Equity Lifestyle Properties, Inc. (NYSE:ELS) Shareholders to Receive $0.54 Quarterly Dividend

Key Points

• Equity Lifestyle Properties declared a quarterly dividend of $0.5425 per share, payable January 8 to shareholders of record December 24. The annualized dividend is $2.17 per share, yielding approximately 3.7%.
• The REIT has raised its dividend for 21 consecutive years, but its current payout ratio is elevated at 102.4%. Analysts expect improved earnings coverage next year, with a projected payout ratio of 64.6%.
• ELS shares opened at $57.97, down 2.6%, near their 12-month low. The company’s latest quarterly EPS of $0.45 missed estimates of $0.79, although revenue of $409.9 million exceeded expectations and rose 4.2% year over year.

Equity Lifestyle Properties, Inc. (NYSE:ELS - Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, December 24th will be paid a dividend of $0.5425 per share by the real estate investment trust on Friday, January 8th. This represents a $2.17 annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, December 24th.

Equity Lifestyle Properties has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 21 years. Equity Lifestyle Properties has a payout ratio of 102.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Equity Lifestyle Properties to earn $3.36 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 64.6%.

Equity Lifestyle Properties Trading Down 2.6%

Shares of ELS opened at $57.97 on Thursday. Equity Lifestyle Properties has a twelve month low of $57.46 and a twelve month high of $69.00. The stock has a market cap of $11.25 billion, a PE ratio of 28.56, a P/E/G ratio of 3.49 and a beta of 0.63. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.32. The business's 50-day moving average price is $60.99 and its 200-day moving average price is $63.54.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.34). The firm had revenue of $409.90 million during the quarter, compared to the consensus estimate of $402.75 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.73%. Equity Lifestyle Properties's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. On average, equities analysts forecast that Equity Lifestyle Properties will post 3.19 EPS for the current fiscal year.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc NYSE: ELS is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.

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