Every 10-Q that Equity Lifestyle Properties, Inc. (ELS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ELS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ELS filings page.
Equity LifeStyle Properties reported higher results for the quarter and six months ended June 30, 2026. Q2 total revenues were $397,815 thousand, with consolidated net income of $99,518 thousand and net income available to Common Stockholders of $96,316 thousand, or $0.50 per fully diluted share, up from $0.42. Q2 FFO per fully diluted Common Share and OP Unit rose to $0.77, and Normalized FFO to $0.74.
Core property operations were the main contributor. For the quarter, Core property operating revenues increased 4.9% and Core property operating expenses (excluding property management) rose 2.9%, resulting in a 6.5% increase in Core income from property operations (excluding property management). Core MH base rental income grew 5.8% from rate increases, with average monthly MH rent rising to approximately $956. Core Annual RV and marina base rental income increased 5.4%, partially offset by lower Seasonal and Transient RV and marina income due to reduced occupancy. Core MH average occupancy was 93.8%, reflecting 503 expansion sites added since June 30, 2025.
Net investment in real estate reached $5,471,037 thousand, including $103.3 million of investment in real estate from consolidating certain RVC joint ventures. Net cash provided by operating activities for the six months was $342,170 thousand. As of June 30, 2026, cash and restricted cash were $35,629 thousand, mortgage notes payable, net were $2,747,378 thousand, term loans, net were $437,863 thousand, and the unsecured line of credit had $127,500 thousand outstanding with $372.4 million of remaining capacity. An at-the-market equity offering program for up to $700.0 million of common stock remained entirely available.
Equity LifeStyle Properties, Inc. (ELS) reports higher profitability for the quarter ended September 30, 2025. Diluted net income per common share rose to $0.50 from $0.44 a year earlier, while Normalized FFO per fully diluted share and OP unit increased to $0.75 from $0.72. Core property operating revenues grew 3.1% and Core income from property operations, excluding property management, rose 5.3%, driven mainly by manufactured housing rent growth.
Core MH base rental income increased 5.5% on 6.0% rate growth, partly offset by a modest occupancy decline. RV and marina base rental income in the Core portfolio slipped 0.4% as seasonal and transient demand softened, though annual RV and marina income rose. ELS continued to benefit from hurricane-related insurance recoveries, which supported earnings, and invested $175.9 million in capital improvements year to date while maintaining solid access to unsecured term loans and its credit facility.