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 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.
Cohen & Steers has disclosed a significant ownership stake in Equity Lifestyle Properties, Inc. (ELS) common stock. As of December 31, 2025, the group reports beneficial ownership of 10,658,278 shares, representing 5.50% of the outstanding common stock.
Cohen & Steers, Inc. and its investment adviser subsidiaries report sole voting power over 5,903,030 shares and sole dispositive power over 10,658,278 shares, with no shared voting or dispositive power. The securities are held in accounts managed for clients, who are entitled to dividends and sale proceeds.
The filers state the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Equity Lifestyle Properties, other than activities solely in connection with director nominations under applicable proxy rules.
Equity LifeStyle Properties, Inc. adopted a 2026 Executive Bonus Plan and declared its first quarter 2026 dividend. The plan ties executive bonuses to operational metrics such as core manufactured housing and RV revenues, site and member optimization, net operating income, expense control and working capital.
Target bonus opportunities are 290% of annual salary for the CEO and 220% for three other named executives. Up to an additional $889,804 may be earned collectively if specified financial stretch goals are exceeded. The Board also declared a first quarter 2026 dividend of $0.5425 per common share, equal to $2.17 per share on an annualized basis, payable April 10, 2026 to stockholders of record on March 27, 2026.
Equity Lifestyle Properties President & COO Patrick Waite reported multiple stock transactions dated February 3, 2026. Several entries coded “F” show shares of common stock withheld at $63.20 per share to cover tax liabilities on vesting restricted shares.
Waite received two restricted stock awards of 23,680 and 7,804 common shares at $64.07 per share. Footnotes describe vesting based on continued service and performance conditions, with installments scheduled in 2027, 2028 and 2029. The filing also records zero‑price transfers between his direct holdings and the Patrick J. Waite Declaration of Trust, plus indirect holdings of 66,908 shares through the Ann Christine Bihrle Declaration of Trust.