(State or other jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification Number) | |||||||||||||||
(Address of Principal Executive Offices) | (Zip Code) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
(amounts in millions) | Quarter Ended December 31, 2022 | Year Ended December 31, 2022 | |||||||||||||||
Reported | Revised | Reported | Revised | ||||||||||||||
Net income available for Common Stockholders | $73.0 | $73.0 | $284.6 | $284.6 | |||||||||||||
FFO available for Common Stock and OP Unit Holders | $126.6 | $123.6 | $523.6 | $505.1 | |||||||||||||
Normalized FFO available for Common Stock and OP Unit Holders | $128.1 | $125.1 | $531.6 | $513.1 | |||||||||||||
Quarter Ended December 31, 2022 | Year Ended December 31, 2022 | ||||||||||||||||
Reported | Revised | Reported | Revised | ||||||||||||||
Net Income per Common Share - Fully Diluted | $0.39 | $0.39 | $1.53 | $1.53 | |||||||||||||
FFO per Common Share and OP Unit - Fully Diluted | $0.65 | $0.63 | $2.68 | $2.59 | |||||||||||||
Normalized FFO per Common Share and OP Unit - Fully Diluted | $0.66 | $0.64 | $2.72 | $2.63 |
EQUITY LIFESTYLE PROPERTIES, INC. | ||||||||
Date: January 22, 2024 | By: /s/ Paul Seavey | |||||||
Paul Seavey | ||||||||
Executive Vice President and Chief Financial Officer |
(amounts in millions), unaudited | Quarter Ended December 31, 2022 | Year Ended December 31, 2022 | |||||||||||||||
Reported | Revised | Reported | Revised | ||||||||||||||
Net income available for Common Stockholders | $73.0 | $73.0 | $284.6 | $284.6 | |||||||||||||
Income allocated to non-controlling interests – Common OP Units | 3.6 | 3.6 | 14.2 | 14.2 | |||||||||||||
Membership upgrade sales upfront payments, deferred, net | 3.5 | — | 21.7 | — | |||||||||||||
Membership sales commissions, deferred, net | (0.5) | — | (3.2) | — | |||||||||||||
Depreciation and amortization | 49.6 | 49.6 | 202.4 | 202.4 | |||||||||||||
Depreciation on unconsolidated joint ventures | 1.1 | 1.1 | 3.9 | 3.9 | |||||||||||||
Gain on unconsolidated joint ventures | — | — | — | — | |||||||||||||
(Gain)/loss on sale of real estate and impairment, net | (3.7) | (3.7) | — | — | |||||||||||||
FFO available for Common Stock and OP Unit holders | $126.6 | $123.6 | $523.6 | $505.1 | |||||||||||||
Accelerated vesting of stock-based compensation expense | — | — | — | ||||||||||||||
Early debt retirement | — | — | 1.1 | 1.1 | |||||||||||||
Transaction/pursuit costs | 0.4 | 0.4 | 3.8 | 3.8 | |||||||||||||
Lease termination expenses | 1.1 | 1.1 | 3.1 | 3.1 | |||||||||||||
Normalized FFO available for Common Stock and OP Unit holders | $128.1 | $125.1 | $531.6 | $513.1 |
Cover Document |
Jan. 19, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Jan. 19, 2024 |
Entity Incorporation, State or Country Code | MD |
Entity File Number | 1-11718 |
Entity Tax Identification Number | 36-3857664 |
