ELS on NYSE
EQUITY LIFESTYLE PROPERTIES INC
American real estate investment trust based in Chicago, listed on NYSE (ELS)2
In its 2026 annual report the company says: “We are a fully integrated owner of lifestyle-oriented properties consisting of property operations and home sales and rental operations primarily within manufactured home and recreational vehicle communities and marinas. We have a unique business model where we own the land which we lease to customers who own manufactured homes and cottages, RVs and/or boats either on a long-term or short-term basis.”5
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Last updated Oct 21, 2026.
Overview
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- TickerELS on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersChicago, United States2
- Incorporated inMD3
- Business addressTwo N Riverside Plz, Ste 800, Chicago, Il 606063
- Filer categoryLarge accelerated filer3
- Legal formCorporation2
- LEI529900PEQG66LENB67982
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o THE CORPORATION TRUST, INCORPORATED, 2405 YORK ROAD, SUITE 201, 21093 Lutherville Timonium, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D035474862
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Equity LifeStyle Properties, Inc. (“ELS” or the “Company”), a Maryland corporation, together with MHC Operating Limited Partnership (the “Operating Partnership”) and its other consolidated subsidiaries (the “Subsidiaries”), are referred to herein as “we,” “us,” and “our”. We are a fully integrated owner of lifestyle-oriented properties (“Properties”) consisting of property operations and home sales and rental operations primarily within manufactured home (“MH”) and recreational vehicle (“RV”) communities and marinas. We were formed in December 1992 to continue the property operations, business objectives and acquisition strategies of an entity that had owned and operated Properties since 1969. Mr. Samuel Zell served as Chairman of our Board of Directors (the “Board”) from the Company’s initial public offering until his passing in May 2023. Mr. Zell is recognized as a founder of the moder…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Home Sales, Brokered Resales And Ancillary Services brought in 49% of the revenue EQUITY LIFESTYLE PROPERTIES INC broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Home Sales, Brokered Resales And Ancillary Services | $145.2M | $117.7M | $86.0M |
| Right-To-Use Annual Payment | $65.4M | $65.9M | $69.3M |
| Right-To-Use Contracts, Current | $14.7M | $16.4M | $12.4M |
| Membership Subscription | $27.5M | $6.7M |
Business segments
Property Operations brought in 96% of the revenue EQUITY LIFESTYLE PROPERTIES INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Property Operations | $1.4B | $1.4B | $1.5B |
| Home Sales And Rentals | $109.9M | $86.2M | $57.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs74¢$1.1B
- Income tax0¢$3.3M
- Profit26¢$402.1M
Out of $1.5B in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Dividends paid68¢$388.0M
- Kept or used elsewhere32¢$183.2M
Out of $571.1M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental income | $1.3B | $1.2B | $1.2B |
| Other income | $62.8M | $75.4M | $67.4M |
| Interest income | $9.6M | $9.2M | $9.0M |
| Income from other investments, net | $8.8M | $8.3M | $8.7M |
| Total revenues | $1.5B | $1.5B | $1.5B |
| Property operating and maintenance | $493.4M | $480.4M | $469.9M |
| Real estate taxes | $85.1M | $82.0M | $78.0M |
| Membership sales and marketing | $16.1M | $22.1M | $21.0M |
| Depreciation and amortization | $208.9M | $203.9M | $203.7M |
| Home selling expenses and ancillary operating expenses | $26.5M | $27.6M | $27.5M |
| General and administrative | $37.5M | $38.5M | $47.3M |
| Casualty-related charges/(recoveries), net | -$4.5M | -$20.9M | $0 |
| Other expenses | $4.8M | $5.5M | $5.8M |
| Early debt retirement | $0 | $5.8M | $68.0K |
| Interest and related amortization | $131.0M | $137.7M | $132.3M |
| Total expenses | $1.1B | $1.1B | $1.2B |
| Income before taxes and other items | $391.3M | $380.7M | $320.1M |
| Gain/(Loss) on sale of real estate and impairment, net | $919.0K | -$2.5M | -$3.6M |
| Income tax benefit | $3.3M | $354.0K | $10.5M |
| Equity in income/(loss) of unconsolidated joint ventures | $6.5M | $6.2M | $2.7M |
| Consolidated net income | $402.1M | $384.8M | $329.7M |
| Income allocated to non-controlling interests Common OP Units | -$15.6M | -$17.8M | -$15.5M |
| Redeemable perpetual preferred stock dividends | -$16.0K | -$16.0K | -$16.0K |
| Net income available for Common Stockholders | $386.5M | $367.0M | $314.2M |
| Adjustment for fair market value of swap | -$4.5M | -$3.8M | -$13.1M |
| Consolidated comprehensive income | $397.6M | $381.1M | $316.6M |
| Comprehensive income allocated to non-controlling interests Common OP Units | -$15.4M | -$17.6M | -$14.9M |
| Comprehensive income attributable to Common Stockholders | $382.2M | $363.4M | $301.7M |
| Earnings per Common Share Basic (usd per share) | $2.01 | $1.96 | $1.69 |
| Earnings per Common Share Fully Diluted (usd per share) | $2.01 | $1.96 | $1.69 |
| Weighted average Common Shares outstanding Basic (in shares) | 192.1M shares | 187.4M shares | 186.1M shares |
| Weighted average Common Shares outstanding Fully Diluted (in shares) | 200.1M shares | 196.6M shares | 195.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $2.1B | $2.1B | ||
| Land improvements | $4.8B | $4.6B | ||
| Buildings and other depreciable property | $1.3B | $1.2B | ||
| Investment in real estate | $8.2B | $7.9B | ||
| Accumulated depreciation | -$2.8B | -$2.6B | ||
