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Equity Lifestyle Properties Earnings Calls
| Release date | Apr 21, 2026 |
| EPS estimate | $0.546 |
| EPS actual | $0.84 |
| EPS Surprise | 53.85% |
| Revenue estimate | 395.71M |
| Revenue actual | 397.6M |
| Revenue Surprise | 0.478% |
| Release date | Jan 28, 2026 |
| EPS estimate | $0.542 |
| EPS actual | $0.790 |
| EPS Surprise | 45.76% |
| Revenue estimate | 382.265M |
| Revenue actual | 373.868M |
| Revenue Surprise | -2.20% |
| Release date | Oct 22, 2025 |
| EPS estimate | $0.465 |
| EPS actual | $0.750 |
| EPS Surprise | 61.33% |
| Revenue estimate | 383.468M |
| Revenue actual | 373.352M |
| Revenue Surprise | -2.64% |
| Release date | Jul 21, 2025 |
| EPS estimate | $0.414 |
| EPS actual | $0.690 |
| EPS Surprise | 66.63% |
| Revenue estimate | 393.078M |
| Revenue actual | 372.58M |
| Revenue Surprise | -5.21% |
Last 4 Quarters for Equity Lifestyle Properties
Below you can see how ELS performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 21, 2025 |
| Price on release | $61.72 |
| EPS estimate | $0.414 |
| EPS actual | $0.690 |
| EPS surprise | 66.63% |
| Date | Price |
|---|---|
| Jul 15, 2025 | $61.10 |
| Jul 16, 2025 | $61.76 |
| Jul 17, 2025 | $61.75 |
| Jul 18, 2025 | $61.97 |
| Jul 21, 2025 | $61.72 |
| Jul 22, 2025 | $61.55 |
| Jul 23, 2025 | $60.94 |
| Jul 24, 2025 | $59.91 |
| Jul 25, 2025 | $59.63 |
| 4 days before | 1.01% |
| 4 days after | -3.39% |
| On release day | -0.275% |
| Change in period | -2.41% |
| Release date | Oct 22, 2025 |
| Price on release | $63.37 |
| EPS estimate | $0.465 |
| EPS actual | $0.750 |
| EPS surprise | 61.33% |
| Date | Price |
|---|---|
| Oct 16, 2025 | $62.21 |
| Oct 17, 2025 | $62.38 |
| Oct 20, 2025 | $62.92 |
| Oct 21, 2025 | $62.94 |
| Oct 22, 2025 | $63.37 |
| Oct 23, 2025 | $60.99 |
| Oct 24, 2025 | $61.55 |
| Oct 27, 2025 | $61.91 |
| Oct 28, 2025 | $60.72 |
| 4 days before | 1.86% |
| 4 days after | -4.18% |
| On release day | -3.76% |
| Change in period | -2.40% |
| Release date | Jan 28, 2026 |
| Price on release | $61.92 |
| EPS estimate | $0.542 |
| EPS actual | $0.790 |
| EPS surprise | 45.76% |
| Date | Price |
|---|---|
| Jan 22, 2026 | $63.40 |
| Jan 23, 2026 | $63.98 |
| Jan 26, 2026 | $62.87 |
| Jan 27, 2026 | $62.90 |
| Jan 28, 2026 | $61.92 |
| Jan 29, 2026 | $62.77 |
| Jan 30, 2026 | $63.17 |
| Feb 02, 2026 | $63.20 |
| Feb 03, 2026 | $64.07 |
| 4 days before | -2.33% |
| 4 days after | 3.47% |
| On release day | 1.37% |
| Change in period | 1.06% |
| Release date | Apr 21, 2026 |
| Price on release | $65.01 |
| EPS estimate | $0.546 |
| EPS actual | $0.84 |
| EPS surprise | 53.85% |
| Date | Price |
|---|---|
| Apr 15, 2026 | $64.38 |
| Apr 16, 2026 | $64.27 |
| Apr 17, 2026 | $65.40 |
| Apr 20, 2026 | $66.01 |
| Apr 21, 2026 | $65.01 |
| Apr 22, 2026 | $62.82 |
| Apr 23, 2026 | $63.48 |
| Apr 24, 2026 | $63.29 |
| Apr 27, 2026 | $62.77 |
| 4 days before | 0.98% |
| 4 days after | -3.45% |
| On release day | -3.37% |
| Change in period | -2.50% |
Equity Lifestyle Properties Earnings Call Transcript Summary of Q1 2026
Equity Lifestyle Properties reported a solid start to 2026 and maintained full-year normalized FFO guidance with continued operational strength. Key operating metrics: manufactured housing (MH) accounts for ~60% of revenue and is 94% occupied (97% of MH units are owner-occupied), core portfolio NOI grew 4.9% year-over-year, and first-quarter normalized FFO was $0.84/share (in line with guidance). Management reiterated full-year normalized FFO guidance of $3.17/share at the midpoint. Guidance detail: core MH rent growth expected ~5.1%–6.1% for the year; combined RV & Marina rent growth expected ~2%–3% (annual RVs ~4.8% at midpoint). Notable headwinds/adjustments: certain marina slip restorations were delayed (pushing recovery into late 2026/into 2027) and transient/seasonal RV revenue visibility is short-term (most bookings close in the 7–10 day window), which trimmed RV/Marina expectations modestly. Offsets and positives: membership revenue grew ~13.7% (net contribution $17.6M), property & casualty insurance premiums declined ~18% year-over-year and that benefit is incorporated into guidance, core operating expense growth was modest (1.8% y/y in Q1), and utility recovery improved (utility income recovery ~50.4%). Balance sheet and capital: low refinance risk with long average term to maturity (>7 years), limited floating rate exposure, debt/EBITDAre ~4.5x, interest coverage ~5.6x, and ~ $1.2B capacity via LOC and ATM. Development & portfolio growth: continued expansions in high-demand Sunbelt markets (Florida and Arizona), ~1,100 MH sites added in Florida since 2020 and additional expansion sites in Phoenix; expected development yields in the high single digits. Risks remaining: weather/hurricanes (some storm-impacted sites still being rebuilt), short visibility for transient bookings, potential energy cost volatility, and continued uncertainty in transaction market supply and Canadian visitor behavior. Overall, management emphasized stable, predictable cash flow driven by homeowner concentration, demographic tailwinds (aging baby boomers), and a conservative balance sheet.
