ELS Q1 2026 Earnings Call Transcript
ELS reported normalized FFO per share of $0.84 for Q1 2026, meeting guidance, with full-year midpoint guidance maintained at $3.17. Core portfolio NOI grew 4.9% year over year, slightly above expectations, while core community-based rental income increased 5.7% due to rent increases. The manufactured housing portfolio occupancy stood at 94%, with strong stability from homeowners.
Topics: FFO per share membership business NOI growth occupancy rates rental income resort and marina revenue utility income