Entity Address, Street | Two North Riverside Plaza |
City | Chicago, |
Entity Address, State | IL |
Entity Address, Postal Zip Code | 60606 |
City Area Code | 312 |
Local Phone Number | 279-1400 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
Title of each class | Common Stock, $0.01 Par Value |
Trading Symbol | ELS |
Name of each exchange on which registered | NYSE |
Entity Registrant Name | EQUITY LIFESTYLE PROPERTIES INC |
Entity Central Index Key | 0000895417 |
Amendment Flag | false |
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
%C:^?VZH:TE[VE-S9NMQ=%A?BTX'HE'QY%V)N M:I%FGJ:QJ,';>$<-!)U4Q-Z*0CZFL6&P9:P!Q+MTFF6SU%L,9KD8M;: X1+_)UW,#ECQ ,ZE._<]'<')O$8T.,5RMQD)HDU75Z(\4I!K-L5 M3,[E9C(,]L""Q1]ZUYG\M(?8,V(/'U:-Y&:6J6"%'*7?Z/6M>CR#+@^H%7I" M)\!K*_#,U#88CIV,IDAO8O0]C.=0XIS_4R-5%1:PIJ+U$&3HD<%U!D.LL8DF M"=9#;E9T!D[&Q2Z8OK0IAY"B[FXJXSGJ@#?EX',T5T*% &PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'.UD3T.@S ,A:\2 MY0 U4*E#!4Q=6"LN$ 7S(Q(2Q:X*MR^% 9 Z=&&RGBU_[\E.GV@4=VZ@MO,D M1FL&RF3+[.\ I%NTBB[.XS!/:A>LXEF&!KS2O6H0DBBZ0=@S9)[NF:*/Y# M='7=:7PX_;(X\ \PO%WHJ45D*4H5&N1,PFBV-L%2XLM,EJ*H,AF**I9P6B#B MR2!M:59]L$].M.=Y%S?W1:[-XPFNWPQP>'3^ 5!+ P04 " 4B39899!Y MDAD! #/ P $P %M#;VYT96YT7U1Y<&5S72YX;6RMDTU.PS 0A:\295LE M+BQ8H*8;8 M=< %C3QJK_I-G6M+;,T[:2J 2%85-K'C>O,^>EZS>CQ&PZ)WU MV)0=47P4 E4'3F(=(GBNM"$Y2?R:MB)*M9-;$/?+Y8-0P1-XJBA[E.O5,[1R M;ZEXZ7D;3?!-FI6.5Z*U .EK >MKBRAE#VQH%.JB]XY8:8P*IL0,@ M9^O1=#%-)IXPC,^[V?S!9@K(RDT*$3FQ!'_'G2/)W55D(TADIJ]X(;+U[/M! M3EN#OI'-X_T,:3?D@6)8YL_X>\87_QO.\1'"[K\_L;S63AI_YHOA/UY_ 5!+ M 0(4 Q0 ( !2)-E@'04UB@0 +$ 0 " 0 !D M;V-0 &UL4$L! A0#% @ %(DV6% &UL4$L! A0#% @ M%(DV6)E &PO=V]R:W-H965T &UL4$L! A0#% @ M%(DV6)^@&_"Q @ X@P T ( !A P 'AL+W-T>6QE &PO=V]R:V)O;VLN>&UL4$L! A0#% @ %(DV M6"0>FZ*M ^ $ !H ( !K!$ 'AL+U]R96QS+W=O 9(9 0 SP, !, M ( !D1( %M#;VYT96YT7U1Y<&5S72YX;6Q02P4& D "0 ^ ) @ VQ, end
VQ*&!]X2#,97:-!2&S&UON-@N&
MZ&2]^&G T.-01A):[%T[(X!A@NT[$0[?;M?JKX_9\DT;X1#.\4Q,@C!*9>IA
MAU+)-92M9"R" Q@3*F+B$OWUD(8FW.W.'?3(*2&\GL9]\ZC=A2?6&)H8837+
MY5-K"EU;PD]!?&'OW]R/>3@%'BA2&.#9M-"S\U,^Y76#CU=$)Z_TC#-89,/5
M!FNK=\U![I$GD!G#U)UE7#$U$0YZ+2Z3/I.18J I@#?#[8VF];00O-ZLERJ5
MNT%PNU4I5?-"\ U?YH;V&[VL[R23?>"&&]5':OBQ*+'1VJUVG^S?Y3X@)5
M)]=LI4.SR)ICZ;J>>'I#IWWJ#:-)A[X3A&!X*&[7C\!6=(/8C\)I-W#G#0F&
M 3$($8E)&%QB.S,+4BOL?0'SX7'?70X$&8UAUN8&"L\YF=FB.S_(8AQ(3T#A
M 6A/0]AZ8<^V;+MIMQZ#KC\*DY_SZT,3B'.(T>>)W"CLU7:L6JO1W-E90CYS
M='Y8]>&)X9)=2^FZ.J)2?9*(RJT(@E9AB]0%>D !>#XA^P,<"^5*[1H!I)!9
MU;* '-Z6-LA)KVXP'DN%VW8,)9T=!Z7MMRG&.0ER>-9GO?'$"Z; /O,2RK2(
M;C^B^+T!Q;;ONJ%0ROQQ!.W9B5+;*>R=7P7 8V$T8F>2]HM=@9N__^7OMN3>
M)._"7T_"\^ JQ4#-PEYW!+.Z"(KWH&]NHFG?Y]$E]T&)1@;C)#P%_"AI2SHG
MO&P5]@X]&$4@U3OKWGL53@,@L_>_CPVIX%_=6!55[2UZNN
J>4:$-;U!1N%&^4M_)I7W<$6@SX8$/!MK,#\@CBY6@4C!5LUN,V3PD
M>6DZ=0 N//7E3;%S2BF#FM&'N<&;4%Q*!?5 1W+?0;;ECH.?$6!A3#_B\M!5
M>I_87><.UK9XZ@YFE5_I)3#-X\KLNN, 1H8V9.B.R Y03
MQS692K $G^6MV8K]3$X*[!14)@X0>XB5TOE]+H51>FG^K&T6