Equity LifeStyle Properties, Inc. Reports Earnings Guidance for the Quarter Ending March 31, 2020 and Year Ending December 31, 2020
January 27, 2020 at 04:16 pm
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Equity LifeStyle Properties, Inc. reports earnings guidance for the quarter ending March 31, 2020 and year ending December 31, 2020. For the quarter ending March 31, 2020, the company expects Income from property operations, excluding deferrals and property management - Core of $161.9 million, Income from property operations - Non-Core of $2.7 million, Net income available for Common Stockholders of $70.3 million and net income per Common Share - Fully Diluted is expected to be between $0.37 - $0.41.
For the year ending December 31, 2020, the company expects Income from property operations, excluding deferrals and property management - Core of $606.9 million, Income from property operations - Non-Core of $11.9 million, Net income available for Common Stockholders of $250.9 million and net income per Common Share - Fully Diluted is expected to be between $1.35 - $1.41.
Equity LifeStyle Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns a lifestyle-oriented properties consisting of property operations and home sales and rental operations within manufactured home (MH) and recreational vehicle (RV) communities and marinas. It operates through two segments: Property Operations and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease properties and the Home Sales. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. The Company owns interest in a portfolio of approximately 451 properties located throughout the United States and Canada containing approximately 172,465 individual developed areas. These properties are located in 35 states and British Columbia, with approximately 110 properties with lake, river or ocean frontage and approximately 120 properties within 10 miles of the coastal United States.
EQUITY LIFESTYLE PROPERTIES, INC. 
