Equity LifeStyle Properties Reports Q3 Results with Gains in Occupied Sites
Equity LifeStyle Properties, Inc. (NYSE: ELS) reported its third-quarter results for the period ending September 30, 2026. Normalized Funds from Operations (FFO) per share increased by 4.6% year-over-year to $0.79, aligning with guidance and driven by strong performance in occupied sites across manufactured housing communities. The company saw a 5.7% increase in Core MH base rental income for the quarter compared to last year, exceeding its previous forecast range slightly. Additionally, RV and Marina operations showed modest growth of 2.1%, while annual membership subscriptions rose sharply by 8.4%. Over nine months, these segments continued to show steady revenue increases. Despite a decline in Net Income per Share due to a deferred tax valuation allowance, the company's operating performance remained robust with rising revenues and controlled expenses across its property portfolio.