Equity LifeStyle sets 2026 FFO, $2.17 dividend
ELS furnished an investor presentation outlining its 2026 guidance, conservative leverage profile, and long-term FFO and dividend growth record.
Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary
Equity LifeStyle Properties, Inc. (ELS) furnished an investor presentation highlighting its portfolio, guidance, and balance sheet. ELS is a self-managed REIT that owns or has interests in 453 properties with 173,559 sites across 35 U.S. states and one Canadian province as of June 30, 2026.
The company reports an enterprise value of $16.3 billion, with Debt/enterprise value of 20.5%, 96% long‑term fixed‑rate debt, a 4.1% weighted average interest rate, and 7 average years to maturity. Trailing twelve months Adjusted EBITDAre was $756.6 million, with Debt/Adjusted EBITDAre of 4.4x and 5.6x interest coverage.
Full‑year 2026 guidance calls for net income per diluted share of $2.05–$2.15, FFO per share and OP unit of $3.15–$3.25, and Normalized FFO of $3.13–$3.23. At the midpoint, Core Portfolio property operating revenues are expected to grow 4.4% and Core income from property operations 6.0%. ELS also notes long‑term growth with an 8.2% Normalized FFO/share CAGR and 19% dividend/share CAGR from 2006–2025, and an approved $2.17 annual dividend for 2026.
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