Chicago, Ill.-based Equity LifeStyle Properties, Inc. announced results for the quarter and nine months ending Sept. 30. The company has 404 properties in 32 states and British Columbia consisting of 149,448 sites.
According to a press release, for the quarter ending Sept. 30, total revenues increased $15.4 million, or 6.8%, to $241.6 million compared to $226.2 million for the same period in 2016. Net income available for common stockholders for the quarter ended Sept. 30, increased $7.5 million, or $0.08 per common share, to $48.5 million, or $0.56 per common share, compared to $41.0 million, or $0.48 per common share, for the same period in 2016.
For the nine months ending Sept. 30, total revenues increased $38.9 million, or 5.9%, to $695.3 million compared to $656.4 million for the same period in 2016. Net income available for common stockholders for the nine months ending Sept. 30, increased $17.8 million, or $0.17 per common share, to $144.9 million, or $1.66 per common share, compared to $127.1 million, or $1.49 per common share, for the same period in 2016.
For the quarter ending Sept. 30, property operating revenues, excluding deferrals, increased $16.0 million to $227.3 million, compared to $211.3 million for the same period in 2016. For the nine months ending Sept. 30, property operating revenues, excluding deferrals, increased $44.5 million to $660.7 million, compared to $616.2 million for the same period in 2016.
For the quarter ending Sept. 30, income from property operations, excluding deferrals and property management, increased $8.5 million to $128.1 million, compared to $119.6 million for the same period in 2016. For the nine months ending Sept. 30, income from property operations, excluding deferrals and property management, increased $23.5 million to $383.8 million, compared to $360.3 million for the same period in 2016.
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