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    ELS — Equity Lifestyle Properties News Story

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    Equity LifeStyle Q1 revenue misses on RV & Marina weakness

    Picture of Equity Lifestyle Properties logoEquity Lifestyle Properties
    21/04/2026 21:33
    Overview

U.S. manufactured home and RV site REIT's Q1 revenue declined and missed analyst expectations

Normalized FFO per share increased slightly, consistent with company guidance

Outlook

Company sees Q2 net income per share at $0.42 to $0.48

Company expects 2026 Normalized FFO per share at $3.12 to $3.22

Result Drivers

MH RENTAL INCOME - Core manufactured home base rental income rose 5.7% from a year earlier, supporting revenue growth

RV & MARINA WEAKNESS - Core RV and marina base rental income fell 1.4%, as lower seasonal and transient revenues offset growth in annual rentals

EXPENSE CONTROL - Core property operating expenses, excluding property management, increased 1.8%

Company press release: ID:nPn2C9Stpa

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q1 RevenueMiss$397.60 mln$402.13 mln (6 Analysts)
    Q1 Consolidated Net Income$111.50 mln
    

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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