ELS Reports Fourth Quarter Results.

Extract


ELS Reports Fourth Quarter Results.

Strong Core Performance and One-Time Gains

CHICAGO -- Equity LifeStyle Properties, Inc. (NYSE: ELS) today announced results for the quarter and year ended December 31, 2007.

a) Financial Results

For the fourth quarter 2007, Funds From Operations ("FFO") was $21.8 million, or $0.72 per share on a fully diluted basis, compared to $18.4 million, or $0.61 per share on a fully diluted basis for the same period in 2006. For the year ended December 31, 2007, FFO was $92.8 million, or $3.05 per share on a fully diluted basis, compared to $82.4 million, or $2.72 per share on a fully diluted basis for the same period in 2006.

For the fourth quarter 2007, net income available to common stockholde...

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