Equity LifeStyle Properties, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $190,261,000 against $180,064,000 a year ago. Income from continuing operations was $34,262,000 against $28,814,000 a year ago. Net income was $34,262,000 against $28,713,000 a year ago. Net income available for common shares was $29,403,000 against $24,160,000 a year ago. Funds flow operations was $60,263,000 or $0.66 per diluted share against $54,866,000 or $0.60 per share diluted a year ago. Income from continuing operations per common share fully diluted were 0.35 against $0.29 a year ago. Net income per common share diluted were $0.35 against $0.29 a year ago. Normalized funds flow operations was $60,759,000 or $0.66 per diluted share against $56,588,000 or $0.62 per share diluted a year ago.

For the year, the company reported total revenues of $776,809,000 against $729,048,000 a year ago. Income from continuing operations was $138,468,000 against $77,247,000 a year ago. Net income was $138,468,000 against $125,905,000 a year ago. Net income available for common shares was $118,731,000 against $106,919,000 a year ago. Funds flow operations was $246,588,000 or $2.69 per share diluted against $191,049,000 or $2.09 per share diluted a year ago. Income from continuing operations per common share fully diluted were $1.41 against $0.75 a year ago. Net income per common share diluted were $1.41 against $1.28 a year ago. Normalized funds flow operations was $253,257,000 or $2.77 per diluted share against $232,298,000 or $2.55 per share diluted a year ago.

For the first quarter ending March 31, 2015, the company expects normalized funds flow operations of $74.5 million, net income available to common shares of $32.0 million, funds flow operations of $65.5 million, normalized funds flow operations per share of $0.78 to $0.84. Funds flow operations per share will be in the range of $0.68 to $0.74. Net income per share fully diluted will be in the range of $0.35 to $0.41.

For the year ending December 31, 2015, the company expects normalized funds flow operations of $271.3 million or $2.91 to $3.01 per share. Net income available to common shares will be $129.5 million. Net income per common share will be $1.48 to $1.58. Funds flow from operations will be $262.3 million or $2.81 to $2.91 per diluted share. The company updated guidance reflects a shift in its customers' behavior toward broader usage of its entire RV footprint. The company has updated the company's 2015 guidance to reflect expected increases over the 2014 actual taxes. Because of the timing of this tax adjustment in 2014, this guidance update has more impact on overall expense growth later in 2015.