| Net investment in real estate | $5.3B | $5.3B | ||
| Cash and restricted cash | $26.1M | $24.6M | $29.9M | $22.3M |
| Notes receivable, net | $93.4M | $50.7M | ||
| Investment in unconsolidated joint ventures | $85.0M | $83.8M | ||
| Deferred commission expense | $58.1M | $56.5M | ||
| Other assets, net | $142.3M | $153.9M | ||
| Total Assets | $5.7B | $5.6B | $5.6B | |
| Mortgage notes payable, net | $2.8B | $2.9B | ||
| Term loans, net | $437.5M | $199.3M | ||
| Unsecured line of credit | $105.0M | $77.0M | ||
| Accounts payable and other liabilities | $152.5M | $159.2M | ||
| Deferred membership revenue | $221.5M | $229.3M | ||
| Accrued interest payable | $11.3M | $10.7M | ||
| Rents and other customer payments received in advance and security deposits | $120.4M | $122.4M | ||
| Distributions payable | $103.1M | $95.6M | ||
| Total Liabilities | $3.9B | $3.8B | ||
| Preferred stock, $0.01 par value, 10,000,000 shares authorized as of December 31, 2025 and December 31, 2024; none issued and outstanding. | $0 | $0 | ||
| Common stock, $0.01 par value, 600,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 193,835,561 and 191,056,527 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. | $2.0M | $2.0M | ||
| Paid-in capital | $2.0B | $2.0B | ||
| Distributions in excess of accumulated earnings | -$225.0M | -$215.0M | ||
| Accumulated other comprehensive income/(loss) | -$2.2M | $2.3M | ||
| Total Stockholders Equity | $1.8B | $1.7B | ||
| Non-controlling interests Common OP Units | $58.6M | $83.1M | ||
| Total Equity | $1.8B | $1.8B | $1.5B | $1.5B |
| Total Liabilities and Equity | $5.7B | $5.6B | ||
| Preferred stock, par value (usd per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (usd per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 600.0M shares | 600.0M shares | ||
| Common stock, shares issued (in shares) | 193.8M shares | 191.1M shares | ||
| Common stock, shares outstanding (in shares) | 193.8M shares | 191.1M shares | 186.4M shares | 186.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $2.1B | $2.1B | ||
| Land improvements | $4.8B | $4.6B | ||
| Buildings and other depreciable property | $1.3B | $1.2B | ||
| Investment in real estate | $8.2B | $7.9B | ||
| Accumulated depreciation | -$2.8B | -$2.6B | ||
| Net investment in real estate | $5.3B | $5.3B | ||
| Cash and restricted cash | $26.1M | $24.6M | $29.9M | $22.3M |
| Notes receivable, net | $93.4M | $50.7M | ||
| Investment in unconsolidated joint ventures | $85.0M | $83.8M | ||
| Deferred commission expense | $58.1M | $56.5M | ||
| Other assets, net | $142.3M | $153.9M | ||
| Total Assets | $5.7B | $5.6B | $5.6B | |
| Mortgage notes payable, net | $2.8B | $2.9B | ||
| Term loans, net | $437.5M | $199.3M | ||
| Unsecured line of credit | $105.0M | $77.0M | ||
| Accounts payable and other liabilities | $152.5M | $159.2M | ||
| Deferred membership revenue | $221.5M | $229.3M | ||
| Accrued interest payable | $11.3M | $10.7M | ||
| Rents and other customer payments received in advance and security deposits | $120.4M | $122.4M | ||
| Distributions payable | $103.1M | $95.6M | ||
| Total Liabilities | $3.9B | $3.8B | ||
| Preferred stock, $0.01 par value, 10,000,000 shares authorized as of December 31, 2025 and December 31, 2024; none issued and outstanding. | $0 | $0 | ||
| Common stock, $0.01 par value, 600,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 193,835,561 and 191,056,527 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. | $2.0M | $2.0M | ||
| Paid-in capital | $2.0B | $2.0B | ||
| Distributions in excess of accumulated earnings | -$225.0M | -$215.0M | ||
| Accumulated other comprehensive income/(loss) | -$2.2M | $2.3M | ||
| Total Stockholders Equity | $1.8B | $1.7B | ||
| Non-controlling interests Common OP Units | $58.6M | $83.1M | ||
| Total Equity | $1.8B | $1.8B | $1.5B | $1.5B |
| Total Liabilities and Equity | $5.7B | $5.6B | ||
| Preferred stock, par value (usd per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (usd per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 600.0M shares | 600.0M shares | ||
| Common stock, shares issued (in shares) | 193.8M shares | 191.1M shares | ||
| Common stock, shares outstanding (in shares) | 193.8M shares | 191.1M shares | 186.4M shares | 186.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Consolidated net income | $402.1M | $384.8M | $329.7M |
| Loss on sale of real estate and impairment, net | -$919.0K | $2.5M | $3.6M |
| Early debt retirement | $0 | $5.8M | $68.0K |
| Depreciation and amortization | $213.7M | $209.4M | $209.1M |
| Amortization of loan costs | $5.1M | $5.2M | $4.9M |
| Debt premium amortization | $0 | $0 | -$62.0K |
| Equity in (income)/loss of unconsolidated joint ventures | -$6.5M | -$6.2M | -$2.7M |
| Distributions of income from unconsolidated joint ventures | $395.0K | $1.3M | $1.3M |
| Proceeds from insurance claims, net | -$4.0M | -$26.8M | $37.6M |
| Compensation expense related to incentive plans | $7.3M | $9.4M | $17.8M |
| Revenue recognized from membership upgrade sales upfront payments | -$13.7M | -$16.4M | -$14.7M |
| Commission expense related to memberships sales | $5.0M | $4.6M | $4.2M |
| Deferred income tax benefit | -$1.2M | -$354.0K | -$10.5M |
| Manufactured homes, net | -$44.7M | $12.5M | -$31.8M |
| Notes receivable, net | $13.2M | -$4.6M | -$4.6M |
| Deferred commission expense | -$6.6M | -$7.5M | -$7.4M |
| Other assets, net | $5.8M | -$4.3M | -$1.4M |
| Accounts payable and other liabilities | -$7.7M | $212.0K | -$25.8M |
| Deferred membership revenue | $5.9M | $31.1M | $35.3M |
| Rents and other customer payments received in advance and security deposits | -$2.0M | -$4.0M | $3.4M |
