Although ferns have a prominent floristic position with their richness center in Atlantic Forest in Brazil, the effect of climate on their phenophases is still poorly known. This group shows different phenological patterns due to the great latitudinal extent, the strong climatic seasonality of this forest, and the leaf dimorphism found in some species. In this scenario, we evaluated the phenological events of Elaphoglossum macrophyllum and related them to climatic factors. Fertility, leaf renewal, and leaf senescence in E. macrophyllum were analyzed based on the monthly survey of 152 plants growing for two years in the subtropical Atlantic Forest, Brazil. The three analyzed phenophases showed the same intra-annual pattern regarding continuity, regularity, and seasonality along the two years, revealing a phenological pattern for the specie. The generalized additive models for location, scale, and shape (GAMLSS) indicated that photoperiod was the most important trigger for fertility and leaf renewal. Temperature, as an important phenology modulator, was related to leaf renewal and senescence. Our data indicate that E. macrophyllum, an endangered species in southern Brazil, withstands the consequences of seasonal climatic variations without the individual mortality, total leaf shedding, or fertility loss.