Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Equity Lifestyle Properties (ELS)

Equity LifeStyle Properties Q3 normalized FFO rises 4.6%; GAAP EPS falls 11.1%

Mixed Impact 3 of 5 earnings

Equity LifeStyle Properties reported third-quarter 2026 results, with total revenues of $409.9 million, up from $393.3 million a year earlier. Net income per share fell to $0.45 from $0.50 after a $12.1 million deferred tax valuation allowance, while normalized FFO per share rose 4.6% to $0.79. Management kept the midpoint of its full-year 2026 normalized FFO guidance at $3.18 and gave a preliminary 2027 Core MH base rent growth assumption of approximately 5.1%.

Key points

  • Q3 net income per share was $0.45 versus $0.50; FFO per share was $0.72 versus $0.77, including a $12.1 million deferred tax valuation allowance.
  • Q3 normalized FFO per share was $0.79 versus $0.75; nine-month normalized FFO per share was $2.36 versus $2.27.
  • Full-year 2026 normalized FFO guidance is $3.15 to $3.21 per share, with the midpoint unchanged at $3.18; full-year net income guidance is $2.00 to $2.06 per share.
  • Preliminary 2027 Core MH base rent growth assumption is approximately 5.1%; Core RV annual rent growth assumption is approximately 4.7%.

The filing

CompanyEquity Lifestyle Properties (ELS)
Form8-K, current report
Filed with the SECOct 21, 2026, 9:15 AM ET
Accession number0001628280-26-066614

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

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.