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ELS

Equity Lifestyle

$87.87

-0.23 (-0.26%)

16:35
09/19/17
09/19
16:35
09/19/17
16:35

Equity Lifestyle provides update on Hurricane Irma impact, reaffirms guidance

Equity LifeStyle Properties provided an update on the impact of Hurricane Irma on its Florida properties. Efforts to restore affected properties are underway, with some already substantially complete. All Florida mainland properties are open for business and have staff onsite. The company has been onsite to assess its two RV resorts in the Florida Keys: Fiesta Key in Long Key and Sunshine Key in Big Pine Key. Electrical service has been restored to Fiesta Key, and the company expects that both of these properties will be open for business once utility services are fully restored. Equity LifeStyle Properties is in the process of estimating costs associated with cleanup and restoration efforts, and the company believes that it has adequate insurance, subject to deductibles, including business interruption coverage. At this time, the company does not believe that Hurricane Irma will significantly impact its results of operations or its financial condition on a consolidated basis and, accordingly, the company reaffirms previously issued 2017 guidance.

  • 17

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ELS Equity Lifestyle
$87.87

-0.23 (-0.26%)

11/21/16
BARD
11/21/16
UPGRADE
BARD
Outperform
Equity Lifestyle upgraded to Outperform from Neutral at Baird
11/21/16
BARD
11/21/16
UPGRADE
Target $78
BARD
Outperform
Equity Lifestyle upgraded to Outperform at Baird
As reported previously, Baird analyst Drew Babin upgraded Equity Lifestyle to Outperform from Neutral. The analyst met with management and came away with renewed confidence the company would outperform the residential sector in terms of both same property NOI growth and core FFO growth. Babin maintained his $78 price target on Equity Lifestyle shares.
03/03/17
EVER
03/03/17
DOWNGRADE
EVER
Underperform
Equity Lifestyle downgraded to Underperform from Hold at Evercore ISI
09/08/17
BARD
09/08/17
DOWNGRADE
BARD
Neutral
Equity Lifestyle downgraded to Neutral from Outperform at Baird

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