DividendMay 4, 2026, 04:24 PM
Equity LifeStyle Properties Sets 2026 Dividend at $2.17, Up 5.3%
AI Summary
Equity LifeStyle Properties announced its Board of Directors approved setting the annual dividend rate for 2026 at $2.17 per share, marking a 5.3% increase from the previous year. The company also released its full-year 2026 guidance, projecting Normalized FFO per share at $3.17 and anticipating growth in Core Portfolio Property Operating Revenues and Income from Property Operations. These details were included in an investor presentation made available to investors.
Key Highlights
- Equity LifeStyle Properties set its 2026 annual dividend rate at $2.17 per share, an increase of 5.3% over 2025.
- The company provided 2026 Normalized FFO per Common Share and OP Unit guidance of $3.17 (midpoint).
- Core Portfolio Property Operating Revenues are projected to grow 4.5% (midpoint) in 2026.
- Core Income from Property Operations, Excluding Property Management, is expected to increase by 5.7% (midpoint) in 2026.
- The company owns or has an interest in 453 properties, comprising 173,419 sites, as of March 31, 2026.
- Approximately 92% of the company's revenue is derived from stable, annual sources.
- Debt to Adjusted EBITDAre stands at 4.5x, with a weighted average interest rate of 4.1% and 7 average years to maturity.