| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Consolidated net income | 298,249 | 197,886 |
| Loss on sale of real estate and impairment, net | -652 | -683 |
| Early debt retirement | 0 | - |
| Depreciation and amortization | 159,562 | 106,044 |
| Amortization of loan costs | 3,811 | 2,481 |
| Equity in (income)/loss of unconsolidated joint ventures | 6,562 | 4,854 |
| Distributions of income from unconsolidated joint ventures | 252 | 147 |
| Proceeds from insurance claims, net | 4,010 | 405 |
| Compensation expense related to incentive plans | 7,550 | 5,009 |
| Revenue recognized from membership upgrade sales upfront payments | 10,054 | 6,572 |
| Commission expense related to memberships | 3,549 | 2,271 |
| Manufactured homes, net | 29,623 | 17,055 |
| Notes receivable, net | -9,898 | -6,498 |
| Deferred commission expense | 5,563 | 3,603 |
| Other assets, net | -5,065 | 2,880 |
| Accounts payable and other liabilities | 33,259 | 8,123 |
| Deferred membership revenue | 5,630 | 5,346 |
| Rents and other customer payments received in advance and security deposits | 22 | 25,558 |
| Net cash provided by operating activities | 471,687 | 324,677 |
| Real estate acquisitions, net | 0 | 0 |
| Investment in unconsolidated joint ventures | 9,494 | 8,904 |
| Distributions of capital from unconsolidated joint ventures | 11,943 | 8,389 |
| Proceeds from insurance claims, net | 5,874 | 4,411 |
| Issuance of notes receivable | 56,110 | 56,110 |
| Capital improvements | 175,933 | 104,659 |
| Net cash used in investing activities | -223,720 | -156,873 |
| Proceeds from stock options and employee stock purchase plan | 1,135 | 747 |
| Common stockholders | 288,143 | 189,669 |
| Common op unitholders | 13,702 | 9,036 |
| Preferred stockholders | 8 | 8 |
| Share based award tax withholding payments | 2,258 | 2,258 |
| Principal payments and mortgage debt repayment | 135,513 | 119,455 |
| Term loan proceeds | 240,000 | 150,000 |
| Line of credit repayment | 694,500 | 526,000 |
| Line of credit proceeds | 662,500 | 539,000 |
| Debt issuance and defeasance costs | 2,494 | 2,494 |
| Other | 269 | 199 |
| Net cash used in financing activities | -233,252 | -159,372 |
| Net increase in cash and restricted cash | 14,715 | 8,432 |
| Cash and cash equivalents at beginning of period | 24,576 | - |
| Cash and cash equivalents at end of period | 39,291 | - |
EQUITY LIFESTYLE PROPERTIES INC (ELS)
EQUITY LIFESTYLE PROPERTIES INC (ELS)