Equity Lifestyle Properties: Q1 Earnings Snapshot
By AP News
Published - Apr 17, 2023, 04:57 PM ET
Last Updated - Jun 22, 2023, 06:53 AM EDT
CHICAGO (AP) — CHICAGO (AP) — Equity Lifestyle Properties Inc. (ELS) on Monday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Chicago, said it had funds from operations of $144.3 million, or 74 cents per share, in the period.
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 $82.4 million, or 44 cents per share.
