Equity LifeStyle Properties Earnings: Here’s Why Investors Like These Results

Equity LifeStyle Properties, Inc. (NYSE:ELS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

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Equity LifeStyle Properties, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.3% to $1.41 in the quarter versus EPS of $1.29 in the year-earlier quarter.

Revenue: Rose 4.69% to $190.59 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Equity LifeStyle Properties, Inc. reported adjusted EPS income of $1.41 per share. By that measure, the company beat the mean analyst estimate of $1.39. It beat the average revenue estimate of $177.42 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…