Equity LifeStyle (NYSE: ELS) raises 2026 dividend and furnishes full-year 2025 results

Rhea-AI Filing Summary

Equity LifeStyle Properties, Inc. furnished its fourth quarter and full-year 2025 results and 2026 earnings guidance via a news release attached to this report. The Board also approved a 2026 annual dividend rate of $2.17 per share, an increase of $0.11 over the 2025 rate of $2.06 per share.

The company describes itself as a fully integrated owner of lifestyle-oriented properties and a self-administered, self-managed REIT. It owns or has an interest in 453 properties with 173,355 sites as of December 31, 2025, primarily in the United States.

EQUITY LIFESTYLE PROPERTIES INC0000895417false00008954172026-01-282026-01-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 28, 2026

EQUITY LIFESTYLE PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

Maryland

1-11718

36-3857664

(State or other jurisdiction of incorporation)

(Commission File No.)

(IRS Employer Identification Number)

Two North Riverside Plaza

Chicago,

Illinois

60606

(Address of Principal Executive Offices)

(Zip Code)

(312) 279-1400

(Registrant’s telephone number, including area code)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $0.01 Par Value			ELS			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02    Results of Operations and Financial Condition

On January 28, 2026, Equity LifeStyle Properties, Inc. (referred to herein as “we,” “us,” and “our”) issued a news release announcing our results of operations for the quarter and year ended December 31, 2025, and our first quarter and full year 2026 earnings guidance assumptions.

The news release is furnished as Exhibit 99.1 to this report on Form 8-K. The news release was also posted on our website, www.equitylifestyleproperties.com, on January 28, 2026.

Item 8.01    Other Events

On January 28, 2026, our Board of Directors approved setting the annual dividend rate for 2026 at $2.17 per share of common stock, an increase of $0.11 over the current $2.06 per share of common stock for 2025. Our Board of Directors, in its sole discretion, will determine the amount of each quarterly dividend in advance of payment.

In accordance with General Instruction B.2. of Form 8-K, the information included in Items 2.02 and 9.01 of this report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any registration statement filed by us under the Securities Act of 1933, as amended.

    This report includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used, words such as “anticipate,” “expect,” “believe,” “project,” “estimate,” “guidance,” “intend,” “may be” and “will be” and similar words or phrases, or the negative thereof, unless the context requires otherwise, are intended to identify forward-looking statements and may include, without limitation, information regarding our expectations, goals or intentions regarding the future, and the expected effect of our acquisitions. Forward-looking statements, including our guidance concerning Net Income, FFO and Normalized FFO per share data, and certain growth rates, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in a forward-looking statement due to a number of factors, which include, but are not limited to the following: (i) the mix of site usage within the portfolio; (ii) yield management on our short-term resort and marina sites; (iii) scheduled or implemented rate increases on community, resort and marina sites; (iv) scheduled or implemented rate increases in annual payments under membership subscriptions; (v) occupancy changes; (vi) our ability to attract and retain membership customers; (vii) change in customer demand regarding travel and outdoor vacation destinations; (viii) our ability to manage expenses in an inflationary environment, including the impact of changes in tariffs, as well as costs associated with supply chain disruptions; (ix) changes in debt service and interest rates; (x) our ability to integrate and operate recent acquisitions in accordance with our estimates; (xi) our ability to execute expansion/development opportunities in the face of changes impacting the supply chain or labor markets; (xii) completion of pending transactions in their entirety and on assumed schedule; (xiii) our ability to attract and retain property employees, particularly seasonal employees; (xiv) ongoing legal matters and related fees; (xv) costs to clean up and restore property operations and potential revenue losses following storms or other unplanned events; and (xvi) the potential impact of material weaknesses, if any, in our internal control over financial reporting.

    For further information on these and other factors that could impact us and the statements contained herein, refer to our filings with the Securities and Exchange Commission, including the “Risk Factors” and “Forward-Looking Statements” sections in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q.

    These forward-looking statements are based on management’s present expectations and beliefs about future events. As with any projection or forecast, these statements are inherently susceptible to uncertainty and changes in circumstances. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise.

    We are a fully integrated owner of lifestyle-oriented properties and own or have an interest in 453 properties located predominantly in the United States consisting of 173,355 sites as of December 31, 2025. We are a self-administered, self-managed, real estate investment trust with headquarters in Chicago.

Item 9.01    Financial Statements and Exhibits

(d) Exhibits

The information contained in the attached exhibit is unaudited and should be read in conjunction with the Registrant’s annual and quarterly reports filed with the Securities and Exchange Commission.

99.1 Equity LifeStyle Properties, Inc. press release dated January 28, 2026, “ELS Reports Fourth Quarter Results”

104 Cover Page Interactive Data File included as Exhibit 101 (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

						EQUITY LIFESTYLE PROPERTIES, INC.
Date: January 29, 2026						By: /s/ Paul Seavey
						Paul Seavey
						Executive Vice President and Chief Financial Officer

FAQ

What did Equity LifeStyle Properties (ELS) announce in this 8-K?

Equity LifeStyle Properties announced that it released its fourth quarter and full-year 2025 results and issued 2026 earnings guidance assumptions in a news release furnished as Exhibit 99.1, which was also posted on its corporate website on January 28, 2026.

How much is Equity LifeStyle Properties’ 2026 annual dividend?

For 2026, Equity LifeStyle Properties’ Board approved an annual dividend rate of $2.17 per share of common stock, representing an $0.11 increase from the $2.06 per share annual dividend rate in 2025, with quarterly amounts determined at the Board’s discretion.

Did Equity LifeStyle Properties provide earnings guidance for 2026?

Equity LifeStyle Properties provided first quarter and full-year 2026 earnings guidance assumptions in a news release dated January 28, 2026. The guidance includes forward-looking measures such as Net Income, FFO and Normalized FFO per share, along with certain anticipated growth rates and related assumptions.

How large is Equity LifeStyle Properties’ real estate portfolio?

Equity LifeStyle Properties reports that it owns or has an interest in 453 lifestyle-oriented properties, consisting of 173,355 sites as of December 31, 2025. These properties are located predominantly in the United States and are operated within a fully integrated, self-managed REIT structure.

What type of company is Equity LifeStyle Properties?

Equity LifeStyle Properties is a self-administered, self-managed real estate investment trust focused on lifestyle-oriented properties. It is headquartered in Chicago and, as of December 31, 2025, owned or had an interest in 453 properties totaling 173,355 sites, primarily across the United States.

Where can investors find the detailed 2025 results for ELS?

Detailed fourth quarter and full-year 2025 results for Equity LifeStyle Properties are contained in a news release furnished as Exhibit 99.1 to this report. That same release, titled “ELS Reports Fourth Quarter Results,” was also posted on the company’s website on January 28, 2026.