| Net cash provided by operating activities | $571.1M | $596.7M | $548.0M |
| Real estate acquisitions, net | $0 | -$1.3M | -$9.3M |
| Proceeds from sale properties | $2.5M | $0 | $0 |
| Investment in unconsolidated joint ventures | -$9.7M | -$10.3M | -$9.3M |
| Distributions of capital from unconsolidated joint ventures | $13.9M | $15.4M | $5.6M |
| Proceeds from insurance claims, net | $9.4M | $19.7M | $5.3M |
| Issuance of notes receivable | -$56.1M | $0 | $0 |
| Capital improvements | -$237.1M | -$241.3M | -$317.1M |
| Net cash used in investing activities | -$277.1M | -$217.8M | -$324.8M |
| Proceeds from stock options and employee stock purchase plan | $1.5M | $1.8M | $2.0M |
| Gross proceeds from the issuance of common stock | $0 | $317.4M | $0 |
| Common Stockholders | -$388.0M | -$350.6M | -$326.4M |
| Common OP Unitholders | -$17.0M | -$17.1M | -$16.2M |
| Preferred Stockholders | -$16.0K | -$16.0K | -$16.0K |
| Share based award tax withholding payments | -$2.3M | -$1.9M | -$1.9M |
| Principal payments and mortgage debt repayment | -$151.8M | -$64.5M | -$164.6M |
| Mortgage notes payable financing proceeds | $0 | $0 | $463.8M |
| Term loan proceeds | $240.0M | $0 | $0 |
| Term loan repayment | $0 | -$300.0M | $0 |
| Line of credit repayment | -$867.0M | -$543.5M | -$688.0M |
| Line of credit proceeds | $895.0M | $589.5M | $521.0M |
| Debt issuance and defeasance costs | -$2.5M | -$11.3M | -$5.0M |
| Other | -$436.0K | -$4.1M | -$275.0K |
| Net cash used in financing activities | -$292.5M | -$384.2M | -$215.7M |
| Net increase (decrease) in cash and restricted cash | $1.6M | -$5.4M | $7.6M |
| Cash paid for interest, net | $130.0M | $140.0M | $130.2M |
| Cash paid for the purchase of manufactured homes | $77.5M | $43.5M | $106.6M |
| Investment in real estate | $0 | -$1.3M | -$10.1M |
| Other assets, net | $0 | $0 | $13.0K |
| Rents and other customer payments received in advance and security deposits | $0 | $0 | $718.0K |
| Real estate acquisitions, net | $0 | -$1.3M | -$9.3M |
No quarter-by-quarter statement was filed.
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Corporate structure
EQUITY LIFESTYLE PROPERTIES INC sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of EQUITY LIFESTYLE PROPERTIES INC
- Cohen & Steers Filed SCHEDULE 13G/A on EQUITY LIFESTYLE PROPERTIES INC, latest Aug 14, 2026 (2 filings since Feb 13, 2026)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G/A on EQUITY LIFESTYLE PROPERTIES INC, latest May 15, 2026 (6 filings since Feb 14, 2022)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on EQUITY LIFESTYLE PROPERTIES INC, latest Apr 29, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on EQUITY LIFESTYLE PROPERTIES INC, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on EQUITY LIFESTYLE PROPERTIES INC, latest Mar 26, 2026 (4 filings since Feb 10, 2022)
- Aristotle Capital Management, LLC Filed SCHEDULE 13G/A on EQUITY LIFESTYLE PROPERTIES INC, latest Nov 14, 2025 (2 filings since Feb 14, 2024)
- State Street Corporation Filed SCHEDULE 13G on EQUITY LIFESTYLE PROPERTIES INC, latest May 13, 2025 (2 filings since Jan 29, 2024)
- FMR LLC Filed SC 13G/A on EQUITY LIFESTYLE PROPERTIES INC, latest Feb 9, 2024 (3 filings since Feb 9, 2022)
- BlackRock Filed SC 13G/A on EQUITY LIFESTYLE PROPERTIES INC, latest Jan 23, 2024 (4 filings since Feb 1, 2022)
- EQUITY LIFESTYLE PROPERTIES INC Chicago, Illinois, United States
- MHC Calco Trust Subsidiary · Maryland, United States
- MHC OPERATING LIMITED PARTNERSHIP Subsidiary · Chicago, Illinois, United States
- MHC T1000 Trust Subsidiary · Maryland, United States
- Realty Systems, Inc. Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What EQUITY LIFESTYLE PROPERTIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $2.1B6 Dec 31, 2025 | $2.1B6 Dec 31, 2024 | 0% |
| Buildings and improvements | $1.3B6 Dec 31, 2025 | $1.2B6 Dec 31, 2024 | +5.0% |
| Operating-lease assets (leased space) | $20.8M6 Dec 31, 2025 | $23.9M6 Dec 31, 2024 | −13.0% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $5.3B6 Dec 31, 2025 | $5.3B6 Dec 31, 2024 | +1.2% |
| Real estate investments, at cost | $8.2B6 Dec 31, 2025 | $7.9B6 Dec 31, 2024 | +3.3% |
| Real estate accumulated depreciation | $2.8B6 Dec 31, 2025 | $2.6B6 Dec 31, 2024 | +7.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $17.6M6 Dec 31, 2025 | $17.6M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $38.0M6 Dec 31, 2025 | $38.0M6 Dec 31, 2024 | 0% |
| Accumulated amortization | $21.1M6 Dec 31, 2025 | $16.6M6 Dec 31, 2024 | +27.1% |
Properties, in its own words
General
Our Properties provide common area facilities and attractive amenities that create an inviting community for our residents and guests. These common area facilities generally include a clubhouse, a swimming pool, laundry facilities, cable television and internet service. Many Properties also offer additional amenities such as golf courses, tennis, pickleball, shuffleboard and basketball courts, sauna/whirlpool spas, exercise rooms and various social activities. It is our responsibility to provide maintenance of the common area facilities and amenities and to ensure that our residents and guests comply with our community policies, including maintaining their homes and the surrounding area. Most of our residents own their homes; and therefore, also have a vested interest to care for their homes. We hold regular meetings with management personnel at our Properties to understand and address the needs of our residents and guests and to provide necessary trainings. Our Properties historically have had, and we believe they will continue to have, low turnover and high occupancy rates.
