Equity LifeStyle Properties, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 25, 2022 at 02:46 am IST
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Equity LifeStyle Properties, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 258.28 million compared to USD 227.57 million a year ago. Revenue was USD 325.33 million compared to USD 271.9 million a year ago. Net income was USD 65.55 million compared to USD 64.65 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.35 a year ago.
For the full year, sales was USD 1,032.58 million compared to USD 923.74 million a year ago. Revenue was USD 1,271.69 million compared to USD 1,091.45 million a year ago. Net income was USD 262.48 million compared to USD 228.28 million a year ago. Basic earnings per share from continuing operations was USD 1.43 compared to USD 1.26 a year ago. Diluted earnings per share from continuing operations was USD 1.43 compared to USD 1.25 a year ago.
Equity LifeStyle Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns a lifestyle-oriented properties consisting of property operations and home sales and rental operations within manufactured home (MH) and recreational vehicle (RV) communities and marinas. It operates through two segments: Property Operations and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease properties and the Home Sales. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. The Company owns interest in a portfolio of approximately 451 properties located throughout the United States and Canada containing approximately 172,465 individual developed areas. These properties are located in 35 states and British Columbia, with approximately 110 properties with lake, river or ocean frontage and approximately 120 properties within 10 miles of the coastal United States.