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0 0.000399904023034563 -0.00167959689674473 -0.000559865632248206 -0.000639846436855141 0.000479884827641384 0.00295928977045513 0.00487882908102055
Stock impact report

ELS Q2 2025 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Equity Lifestyle Properties, Inc. (ELS) 
Last equity lifestyle properties, inc. earnings: 4/20 04:16 pm Check Earnings Report
Executive Vice President and Chief Operating Officer — Patrick Waite Executive Vice President, Chief Financial Officer and Treasurer — Paul Seavey TAKEAWAYS NOI Growth -- NOI increased 5% year-to-date and 6.4% in the quarter, surpassing guidance by 70 basis points. Normalized FFO per Share -- $0.69 for the quarter and up 5.7% year-to-date, both at the midpoint of guidance. MH Portfolio Composition -- Manufactured housing (MH) accounts for about 60% of total revenue, with occupancy over 94% and 97% homeowner occupancy. Core MH Revenue Growth -- Revenue grew 5.5% in the quarter, driven by high occupancy and constrained new site supply. Core Community-Based Rental Income -- Increased 5.5% in the quarter and year-to-date. Core RV and Marina Annual Base Rental Income -- Increased 3.7% in the quarter; annual RV revenue up 3.9% year-to-date. RV Revenue Split -- Over 70% of annual RV revenue comes from Sunbelt locations; remaining 30% arises from summer-focused, family-orie Show less Read more
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