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AI brief of an SEC Form 8-K · Equity Lifestyle Properties (ELS)

Equity LifeStyle Properties Q1 net income rises to $0.59 per share from $0.44

Positive Impact 3 of 5 earnings Written later

Equity LifeStyle Properties reported first-quarter 2024 total revenues of $386.6 million, up $16.6 million from a year earlier, and net income available to common stockholders of $109.9 million, up from $82.4 million. The company also gave second-quarter and full-year 2024 guidance, including full-year Normalized FFO of $2.84 to $2.94 per share, for shareholders to weigh against these results.

Key points

  • Q1 2024 net income per common share was $0.59, versus $0.44 in Q1 2023.
  • Q1 2024 Normalized FFO per share was $0.78, up from $0.72, which the company said was in line with the midpoint of its guidance.
  • Q2 2024 Normalized FFO per share guidance is $0.61 to $0.67; full-year 2024 is $2.84 to $2.94.
  • Q1 2024 results include $14.8 million of insurance proceeds related to Hurricane Ian.

The filing

CompanyEquity Lifestyle Properties (ELS)
Form8-K, current report
Filed with the SECApr 23, 2024, 9:04 AM ET
Accession number0000895417-24-000063

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.