transcripts for EQUITY LIFESTYLE PROPERTIES.
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