ELS Earnings Prediction
The chart below shows how ELS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ELS sees a -0.71% change in stock price 10 days leading up to the earnings, and a +1.22% change 10 days following the report. On the earnings day itself, the stock moves by +0.65%. This data can give you a slight idea of what to expect for the next quarter's release.
ELS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
370.91M
3.36%
-3.68%
Gross Margin
42.50%
10.05%
15.11%
Operating Margin
36.96%
13.34%
20.90%
Net Margin
27.11%
0.89%
20.17%
EPS
0.48
-2.04%
9.09%
No Data Available
ELS Earnings Analysis
Equity LifeStyle Properties Inc Corporation (ELS.N) Earnings Conference Call
Positive
NOI and FFO Growth: Full year growth in NOI of 6.5% and a 5.9% increase in normalized FFO per share, demonstrating strong core operations and FFO growth.
NOI and FFO Growth: Average core NOI grew 5.3% and normalized FFO grew nearly 8% over the last 10 years, both outpacing the REIT industry average.
Annual Dividend Increase: The Board approved an annual dividend rate of $2.06 per share, marking an 8% increase and the 21st consecutive year of annual dividend growth.
Normalized FFO Growth Outlook: In 2025, normalized FFO growth is anticipated at 5%, supported by strong property performance and favorable industry conditions.
Revenue Growth Drivers: The 5-year revenue CAGR for MH and RV in primary markets is nearly 6%, driven by consistent demand and population growth in key states.
Negative
Decline in New Home Sales: New home sales for the quarter were down over 30% year over year, significantly impacted by disruptions from hurricanes and a mild start to the Sunbelt season.
Rental Income Decline: Core seasonal rent decreased by 4.7% and transient rent decreased by 4.3% for the full year 2024 compared to the previous year, indicating a decline in rental income.
Non-Core NOI Projection: The guidance for 2025 projects lower non-core NOI of $10.8 million at the midpoint, down from $16 million in 2024, reflecting timing issues with insurance recovery and stabilization of non-core properties.
RV and Marina Rent Growth: The annual RV and Marina rent growth is projected to be lower than previous years, with a midpoint guidance of 5.2%, indicating a slowdown in revenue growth due to higher attrition rates and lower starting occupancy for 2025.
Membership Decline and Challenges: The Thousand Trails membership count declined year over year, now lower than 2020 levels, suggesting a decrease in customer retention and potential revenue challenges in the RV segment.
ELS FAQs
How does ELS typically perform around its earnings report dates?
Is Equity LifeStyle Properties Inc (ELS) Q4 2024 Earnings Call Summary positive or negative?
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ELS Earning Call Sentiment
Earnings call transcript: Equity Lifestyle Q4 2024 beats forecasts, stock dips
ELS.N
0.68%Positive
The earnings call presents strong financial performance with increased FFO, NOI, and dividend growth. Despite some declines in seasonal and transient rents, the guidance remains optimistic with a projected increase in core property income and rent. The Q&A reveals concerns about hurricane impacts and unclear responses, but the overall sentiment is positive due to strong financial metrics, dividend growth, and guidance. The stock is likely to see a positive movement, as these factors outweigh the uncertainties.
