0000912593-26-000160
SEC filingRevenue grew 8.0% to $507.9M driven by higher monthly base rent per site, while net loss narrowed 84.9% to -$6.3M from prior-year levels. Operating cash flow rose to $269.3M due to improved same property performance across MH, RV, and UK properties.
The net loss narrowed significantly by 84.9% to -$6.3 million from -$41.6 million in the prior year, with diluted EPS improving 79.4% to -$0.07 from -$0.34. This bottom-line progress demonstrates resilience despite seasonal pressures typical in the manufactured housing, RV, and UK segments, underscoring the benefits of prior strategic shifts away from impairment-heavy periods.
Operating cash flow strengthened to $269.3 million from $243.9 million, fueled by enhanced same property operating performance across MH, RV, and UK properties, coupled with favorable working capital changes in accounts payable and other liabilities. This robust cash generation supports the company's balanced, tax-efficient capital allocation plan, which prioritizes reducing leverage, enhancing financial flexibility for sustainable cash flow growth, and executing thoughtful capital returns to shareholders.