The earnings call reflects a company with strong financial growth and expansion in key markets, but facing challenges with seasonal and transient revenue, particularly due to the decline in Canadian customer reservations and storm-affected Marina properties.
Company Guidance
During the Equity LifeStyle Properties third-quarter 2025 earnings call, the company provided guidance for 2026, highlighting expectations for rent increases and property operations. Specifically, they anticipate issuing rent increase notices to 50% of their manufactured housing (MH) portfolio by the end of October 2025, with an average rate increase of 5.1%. Similarly, in their RV portfolio, annual rates have been set for over 95% of sites, also with an average increase of 5.1%. The company emphasized their ongoing efforts to engage with residents for capital improvements, which support long-term asset value and resident experience. This anticipated rent growth, coupled with continued demand from key demographic segments like Baby Boomers and Gen X, positions the company to maintain its strong track record of revenue growth.
FFO Growth and Guidance
Normalized FFO growth was 4.6% for the third quarter, aligning with expectations. Full-year guidance indicates continued strength with a projected 4.9% growth rate compared to 2024.
Occupancy and Expansion
Florida MH portfolio reached 94% occupancy, and new site developments in Florida have added over 900 sites in the past five years. A 103-site expansion at Clover Leaf Farms was completed.
RV Annual Site Growth
Increased annual RV occupancy by 476 sites in the quarter, reflecting a strong demand for seasonal RV sites.
Strong Customer Engagement
The 11th annual 100 days of camping campaign saw record engagement with over 46 million social media impressions and 1,100 photo entries.
Financial Stability
Debt-to-EBITDAre is 4.5x with an interest coverage of 5.8x. The company has no secured debt maturing before 2028, maintaining a robust balance sheet.
Equity Lifestyle (ELS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ELS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 22, 2025
$63.37
$60.99
-3.76%
Jul 21, 2025
$61.19
$61.02
-0.28%
Apr 21, 2025
$63.35
$62.62
-1.15%
Jan 27, 2025
$67.62
$64.98
-3.90%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Equity Lifestyle Properties (ELS) report earnings?
Equity Lifestyle Properties (ELS) is schdueled to report earning on Feb 02, 2026, After Close (Confirmed).
What is Equity Lifestyle Properties (ELS) earnings time?
Equity Lifestyle Properties (ELS) earnings time is at Feb 02, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.