Equity LifeStyle Properties Q1 Profit Surpasses Estimates - Quick Facts

(RTTNews) - Equity LifeStyle Properties, Inc. (ELS) reported first-quarter normalized FFO available for stockholders of $84.8 million, or $0.92 per share, compared to $76.5 million, or $0.83 per share, for the same period in 2015. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.90 for the quarter. Analysts' estimates typically exclude special items.

FFO available for stockholders increased to $84.6 million or $0.92 per share, compared to $59.1 million, or $0.64 per share, for the same period in 2015. Net income available for stockholders increased to $50.6 million, or $0.60 per share, compared to $27.2 million, or $0.32 per share, for the same period in 2015.

Total revenues were $220.1 million compared to $208.4 million, a year ago. Analysts expected revenue of $207.25 million for the quarter.

Looking forward, the company expects its normalized FFO per share to be between $0.69 - $0.75 for its second-quarter, and to be between $3.19 - $3.29 for fiscal 2016.