Financial ImpactELS took a $1.8M impairment due to Helene, but Milton impact is still to be determined, although ELS believes it will be adequately covered by insurance.
Rental IncomeRV & Marina base rental income was below estimates, impacted by hurricanes.
Revenue PerformanceThere was outsized weakness in RV and Marina revenue, primarily due to hurricane impacts, with revenue growth falling below guidance.