Equity Lifestyle Q2 Results Show Lower Occupancy, Higher Income

Equity Lifestyle Properties Inc. (NYSE: ELS) reported net income of $6.0 million, or $0.20 per share on a fully-diluted basis for the quarter ended June 30, 2010 compared to $2.9 million, or $0.11 per share on a fully-diluted basis for the same period in 2009.  Second quarter 2010 property operating revenues were $119.0 million, compared to $116.1 million in the second quarter of 2009.  ELS, with over 44,000 manufactured housing sites, saw its occupancy decrease for its sites to 90% from 90.3% when comparing the first six months of 2010 versus 2009 and its monthly base rent per site increased to $539.97 from $527.60.

Earnings Release for Equity Lifestyle Properties Inc. Q2 2010