The rest of Item 2
Property Portfolio
As of December 31, 2025, we owned or had an ownership interest in a portfolio of 453 Properties located predominantly in the United States containing 173,371 Sites. A total of 112 of the Properties were encumbered by debt (see Item 8. Financial Statements and Supplementary Data—Note 9. Borrowing Arrangements). The distribution of our Properties reflects our belief that geographic diversification helps to insulate the total portfolio from regional economic influences. We intend to target new acquisitions in or near markets where our Properties are located and will also consider acquisitions of properties outside such markets.
Our two largest Properties as determined by property operating revenues were Colony Cove, located in Ellenton, Florida and ViewPoint RV & Golf Resort, located in Mesa, Arizona. Each accounted for approximately 2.0% of our total property operating revenues for the year ended December 31, 2025.
The following table sets forth certain information relating to our 435 wholly-owned Properties containing 169,468 Sites as of December 31, 2025, not including Properties owned through joint ventures. These Properties are categorized by major market. For RV and marina Properties, the total number of annual Sites represents Sites occupied by annual residents and are presented as 100% occupied. Annual Site occupancy percentage subtotals by market and grand total are presented on a weighted average basis.
Property · City · State · Property Type · Acres (a) · DevelopableAcres (b) · Total Number of Sites as of 12/31/2025 · Total Number of Annual Sites as of 12/31/2025 · Annual Site Occupancy as of 12/31/2025
Florida
East:
Aventura Marina · Aventura · FL · Marina · 15 · — · 6 · 5 · 100.0%
Hi-Lift Marina · Aventura · FL · Marina · 3 · — · 211 · 186 · 100.0%
Cheron Village · Davie · FL · MH · 30 · — · 202 · 202 · 100.0%
Carriage Cove · Daytona Beach · FL · MH · 59 · — · 418 · 418 · 75.6%
Daytona Beach Marina · Daytona Beach · FL · Marina · 5 · — · 179 · 144 · 100.0%
Coquina Crossing · Elkton · FL · MH · 316 · — · 741 · 741 · 80.0%
Bulow Plantation · Flagler Beach · FL · MH · 323 · 90 · 276 · 276 · 98.9%
Bulow RV · Flagler Beach · FL · RV · (f) · 91 · 352 · 72 · 100.0%
Carefree Cove · Fort Lauderdale · FL · MH · 20 · — · 164 · 164 · 93.3%
Everglades Lakes · Fort Lauderdale · FL · MH · 103 · — · 611 · 611 · 93.8%
Park City West · Fort Lauderdale · FL · MH · 60 · — · 363 · 363 · 98.9%
Sunshine Holiday MH · Fort Lauderdale · FL · MH · 32 · — · 245 · 245 · 97.1%
Sunshine Holiday RV · Fort Lauderdale · FL · RV · (f) · — · 130 · 44 · 100.0%
Property · City · State · Property Type · Acres (a) · DevelopableAcres (b) · Total Number of Sites as of 12/31/2025 · Total Number of Annual Sites as of 12/31/2025 · Annual Site Occupancy as of 12/31/2025
Hollywood Marina · Hollywood · FL · Marina · 9 · — · 190 · 172 · 100.0%
Jupiter Marina · Jupiter · FL · Marina · 5 · — · 247 · 241 · 100.0%
Lake Worth Village · Lake Worth · FL · MH · 117 · — · 823 · 823 · 98.4%
Lantana Marina (e) · Lantana · FL · Marina · 5 · — · 394 · 277 · 100.0%
Maralago Cay · Lantana · FL · MH · 102 · — · 602 · 602 · 96.3%
South Lantana Marina (e) · Lantana · FL · Marina · 1 · — · 73 · 42 · 100.0%
Coral Cay Plantation · Margate · FL · MH · 121 · — · 818 · 818 · 97.7%
Lakewood Village · Melbourne · FL · MH · 68 · — · 349 · 349 · 88.5%
Miami Everglades · Miami · FL · RV · 34 · 9 · 303 · 44 · 100.0%
South Miami Marina (e) · Miami · FL · Marina · 41 · — · 254 · 222 · 100.0%
Okeechobee RV Resort · Okeechobee · FL · RV · 110 · — · 740 · 305 · 100.0%
Holiday Village, Ormond Beach · Ormond Beach · FL · MH · 43 · — · 301 · 301 · 88.7%
Sunshine Holiday-Daytona North · Ormond Beach · FL · RV · 69 · 3 · 349 · 151 · 100.0%
Palm Beach Gardens Marina · Palm Beach Gardens · FL · Marina · 12 · — · 133 · 118 · 100.0%
The Meadows, FL · Palm Beach Gardens · FL · MH · 55 · — · 378 · 378 · 96.8%
Breezy Hill · Pompano Beach · FL · RV · 52 · — · 762 · 335 · 100.0%
Hidden Harbour Marina · Pompano Beach · FL · Marina · 4 · — · 357 · 264 · 100.0%
Highland Woods Travel Park · Pompano Beach · FL · RV · 15 · — · 148 · 18 · 100.0%
Inlet Harbor Marina (e) · Ponce Inlet · FL · Marina · 10 · — · 295 · 215 · 100.0%
Lighthouse Pointe at Daytona Beach · Port Orange · FL · MH · 64 · — · 435 · 435 · 82.1%
Pickwick Village · Port Orange · FL · MH · 84 · — · 441 · 441 · 93.9%
Rose Bay · Port Orange · FL · RV · 21 · 2 · 303 · 143 · 100.0%
Palm Lake · Riviera Beach · FL · MH · 154 · — · 916 · 916 · 73.7%
Riviera Beach Marina · Riviera Beach · FL · Marina · 6 · — · 326 · 297 · 100.0%
Indian Oaks · Rockledge · FL · MH · 38 · — · 208 · 208 · 100.0%
Space Coast · Rockledge · FL · RV · 24 · — · 270 · 179 · 100.0%
St. Pete Marina · St. Petersburg · FL · Marina · 15 · — · 438 · 376 · 100.0%
Item 2 of the 10-K filed Feb 18, 2026.5
