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Stock impact report

Equity Lifestyle Properties: Q1 Earnings Snapshot [Yahoo! Finance]

Equity Lifestyle Properties, Inc. (ELS) 
Last equity lifestyle properties, inc. earnings: 4/20 04:16 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The results matched Wall Street expectations. The Chicago-based real estate investment trust said it had funds from operations of $166.7 million, or 83 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 83 cents per share. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $109.2 million, or 57 cents per share. The resort community operator, based in Chicago, posted revenue of $387.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $399 million. For the current quarter ending in June, Equity Lifestyle Properties expects its per-share funds from operations to range from 66 cents to 72 cents. The company expects full-year funds from operations in the range of $3.01 to $3.11 per share. _____ This story w Show less Read more
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