- Equity LifeStyle’s normalized funds from operations (FFO) per share for the second quarter met expectations at 69 cents, compared to 66 cents in the same period last year.
- Total revenue for the second quarter was $376.9 million, slightly down by 0.8% from the previous year, and just under the estimated $377.3 million.
- For the third quarter, Equity LifeStyle projects normalized FFO per share to be between 72 cents and 78 cents, with a mid-point estimate of 75 cents.
- The full-year forecast for normalized FFO per share remains at $3.01 to $3.11, centered on an estimate of $3.07.
- Analysts’ recommendations include 10 buy ratings, 7 hold ratings, and 0 sell ratings for Equity LifeStyle.
A look at Equity Lifestyle Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Equity Lifestyle Properties shows a positive long-term outlook. With strong scores in Dividend and Growth, the company is positioned well for steady returns and potential expansion. Additionally, its Resilience score indicates a certain level of stability in uncertain market conditions. Although not the highest, the Momentum score suggests the company is moving in a positive direction. Overall, the company seems to have a solid foundation for future growth and income generation.
Equity Lifestyle Properties, Inc is focused on owning and managing communities primarily in the United States and western Canada, specializing in properties such as camping grounds and seasonal resort communities. With promising scores in key factors like Dividend and Growth, the company appears well-positioned to navigate market challenges and capitalize on opportunities for expansion. Investors may find this company appealing for its potential for both income through dividends and growth opportunities in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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