Equity Lifestyle Properties, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2013 and Full Year Ending Dec. 31, 2013-
January 28, 2013 at 05:10 pm
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Equity LifeStyle Properties, Inc. provided earnings guidance for the first quarter ending March 31, 2013 and full year ending Dec. 31, 2013. For the first quarter ending March 31, 2013, the company expects funds from operations of $63.5 million or $1.35 to $1.45 per fully diluted share, net income available to common shares of $32.9 million or $0.74 to $0.84 per fully diluted share.
For the year ending Dec. 31, 2013, the company expects funds from operations of $229.6 million or $4.94 to $5.14 per fully diluted share, net income available to common shares of $108.4 million or $2.49 to $2.69 per fully diluted share.
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. 
