Equity Lifestyle Properties (ELS) Releases Earnings Results, Reports EPS of $0.83 EPS

Equity Lifestyle Properties (ELS) announced its most recent quarterly financial results on Monday, Oct-17-2016. ELS reported $0.83 EPS for the quarter. Analysts had a consensus estimate of $0.83. The company posted revenue of $226.20 million in the period, compared to analysts expectations of $208.96 million. ELS’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Equity Lifestyle Properties closed down -0.65 points or -0.87% at $74.33 with 5,00,718 shares getting traded on Friday. Post opening the session at $74.7, the shares hit an intraday low of $74.1 and an intraday high of $75.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 13, 2016, Roger Maynard (EVP – Investments) sold 15,000 shares at $71.64 per share price. According to the SEC, on Jun 24, 2015, David J Contis (director) sold 5,000 shares at $53.65 per share price. On Mar 24, 2015, Howard Walker (Vice Chairman of the Board) sold 6,000 shares at $57.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Equity LifeStyle Properties Inc. (ELS) is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (Properties). The Company leases individual developed areas (Sites) with access to utilities for placement of factory built homes cottages cabins or recreational vehicles (RVs). The Company operates in two segments: Property Operations and Home Sales and Rental Operations. The Property Operations owns and operates land lease Properties and the Home Sales and Rental Operations purchases sells and leases homes at the Properties. The Company has partnership with MHC Operating Limited. As of December 31 2014 the Company owned an ownership interest in a portfolio of 384 Properties located throughout the United States and Canada containing 143113 residential Sites.

Equity Lifestyle Properties

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