What move does the options market price into Equity Lifestyle Properties's report?

Implied ±8.5%, either direction · provisional.

ELSNYSEReal Estate Investment Trusts

Equity Lifestyle Properties Inc (ELS) earnings date, market-implied expected move, and options open interest by expiry

59.03

Closed16:00 ET

Open59.29Volume2.1MMkt cap$11.5BP/E29.08EPS2.03Div yield3.63%

Day58.91 – 59.4821%52-wk57.19 – 67.2018%

ELS

Equity Lifestyle Properties Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.5%implied · straddle

54.0464.02

spot 59.03exp Feb 19ATM strike 60ATM straddle 5.88IV 22%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Jan 28

before open · in 89 days

est.Q4 FY26

Calendar

Next report

Last report

−4.53%

shaded = implied · ▲▼ = realized

Oct 21 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+5.59%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

475 managers

Top fund weight

0.62%

ELS weight · VNQ

N-PORTJul 31 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Equity Lifestyle Properties (ELS) is expected to report on Jan 28 before open (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 23 '26confirmed—▲+0.03%—

Q3 FY26Oct 21 '26confirmed—▼−4.53%—

quarterimplied−5%0+5%realized×

Q3 FY26—▼−4.53%—

Q2 FY26—▲+0.03%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

1.63OI · 3 expiries · Oct 30 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

730%Nov 2020d0.621180%0.62

1,5120%Dec 1848d1.79845+5%1.79

report · Jan 28 · before open · est.

142+23%Feb 19111d87+1%

ExpiryPutsCallsP/C

Nov 2020d730%1180%0.62

Dec 1848d1,5120%845+5%1.79

report · Jan 28 · before open · est.

Feb 19111d142+23%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.5%

Funds 4

VNQ±0.1%

MDY±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

21.77%as filednet margin · revenue +3.17% QoQ · +4.21% YoY

Revenue$410M+3.17%

Pre-tax income$101M+1.83%

Net income$89M21.77%−10.32%

Tax$12M—

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.28· ±1.2% vs ±0.9% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.2%10 of 24×1.28

PPIproducer prices±1.0%5 of 11×1.06

PCEpersonal income & outlays±1.0%11 of 19×1.06

GDPgross domestic product±1.0%8 of 19×1.02

NFPjobs report±0.9%4 of 10×0.92

CPIconsumer prices±0.7%5 of 11×0.78

CPROFcorporate profits±0.6%5 of 12×0.65

Bar = avg |move| to ±2% · tick = ±0.9% avg day · ×base = |move| ÷ ±0.9% · min 6 releases

Earnings history

EPS 0.45 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 21 '26 · confirmed	0.45	—
Q2 FY26	Jul 23 '26 · confirmed	0.50	—
Q1 FY26	—	0.56	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod