Equity Lifestyle Properties Reports Stable Net Income, 5.7% Increase in Normalized FFO for Q2 2025

Reuters
Jul 22
Equity Lifestyle Properties Reports Stable Net Income, 5.7% Increase in Normalized FFO for <a href="https://laohu8.com/S/QTWO">Q2</a> 2025

Equity Lifestyle Properties Inc. reported its financial results for the second quarter and six months ended June 30, 2025. The company reported a net income per common share of $0.42 for the quarter, consistent with the same period in 2024. Funds from Operations (FFO) per common share and OP unit remained unchanged at $0.69 compared to the previous year, while Normalized FFO per common share and OP unit increased to $0.69 from $0.66, marking a 4.7% increase. Core RV and marina annual base rental income saw a growth of 3.9% for the six months ended June 30, 2025, compared to the same period in 2024. Core property operating revenues increased by 3.5% for the quarter, and the Core income from property operations, excluding property management, rose by 6.4% compared to the same period last year. Core MH base rental income experienced an increase of 5.5% for the quarter. The company entered a $240 million unsecured term loan agreement during the quarter, drawing $150 million in May and $90 million in July 2025. The loan bears interest at SOFR plus 1.20% and matures on May 15, 2030. Additionally, Equity Lifestyle Properties repaid $86.9 million of principal on eight mortgage loans. The outlook for the third quarter and full year 2025, as provided by management, reflects a range of possible outcomes, with the midpoint representing the most likely scenario based on current market conditions and assumptions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equity Lifestyle Properties Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG33716) on July 21, 2025, and is solely responsible for the information contained therein.

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