Leadership
Who has led EQUITY LIFESTYLE PROPERTIES INC, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerMarguerite M. Nader Feb 5, 2013 to now15
- Chief executive officerMichael B. Berman Sep 2, 2009 to Nov 3, 200916
- Chief executive officerThomas Heneghan May 5, 2006 to Feb 1, 201317
- ChairThomas Heneghan Aug 1, 2023 to now18
- ChairSam Zell Mar 1, 2006 to Apr 27, 202319
- PresidentPatrick Waite May 1, 2025 to now20
- PresidentMarguerite M. Nader Feb 5, 2013 to May 1, 202515
- PresidentJoe B. McAdams Jan 14, 2008 to Jan 4, 201121
- PresidentThomas Heneghan May 5, 2006 to May 12, 200817
- Chief financial officerPaul Seavey Feb 5, 2013 to now22
- Chief financial officerMarguerite M. Nader Jan 4, 2012 to Feb 1, 201323
- Chief financial officerMichael B. Berman Jul 6, 2006 to Nov 2, 201124
- Chief operating officerPatrick Waite Jul 1, 2015 to now25
- Chief operating officerRoger Maynard Feb 1, 2006 to Apr 1, 200926
Board members and other officers (34)
- EVP Sales, Mktg, Business DevDaniel Perlis Feb 6, 2025 to now27
- SVP & Chief Accounting OfficerCaroline Karp Feb 11, 2025 to now28
- Chief Accounting OfficerValerie Henry Aug 5, 2019 to Aug 5, 201929
- EVP, GC and SecretaryDavid P. Eldersveld Feb 3, 2016 to Feb 2, 202130
- Chief Accounting OfficerAnn Wallin Jun 17, 2015 to Jun 17, 201531
- Senior VP of OperationsPatrick Waite Feb 4, 2013 to May 4, 201532
- Vice chairThomas Heneghan Mar 11, 2013 to Apr 27, 202333
- Chief Accounting OfficerJohn Los Mar 25, 2013 to Mar 25, 201334
- SVP of MarketingLarisa Drake Apr 11, 2013 to Feb 8, 202435
- Sr Vice President & TreasurerPaul Seavey Apr 12, 2012 to Jan 2, 201336
- SVP & Chief Accounting OfficerThomas C. Novosel Apr 12, 2012 to Apr 12, 201237
- Sr Vice Pres of Sales and MktgSeth Rosenberg Feb 3, 2011 to Sep 18, 201238
- SVP - Gen. Counsel & SecretaryKenneth Kroot Nov 15, 2011 to Sep 18, 201239
- EVP-Asset ManagementRoger Maynard May 4, 2009 to Feb 2, 202240
- Exec VP- Property ManagementEllen Kelleher Aug 3, 2009 to Nov 13, 201241
- Vice chairHoward Walker Mar 1, 2006 to Feb 5, 201842
- Vice President-Business Deve.Marguerite M. Nader Mar 21, 2006 to now43
- Board memberRadhika Papandreou Feb 15, 2024 to now44
- Board memberDerrick Burks Feb 16, 2021 to now45
- Board memberAndrew Berkenfield Feb 20, 2020 to now46
- Board memberScott R. Peppet Aug 2, 2018 to now47
- Board memberConstance Freedman Nov 2, 2017 to now48
- Board memberTao Huang Nov 10, 2015 to Apr 29, 202149
- Board memberMarguerite M. Nader May 10, 2013 to now50
- Board memberDavid J. Contis Feb 2, 2009 to now51
- Board memberDonald S. Chisholm Jan 10, 2006 to Apr 3, 200952
- Board memberHoward Walker Mar 1, 2006 to Feb 5, 201842
- Board memberPhilip Calian Mar 1, 2006 to now53
- Board memberSheli Z. Rosenberg Mar 1, 2006 to Apr 3, 202454
- Board memberGary Waterman May 5, 2006 to Feb 9, 201755
- Board memberThomas E. Dobrowski May 5, 2006 to May 4, 201756
- Board memberThomas Heneghan May 5, 2006 to Apr 27, 202317
- General counselDavid P. Eldersveld Jun 8, 2015 to now57
- General counselEllen Kelleher Dec 13, 2006 to Jan 2, 200958
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- MHC Calco Trust Maryland4
- MHC Operating Limited Partnership Illinois4
- MHC T1000 Trust Maryland4
- Realty Systems, Inc. Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- MANUFACTURED HOME COMMUNITIES INCDec 9, 1994 to Nov 16, 20043
Timeline
- Sep 10, 20268-K Regulation FD disclosure59
- Jul 28, 20268-K Other events60
- Jul 23, 20268-K Results of operations61
- May 27, 20268-K Regulation FD disclosure62
- May 4, 20268-K Regulation FD disclosure63
- Apr 29, 20268-K Shareholder vote; Other events64
- Apr 22, 20268-K Results of operations65
- Feb 26, 20268-K Regulation FD disclosure66
- Feb 9, 20268-K Executive or director change; Other events67
- Jan 29, 20268-K Results of operations; Other events68
- Jan 28, 20268-K Other events69
- Oct 28, 20258-K Other events70
- Feb 5, 2013New chief executive Marguerite M. Nader becomes CEO15
- Sep 2, 2009New chief executive Michael B. Berman becomes CEO16
- May 5, 2006New chief executive Thomas Heneghan becomes CEO17
Calendar
Coming up
- Around Oct 23, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Jul 23, 2026Reported quarterly or annual results61
- Apr 22, 2026Reported quarterly or annual results65
- Jan 29, 2026Reported quarterly or annual results68
- Oct 23, 2025Reported quarterly or annual results71
- Jul 22, 2025Reported quarterly or annual results72
- Apr 22, 2025Reported quarterly or annual results73
- Jan 28, 2025Reported quarterly or annual results74
- Oct 22, 2024Reported quarterly or annual results75
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
333 filings to the SEC since October 2021: 6 annual reports, 18 quarterly reports, 58 major events, 190 insider forms, 25 large holders, 36 other. The latest 20:
