Equity Lifestyle (ELS) announces 5.8% dividend increase.

Equity Lifestyle Properties (ELS) announced today that it has set the 2021 dividend at $1.45/share, representing a 5.8% increase over the $1.37 dividend declared in 2020.  The dividend growth is commensurate with 2021 guidance for rental rate increases, which ELS has estimated at 4.2% for manufactured housing communities and 4.5% for RV parks.

Equity Lifestyle is one of the largest owners of manufactured housing and RV properties in the United States and Canada. The company's portfolio comprises 423 properties in 33 states and British Columbia with over 161,000 individual land sites. As of December 31, 2020, ELS had a total market capitalization of approximately $14.9 billion.