ELS Posts 5.7% Core MH Rent Growth in Q3, Assumes About 5.1% for 2027
On Oct. 20, 2026, Equity LifeStyle Properties reported third-quarter results with core manufactured housing base rent up 5.7% and gave its first look at 2027 rent growth.
Key facts
- Normalized FFO came in at $0.79 per share for the quarter, a 4.6% gain over the same period last year.
- Core MH base rental income grew 5.7%, and core net operating income grew 6.7%.
- Core MH average occupancy was 93.8%, down from 94.3% a year earlier, though occupied sites rose by 99 in the quarter.
- ELS held its full-year 2026 Normalized FFO guidance at $3.15 to $3.21 per share.
- Preliminary 2027 assumptions call for roughly 5.1% core MH base rent growth and 4.7% core annual RV rent growth.
Create a free account to read the full summary and the RISE take
A free account gives you the full summary of every story, the RISE take on what it means for owners, and the whole news archive with filters and search.
Takes about a minute. We email you a link to confirm; open it and you come straight back here.
Read the original at Equity LifeStyle Properties (SEC Form 8-K) (opens in a new tab)
Source: ELS Reports Third Quarter Results — Equity LifeStyle Properties (SEC Form 8-K), October 19, 2026. Summary and commentary by RISE Community; read the full story at the source.
Related Stories
- Sun Communities Beats Guidance With $2.35 Core FFO, Sets Early 2027 Rent Outlook
- Flagship Communities Posts Higher Q3 Revenue, Plans 5.6% Rent Increase for 2027
- Manufactured Housing Rent Growth Slows to 6.2% but Still Beats Apartments
- Georgetown, Delaware Repeals Cottage Housing Ordinance After Resident Pushback
- Federal class action targets Hoffman Homes over alleged lending scheme