- Oct 5, 20264 EDGAR
- Sep 10, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 5, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 28, 20268-K EDGAR
- Jul 23, 20268-K EDGAR
- Jul 2, 20264 EDGAR
- May 27, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 5, 20264 EDGAR
- May 5, 20264 EDGAR
- May 4, 20268-K EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
The 333 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 18, 2026 | CONTIS DAVID JDirector | Sale | 3,000 | $67.22 | $201.7K | Form 4 |
| May 7, 2025 | Seavey PaulEVP & Chief Financial Officer | Sale | 10,000 | $64.72 | $647.2K | Form 4 |
| Sep 17, 2024 | Seavey PaulEVP & Chief Financial Officer | Sale | 31,988 | $74.83 | $2.4M | Form 4 |
| Sep 16, 2024 | NADER MARGUERITE MVice Chairman and CEO | Sale | 33,000 | $75.52 | $2.5M | Form 4 |
| Aug 16, 2024 | Waite PatrickPresident & COO | Sale | 20,820 | $70.23 | $1.5M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Cohen & SteersSCHEDULE 13G/A, 2 filings Feb 13, 2026 to Aug 14, 202676
- PRICE T ROWE ASSOCIATES INC /MD/SCHEDULE 13G/A, 6 filings Feb 14, 2022 to May 15, 202677
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202678
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202679
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 26, 202680
- Aristotle Capital Management, LLCSCHEDULE 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202581
- State Street CorporationSCHEDULE 13G, 2 filings Jan 29, 2024 to May 13, 202582
- FMR LLCSC 13G/A, 3 filings Feb 9, 2022 to Feb 9, 202483
- BlackRockSC 13G/A, 4 filings Feb 1, 2022 to Jan 23, 202484
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Marguerite NaderVice Chairman and Chief Executive Officer | $683.2K | $4.0M85 | |
| 2025 | Patrick WaitePresident and Chief Operating Officer | $450.1K | $2.9M85 | |
| 2025 | Paul SeaveyExecutive Vice President and Chief Financial Officer | $450.1K | $2.6M85 | |
| 2025 | David EldersveldExecutive Vice President, Chief Legal Officer and Corporate Secretary | $450.1K | $2.4M85 | |
| 2024 | Marguerite NaderVice Chairman and Chief Executive Officer | $688.4K | $4.2M85 | |
| 2024 | Patrick WaitePresident and Chief Operating Officer | $453.5K | $2.8M85 | |
| 2024 | Paul SeaveyExecutive Vice President and Chief Financial Officer | $453.5K | $2.8M85 | |
| 2024 | David EldersveldExecutive Vice President, Chief Legal Officer and Corporate Secretary | $453.5K | $2.4M85 | |
| 2023 | Marguerite NaderVice Chairman and Chief Executive Officer | $641.6K | $4.3M85 | |
| 2023 | Patrick WaitePresident and Chief Operating Officer | $422.7K | $2.8M85 | |
| 2023 | Paul SeaveyExecutive Vice President and Chief Financial Officer | $422.7K | $2.8M85 | |
| 2023 | David EldersveldExecutive Vice President, Chief Legal Officer and Corporate Secretary | $422.7K | $2.3M85 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 24,460,025 | $1.6B | 0.0% | +562,790 |
| Vanguard Portfolio Management LLC | 16,433,541 | $1.1B | 0.0% | +578,165 |
| State Street Corp | 11,608,725 | $754.4M | 0.0% | −84,623 |
| Vanguard Capital Management LLC | 8,773,609 | $565.5M | 0.0% | +366,558 |
| Aristotle Capital Management, LLC | 8,183,427 | $527.4M | 1.1% | −435,200 |
| Principal Financial Group Inc | 7,548,806 | $486.5M | 0.2% | +1,113,441 |
| Victory Capital Management Inc | 5,262,476 | $339.2M | 0.2% | −168,640 |
| Geode Capital Management, LLC | 4,913,444 | $316.7M | 0.0% | +135,339 |
| Daiwa Securities Group Inc. | 3,721,394 | $239.8M | 0.5% | +195,045 |
| Massachusetts Financial Services Co /ma/ | 3,512,521 | $233.2M | 0.1% | −808,789 |
| Centersquare Investment Management LLC | 3,200,525 | $206.3M | 1.8% | +946,174 |
| Charles Schwab Investment Management Inc | 3,095,506 | $199.5M | 0.0% | +184,860 |
| Jpmorgan Chase & Co | 3,035,606 | $197.0M | 0.0% | −1,710,408 |
| Boston Partners | 2,815,355 | $181.4M | 0.2% | +83,149 |
| Dimensional Fund Advisors LP | 2,810,482 | $181.1M | 0.0% | +4,402 |
| Invesco Ltd. | 2,558,297 | $164.9M | 0.0% | +1,970,228 |
| Resolution Capital Ltd | 2,508,699 | $161.7M | 3.0% | +623,407 |
| Norges Bank | 2,325,181 | $149.9M | 0.0% | New |
| Morgan Stanley | 2,049,432 | $132.1M | 0.0% | −87,124 |
| Northern Trust Corp | 2,013,899 | $129.8M | 0.0% | −13,993 |
| Bank Of America Corp /de/ | 1,944,155 | $125.3M | 0.0% | −36,763 |
| Arrowstreet Capital, Limited Partnership | 1,882,237 | $121.3M | 0.1% | +502,327 |
| Duff & Phelps Investment Management Co | 1,580,485 | $101.9M | 1.0% | +116,100 |
| Canada Pension Plan Investment Board | 1,418,675 | $91.4M | 0.1% | −582,500 |
| Bank of New York Mellon Corp | 1,381,101 | $89.0M | 0.0% | −80,678 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 11, 2025 | Ritchie TorresDemocratic, House | Sale | $1,001 - $15,000 | +24.2% | Report |
| Jul 10, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +24.3% | Report |
