Equity Lifestyle Properties Q4 Earnings Call Highlights

On expenses, Seavey said full-year core property operating expenses increased 1% compared to 2024. He attributed the below-CPI expense growth to payroll management at RV properties, the 2025 insurance renewal, and reduced membership sales and marketing expenses. Property management and corporate expenses increased 1% for the full year.Seavey said full-year core community-based rental income increased 5.5% versus 2024, attributing the increase primarily to rate increases on renewals and market rents on new r ...