Recent Updates — ELS
Equity LifeStyle Properties announced a leadership transition effective January 1, 2027, appointing Patrick Waite as President and Chief Executive Officer, succeeding outgoing CEO Marguerite Nader, who will become Executive Vice Chair of the Board. David Eldersveld was promoted to Executive Vice President and Chief Operating Officer. The Board also increased its size by one director to elect Mr. Waite. Concurrently, the company declared a fourth quarter 2026 dividend of $0.5425 per common share, payable on January 8, 2027 to stockholders of record as of December 24, 2026. Equity LifeStyle Properties is a self-administered real estate investment trust that owns and manages lifestyle-oriented properties, including manufactured housing communities, resorts, and marinas.
Equity LifeStyle Properties reported third-quarter net income of $89.3 million, or $0.45 per share, down from $100.4 million in the prior year period due to a $12.1 million deferred tax valuation allowance. Normalized funds from operations (FFO) per share rose 4.6% to $0.79, supported by a 5.7% increase in core mobile home base rental income and an 8.4% rise in annual membership subscriptions. The company provided full-year 2026 guidance for normalized FFO of $3.15 to $3.21 per share and preliminary 2027 rent growth assumptions of approximately 5.1% for mobile homes and 4.7% for RV sites. Equity LifeStyle Properties is a self-administered real estate investment trust that owns or has an interest in lifestyle-oriented properties, including mobile home communities, RV parks, and marinas.
Equity LifeStyle Properties filed a Form 8-K on September 10, 2026, to disclose an investor presentation made available to the public. The presentation confirms that the Board of Directors approved setting the annual dividend rate for 2026 at $2.17 per share of Common Stock, representing a 5.3% increase over the prior year's rate of $2.06 per share. The company also provided full-year 2026 guidance, projecting Normalized FFO per share between $3.13 and $3.23, with a midpoint estimate of $3.18. Equity LifeStyle Properties is a self-administered real estate investment trust that owns and operates manufactured home communities, recreational vehicle resorts, campgrounds, and marinas.
On July 28, 2026, the Board of Directors declared a third quarter 2026 dividend of $0.5425 per common share. The dividend is payable on October 9, 2026 to stockholders of record at the close of business on September 25, 2026. This represents an annualized dividend of $2.17 per common share. Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust that owns or has an interest in lifestyle-oriented properties, including campgrounds and marinas, predominantly in the United States.
Equity LifeStyle Properties reported second quarter 2026 results with net income per common share of $0.50 and Normalized FFO per common share of $0.74, a 7.7% increase year-over-year. The company updated its full year 2026 guidance, raising the midpoint for Normalized FFO per common share to $3.18 from $3.17. The company is a real estate investment trust that owns and operates lifestyle-oriented properties, including RV resorts, marinas, and manufactured housing communities.