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ELS Reports Improved Net Income, FFO in 2Q

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July 19, 2011 by   Leave a Comment

Equity LifeStyle Properties Inc. today (July 19) announced results for the second quarter and six months ended June 30.

For the second quarter, Funds From Operations (“FFO”) were $27.3 million, or $0.73 per share on a fully diluted basis, compared to $27.1 million, or $0.76 per share on a fully-diluted basis, for the same period in 2010. For the six months, FFO was $67.9 million, or $1.86 per share on a fully-diluted basis, compared to $64.6 million, or $1.82 per share on a fully-diluted basis, for the same period in 2010.

Net income available to common stockholders totaled $6.8 million, or $0.20 per share on a fully diluted basis, for the quarter compared to $6.0 million, or $0.20 per share on a fully-diluted basis, for the same period in 2010. Net income available to common stockholders totaled $25.8 million, or $0.80 per share on a fully-diluted basis for the six months compared to $21.1 million, or $0.69 per share on a fully-diluted basis, for the same period in 2010.

Equity LifeStyle Properties owns or has an interest in 342 quality properties in 30 states and British Columbia consisting of 123,065 sites. The company is a self-administered, self-managed, real estate investment trust (REIT) with headquarters in Chicago.

For the complete report click here.

 

 

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