{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-066614","form_type":"8-K","ticker":"ELS","cik":"0000895417","company_name":"EQUITY LIFESTYLE PROPERTIES INC","filed_at":"2026-10-21T13:15:23+00:00","discovered_at":"2026-10-21T13:16:00.175966+00:00","generated_at":"2026-10-21T13:16:08.428259+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"ELS Q3 normalized FFO $0.79, up 4.6%; net income falls on $12.1M tax valuation allowance","bullets":["Normalized FFO per share/OP unit $0.79 vs $0.75, +4.6% YoY, at midpoint of prior $0.76-$0.82 guidance.","Net income per share $0.45 vs $0.50 (-11.1%); FFO per share $0.72 vs $0.77 (-6.1%), reflecting a $12.1M deferred tax valuation allowance.","Core property revenue +4.4%, expenses +1.3%, and core property operating income +6.7% YoY for Q3 2026.","MH core base rent +5.7%; occupied sites rose 99 and home sales totaled 244 in Q3. RV/marina base rent +2.1%, annual base rent +5.3%, memberships +8.4%.","Preliminary 2027 assumptions: Core MH base rent growth ~5.1% and Core RV annual rent growth ~4.7%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-066614","json":"https://secwatch.observer/filing/0001628280-26-066614.json","markdown":"https://secwatch.observer/filing/0001628280-26-066614.md","text":"https://secwatch.observer/filing/0001628280-26-066614.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/895417/000162828026066614/0001628280-26-066614-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/895417/000162828026066614/els-20261020.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-21T13:16:08.428259+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}