Loading...
•
Mar 31, 2020
ELS Q1 2020 Earnings Report
ELS reported first quarter results with continued strong performance.
Key Takeaways
Equity LifeStyle Properties reported an increase in total revenues by $21.4 million, reaching $280.5 million for the quarter ended March 31, 2020. Net income available for Common Stockholders decreased by $46.4 million to $66.9 million, or $0.37 per Common Share.
Total revenues increased $21.4 million, or 8.3 percent, to $280.5 million compared to the same period in 2019.
Net income available for Common Stockholders decreased $46.4 million, or $0.26 per Common Share, to $66.9 million, or $0.37 per Common Share, compared to the same period in 2019.
Funds from Operations (“FFO”) available for Common Stock and OP Unit holders increased $4.3 million, or $0.02 per Common Share, to $112.3 million, or $0.58 per Common Share, compared to the same period in 2019.
Normalized Funds from Operations (“Normalized FFO”) available for Common Stock and OP Unit holders increased $5.6 million, or $0.03 per Common Share, to $113.3 million, or $0.59 per Common Share, compared to the same period in 2019.
Forward Guidance
Given the uncertainty surrounding the economic impact of the COVID-19 pandemic and the impact of operational changes we have and may implement in response to the pandemic, we are withdrawing our full year 2020 guidance.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...