ELS · 10-Q · 2026Q1 · Full report

ESG and Physical Climate Risk

EQUITY LIFESTYLE PROPERTIES INC · 2026-04-28 · Importance 64 · Surprise 82

The company discloses specific physical-climate impacts: its Non-Core Portfolio includes six Properties in Florida impacted by Hurricane Ian and two Properties in California impacted by storm and flooding events. Restoration and improvement capital expenditures related to hurricane events were $3.2 million for the quarter ended March 31, 2026 compared with $7.4 million for the quarter ended March 31, 2025. Management also discloses capital improvements and restoration spending as part of overall property improvements and expects weather-related damage to be a potential source of future costs. These disclosed hurricane-related expenditures and impacted properties indicate measurable near-term capex and operational effects tied to severe weather events in Florida and California.

Key facts

• Property upgrades and development included $3.2 million of restoration and improvement capital expenditures related to hurricane events for the quarter ended March 31, 2026
• For comparative reporting, ELP's Non-Core Portfolio includes six Properties in Florida impacted by Hurricane Ian and two Properties in California impacted by storm and flooding events
• Property upgrades and development included $7.4 million of restoration and improvement capital expenditures related to hurricane events for the quarter ended March 31, 2025
• Insurance proceeds due to catastrophic weather event were nil for the quarter ended March 31, 2026