---
schema_version: "secwatch.filing_event.v1"
accession: "0000895417-25-000057"
form_type: "8-K"
ticker: "ELS"
cik: "0000895417"
company_name: "EQUITY LIFESTYLE PROPERTIES INC"
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T21:44:14.120681+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ELS reports Q1 Normalized FFO $0.83 (+6.7% YoY); guides FY25 Core NOI growth 4.5-5.5%

## Summary
- Q1 Normalized FFO per share $0.83 (+6.7% YoY); Core property revenue +2.9%, Core NOI +3.8%.
- FY25 guidance: Normalized FFO $3.01–$3.11/share; Core NOI +4.5%–5.5%, revenue +3.2%–4.2%.
- Annual dividend raised to $2.06/share, a 7.9% increase from $1.91 in 2024.
- Balance sheet: Debt/EV 19.3%, weighted avg interest rate 4.1%, avg maturity 8 years.
- Core MH occupancy 95%, 91% of revenue from annual sources; avg MH rate growth 5.3% over 5 years.

## SEC filing metadata
- accession: 0000895417-25-000057
- form_type: 8-K
- ticker: ELS
- cik: 0000895417
- company_name: EQUITY LIFESTYLE PROPERTIES INC
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895417/000089541725000057/0000895417-25-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895417/000089541725000057/els-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895417-25-000057
- JSON: https://secwatch.observer/filing/0000895417-25-000057.json
- Plain text: https://secwatch.observer/filing/0000895417-25-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.