Equity Lifestyle Properties: Q2 Earnings Snapshot
By AP News
Published - Jul 17, 2023, 04:28 PM ET
Last Updated - Jul 17, 2023, 04:29 PM EDT
CHICAGO (AP) — CHICAGO (AP) — Equity Lifestyle Properties Inc. (ELS) on Monday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Chicago, said it had funds from operations of $129.7 million, or 66 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 $62.9 million, or 34 cents per share.
