Equity LifeStyle Properties Q2 net income per share rises 19.1% to $0.50; revenue climbs 5.56% to $397.8 million - ELS News | RalliesEquity LifeStyle Properties Q2 net income per share rises 19.1% to $0.50; revenue climbs 5.56% to $397.8 million
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ELS• Second-quarter results
- Equity LifeStyle Properties posted Q2 net income per share of $0.50, up 19.1% from a year earlier.
- FFO per share rose 11.7% to $0.77; normalized FFO per share climbed 7.7% to $0.74.
- Total revenue increased to $397.8 million; net income available for common stockholders rose to $96.3 million.
Operating trends and guidance
- Core MH base rental income grew 5.8%; RV and marina base rental income increased 1.8%.
- Full-year guidance: net income per share $2.05-$2.15; normalized FFO per share $3.13-$3.23, with the midpoint lifted to $3.18.
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