ELS reports Q4 revenue $360.6M (+5.9% YoY), net income $91.9M, EPS $0.49; raises annual dividend to $1.91

EQUITY LIFESTYLE PROPERTIES INC

2023-FY EPS reported $1.69 revenue$1,489,423,000

Total revenue $360.6M vs $340.6M in Q4 2022; net income $91.9M vs $73.0M.
Diluted EPS $0.49 vs $0.39 in prior-year quarter.
Board approves 2024 annual dividend rate of $1.91 per share, up $0.12 from $1.79.
Full-year 2024 guidance assumptions mentioned but specific numbers not included in excerpt.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EQUITY LIFESTYLE PROPERTIES INC reported quarter and year ended December 31, 2023 results: revenue $360.6 million and $340.6 million, net income $91.9 million and $73.0 million, EPS $0.49 and $0.39. Guidance initiated.

Period: quarter and year ended December 31, 2023
Revenue: $360.6 million and $340.6 million
Net income: $91.9 million and $73.0 million
EPS: $0.49 and $0.39
Guidance: initiated
Result: reported results

Exact text from the filing

ELS REPORTS FOURTH QUARTER RESULTS Continued Strong Performance; Provides 2024 Guidance and Increases Annual Dividend CHICAGO, IL – January 29, 2024 – Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us,” and “our”) today announced results for the quarter and year ended December 31, 2023. All per share results are reported on a fully diluted basis unless otherwise noted. ($ in millions, except per share data) FINANCIAL RESULTS Q4 2023 Q4 2022 $ Change Total Revenues $ 360.6 $ 340.6 $ 20.0 Net Income available for Common Stockholders $ 91.9 $ 73.0 $ 18.9 Net Income per Common Share $ 0.49 $ 0.39 $ 0.10

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Source: SEC EDGAR

accession 0000895417-24-000030

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