Equity LifeStyle Properties Q1 Normalized FFO, Revenue Increase; Sets Q2, Full-Year Guidance

MT Newswires Live

04-22

Equity LifeStyle Properties (ELS) reported Q1 normalized funds from operations late Monday of $0.83 per diluted share, up from $0.78 a year earlier.

Analysts polled by FactSet expected $0.83.

Revenue for the quarter ended March 31 was $387.3 million, up $386.6 million from a year earlier.

Analysts surveyed by FactSet expected $335.1 million.

The company said it expects Q2 normalized funds from operations of $0.66 to $0.72 per share. Analysts surveyed by FactSet expect $0.70.

Equity LifeStyle Properties also expects full-year 2025 normalized funds from operations of $3.01 to $3.11 per share. Analysts surveyed by FactSet expect $3.07.

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