| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 397.62 | 2.7% |
| Total Income | 397.62 | 2.7% |
| Expenditure | 285.25 | 2.7% |
| PBT | — | |
| Net Profit | 111.49 | 2.5% |
| OPM | 28.26% | 0.01pp |
| NPM | 28.04% | 1.49pp |
| EPS | 0.56 | 1.8% |
Equity LifeStyle Properties Reports Q1 2026 Results
22 Apr 2026 · 22 Apr, 6:45 pm
Summary
Equity LifeStyle Properties announced its results for the quarter ended March 31, 2026. Normalized FFO per Common Share and OP Unit increased slightly by 0.3% to $0.84. Core property operating revenues saw a 3.7% increase, while core MH base rental income increased by 5.7%. The company has provided guidance for the second quarter and full year 2026, projecting Normalized FFO per Common Share and OP Unit to be in the range of $0.69 to $0.75 and $3.12 to $3.22, respectively. The company also noted an 18% decrease in property and casualty insurance premiums upon renewal.
Key Highlights
- 1
Equity LifeStyle Properties reported Normalized FFO per Common Share and OP Unit of $0.84 for Q1 2026, a 0.3% increase compared to Q1 2025.
- 2
Core property operating revenues increased by 3.7% for the quarter ended March 31, 2026, compared to the same period in 2025.
- 3
Core MH base rental income increased by 5.7% for the quarter ended March 31, 2026, compared to the same period in 2025.
- 4
Core RV and marina base rental income decreased by 1.4% for the quarter ended March 31, 2026, compared to the same period in 2025.
- 5
The company completed its property and casualty insurance renewal as of April 1, 2026, with a premium decrease of approximately 18% compared to the prior year.
- 6
Second quarter 2026 guidance for Normalized FFO per Common Share and OP Unit is $0.69 to $0.75.
- 7
Full year 2026 guidance for Normalized FFO per Common Share and OP Unit is $3.12 to $3.22.
Informational and educational content only. Not investment advice.