Equity Lifestyle Properties Confirms Guidance And Publishes Executive Summary Of Operations For 2009

Equity Lifestyle Properties Equity Lifestyle Properties (NYSE: MHC) released an 8-K that reconfirms previously issued guidance for its net income per share (fully diluted) and funds from operations per share (fully diluted) for the year ending December 31, 2009 of $0.75 – $0.95 and $3.45 – $3.65, respectively.  As part of its filing, it released an investor presentation that it will be using which provides an executive overview of its properties, its customer profile and certain financial information on the company.  The presentation is more of a marketing guide on the company for investors but one of the more interesting data points in the presentation is that it shows an increase in property revenues from 2008 of 2-3% which is a pretty aggressive assumption considering the broader economic environment.  The company’s core occupancy and growth rates show a base growth rate of 3% but show that the seasonal resort revenues are taking the largest hit of being down over 10% of year to date numbers for 2009.

For the full 8-K, click here.