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Equity Lifestyle Properties 2Q 2026: Revenue $397.8M, Net income $96.3M, EPS $0.5— 10-Q Summary

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Jul 28, 2026 at 04:31 PM

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Equity Lifestyle Properties reported Q2 2026 results with revenue of $397.8M and net income of $96.3M, both up year-over-year. Diluted EPS reached $0.5. Core property operating revenue grew 4.9% QoQ. While new home sales declined to 98 units, rental operations revenue increased 13%. Capital expenditure stood at $109M YTD for upgrades and restorations.

Equity Lifestyle Properties reported results for the second quarter of 2026 with revenue of $397.8M, net income attributable to common stockholders of $96.3M and diluted EPS of $0.5, each up versus the year-ago quarter.

Financial Highlights

Revenue was $397.8M, compared with $376.9M in the prior-year quarter; YoY change 5.6%.
Net income was $96.3M, compared with $79.7M in the prior-year quarter; YoY change 20.8%.
Diluted EPS was $0.5, compared with $0.42 in the prior-year quarter; YoY change 19%.

Business Highlights

Core portfolio property operating revenue grew about 4.9% quarter-over-quarter, contributing to a 6.5% increase in income from property operations excluding management.
Channel shifts were evident: annual RV and marina base rents rose roughly 5.4%, while seasonal and transient RV income declined due to mix and occupancy changes.
New home sales volumes fell to 98 units from 117 in the prior-year quarter, but rental operations revenue increased about 13% with occupied rental units up roughly 8%.
Capital investment continued, with approximately $109M of capex year-to-date focused on preservation, upgrades, site development and hurricane restorations.
Core manufactured home occupancy remained around 93.8%, with an emphasis on converting renters to homeowners and growing membership subscription revenue.

Original SEC Filing: EQUITY LIFESTYLE PROPERTIES INC [ ELS ] - 10-Q - Jul. 28, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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Financial Highlights

Revenue was $397.8M, compared with $376.9M in the prior-year quarter; YoY change 5.6%.
Net income was $96.3M, compared with $79.7M in the prior-year quarter; YoY change 20.8%.
Diluted EPS was $0.5, compared with $0.42 in the prior-year quarter; YoY change 19%.

Business Highlights

Core portfolio property operating revenue grew about 4.9% quarter-over-quarter, contributing to a 6.5% increase in income from property operations excluding management.
Channel shifts were evident: annual RV and marina base rents rose roughly 5.4%, while seasonal and transient RV income declined due to mix and occupancy changes.
New home sales volumes fell to 98 units from 117 in the prior-year quarter, but rental operations revenue increased about 13% with occupied rental units up roughly 8%.
Capital investment continued, with approximately $109M of capex year-to-date focused on preservation, upgrades, site development and hurricane restorations.
Core manufactured home occupancy remained around 93.8%, with an emphasis on converting renters to homeowners and growing membership subscription revenue.

Original SEC Filing: EQUITY LIFESTYLE PROPERTIES INC [ ELS ] - 10-Q - Jul. 28, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.