ELS Reports Net Loss Q3

menafn reports Equity Lifestyle Properties (ELS) of Chicago announced a third quarter loss as of Sept. 30 of 0.07 per share, or $2.9 million on a fully-diluted basis. The same quarter 2010 saw a net income of $11.6 million, or 0.37 per share on a fully-diluted basis. Net revenue for third quarter 2011 was $161.4 million, up from $134.2 million same quarter 2010. As a major player in the real estate investment trust (REIT) market, and through its recent acquisition of communities from Hometown America LLC, ELS now controls over 140,000 homesites in North America.

(Graphic credit: ELS)

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