| Jun 17, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −31.3% | Report |
| Sep 26, 2024 | Ritchie TorresDemocratic, House | Buy | $1,001 - $15,000 | −48.6% | Report |
| May 3, 2024 | Tommy TubervilleRepublican, Senate | Sale | $1,001 - $15,000 | +54.3% | Report |
| Oct 6, 2022 | Tommy TubervilleRepublican, Senate | Buy | $1,001 - $15,000 | −108.6% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How EQUITY LIFESTYLE PROPERTIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREQUITY LIFESTYLE PROPERTIES INC1
- CIK0000895417
- Employer ID (EIN)36-38576645
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressTwo N Riverside Plz, Ste 800, Chicago, IL 606061
- Mailing addressTwo N Riverside Plaze, Chicago, IL 606061
- Phone31227914001
- Shares outstanding193,937,553 as of Apr 22, 202613
- Public float$11.7B as of Jun 30, 20255
- AuditorErnst & Young LLP, Chicago, Illinois PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceDec 9, 19941
- Filings2,473 in all: 4 (1,457), 8-K (421), SC 13G/A (124), 10-Q (92), 4/A (38), UPLOAD (33), DEF 14A (31), 10-K (30)1
All 48 form types
3 (29), SC 13G (29), DEFA14A (28), CORRESP (22), 5 (18), 424B5 (12), PRE 14A (8), 144 (6), 424B3 (6), S-3ASR (6), S-8 (6), SC 14D9/A (6), 10-Q/A (5), 424B7 (5), SC 14D1/A (5), SCHEDULE 13G (5), 8-K/A (4), ARS (4), NO ACT (4), S-3 (4), SCHEDULE 13G/A (4), 10-K/A (3), 424B2 (3), SC 13D/A (3), 25-NSE (2), 8-A12B (2), CERTNYS (2), FWP (2), S-3/A (2), SC 13E3/A (2), 3/A (1), NT 10-K (1), S-8 POS (1), SC 13D (1), SC 13E1 (1), SC 14D1 (1), SC 14D9 (1), SC TO-C (1), SC TO-I (1), SC TO-I/A (1)
- Latest filingsAnnual report (10-K) Feb 18, 2026
Quarterly report (10-Q) Jul 28, 2026
Proxy statement (DEF 14A) Mar 17, 2026
Latest 8-K (8-K) Sep 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 Par Value | ELS | New York Stock Exchange |
From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks EQUITY LIFESTYLE PROPERTIES INC names in Item 1A of its 10-K filed Feb 18, 2026: 50 risks under these headings, as written.5
- Risks Relating to Our Operations and Real Estate Investments
- The Economic Performance and Value of Our Properties Are Subject to Risks Associated with the Real Estate Industry.
- Significant Inflation Could Negatively Impact Our Business.
- General Economic Conditions and Economic Downturns in Markets with a Large Concentration of Our Properties May Adversely Affect Our Financial Condition, Results of Operations, Cash Flows and Ability to Make Distributions.
- Certain of Our Properties, Primarily Our RV Communities and Marinas, are Subject to Seasonality and Cyclicality.
- Our Properties May Not Be Readily Adaptable to Other Uses.
- Competition for Acquisitions May Result in Increased Prices for Properties and Associated Costs and Increased Costs of Financing.
- New Acquisitions May Fail to Perform as Expected and the Intended Benefits May Not Be Realized, Which Could Have a Negative Impact on Our Operations and the Market Price of Our Common Stock.
- Development and Expansion Properties May Fail to Perform as Expected and the Intended Benefits May Not Be Realized, Which Could Have a Negative Impact on Our Operations and the Market Price of Our Common Stock.
- We Regularly Expend Capital to Maintain, Repair and Renovate Our Properties, Which Could Negatively Impact Our Financial Condition, Results of Operations and Cash Flows.
- Our Ability to Renew Ground Leases Could Adversely Affect Our Financial Condition and Results of Operations.
- Our Ability to Sell or Rent Manufactured Homes Could Be Impaired, Resulting in Reduced Cash Flows.
The other 39 risks
- Regulation of Chattel Financing May Affect Our Ability to Sell Homes.
- Our Investments in Joint Ventures Could Be Adversely Affected by Our Lack of Sole Decision-Making Authority Regarding Major Decisions, Our Reliance on Our Joint Venture Partners’ Financial Condition, Any Disputes That May Arise Between Us and Our Joint Venture Partners and Our Exposure to Potential Losses From the Actions of Our Joint Venture Partners.
- There is a Risk of Accidents, Injuries or Disease Outbreaks Occurring at Our Properties Which May Negatively Impact Our Operations.
- Our Success Depends on Our Talented Employees, Management, Directors and Key Personnel.
- Our Business Operations are Dependent on the Effective Operation of Technology.
- Public health crises, such as an Epidemic or a Pandemic, Could Materially and Adversely Impact or Disrupt Our Business Including Our Financial Condition, Results of Operations and Cash Flows.
- We May Experience a Decline in the Fair Value of Our Properties or Investments in Joint Ventures and Be Forced to Recognize Impairment Charges, Which Could Adversely Impact Our Financial Condition, Liquidity and Results of Operations and the Market Price of Our Common Stock.
