ELS · 10-Q · 2026Q1 · Full report
Capital Return Program
EQUITY LIFESTYLE PROPERTIES INC · 2026-04-28 · Importance 21 · Surprise 14
Management states it considers returning capital to stockholders as part of capital allocation decisions, including potential share repurchases depending on market price and balance sheet flexibility. Net cash used in financing activities increased to $136.8 million in Q1 2026 from $128.2 million in Q1 2025, an increase of $8.6 million. The increase in financing cash outflows was primarily due to an $8.6 million increase in distributions to common stockholders for the quarter. The company continues to maintain an ATM equity offering program (up to $700.0 million capacity) and availability of authorized and unissued common and preferred shares as alternative capital return/leverage management tools.
Key facts
- On November 1, 2024 ELP entered into an ATM equity offering program to sell up to $700.0 million aggregate offering price of common stock
- Net cash used in financing activities was $136,832 thousand for the quarter ended March 31, 2026 compared to $128,169 thousand in the prior year quarter
- Net cash used in financing activities increased $8.6 million to $136,832 thousand for the quarter ended March 31, 2026 primarily due to an increase in distributions to common stockholders of $8.6 million
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -0.1% | Net cash used in financing activities increased $8.6 million to $136,832 thousand for the quarter ended March 31, 2026 primarily due to an… |