Loading...
•
Sep 30, 2025
ELS Q3 2025 Earnings Report
reported solid third quarter results with stable growth in rental income and membership subscriptions
Key Takeaways
Equity LifeStyle Properties delivered a strong Q3, with higher EPS and net income compared to last year, driven by steady growth in MH rental income and tight cost control on operating expenses.
EPS rose to $0.50 from $0.44 in Q3 2024
Net income available to common stockholders was $97.1M
Total revenue reached $393.3M, up slightly from last year
Normalized FFO of $0.75 per share landed at the midpoint of guidance
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Management expects continued stable performance for Q4 2025 with modest rent increases and growth in core property income.
Positive Outlook
- Q4 normalized FFO guidance range: $0.75 to $0.81
- Expected 2026 MH rent increases averaging 5.1%
- RV annual rates already set for 95% of sites with 5.1% increase
- Q4 guidance implies stable to growing core income from property operations
- Core property operating expenses expected to remain low
Challenges Ahead
- Seasonal and transient RV revenue projected to decline significantly in Q4
- Continued impact from reduced Canadian seasonal bookings
- Flat or negative growth in overall RV and marina base rental income
- Membership upgrade revenue continues downward trend
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...