Overview
Real estate investment trust's Q4 revenue missed analysts' expectations
Q4 EPS beat analyst expectations, net income also exceeded estimates
Company announced 5.3% increase in annual dividend for 2026
Outlook
Equity LifeStyle Properties expects 2026 full-year net income per share between $2.06 and $2.16
Company projects 2026 full-year FFO per share between $3.12 and $3.22
Equity LifeStyle Properties sees 2026 MH base rental income growth of 5.1% to 6.1%
Result Drivers
CORE PORTFOLIO GROWTH - Core portfolio income from property operations grew by 4.8% for the year, exceeding long-term averages
BASE RENTAL INCOME - MH base rental income increased by 5.5% and RV and marina base rental income rose by 4.1% for the year
EXPANSION SITES - Added 362 expansion sites during 2025, contributing to income growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $373.90 mln | $388.05 mln (5 Analysts) |
Q4 EPS | Beat | $0.52 | $0.51 (8 Analysts) |
Q4 Net Income | Beat | $103.80 mln | $99.71 mln (7 Analysts) |
Q4 FFO Per Share | $0.78 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the residential reits peer group is "buy"
Wall Street's median 12-month price target for Equity LifeStyle Properties Inc is $68.00, about 9.8% above its January 28 closing price of $61.92
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 30 three months ago
Press Release: ID:nPnbPjBQka
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)