Equity LifeStyle Properties, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company's total revenues increased $16.0 million, or 7.5%, to $229.986 million compared to $214.042 million for the same period in 2016. Net income available for common stockholders increased $8.0 million, or $0.08 per common share, to $44.993 million, or $0.51 per common share, compared to $36.966 million, or $0.43 per common share, for the same period in 2016. For the quarter ended December 31, 2017, funds from operations ("FFO") available for common stock and OP unit holders increased $6.9 million, or $0.06 per common share, to $79.4 million, or $0.84 per common share, compared to $72.5 million, or $0.78 per common share, for the same period in 2016. For the quarter ended December 31, 2017, normalized funds from operations ("Normalized FFO") available for common stock and OP Unit holders increased $7.4 million, or $0.07 per common share, to $82.6 million, or $0.88 per common share, compared to $75.2 million, or $0.81 per common share, for the same period in 2016. For the quarter ended December 31, 2017, property operating revenues, excluding deferrals, increased $12.4 million to $215.3 million compared to $202.9 million for the same period in 2016. For the quarter ended December 31, 2017, income from property operations, excluding deferrals and property management, increased $5.3 million to $125.0 million compared to $119.7 million for the same period in 2016. For the quarter ended December 31, 2017, Core property operating revenues, excluding deferrals, increased approximately 6.2% and Core income from property operations, excluding deferrals and property management, increased approximately 4.7% compared to the same period in 2016. Adjusted EBITDA was $106.728 million against $101.367 million a year ago. Funds available for distribution (FAD) available for Common Stock and OP Unit holders were $72.6 million against $65.8 million a year ago. Income before equity in income of unconsolidated joint ventures was $47.085 million against $41.918 million a year ago. EBITDA was $102.821 million against $97.695 million a year ago.

For the year, the company's total revenues increased $54.9 million, or 6.3%, to $925.312 million compared to $870.435 million for the same period in 2016. Net income available for common stockholders increased $25.9 million, or $0.25 per common share, to $189.904 million, or $2.17 per common share, compared to $164.037 million, or $1.92 per common share, for the same period in 2016. For the year ended December 31, 2017, FFO available for common stock and OP Unit holders increased $28.9 million, or $0.28 per common share, to $331.7 million or $3.55 per common share, compared to $302.8 million, or $3.27 per common share, for the same period in 2016. For the year ended December 31, 2017, normalized FFO available for common stock and OP Unit holders increased $29.4 million, or $0.29 per Common Share, to $335.9 million, or $3.60 per Common Share, compared to $306.5 million, or $3.31 per Common Share, for the same period in 2016. For the year ended December 31, 2017, property operating revenues, excluding deferrals, increased $56.8 million to $875.9 million compared to $819.1 million for the same period in 2016. For the year ended December 31, 2017, income from property operations, excluding deferrals and property management, increased $28.9 million to $508.8 million compared to $479.9 million for the same period in 2016. For the year ended December 31, 2017, Core property operating revenues, excluding deferrals, increased approximately 5.8% and Core income from property operations, excluding deferrals and property management, increased approximately 5.0% compared to the same period in 2016. Income before equity in income of unconsolidated joint ventures was $206.612 million against $184.527 million a year ago. EBITDA was $428.316 million against $404.210 million a year ago. Adjusted EBITDA was $437.869 million against $411.990 million a year ago.

For the first quarter ending March 31, 2018, the company's income from property operations, excluding deferrals and property management - 2018 core expected to be $138.2 million, normalized FFO and FFO available for common stock and OP Unit holders expected to be $97.1 million, net income available for common stockholders expected to be $60.2 million, depreciation on real estate and other expected to be $29.5 million, depreciation on rental homes expected to be $2.5 million, net income per common share - fully diluted expected in the range of $0.65 - $0.71, FFO per common share - fully diluted expected in the range of $1.00 - $1.06, and normalized FFO per common share - fully diluted expected in the range of $1.00 - $1.06.

For the year ending December 31, 2018, the company's income from property operations, excluding deferrals and property management - 2018 core expected to be $527.2 million, normalized FFO and FFO available for common stock and OP unit holders expected to be $364.0 million, net income available for Common Stockholders expected to be $217.9 million, depreciation on real estate and other expected to be $117.0 million, depreciation on rental homes expected to be $10.1 million, net income per common share - fully diluted expected in the range of $2.40 - $2.50, FFO per common share - fully diluted expected in the range of $3.80 - $3.90, and normalized FFO per common share - fully diluted expected in the range of $3.80 - $3.90.