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Equity LifeStyle Properties Inc (ELS) stock

ELSNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 9/309% above fair value
$59.03+0.18 (+0.31%)

Close on Oct 30, 2026Market cap $11.46BP/E 28.7Yield 3.49%

Earnings

Equity LifeStyle Properties's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Jan 28, 2027
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$409.90M
Normalized FFO per Common Share and OP Unit, Q3 FY2026
$0.79
$0.75 a year earlier
Latest guidance
Raised
Oct 21, 2026 · 23 items

Quarterly results

Revenue and earnings per share from each of Equity LifeStyle Properties's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Jan 28, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 21, 2026before the open$409.90M–$0.45$0.79Release
Q2 FY2026ended Jun 30, 2026Jul 23, 2026before the open–––$0.74Release
Q1 FY2026ended Mar 31, 2026Apr 22, 2026before the open$397.62M+2.7%$0.56$0.84Release
Q4 FY2025ended Dec 31, 2025Jan 29, 2026before the open––––Release
Q3 FY2025ended Sep 30, 2025Oct 23, 2025before the open–––$0.75Release
Q2 FY2025ended Jun 30, 2025Jul 22, 2025before the open–––$0.69Release
Q1 FY2025ended Mar 31, 2025Apr 22, 2025before the open$387.33M+0.2%$0.57$0.83Release
Q4 FY2024ended Dec 31, 2024Jan 28, 2025before the open$372.30M–$0.50–Release
Q3 FY2024ended Sep 30, 2024Oct 22, 2024before the open––––Release
Q2 FY2024ended Jun 30, 2024Jul 23, 2024before the open$380.00M+2.7%$0.42$0.66Release
Q1 FY2024ended Mar 31, 2024Apr 23, 2024before the open$386.60M+4.5%$0.59$0.78Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Equity LifeStyle Properties's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Property operating revenuesnon-GAAPQ4 FY2026+4.1% – +4.7%–NewOct 21, 2026
Income from property operations, excluding property managementnon-GAAPQ4 FY2026+5.7% – +6.3%–NewOct 21, 2026
Net Income per Common ShareGAAPQ4 FY2026$0.50 – $0.56–NewOct 21, 2026
Normalized FFO per Common Share and OP Unitnon-GAAPQ4 FY2026$0.78 – $0.84–NewOct 21, 2026
Core RV and marina annual base rental incomenon-GAAPQ4 FY2026+4.9% – +5.5%–RaisedOct 21, 2026
FFO per Common Share and OP Unitnon-GAAPQ4 FY2026$0.78 – $0.84–NewOct 21, 2026
MH base rental incomenon-GAAPQ4 FY2026+5.4% – +6%–NewOct 21, 2026
Property operating expenses, excluding property managementnon-GAAPQ4 FY2026+1.5% – +2.1%–LoweredOct 21, 2026
RV and marina base rental incomenon-GAAPQ4 FY2026+2.5% – +3.1%–LoweredOct 21, 2026
Core Portfolio: Property operating revenuesnon-GAAPFY2026+4% – +5%–NewApr 22, 2026
Property operating revenuesnon-GAAPFY2026+4% – +4.6%–NewOct 21, 2026
Core Portfolio: Income from property operations, excluding property managementnon-GAAPFY2026+5.2% – +6.2%–NewApr 22, 2026
Income from property operations, excluding property managementnon-GAAPFY2026+5.7% – +6.3%–NewOct 21, 2026
Non-Core Income from property operations, excluding property managementnon-GAAPFY2026$5.70M – $9.70M–NewApr 22, 2026
Net Income per Common ShareGAAPFY2026$2.00 – $2.06–NewOct 21, 2026
Net Income per Common ShareGAAPFY2026$2.02 – $2.12–NewApr 22, 2026
Normalized FFO per Common Share and OP Unitnon-GAAPFY2026$3.15 – $3.21–NewOct 21, 2026
Normalized FFO per Common Share and OP Unitnon-GAAPFY2026$3.12 – $3.22–NewApr 22, 2026
Core Portfolio: MH base rental incomenon-GAAPFY2026+5.1% – +6.1%–NewApr 22, 2026
Core Portfolio: Property operating expenses, excluding property managementnon-GAAPFY2026+2.2% – +3.2%–RaisedApr 22, 2026
Core Portfolio: RV and marina base rental incomenon-GAAPFY2026+1.9% – +2.9%–LoweredApr 22, 2026
Core RV and marina annual base rental incomenon-GAAPFY2026+4.7% – +5.3%–RaisedOct 21, 2026
Core RV and marina annual base rental income growth rate rangenon-GAAPFY2026+4.3% – +5.3%–RaisedJul 23, 2026
Core RV and marina annual revenueFY2026+4.7% – +5.7%–RaisedJan 29, 2026
FFO per Common Share and OP Unitnon-GAAPFY2026$3.11 – $3.17–NewOct 21, 2026
FFO per Common Share and OP Unitnon-GAAPFY2026$3.11 – $3.21–NewApr 22, 2026
Interest and related amortizationFY2026$134.50M – $140.50M–RaisedOct 21, 2026
Interest and related amortizationFY2026$133.90M – $139.90M–RaisedApr 22, 2026
MH base rental incomenon-GAAPFY2026+5.4% – +6%–NewOct 21, 2026
Non-Core Income from property operations, excluding property managementnon-GAAPFY2026$8.30M – $12.30M–NewOct 21, 2026
Preliminary 2026 Rent Rate Growth Assumptions: average expected rate increase of MH rent increase noticesFY2026+5.1%–NewOct 23, 2025
Preliminary 2026 Rent Rate Growth Assumptions: average rate increase for RV annual sitesFY2026+5.1%–ReaffirmedOct 23, 2025
Property management and general administrativeFY2026$118.90M – $124.90M–NewOct 21, 2026
Property management and general administrativeFY2026$119.00M – $125.00M–NewApr 22, 2026
Property operating expenses, excluding property managementnon-GAAPFY2026+1.6% – +2.2%–RaisedOct 21, 2026
RV and marina base rental incomenon-GAAPFY2026+0.9% – +1.5%–LoweredOct 21, 2026
Core MH base rent income growth assumptionnon-GAAPFY2027+5.1%–NewOct 21, 2026
Core RV annual rent income growth assumptionnon-GAAPFY2027+4.7%–LoweredOct 21, 2026

