)
Visual
earnings real time
Equity LifeStyle Properties
Equity LifeStyle Properties (ELS) investor relations material
Equity LifeStyle Properties Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Jan, 2026
Executive summary
Achieved full-year NOI growth of 4.8% and a 5% increase in normalized FFO per share for 2025, reflecting strong core operations and a durable business model across economic cycles.
Net income per common share was $2.01 for 2025, up 2.6% year-over-year, and FFO per share was $3.08, up 1.5% year-over-year.
Announced a 5.3% increase in the 2026 annual dividend, marking the 22nd consecutive annual increase.
Over 90% of revenue is from annual rental streams, with high resident retention driven by community engagement and affordability.
Added 362 expansion sites and completed 439 new home sales in 2025.
Financial highlights
Fourth quarter normalized FFO was $0.79 per share, and full-year normalized FFO was $3.06 per share, up 4.2% and 5% year-over-year, respectively.
Q4 2025 net income per share was $0.52, up 3.2% year-over-year; FFO per share was $0.78, up 2.4%.
Total revenues for Q4 2025 were $373.9 million, with consolidated net income of $103.8 million.
Core portfolio NOI grew 4.1% in Q4 and 4.8% for the year; core community-based rental income rose 5.5% year-over-year.
Membership business contributed $65.6 million net for the year, with 5,900 upgraded subscriptions.
Outlook and guidance
2026 normalized FFO guidance is $3.17 per share at the midpoint, with a range of $3.12–$3.22.
2026 net income per share guidance: $2.06–$2.16; FFO per share: $3.12–$3.22.
Core property operating income growth projected at 5.6% at midpoint; core MH rent growth expected at 5.1%–6.1%.
Combined RV and marina rent growth projected at 2.4%–3.4%; annual RV and marina rental income expected to grow 5.2%.
Annual dividend for 2026 set at $2.17 per share, a 5.3% increase, marking the 22nd consecutive year of dividend growth.
Explain the decline in seasonal/transient RV income
Factors impacting new home sales volume decline?
Impact of 2025 membership product changes?
MH occupancy decline: What's the long-term view?
Non-core NOI drop: When will proceeds be recognized?
Canadian customer recovery: What are the drivers?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- KREF
Net loss for 2025, but strong liquidity, portfolio repositioning, and active capital management. - ORN
Acquisition expands marine construction scale, capabilities, and long-term growth prospects. - RSVR
Q3 revenue up 8% year-over-year; guidance raised on strong publishing and M&A activity. - IEX
Record HST orders and margin gains support 2026 growth outlook amid macro uncertainties. - PFGC
Q2 and first-half 2026 saw 5.2% sales growth and 45.5% higher net income, with updated guidance. - CB
Record earnings, premium growth, and strong outlook driven by digital and global expansion. - COR
Q1 FY2026 revenue up 5.5% to $85.9B; adjusted EPS rose 9.4% to $4.08. - MATW
Leverage below 3x, Q1 net income $43.6M, FY2026 EBITDA guidance at $180M. - SU
Record production, strong cash returns, and robust 2026 guidance highlight performance. - GARAN
Net income up 21% to TL 111.3bn, with strong capital, liquidity, and asset growth.
Next Equity LifeStyle Properties earnings date
Q1 202621 Apr, 2026
Equity LifeStyle Properties
Next Equity LifeStyle Properties earnings date
Q1 202621 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Equity LifeStyle Properties Inc is a real estate investment trust that owns and operates lifestyle-oriented properties. The company focuses on manufactured home communities, recreational vehicle resorts, and campgrounds across North America. It generates revenue primarily through rental income and related services. Equity LifeStyle Properties Inc is headquartered in Chicago, Illinois, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage