ELS changes
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- Price
- $61.17 → $61.98(+1.3%)
- Recent events
- Oct added: 27, 2026: ELS said that CEO Marguerite Nader will hand over the CEO role to President and COO Patrick Waite on January 1, 2027. She stays on the board as Executive Vice Chair. Chief Legal Officer David Eldersveld will also become COO, and Waite joined the board. The board kept the quarterly dividend at $0.5425 per share for Q4 2026. Oct 20, 2026: ELS reported Q3 2026 results. Normalized FFO rose 4.6% to $0.79 per share, at the midpoint of its guidance. Core MH base rent rose 5.7%, and core RV and marina base rent rose 2.1%, with annual RV and marina rent up 5.3%. Net income per share fell to $0.45, partly because of a $12.1 million deferred tax valuation allowance. ELS kept the midpoint of its 2026 normalized FFO guidance at $3.18 per share and cut its RV and marina rent growth guidance to 1.2%. Its preliminary 2027 assumptions are rent growth of about 5.1% for MH and about 4.7% for annual RV sites. Jul 28, 2026: ELS declared a third quarter 2026 dividend of $0.5425 per share, paid on October 9, 2026. Jul 22, 2026: ELS reported Q2 2026 results. Normalized FFO rose 7.7% to $0.74 per share, above the midpoint of its guidance. Core MH base rent rose 5.8%, while core RV and marina base rent rose 1.8%. ELS raised the midpoint of its 2026 normalized FFO guidance to $3.18 per share and cut its RV and marina rent growth guidance to 1.6%. Apr 30, 2026: ELS bought the remaining 20% interests in some RV joint ventures for $4.4 million. As a result, it consolidated seven RV properties and one land parcel.