earnings
confidence high
sentiment neutral
materiality 0.55
ELS Q1 Normalized FFO $0.84 per share, up 0.3% YoY; MH base rental income up 5.7%
EQUITY LIFESTYLE PROPERTIES INC
2026-Q1 EPS reported
$0.56
revenue$397,622,000
- Q1 net income $0.56 per share (vs $0.57 YoY); Normalized FFO $0.84 (vs $0.83).
- Core property operating revenues up 3.7% YoY; core income from property operations up 4.9%.
- MH base rental income increased 5.7% YoY; RV/marina base rental income down 1.4%.
- Property insurance renewal completed with ~18% premium decrease vs prior year.
- Second quarter and full year 2026 guidance provided; midpoint consistent with prior expectations.