ELS Revenue, Income Rise over Last Year

Equity LifeStyle Properties, Inc., (ELS) reports its Funds From Operations (FFO) rose from $33 million, or $0.76 per share in Q3 last year to $53.2 million, or $1.17 per share for the third quarter of this year. According to RVBusiness, for the nine months ending Sept 30, 2012 FFO hit $159.7 million, or $3.52 per share, versus $102.7 million, $2.64 per share for the same period 2011. Net income available to shareholders of common stock in Q3 totaled $16 million, or 39 cents per share, as compared to a net loss of $2.9 million, or 7 cents per share for the same period in 2011. Revenues for the third quarter 2012 increased to $181.8 million from $164 million . As MHProNews knows, ELS is the largest MHC owner in North America with 380 properties comprised of over 141,000 homesites.

(Image credit: Equity LifeStyle Properties, Inc.)

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