Equity LifeStyle Properties, Inc. Announces Consolidated Earnings Results for the Quarter and Year Ended December 31, 2018
January 28, 2019 at 04:15 pm EST
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Equity LifeStyle Properties, Inc. announced consolidated earnings results for the quarter and year ended December 31, 2018. For the quarter, the company reported total revenues increased $13.5 million, or 5.9% to $243.5 million compared to $230.0 million for the same period in 2017. Net income available for Common Stockholders for the quarter ended December 31, 2018 increased $5.2 million, or $0.05 per Common Share, to $50.2 million, or $0.56 per diluted Share, compared to $45.0 million, or $0.51 per diluted Share, for the same period in 2017. Net income was $53.4 million compared to $48.0 million a year ago.
For the year, total revenues increased $61.4 million, or 6.6% to $986.7 million compared to $925.3 million for the same period in 2017. Net income available for Common Stockholders for the year ended December 31, 2018 increased $22.7 million, or $0.21 per diluted Share, to $212.6 million, or $2.38 per Common Share, compared to $189.9 million, or $2.17 per diluted Share, for the same period in 2017.
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. 
