ELS · 10-Q · 2026Q1 · Full report

Rental Operations

EQUITY LIFESTYLE PROPERTIES INC · 2026-04-28 · Importance 56 · Surprise 58

Rental operations revenue increased $1.3 million, or 15.8%, to $9.7 million in Q1 2026 compared to Q1 2025 due to a 12.1% occupancy gain and a 3.7% rate increase in the rental portfolio. Gross investment in new manufactured home rental units rose to $265.4 million (up $50.9 million or 23.7% YoY) and net investment in new rental units increased to $222.8 million (up $46.98 million or 26.7% YoY). The number of occupied new rentals at period end was 1,951, up 13.2% year-over-year, supporting the higher rental revenue run-rate.