Equity Lifestyle Properties, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 28, 2020 at 02:46 am IST
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Equity LifeStyle Properties, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced total revenue was USD 258.640 million compared to USD 243.451 million a year ago. Net income was USD 54.960 million compared to USD 50.174 million a year ago.
For the full year, total revenue was USD 1,037.256 million compared to USD 986.653 million a year ago. Net income was USD 279.139 million compared to USD 212.612 million 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.
EQUITY LIFESTYLE PROPERTIES, INC. 
