Equity LifeStyle Properties Rides a Rising Tide of Demand

Marc Rapport, The Motley Fool

October 28, 2021 at 10:00 a.m.·4 min read

Summertime is high season for getaways, and despite -- or maybe because of -- the continuing pandemic, it proved to be a hot three months for a real estate investment trust (REIT) that specializes in cottages, cabins, recreational vehicles, and manufactured home communities. "The third quarter represents our most active camping season, and our results show the demand for our product offerings," Marguerite Nader, president and CEO of Equity LifeStyle Properties (NYSE: ELS), said in the company's 3Q20 earnings call on Oct. 19. Nader pointed to that important REIT metric in the earnings call, touting normalized FFO growth of 18% compared with 3Q20 and 21% compared to pre-pandemic 3Q19.

Associated Press Finance
Caitlin Clark is set to sign a new Nike deal valued at $28 million over 8 years, reports say
Caitlin Clark appears to be on the cusp of setting another record. The most prolific scorer in NCAA Division I history and the No. 1 overall pick in the WNBA draft will continue her association with Nike by signing a $28 million contract that spans eight years and includes a signature shoe. The Wall Street Journal and The Athletic reported the pending deal, citing unnamed people familiar with the negotiations between the sportswear giant and Clark's agents.
a minute ago
Reuters
ASMI raises Q2 revenue forecast, Chinese bookings stronger than expected
ASMI said it now expected revenue in the quarter between 660 million euros and 700 million euros ($706 million to $749 million) at constant currencies, compared with 600-640 million euros previously. For the first quarter, ASMI reported 698 million euros in orders, against a 658 million euro analyst consensus forecast provided by researcher Visible Alpha.
2 minutes ago
Yahoo Life Shopping
'Wrinkles are clearing up': Olay's ultimate anti-aging cream is on sale for just $17
Shoppers rave about how it helps to firm crepey skin and minimize fine lines while you sleep.
3 minutes ago
The Canadian Press
Florida's Ricky Pearsall ready to move past his famous catch and add NFL clips to his highlight reel
GAINESVILLE, Fla. (AP) — Ricky Pearsall’s viral moment lasted months and even gained traction in recent weeks. It's sure to garner more attention during the NFL draft. The former Florida standout is one of approximately a dozen receivers expected to be selected in the first two rounds of the draft beginning Thursday night. He’s widely viewed as a second-round pick in what appears to be the deepest group of receivers in years, maybe even decades. And when Pearsall’s name gets called, there’s one
5 minutes ago
Miami Herald
Clerk makes mistake on Powerball ticket — but it doubles player’s win. ‘Lucky woman’
“I felt my body shaking, I dropped to my knees and thanked God,” the Maryland woman said.
5 minutes ago
The Guardian
Sunak ‘confident’ civil service will enact Rwanda bill despite legal concerns
Union threatens ministers with legal action amid fears staff could be obliged to breach civil service code and international law
6 minutes ago
Miami Herald
Don’t pay attention to abortion rights fear-mongering by DeSantis and Florida GOP | Opinion
When it’s your daughter with a zygote or an embryo inside of her threatening her life, you, her parents — Democrat or Republican — will want doctors to have constitutionally-guaranteed access to whatever tools they need, says columnist Fabiola Santiago | Opinion
6 minutes ago
The Telegraph
Thames Water plots £2bn shareholder giveaway despite threat of collapse
Thames Water is planning to pay out £2bn in dividends over the next decade despite growing fears over the company’s collapse, The Telegraph can reveal.
7 minutes ago
People
Can You Put Parchment Paper in an Air Fryer? All of Your Air Fryer Questions Answered by Experts
There are a few tricks to making the most out of the trendy kitchen gadget
7 minutes ago
ABC News
Police searching for ex-cop who allegedly killed ex-wife, girlfriend; abducted 1-year-old in Washington
A former police officer is on the run after allegedly killing his ex-wife and girlfriend and abducting a 1-year-old child in Washington state, according to authorities. Elias Huizar allegedly killed a woman outside Wiley Elementary School on Monday afternoon, according to West Richland police. Hours later, authorities said they found another homicide victim, "a known associate of the suspect," while serving a search warrant at Huizar's residence.
7 minutes ago
Cover Media
Anne Hathaway once had to kiss 10 men during 'gross' audition
The Devil Wears Prada actress revealed that she hated having to kiss 10 different men in order to figure out who should play her love interest in a movie around 20 years ago. "Back in the 2000s - and this did happen to me - it was considered normal to ask an actor to make out with other actors to test for chemistry. Which is actually the worst way to do it. I was told, 'We have ten guys coming today and you're cast. Aren't you excited to make out with all of them?'…”
7 minutes ago
Raleigh News and Observer
‘We don’t call them tents. We call them homes.’ Homeless encampment near Garner evicted.
A man who goes by Wild Horse and is the unofficial mayor of the encampment, said: “We keep getting kicked out. We keep getting pushed out.”
8 minutes ago
The Canadian Press
US government agrees to $138.7M settlement over FBI's botching of Larry Nassar assault allegations
DETROIT (AP) — The U.S. Justice Department announced a $138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest. When combined with other settlements, roughly $1 billion now has been set aside by various organizations to compensate hundreds of women who said Nassar assaulted them unde
8 minutes ago
Evening Standard
Arsenal vs Chelsea LIVE! Premier League match stream, latest team news, lineups, TV, prediction today
Victory will take the Gunners three points clear at the top
8 minutes ago
WESH - Orlando Videos
Officials confirm missing Kissimmee woman, husband found dead in wooded area
Officials confirm missing Kissimmee woman, husband found dead in wooded area
8 minutes ago
Yahoo Finance
The US economy showed signs of a 'wobble' in April
Economic output scaled back in April as business digested that interest rates could remain higher for longer than initially hoped.
8 minutes ago
The Telegraph
Sex and the City handbag designer jailed for smuggling reptile skins into US
A high-end handbag designer whose products have been seen on Victoria Beckham and Britney Spears has been jailed for smuggling reptile skins into the US.
9 minutes ago
Storyful
Satellite Imagery Shows Three Back-to-Back Cyclones Moving Toward Western North America
Three back-to-back cyclones moved across the eastern Pacific and western North America on Monday, April 22, bringing windy conditions to parts of the region.Satellite imagery captured by the Cooperative Institute for Research in the Atmosphere (CIRA) shows the three mid-latitude cyclones swirling across the region. According to the National Weather Service (NWS), mid-latitude cyclones are associated with stormy conditions such as wind and precipitation.The NWS issued a small craft advisory to remain in effect for parts of Oregon and Washington until Tuesday evening due to increased winds. Credit: CSU/CIRA & NOAA via Storyful
9 minutes ago
Kansas City Star
KC Comets soccer team sweeps Milwaukee Wave, advances to MASL championship series
Having outlasted the Milwaukee Wave, the KC Comets will play the Chihuahua Savage in the MASL Ron Newman Cup finals for indoor soccer.
10 minutes ago
WEWS-Cleveland Videos
Convicted Akron rapist behind bars now on trial for 2010 case
The trial for a previously convicted Akron rapist began Monday morning in the Summit County Court of Pleas for a sexual assault case from 14 years ago.
10 minutes ago

Latest Stories