Equity LifeStyle Properties posts Q3 2026 normalized FFO of $0.79 and revenue of $409.9 M
Equity LifeStyle Properties reported third‑quarter 2026 normalized funds‑from‑operations of $0.79 per share, a 4.6% year‑over‑year increase. Revenue rose to $409.9 million, up 4.4% from the prior year, while core property operating revenues grew 4.4% and operating expenses rose 1.3%. Occupied sites increased by 99 during the quarter and the company provided preliminary 2027 rent‑growth assumptions of 5.1% for manufactured housing and 4.7% for RV.
Why it matters
The company reaffirmed its 2026 normalized FFO guidance of $3.15‑$3.21 per share, indicating that the outlook remains unchanged (source 9). Investors can rely on the maintained guidance and the modest revenue beat while noting the EPS miss.
Key facts
- 1Normalized FFO per share for Q3 2026 was $0.79, up 4.6% YoY (source 2). prnewswire.com
- 2Revenue for the quarter was $409.9 million, exceeding consensus estimates (source 3). seekingalpha.com
- 3Core property operating revenues increased 4.4% YoY (source 2). prnewswire.com
- 4Core property operating expenses, excluding property management, increased 1.3% YoY (source 2). prnewswire.com
- 5Occupied sites rose by 99 during the quarter (source 2). prnewswire.com
- 6Preliminary 2027 rent‑growth assumptions are 5.1% for manufactured housing and 4.7% for RV (source 2). prnewswire.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.