Guidance vs results

The last range Equity LifeStyle Properties gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q2 FY2026Normalized FFO per Common Share and OP Unit$0.69 – $0.75$0.74Within range
Q2 FY2025Normalized FFO per Common Share and OP Unit$0.66 – $0.72$0.69Within range
Q1 FY2025EPS (GAAP)$0.54 – $0.60$0.57Within range
Q1 FY2025FFO per Common Share and OP Unit$0.80 – $0.86$0.83Within range
Q1 FY2025Revenue growth+5.5% – +6.1%+0.19%Below range
Q2 FY2024EPS (GAAP)$0.34 – $0.40$0.42Above range
Q2 FY2024Normalized FFO per Common Share and OP Unit$0.61 – $0.67$0.66Within range
Q3 FY2023EPS (GAAP)$0.38 – $0.44$0.41Within range
Q3 FY2023Normalized FFO per Common Share and OP Unit - Fully Diluted$0.68 – $0.74$0.71Within range
Q3 FY2023Revenue growth+4.9% – +5.5%+2.05%Below range
Q2 FY2023EPS (GAAP)$0.32 – $0.38$0.34Within range
Q2 FY2023Normalized FFO/share$0.62 – $0.68$0.66Within range

Guidance history

Every forecast Equity LifeStyle Properties put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 21, 2026Normalized FFO per Common Share and OP UnitQ4 FY2026$0.78 – $0.84New
Oct 21, 2026Normalized FFO per Common Share and OP UnitFY2026$3.15 – $3.21New
Oct 21, 2026Net Income per Common ShareQ4 FY2026$0.50 – $0.56New
Oct 21, 2026Net Income per Common ShareFY2026$2.00 – $2.06New
Oct 21, 2026Income from property operations, excluding property managementQ4 FY2026+5.7% – +6.3%New
Oct 21, 2026Income from property operations, excluding property managementFY2026+5.7% – +6.3%New
Oct 21, 2026MH base rental incomeQ4 FY2026+5.4% – +6%New
Oct 21, 2026RV and marina base rental incomeQ4 FY2026+2.5% – +3.1%Lowered
Oct 21, 2026Property operating expenses, excluding property managementQ4 FY2026+1.5% – +2.1%Lowered
Oct 21, 2026Core RV and marina annual base rental incomeQ4 FY2026+4.9% – +5.5%Raised
Oct 21, 2026FFO per Common Share and OP UnitQ4 FY2026$0.78 – $0.84New
Oct 21, 2026MH base rental incomeFY2026+5.4% – +6%New
Oct 21, 2026RV and marina base rental incomeFY2026+0.9% – +1.5%Lowered
Oct 21, 2026Property operating expenses, excluding property managementFY2026+1.6% – +2.2%Raised
Oct 21, 2026Core RV and marina annual base rental incomeFY2026+4.7% – +5.3%Raised
Oct 21, 2026Property management and general administrativeFY2026$118.90M – $124.90MNew
Oct 21, 2026Interest and related amortizationFY2026$134.50M – $140.50MRaised
Oct 21, 2026Non-Core Income from property operations, excluding property managementFY2026$8.30M – $12.30MNew
Oct 21, 2026FFO per Common Share and OP UnitFY2026$3.11 – $3.17New
Oct 21, 2026Core MH base rent income growth assumptionFY2027+5.1%New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Equity LifeStyle Properties filed with the SEC as exhibits to Form 8-K or 6-K

  1. Update
  2. Results
  3. Update
  4. Results
  5. Update
  6. Update
  7. Results
  8. Update
  9. Results
  10. Results
  11. Results
  12. Update
  13. Results
  14. Update
  15. Results