earnings
confidence high
sentiment positive
materiality 0.75
ELS Q3 Normalized FFO $0.75, +4.6% YoY; Issues 2026 rent rate growth of 5.1%
EQUITY LIFESTYLE PROPERTIES INC
2025-Q3 EPS reported
$1.49
revenue$1,157,514,000
- Normalized FFO per share $0.75, up 4.6% YoY, at midpoint of $0.72-$0.78 guidance.
- Core property operating revenues +3.1%; core income from property ops ex-PM +5.3% YoY.
- MH base rental income up 5.5% YoY; 114 new homes sold in Q3.
- Preliminary 2026: ~50% of MH residents get ~5.1% avg rate increase; RV annual rates up 5.1%.
- Full-year 2025 Normalized FFO guidance raised to $3.01-$3.11 per share.