Equity Lifestyle Properties, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023
October 17, 2023 at 09:10 am EDT
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Equity LifeStyle Properties, Inc. provided earnings guidance for the fourth quarter and full year of 2023. For the quarter, the company expects net income per common share - fully diluted to be in the range of $0.41 to $0.47.
For the full year, the company expects net income per common share - fully diluted to be in the range of $1.60 to $1.66.
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.