Equity Lifestyle Properties Inc. (ELS) has recently published its financial outcomes for the fourth quarter, unveiling a net income of $91.9 million, or 49 cents per share. The established company, renowned for its resort communities, achieved a total revenue of $360.6 million during this period.
In addition, ELS announced funds from operations totalling $537.5 million for the entire year, with a revenue of $1.49 billion. Moving forward, the company has forecasted its per-share funds from operations for the current quarter to be within the range of 75 to 81 cents. Meanwhile, it is expected that their full-year funds from operations will range around $2.83 to $2.93 per share.
It is imperative to note that this data has been derived from Zacks Investment Research, which generated a revenue of $537.5 million, and was provided by Automated Insights.
In conclusion, the financial performance of Equity Lifestyle Properties in the fourth quarter reflects its stability and growth in the market. As we look forward to its future endeavors, the company’s continued success is underscored by these positive results.
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