The earnings call reflected a generally positive outlook with strong financial performance and strategic investments contributing to growth and stability. However, challenges remain in the RV and marina segments, and there are concerns about seasonal and transient revenue declines.

Company Guidance

During Equity LifeStyle Properties' Second Quarter 2025 earnings call, CEO Marguerite Nader highlighted key financial metrics, including a 5% increase in NOI year-to-date and a 5.7% growth in normalized FFO per share. The manufactured housing (MH) and recreational vehicle (RV) portfolios remain strong, with MH occupancy over 94% and RV annual revenue up 3.9% year-to-date. The company's MH portfolio, catering largely to seniors, contributes 60% of total revenue, with 97% homeowner occupancy. The RV portfolio saw 70% of annual revenue from Sunbelt locations, with strong seasonal demand. Despite broader market uncertainties, the company's core strengths and strategic investments in new home inventory in key markets like Florida, California, and Arizona bolster long-term stability. Second quarter normalized FFO was $0.69 per share, aligning with guidance, while full-year guidance projects a midpoint normalized FFO of $3.06 per share, marking a 4.9% growth from 2024.

Growth in Normalized FFO and NOI

Year-to-date normalized FFO per share growth of 5.7%, with NOI increasing 5% compared to last year.

High Occupancy Rates

MH portfolio occupancy exceeds 94%, with 97% owner-occupied units, contributing to reduced turnover and increased length of stay.

Recognition for RV Resorts

55 RV resorts and campgrounds received the 2025 TripAdvisor Travelers' Choice Award.

Strategic Investments in Key Markets

Continued investment in Florida, California, and Arizona, with notable sales and development of new sites.

Stable Financial Position

Strong balance sheet with no secured debt maturing before 2028, debt-to-EBITDAR of 4.5x, and interest coverage at 5.6x.

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

Daily Earnings Calendar >

ELS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 20, 2025	2025 (Q3)	0.47 / -	0.44	―	―	―
Jul 21, 2025	2025 (Q2)	0.41 / 0.42	0.42	0.00% (0.00)	―
Apr 21, 2025	2025 (Q1)	0.55 / 0.57	0.59	-3.39% (-0.02)	―
Jan 27, 2025	2024 (Q4)	0.48 / 0.50	0.49	2.04% (+0.01)	―
Oct 21, 2024	2024 (Q3)	0.44 / 0.44	0.41	7.32% (+0.03)	―
Jul 22, 2024	2024 (Q2)	0.35 / 0.42	0.34	23.53% (+0.08)	―
Apr 22, 2024	2024 (Q1)	0.48 / 0.59	0.44	34.09% (+0.15)	―
Jan 29, 2024	2023 (Q4)	0.43 / 0.49	0.39	25.64% (+0.10)	―
Oct 16, 2023	2023 (Q3)	0.41 / 0.41	0.36	13.89% (+0.05)	―
Jul 17, 2023	2023 (Q2)	0.35 / 0.34	0.33	3.03% (+0.01)	―

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
Jul 21, 2025	$61.72	$61.55	-0.28%
Apr 21, 2025	$63.90	$63.17	-1.14%
Jan 27, 2025	$68.21	$65.54	-3.91%
Oct 21, 2024	$66.46	$67.11	+0.98%

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 Oct 20, 2025, After Close (Confirmed).

What is Equity Lifestyle Properties (ELS) earnings time?

Equity Lifestyle Properties (ELS) earnings time is at Oct 20, 2025, 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.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ELS EPS forecast?

ELS EPS forecast for the fiscal quarter 2025 (Q3) is 0.47.

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