REIT Equity LifeStyle's Q4 revenue misses estimates

Equity Lifestyle Properties

28/01/2026 23:33

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.)