Equity LifeStyle Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 16, 2023 at 09:16 pm
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Equity LifeStyle Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 303.33 million compared to USD 289.02 million a year ago. Revenue was USD 388.81 million compared to USD 380.97 million a year ago. Net income was USD 76.97 million compared to USD 67.16 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.36 a year ago.
For the nine months, sales was USD 888.44 million compared to USD 849.41 million a year ago. Revenue was USD 1,128.78 million compared to USD 1,106.48 million a year ago. Net income was USD 222.26 million compared to USD 211.58 million a year ago. Basic earnings per share from continuing operations was USD 1.19 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 1.19 compared to USD 1.14 a year ago.
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. 
