Equity LifeStyle Properties Q4 FFO Rises - Quick Facts

(RTTNews) - Equity LifeStyle Properties, Inc. (ELS) Monday said fourth-quarter funds from operations, or FFO, increased to $54.9 million or $0.60 per share from $50.3 million or $0.55 per share in the same period last year.

Normalized FFO for the quarter was $56.6 million or $0.62 per share, up from $50.5 million or $0.56 per share in the prior year period. On average, seven analysts polled by Thomson Reuters expected the company to report FFO of $0.59 per share for the quarter. Analysts' estimates typically exclude special items.

Net income available for common stockholders decreased to $24.2 million from $24.3 million in the year-ago period. Earnings per share for the latest fourth quarter were $0.29, same as last year.

Total revenues were $179.88 million, up from $165.31 million last year. Analysts expected revenues of $166.15 million.