- Risks Relating to Governmental Regulation and Potential Litigation
- Changes to Federal and State Laws and Regulations Could Adversely Affect Our Operations and the Market Price of Our Common Stock.
- Rent Control Legislation
- Occupational, Safety and Health Act
- Americans with Disabilities Act
- Laws and Regulations Relating to Campground Membership Sales and Properties Could Adversely Affect the Value of Certain Properties and Our Cash Flows.
- Litigation Risk Could Materially and Adversely Affect Our Business.
- Environmental Risks
- Natural Disasters Have and Could in the Future Adversely Affect the Value of Our Properties, Our Financial Condition, Results of Operations and Cash Flows.
- Changes in Weather Patterns May Adversely Impact Our Business.
- Environmental and Utility-Related Problems are Possible and Can Be Costly.
- Stakeholder Evaluations of Sustainability Matters May Impact Our Ability to Attract Investors and Could Have a Negative Impact on Our Reputation.
- Risks Relating to Debt and the Financial Markets
- Our Substantial Indebtedness Could Adversely Affect Our Financial Condition and Results of Operations.
- Our Ability to Obtain Mortgage Financing or Refinance Maturing Mortgages May Adversely Affect Our Financial Condition.
- Financial Covenants Could Adversely Affect Our Financial Condition.
- Our Degree of Leverage Could Limit Our Ability to Obtain Additional Financing.
- We May Be Able to Incur Substantially More Debt, Which Would Increase the Risks Associated With Our Substantial Leverage.
- Risks Related to Our Company Ownership
- Provisions of Our Charter and Bylaws Could Inhibit Changes of Control.
- Maryland Law Imposes Certain Limitations on Changes of Control.
- Changes in Our Investment and Financing Policies May Be Made Without Stockholder Approval.
- Our Business Ethics and Conduct Policy May Not Adequately Address All Actual or Perceived Conflicts of Interest That May Arise With Respect to Our Activities.
- Risks Relating to Our Common Stock
- We Depend on Our Subsidiaries’ Dividends and Distributions.
- Fluctuations in Market Interest Rates May Have an Effect on the Value of Our Common Stock.
- Issuances or Sales of Our Common Stock May Be Dilutive.
- Our Share Price Could Be Volatile and Could Decline, Resulting in A Substantial or Complete Loss on Our Stockholders’ Investment.
- Risks Relating to REITs and Income Taxes
- We are Dependent on External Sources of Capital.
- We Have a Stock Ownership Limit for REIT Tax Purposes.
- Our Qualification as a REIT Is Dependent on Compliance with U.S. Federal Income Tax Requirements.
- We May Pay Some Taxes, Reducing Cash Available for Stockholders.
- Dividends Payable by REITs Generally Do Not Qualify For the Reduced Tax Rates Available For Some Dividends, Which May Negatively Affect the Value of Our Shares.
- Partnership Tax Audit Rules Could Have a Material Adverse Effect on Us.
- We May be Subject to Adverse Legislative or Regulatory Tax Changes That Could Reduce the Market Price of Our Outstanding Common or Preferred Shares.
- Other Risk Factors Affecting Our Business
- We May Identify Material Weaknesses in the Future or Otherwise Fail to Establish and Maintain Effective Internal Control Over Financial Reporting, Which Could Have a Material Adverse Effect on Our Business and Stock Price.
- We May Face Litigation and Other Risks as a Result of the Classification Error and Related Material Weakness in Our Internal Control Over Financial Reporting.
- Some Potential Losses Are Not Covered by Insurance.
- We Face Risks Relating to Cybersecurity Incidents and Privacy Laws.
- Social Media Platforms Could Cause Us to Suffer Brand Damage or Information Leakage.
Legal proceedings
The description of legal proceedings is incorporated herein by reference from Item 8. Financial Statements and Supplementary Data—Note 14. Commitments and Contingencies in this Form 10-K.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARThomas Heneghan, Chair
- 19SEC EDGARSam Zell, Chair
- 20SEC EDGARPatrick Waite, President
- 21SEC EDGARJoe B. McAdams, President
- 22SEC EDGARPaul Seavey, Chief financial officer
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- 31SEC EDGARAnn Wallin, Chief Accounting Officer
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- 33SEC EDGARThomas Heneghan, Vice chair
- 34SEC EDGARJohn Los, Chief Accounting Officer
- 35SEC EDGARLarisa Drake, SVP of Marketing
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- 40SEC EDGARRoger Maynard, EVP-Asset Management
- 41
- 42SEC EDGARHoward Walker, Vice chair
- 43
- 44SEC EDGARRadhika Papandreou, Board member
- 45SEC EDGARDerrick Burks, Board member
- 46SEC EDGARAndrew Berkenfield, Board member
- 47SEC EDGARScott R. Peppet, Board member
- 48SEC EDGARConstance Freedman, Board member
- 49SEC EDGARTao Huang, Board member
- 50SEC EDGARMarguerite M. Nader, Board member
- 51SEC EDGARDavid J. Contis, Board member
- 52SEC EDGARDonald S. Chisholm, Board member
- 53SEC EDGARPhilip Calian, Board member
- 54SEC EDGARSheli Z. Rosenberg, Board member
- 55SEC EDGARGary Waterman, Board member
- 56SEC EDGARThomas E. Dobrowski, Board member
- 57SEC EDGARDavid P. Eldersveld, General counsel
- 58SEC EDGAREllen Kelleher, General counsel
- 59SEC EDGARRegulation FD disclosure
- 60SEC EDGAROther events
- 61SEC EDGARResults of operations
- 62SEC EDGARRegulation FD disclosure
- 63SEC EDGARRegulation FD disclosure
- 64SEC EDGARShareholder vote; Other events
- 65SEC EDGARResults of operations
- 66SEC EDGARRegulation FD disclosure
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- 68SEC EDGARResults of operations; Other events
- 69SEC EDGAROther events
- 70SEC EDGAROther events
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