Equity Lifestyle Properties: 4Q Earnings Snapshot

CHICAGO (AP) _ Equity Lifestyle Properties Inc. (ELS) on Monday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Chicago, said it had funds from operations of $108.9 million, or 57 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $64.6 million, or 35 cents per share.

The resort community operator posted revenue of $271.9 million in the period.

For the year, the company reported funds from operations of $358.7 million, or $2.17 per share. Revenue was reported as $1.09 billion.

Equity Lifestyle Properties expects full-year funds from operations in the range of $2.26 to $2.36 per share.

The company's shares have climbed roughly 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $63.72, a fall of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ELS at https://www.zacks.com/ap/ELS