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Equity Lifestyle Properties (ELS) Q1 FFO Meet Estimates
ELSEquity LifeStyle Properties(ELS) ZACKS·2025-04-21 22:30

Group 1: Financial Performance - Equity Lifestyle Properties (ELS) reported quarterly funds from operations (FFO) of 0.83pershare,matchingtheZacksConsensusEstimateandshowinganincreasefrom0.83 per share, matching the Zacks Consensus Estimate and showing an increase from 0.78 per share a year ago [1] - The company posted revenues of 387.33millionforthequarterendedMarch2025,whichwas2.93387.33 million for the quarter ended March 2025, which was 2.93% below the Zacks Consensus Estimate, and a slight increase from 386.57 million year-over-year [2] - The current consensus FFO estimate for the upcoming quarter is 0.70onrevenuesof0.70 on revenues of 391.57 million, and for the current fiscal year, it is 3.07onrevenuesof3.07 on revenues of 1.58 billion [7] Group 2: Market Performance and Outlook - Equity Lifestyle Properties shares have declined approximately 1.9% since the beginning of the year, outperforming the S&P 500's decline of 10.2% [3] - The estimate revisions trend for Equity Lifestyle Properties is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] - The REIT and Equity Trust - Residential industry is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]