Welcome to our dedicated page for Equity Lifestyle Pptys SEC filings (Ticker: ELS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Equity LifeStyle Properties filings document formal disclosures for a self-administered, self-managed REIT that owns and operates manufactured home communities, recreational vehicle resorts, campgrounds and marinas. Recent Form 8-K reports cover operating results, earnings guidance assumptions, dividend actions, tax treatment of common stock distributions and Regulation FD investor presentations.
The company’s proxy and governance filings describe board elections, auditor ratification, executive compensation matters and annual meeting voting results. Other filings and exhibits provide common-stock, risk-factor and forward-looking-statement disclosures tied to ELS’s property portfolio and REIT operating model.
Equity LifeStyle Properties reported relatively steady first quarter 2026 results, with Normalized FFO per common share and OP unit of $0.84, up 0.3% from $0.83 a year earlier and in line with the midpoint of prior guidance. Net income per diluted share was $0.56 versus $0.57 in 2025, while total revenues rose to $397.6 million from $387.3 million.
Core property operating revenues increased 3.7% and core income from property operations, excluding property management, grew 4.9%, helped by a 5.7% rise in core manufactured home base rental income and solid membership revenues. RV and marina base rental income declined 1.4%, reflecting softer seasonal and transient activity.
For 2026, the company reaffirmed generally modest growth expectations, guiding to full‑year net income per share of $2.02–$2.12 and Normalized FFO per share of $3.12–$3.22. Core MH base rental income is projected to grow 5.1%–6.1%, while RV and marina base rental income is expected to increase 1.9%–2.9%. As of March 31, 2026, the REIT owned or had an interest in 453 properties totaling 173,419 sites and carried total debt equal to 20.9% of its $15.8 billion total market capitalization.
Equity Lifestyle Properties director Constance Freedman acquired 366 shares of common stock at $53.06 per share through the company’s Employee Stock Purchase Plan. Following this grant, she directly owns 13,470 common shares. She also holds several non-qualified stock options with exercise prices between $60.29 and $79.72 expiring from 2030 to 2034.
Equity LifeStyle Properties Inc: Amendment No. 21 to a Schedule 13G/A filed by The Vanguard Group reports 0 shares beneficially owned, representing 0% of the company’s Common Stock as of the filing period. The filing states that on January 12, 2026 Vanguard completed an internal realignment and certain subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538. The disclosure is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.
Equity LifeStyle Properties director David J. Contis, through the Contis Family Trust, reported an open-market sale of 3,000 shares of common stock at a weighted average price of $67.2199 per share on March 18, 2026. The filing notes the sale occurred in multiple trades between $67.18 and $67.265 per share. The trust also made a bona fide gift of 8,000 shares on the same date. After these dispositions, holdings reported include 6,890 shares held by the Contis Family Trust, 3,148 shares held directly, and 1,000 shares held indirectly as custodian for grandchildren under UGMA.
ELS reports a proposed sale of Common Stock totaling 3,000 shares. The notice lists three vesting lots tied to compensation: 2,120 shares vested 05/03/2017, 822 shares vested 05/03/2018, and 58 shares vested 05/02/2019. The filing shows shares outstanding 193,835,561 as of 03/18/2026.
Equity LifeStyle Properties, Inc. has issued its definitive proxy for the 2026 virtual annual stockholders meeting on April 28, 2026. Stockholders of record on February 13, 2026, when 193,927,571 common shares were outstanding and entitled to vote, may participate and vote online.
The agenda includes electing nine directors for one-year terms, ratifying Ernst & Young LLP as independent auditor for 2026, and a non-binding advisory vote on executive compensation. The Board recommends voting "FOR" all three proposals.
The company highlights strong long-term performance, including 5‑year net income per share growth of 60.8% versus a 44.3% peer average and robust FFO and dividend growth. Governance features include 8 of 9 independent director nominees, a separate chair and CEO, a strong lead independent director, proxy access, and stockholder ability to amend bylaws by majority vote.
Executive pay is highly performance-based, with relatively modest base salaries and significant annual cash bonuses and multi-year restricted stock awards tied to Normalized FFO per share targets. In 2025, 93% of votes supported say‑on‑pay, and named executive officers collectively held company stock valued at over $46.1 million as of December 31, 2025, far above ownership guidelines.
Equity LifeStyle Properties furnished an investor presentation outlining its business performance, balance sheet and 2026 outlook. The company owns or has interests in 453 properties with 173,371 sites across 35 U.S. states and one Canadian province as of December 31, 2025.
Normalized FFO per share grew 5.0% year over year in 2025 to $3.06, while full-year 2026 Normalized FFO guidance is $3.12–$3.22, implying 1.9%–5.2% growth. Core portfolio income from property operations grew 4.8% in 2025, above the long‑term average of 4.5%.
The Board approved a 2026 annual dividend rate of $2.17 per share, up 5.3% from $2.06 in 2025, contributing to a 10.6% ten‑year dividend CAGR. The presentation highlights an 8.2% Normalized FFO per share CAGR since 2006, a $17.0 billion enterprise value and conservative leverage with 19.6% debt to enterprise value and 4.5x Debt/Adjusted EBITDAre.
Equity LifeStyle Properties, Inc. is a Maryland-based REIT focused on lifestyle-oriented real estate, primarily manufactured home and recreational vehicle communities and marinas. The company owns the land and leases sites to customers who own manufactured homes, cottages, RVs and boats, often on long-term arrangements that create stable cash flow.
As of December 31, 2025, ELS had a geographically diversified portfolio of 453 properties, including joint ventures, with 173,371 sites across 35 U.S. states and British Columbia. The strategy emphasizes acquiring and expanding properties in retirement, vacation and urban markets, adding sites on existing land, and selectively using joint ventures and OP units to structure tax-efficient deals.
Management highlights long-term demand drivers such as aging baby boomers, growing RV ownership and second-home trends, while noting risks from rent control, economic downturns, natural disasters, regulation, technology and litigation. As of December 31, 2025, total debt was approximately $3,345.9 million, with a debt-to-market-capitalization ratio of about 21.6%, underscoring the importance of access to capital and interest-rate conditions.
T. Rowe Price Associates, Inc. filed a Schedule 13G reporting a passive ownership stake in Equity Lifestyle Properties, Inc. common stock. As of 12/31/2025, it beneficially owned 15,948,613 shares, representing 8.2% of the class.
T. Rowe Price reported sole voting power over 15,722,584 shares and sole dispositive power over 15,948,613 shares, with no shared voting or dispositive power. The firm certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company, and it expressly denies beneficial ownership beyond what is required for reporting.