The earnings call conveyed a mixed sentiment with strong performance in the MH portfolio and recognition for RV resorts, but challenges with RV and marina revenue growth, occupancy, and potential impacts from Canadian travel policies. The financial stability is a positive highlight, yet the balance of growth and challenges suggests a cautious outlook.

Company Guidance -

Q3 2025

During the Equity LifeStyle Properties Q2 2025 earnings call, the management discussed several key metrics and guidance related to the company's financial performance. Year-to-date, the company's net operating income (NOI) increased by 5%, while normalized funds from operations (FFO) per share grew by 5.7%. The company's manufactured housing (MH) portfolio, which constitutes approximately 60% of total revenue, maintained a high occupancy rate of over 94%. The RV segment's annual revenue grew by 3.9% year-to-date, with 70% of annual revenue generated from Sunbelt locations. For the full year 2025, the company maintained its FFO per share guidance at the midpoint of $3.06, representing a 4.9% growth rate compared to 2024. The guidance also included expectations for core property operating income growth of 5% at the midpoint and expense growth ranging from 0.7% to 1.7%. The company's balance sheet remains strong, with no secured debt maturing before 2028 and a debt-to-EBITDAR ratio of 4.5x.

NOI and FFO Growth

Net Operating Income (NOI) increased by 5% year-to-date compared to last year, with a normalized per share FFO growth of 5.7%.

Strong MH Portfolio Performance

Manufactured Housing (MH) portfolio occupancy remains high at over 94%, with a 97% homeowner occupancy rate contributing to reduced turnover and increased length of stay.

RV Resorts Recognition

55 RV resorts and campgrounds received the 2025 TripAdvisor Travelers' Choice Award, highlighting customer satisfaction and positive experiences.

Financial Strategy and Stability

The company has no secured debt maturing before 2028, with a weighted average debt maturity of almost 8 years. Debt-to-EBITDAR is 4.5x with 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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