Equity LifeStyle Properties Q3 FFO Down - Quick Facts

(RTTNews) - Equity LifeStyle Properties, Inc. (ELS) Monday said third-quarter funds from operations, or FFO, decreased to $20.4 million or $0.22 per share from $53.2 million or $0.58 per share in the same period last year.

Normalized FFO for the quarter was $59.4 million or $0.65 per share. On average, six analysts polled by Thomson Reuters expected the company to report FFO of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.

Net income available for common stockholders increased to $29.9 million or $0.36 per share from $16.0 million or $0.19 per share last year.

Operating revenues totaled $176.4 million, up 3.5 percent from $170.4 million last year. Analysts expected revenues of $173.38 million.