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Equity Lifestyle Properties Inc (ELS) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Equity Lifestyle Properties Inc

CIK: 895417 Ticker: ELS


N E W S R E L E A S E
elscorplogocenteredbluea20.jpg                

CONTACT: Paul Seavey                             FOR IMMEDIATE RELEASE
(800) 247-5279                          October 16, 2017

                                                        
ELS REPORTS THIRD QUARTER RESULTS
Continued Strong Performance; Preliminary 2018 Guidance

CHICAGO, IL – October 16, 2017 Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us,” and “our”) today announced results for the quarter and nine months ended September 30, 2017. All per share results are reported on a fully diluted basis unless otherwise noted.
Financial Results for the Quarter and Nine Months Ended September 30, 2017     
For the quarter ended September 30, 2017, total revenues increased $15.4 million, or 6.8 percent, to $241.6 million compared to $226.2 million for the same period in 2016. Net income available for Common Stockholders for the quarter ended September 30, 2017 increased $7.5 million, or $0.08 per Common Share, to $48.5 million, or $0.56 per Common Share, compared to $41.0 million, or $0.48 per Common Share, for the same period in 2016.
For the nine months ended September 30, 2017, total revenues increased $38.9 million, or 5.9 percent, to $695.3 million compared to $656.4 million for the same period in 2016. Net income available for Common Stockholders for the nine months ended September 30, 2017 increased $17.8 million, or $0.17 per Common Share, to $144.9 million, or $1.66 per Common Share, compared to $127.1 million, or $1.49 per Common Share, for the same period in 2016.
Non-GAAP Financial Measures and Portfolio Performance
For the quarter ended September 30, 2017, Funds from Operations (“FFO”) available for Common Stock and OP Unit holders increased $7.4 million, or $0.07 per Common Share, to $84.3 million or $0.90 per Common Share, compared to $76.9 million, or $0.83 per Common Share, for the same period in 2016. For the nine months ended September 30, 2017, FFO available for Common Stock and OP Unit holders increased $21.9 million, or $0.22 per Common Share, to $252.3 million or $2.71 per Common Share, compared to $230.4 million, or $2.49 per Common Share, for the same period in 2016.
For the quarter ended September 30, 2017, Normalized Funds from Operations (“Normalized FFO”) available for Common Stock and OP Unit holders increased $7.9 million, or $0.08 per Common Share, to $85.1 million, or $0.91 per Common Share, compared to $77.2 million, or $0.83 per Common Share, for the same period in 2016. For the nine months ended September 30, 2017, Normalized FFO available for Common Stock and OP Unit holders increased $22.1 million, or $0.22 per Common Share, to $253.4 million, or $2.72 per Common Share, compared to $231.3 million, or $2.50 per Common Share, for the same period in 2016.
For the quarter ended September 30, 2017, property operating revenues, excluding deferrals, increased $16.0 million to $227.3 million compared to $211.3 million for the same period in 2016. For the nine months ended September 30, 2017, property operating revenues, excluding deferrals, increased $44.5 million to $660.7 million compared to $616.2 million for the same period in 2016. For the quarter ended September 30, 2017, income from property operations, excluding deferrals and property management, increased $8.5 million to $128.1 million compared to $119.6 million for the same period in 2016. For the nine months ended September 30, 2017, income from property operations, excluding deferrals and property management, increased $23.5 million to $383.8 million compared to $360.3 million for the same period in 2016.

 
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The following information was filed by Equity Lifestyle Properties Inc (ELS) on Tuesday, October 17, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statement Of Changes In Equity (unaudited)
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Income And Comprehensive Income (unaudited)
Basis Of Presentation
Borrowing Arrangements
Borrowing Arrangements - Additional Information (detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (detail)
Common Stock And Other Equity Related Transactions
Common Stock And Other Equity Related Transactions (tables)
Common Stock And Other Equity Related Transactions - Additional Information (detail)
Earnings Per Common Share
Earnings Per Common Share (tables)
Earnings Per Common Share - Calculation Of Numerator And Denominator In Eps Table (details)
Equity Incentive Awards
Equity Incentive Awards - Additional Information (detail)
Investment In Unconsolidated Joint Ventures
Investment In Unconsolidated Joint Ventures (tables)
Investment In Unconsolidated Joint Ventures - Additional Information (detail)
Real Estate Acquisitions
Real Estate Acquisitions (details)
Reportable Segments
Reportable Segments (tables)
Reportable Segments - Additional Information (detail)
Reportable Segments- Consolidated Net Income (details)
Reportable Segments- Income From Segment (details)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies - Additional Information (detail)
Ticker: ELS
CIK: 895417
Form Type: 10-Q Quarterly Report
Accession Number: 0000895417-17-000086
Submitted to the SEC: Tue Oct 31 2017 6:17:15 PM EST
Accepted by the SEC: Wed Nov 01 2017
Period: Saturday, September 30, 2017
Industry: Real Estate Investment Trusts

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