Equity LifeStyle Properties Stories Sturdy Third Quarter – RVBusiness

Equity LifeStyle Properties, Inc. (NYSE: ELS) has introduced outcomes for the quarter and 9 months ended Sept. 30. All per share outcomes are reported on a completely diluted foundation except in any other case famous, based on a press launch.

Operations Update

Normalized FFO per Common Share and OP Unit for the quarter ended Sept. 30 was $0.75, representing a 4.6% improve in comparison with the identical interval in 2024, performing on the midpoint of our earlier steering vary of $0.72 to $0.78. Normalized FFO for the 9 months ended Sept. 30 was $2.27 per Common Share and OP Unit, representing a 5.4% improve in comparison with the identical interval in 2024, performing on the midpoint of our earlier steering for every of the three quarterly durations ended this yr.

Core property working revenues elevated 3.1%, Core property working bills, excluding property administration, elevated 0.5% and Core revenue from property operations, excluding property administration, elevated 5.3% for the quarter ended Sept. 30, every as in comparison with the identical interval in 2024.

For the 9 months ended Sept. 30, Core property working revenues elevated 3.2%, Core property working bills, excluding property administration, elevated 0.6% and Core revenue from property operations, excluding property administration, elevated 5.1%, every as in comparison with the identical interval in 2024.

MH

Core MH base rental revenue for the quarter and 9 months ended Sept. 30 elevated 5.5% in comparison with the identical durations in 2024. ELS offered 114 new houses through the quarter ended Sept. 30 and 347 new houses through the 9 months ended Sept. 30.

RV and Marina

Core RV and marina base rental revenue for the quarter ended Sept. 30 decreased 0.4% in comparison with the identical interval in 2024. Core RV and marina annual base rental revenue elevated 3.9% for the quarter ended Sept. 30 in comparison with the identical interval in 2024.

During the third quarter of 2025, ELS crammed roughly 475 annual websites. Core RV and marina base rental revenue for the 9 months ended Sept. 30 elevated 0.2% in comparison with the identical interval in 2024. Core RV and marina annual base rental revenue elevated 3.9% for the 9 months ended Sept. 30 in comparison with the identical interval in 2024.

Property Operating Expenses

Core property working bills, excluding property administration, for the quarter ended Sept. 30, elevated 0.5% in comparison with the identical interval in 2024 and have been decrease in comparison with the earlier steering. For the 9 months ended Sept. 30, Core property working bills, excluding property administration, elevated 0.6% in comparison with the identical interval in 2024.

Balance Sheet Activity

As beforehand disclosed, in July 2025, ELS drew the remaining $90 million from the $240 million unsecured time period mortgage settlement entered into through the second quarter of 2025 and used the proceeds to repay quantities excellent on our line of credit score.

About Equity LifeStyle Properties

ELS is a self-administered, self-managed actual property funding belief (REIT) with headquarters in Chicago. As of Sept. 30, we personal or have an curiosity in 455 properties in 35 states and British Columbia, consisting of 173,341 websites.

For extra info, please contact ELS’ Investor Relations Department at 800-247-5279 or at [email protected].

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