Equity LifesStyle Properties Inc., a Chicago-based real-estate investment trust, announced its results today (April 17) for the first fiscal quarter, which ended March 31.
The company’s total revenues increased $12.3 million, or 5.6%, to $232.4 million, compared to $220.1 million for the same period in 2016. Net income increased $6.3 million to $56.9 million, compared to $50.6 million in the same quarter of 2016.
Funds from operations rose $8.5 million to $93.1 million, compared to $84.6 million during the same quarter last year.
The company paid off a loan of $21.1 million during the quarter.
Company officials will conduct a conference call with investors at 10 a.m. CDT and wil be available live or for later replay at equitylifestyleproperties.com.
To read the full financial release, click here.