Highest-materiality recent filing
ELS Q2 Normalized FFO $0.74, up 7.7% YoY, above guidance midpoint
Net income per share $0.50, up 19.1% YoY; Normalized FFO $0.74, up 7.7% YoY.
ELS investor presentation: 453 properties, 173,419 sites, 92% annual revenue
Portfolio consists of 453 properties with 173,419 sites across 35 states and 1 Canadian province as of March 31, 2026.
ELS Q4 Normalized FFO $0.79, +4.2% YoY; raises 2026 dividend 5.3% to $2.17
Q4 net income $0.52 per share (up 3.2%); FFO $0.78 per share (up 2.4% YoY).
ELS Q3 Normalized FFO $0.75, +4.6% YoY; Issues 2026 rent rate growth of 5.1%
Normalized FFO per share $0.75, up 4.6% YoY, at midpoint of $0.72-$0.78 guidance.
ELS reports Q1 Normalized FFO $0.83 (+6.7% YoY); guides FY25 Core NOI growth 4.5-5.5%
Q1 Normalized FFO per share $0.83 (+6.7% YoY); Core property revenue +2.9%, Core NOI +3.8%.
ELS Q1 Normalized FFO rises 6.7% YoY to $0.83/share; issues 2025 guidance
Q1 Normalized FFO $0.83/share (up 6.7% YoY); GAAP EPS $0.57 (down 3% YoY).
Equity LifeStyle Properties Provides 2025 Guidance and Dividend Increase in Investor Presentation
2024 Normalized FFO per share was $2.91, a 5.9% increase over 2023.
ELS Q4 normalized FFO up 6.9% to $0.76; annual dividend raised 7.9% to $2.06
Q4 2024 normalized FFO per share $0.76 vs $0.71 YoY, +6.9%.
ELS Q3 Normalized FFO $0.72, up 4.9% YoY; issues preliminary 2025 rent growth of ~5%
Q3 Normalized FFO $0.72/share, at midpoint of guidance; Net income $0.44/share, up 7.5% YoY.
ELS beats Q2 Normalized FFO, raises full-year guidance to $2.86-$2.96
Q2 Normalized FFO $0.66/share vs guidance midpoint $0.64; up 2.9% YoY.
ELS Q1 net income $109.9M ($0.59 EPS), revenue $386.6M, up from $82.4M/$0.44 YoY
Total revenue rose 4.5% to $386.6M from $370.0M in Q1 2023.
ELS reports Normalized FFO per share up 4.7% to $2.75 in 2023; Jan QTD core MH rent growth 6.6%
Normalized FFO per common share $2.75 for 2023, up 4.7% YoY.
Equity LifeStyle Properties enters into $500M at-the-market stock offering program
Up to $500M of common stock may be sold through agents including Morgan Stanley, BMO, BofA Securities, Goldman Sachs and others.
Total revenue $360.6M vs $340.6M in Q4 2022; net income $91.9M vs $73.0M.
ELS restates 2022 and Q1 2023 financials after SEC forces materiality correction
On Jan 19, 2024, Audit Committee determined prior financials (FY2022, Q1 2023) were materially misstated due to cash flow classification error for manufactured home purchases.
ELS Q2 revenue rises 1.3% to $370M; EPS $0.34; guidance increased
Q2 total revenues $370.0M vs $365.3M in Q2 2022, up 1.3%.
ELS Chairman Samuel Zell passes away; Thomas Heneghan named Chairman
Samuel Zell, Chairman of ELS since 1995, passed away on May 18, 2023.
ELS Q4 revenue $340.6M (+1.6%); FY revenue $1.45B (+9.9%); dividend raised to $1.79
Q4 total revenues $340.6M, up 1.6% YoY from $335.3M.
ELS Q3 revenue up 9.7% to $381M; EPS down to $0.36; guidance revised for Hurricane Ian
Q3 total revenues $381.0M, up 9.7% YoY; net income $67.2M ($0.36 per share), down from $70.6M ($0.38).
Gulf Air RV (246 sites) and Fort Myers Beach RV (292 sites) near Fort Myers suffered significant flooding and wind damage; Palm Harbour Marina (260 slips) also damaged.
ELS Q2 revenue $365.3M (+10.7% YoY); EPS flat at $0.33; guidance updated
Q2 total revenues $365.3M, up 10.7% YoY from $330.1M.
named Marguerite Nader as Vice Chairman of the Board and promoted Patrick Waite as President, both effective immediately.
named Marguerite Nader as Vice Chairman of the Board and promoted Patrick Waite as President, both effective immediately.
Effective February 4, 2025, Caroline Karp, Senior Vice President and Chief Accounting Officer of Equity LifeStyle Properties, Inc. (referred to herein as “we,” “us,” the “Company” and “our”) assumed the role of principal accounting officer.
On February 7, 2024, Valerie Henry, our Senior Vice President and Chief Accounting Officer notified us that she will be resigning in order to pursue an opportunity at a different company.
Following Ms. Henry’s last day of employment, Paul Seavey, our Executive Vice President and Chief Financial Officer, will assume the responsibilities of principal accounting officer.
On February 6, 2024, the Board of Directors (the “Board”) of Equity LifeStyle Properties, Inc. (referred to herein as “we,” “us” and “our”) increased the size of the Board by one director from nine to ten directors and elected Ms. Radhika Papandreou to fill the vacancy created by the increase in the number of directors.
On February 6, 2024, Ms. Sheli Rosenberg, a member of our Board, informed the Board that she will not stand for reelection at the Company’s 2024 Annual Meeting of Stockholders.
announced the retirement of Roger Maynard as Executive Vice President – Investments effective March 31, 2022.
Michael Bailey, Senior Vice President – Investments, will assume the duties of Mr. Maynard with respect to acquisition and investment opportunities.
Max materiality 0.85 · Median 0.53 · Most common event earnings