CHICAGO (AP) _ Equity Lifestyle Properties Inc. (ELS) on Monday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Chicago, said it had funds from operations of $141.4 million, or 72 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $82.9 million, or 45 cents per share.

The resort community operator posted revenue of $360.2 million in the period.

For the current quarter ending in July, Equity Lifestyle Properties expects its per-share funds from operations to range from 59 cents to 65 cents.

The company expects full-year funds from operations in the range of $2.68 to $2.78 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ELS at https://www.zacks.com/ap/ELS

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