)
Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Equity LifeStyle Properties
Equity LifeStyle Properties (ELS) investor relations material
Equity LifeStyle Properties Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor presentation summary26 Feb, 2026
Portfolio overview and performance
Operates 453 properties across manufactured home, RV, campground, and marina segments in North America, with 173,371 sites in 35 states and 1 Canadian province.
91% of revenue is derived from stable, annual sources, supporting predictable cash flow.
Average long-term core NOI growth is 4.5%, with normalized FFO/share CAGR of 8.2% and dividend/share CAGR of 19% from 2006–2025.
Ten-year total return of 214% outperformed S&P 400, S&P 500, and Dow Jones Equity All REIT Index.
Portfolio is concentrated in high-growth, retirement, and vacation destinations, with 35% of properties in Florida and 11% in California.
Financial highlights and guidance
2026 guidance projects net income per share of $2.06–$2.16 and normalized FFO per share of $3.12–$3.22, implying 1.9–5.2% YOY growth.
2025 core MH base rental income grew 5.5% YOY; core annual RV and marina base rental income grew 4.1% YOY.
Dividend per share increased 7.9% YOY in 2025, with a 10-year CAGR of 10.6%, well above the REIT average.
Board approved a 2026 annual dividend rate of $2.17 per share, up 5.3% from 2025.
Maintains a REIT-leading balance sheet with debt/EV at 19.6%, debt/Adjusted EBITDAre at 4.5x, and 8 years average debt maturity.
Business model and demand drivers
Owns land and leases sites to owners of manufactured homes, vacation cottages, RVs, and boats, with minimal new supply and strong demand.
Over 70% of MH properties are age-qualified or have a resident base with an average age over 55; nearly 50% of MH residents are 70+.
U.S. population aged 55+ expected to grow 14% from 2025 to 2040, supporting long-term demand.
Manufactured homes offer a 75% lower upfront cost and 64% lower monthly cost than new single-family homes, with renters paying 20–25% less per sq ft than local two-bedroom rentals.
Limited new MH development due to zoning and regulatory constraints, creating a supply-constrained asset class.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Equity LifeStyle Properties earnings date
Q1 202621 Apr, 2026
Equity LifeStyle Properties
Next Equity LifeStyle Properties earnings date
Q1 202621 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Equity LifeStyle Properties Inc is a real estate investment trust that owns and operates lifestyle-oriented properties. The company focuses on manufactured home communities, recreational vehicle resorts, and campgrounds across North America. It generates revenue primarily through rental income and related services. Equity LifeStyle Properties Inc is headquartered in Chicago, Illinois, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage