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AI brief of an SEC Form 8-K · Equity Lifestyle Properties (ELS)

ELS Q1 Normalized FFO Edges Up to $0.84 per Share; Net Income Falls to $0.56

Mixed Impact 3 of 5 earnings Written later

Equity LifeStyle Properties reported first-quarter 2026 results on April 21, 2026. Normalized FFO per share rose 0.3% to $0.84, while net income per share fell 2.6% to $0.56, and the company trimmed its full-year 2026 Core RV and marina revenue growth outlook because of a delay in marina slip restoration.

Key points

  • Normalized FFO per share was $0.84 versus $0.83 a year earlier; net income per share was $0.56 versus $0.57.
  • Total revenues were $397.6 million versus $387.3 million in the first quarter of 2025.
  • Full-year 2026 Core RV and marina base rental income growth guidance midpoint was cut to 2.4% from 2.9%, attributed to a delay in slip restoration.
  • Second quarter 2026 Normalized FFO per share guidance is $0.69 to $0.75; full-year 2026 Normalized FFO per share guidance is $3.12 to $3.22.

The filing

CompanyEquity Lifestyle Properties (ELS)
Form8-K, current report
Filed with the SECApr 22, 2026, 9:15 AM ET
Accession number0001628280-26-026407

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.