ELS Q2 revenue rises 1.3% to $370M; EPS $0.34; guidance increased

EQUITY LIFESTYLE PROPERTIES INC

2023-Q2 EPS reported $0.78 revenue$739,966,000

Q2 total revenues $370.0M vs $365.3M in Q2 2022, up 1.3%.
Net income $62.9M ($0.34 diluted EPS) vs $61.5M ($0.33) a year ago.
Company raised full-year 2023 earnings guidance (specifics not detailed in excerpt).
Portfolio of 450 properties with 171,706 sites as of July 17, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EQUITY LIFESTYLE PROPERTIES INC reported Q2 2023 results: revenue $370.0, net income $62.9, EPS $0.34. Guidance raised.

Period: Q2 2023
Revenue: $370.0
Net income: $62.9
EPS: $0.34
Guidance: raised
Result: reported results

Exact text from the filing

ELS REPORTS SECOND QUARTER RESULTS Continued Strong Performance; Guidance Increase CHICAGO, IL – July 17, 2023 – Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us,” and “our”) today announced results for the quarter and six months ended June 30, 2023. All per share results are reported on a fully diluted basis unless otherwise noted. ($ in millions, except per share data) FINANCIAL RESULTS Q2 2023 Q2 2022 $ Change Total Revenues $ 370.0 $ 365.3 $ 4.7 Net Income available for Common Stockholders $ 62.9 $ 61.5 $ 1.4 Net Income per Common Share - Fully Diluted $ 0.34 $ 0.33 $ 0.01

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Source: SEC EDGAR

accession 0000895417-23-000053

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