ELS Q4 Normalized FFO $0.79, +4.2% YoY; raises 2026 dividend 5.3% to $2.17

EQUITY LIFESTYLE PROPERTIES INC

2025-FY EPS reported $2.01 revenue$1,531,382,000

Q4 net income $0.52 per share (up 3.2%); FFO $0.78 per share (up 2.4% YoY).
Full-year 2025 Normalized FFO $3.06 per share, up 5.0% from $2.91.
Board approves 2026 annual dividend $2.17/share, increase of $0.11 (5.3%) from $2.06.
Portfolio of 453 properties, 173,355 sites as of Dec 31, 2025.

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