Equity LifeStyle Properties, Inc. (NYSE: ELS) (the “Company”) announced results earlier this week for the the 3rd quarter of 2009 that showed increases in Core property operating revenues of approximately 2.7 percent and Core property operating expenses decreased approximately 1.5 percent.
The results showed net income available to common stockholders totaled $11.1 million, or $0.37 per share on a fully-diluted basis. Funds From Operations (“FFO”) were $28.8 million, or $0.82 per share on a fully-diluted basis, compared to $22.7 million, or $0.74 per share on a fully-diluted basis for the same period in 2008.
ELS management projects 2009 FFO per share, on a fully-diluted basis, to be in the range of $0.60 to $0.70 for the quarter ending December 31, 2009.
For the full details, visit the ELS Q3 2009 Press Release or the 8-K Filing.
