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.