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Posted by
Two Blokes Jul 23 -
Filed in
Stock
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7 views
I maintain my 'hold' rating on Equity LifeStyle Properties, as its stable, recurring revenue and secure dividend are offset by weak seasonal demand and a lack of near-term catalysts. Q2 results were in-line, with solid core property income and impressive insurance cost reductions, but transient and home sales segments remain under pressure. ELS's balance sheet is strong, leverage is down, and the 3.3% dividend yield is safe, supporting long-term income growth for patient investors.
