earnings
confidence high
sentiment positive
materiality 0.55
ELS reports Q2 Normalized FFO $0.69, up 4.7% YoY; updates 2025 guidance
EQUITY LIFESTYLE PROPERTIES INC
2025-Q2 EPS reported
$0.99
revenue$764,200,000
- Normalized FFO per share $0.69 for Q2 2025, up 4.7% YoY, at midpoint of guidance range of $0.66-$0.72.
- Core property operating revenues +3.5%, expenses flat, and income from property ops +6.4% vs Q2 2024.
- MH base rental income +5.5%; RV and marina base rental income +0.7% in Q2 2025.
- Entered $240M term loan at SOFR+1.20%, matures May 2030; repaid $86.9M mortgage debt.
- Full year 2025 Normalized FFO guidance $3.01-$3.11; Q3 guidance $0.72-$0.78 per share.
item 2.02item 9.01