Rental Income2Q seasonal and transient RV and marina base rental income growth was -9.2% (seasonal -16.7%, transient -5.6%).
Revenue GrowthKey investor concerns include transient revenue and insurance, with a conservative estimate of combined core seasonal and transient RV revenue growth of -3% in FY25.
Segment OutlookThe guidance raise was primarily driven by expense management, and actually includes another downgrade of the RV/Marina segment outlook due to the seasonal/transient business.