- RV Business - http://www.rvbusiness.com -

ELS Posts Marked 4Q, Year-end Financial Gains

Posted By RVBusiness On January 29, 2013 @ 9:25 am In Breaking News | No Comments

Equity LifeStyle Properties Inc. reported improved financials for its fourth quarter and full year, ended Dec. 31.

The company said fourth-quarter funds from operations (FFO) were $50.3 million, or $1.11 per share, up from $44.8 million, or 99 cents per share in the year ago quarter. For the year ended, FFO was $210 million, or $4.62 per share, compared to $147.5 million, or $3.66 per share, for the same period in 2011.

For the three months, net income available to common stockholders totaled $24.3 million or 58 cents per share, compared to a net loss of $0.2 million, or 0 cents per share, for the same period in 2011. For the year, net income totaled $54.8 million, or $1.32 per share, compared to $22.8 million, or 64 cents per share, for the same period in 2011.

Total revenues for the quarter increased to $171.93 million from $162.32 million in the year-ago quarter.

Fourth-quarter property operating revenues, excluding deferrals, were $167.9 million, compared to $161.1 million in the same period of 2011. Property operating revenues, excluding deferrals, for the year were $688.1 million, compared to $578.2 million for the previous year.

To view the entire report click here.

 

 

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Article printed from RV Business: http://www.rvbusiness.com

URL to article: http://www.rvbusiness.com/2013/01/els-sees-income-ffo-growth-for-4q-year-end/

Copyright © 2009 RV Business. All rights reserved.