Equity LifeStyle Properties, Inc. declared a second quarter dividend of $0.50 per common share, representing, on an annualized basis, a dividend of $2.00 per common share. The dividend will be paid on July 12, 2013 to stockholders of record on June 28, 2013. The company also declared a dividend of $0.421875 per depositary share each representing 1/100 of a share of 6.75% Series C Cumulative Redeemable Perpetual Preferred Stock, which represents, on an annualized basis, a dividend of $1.6875 per depositary share. The dividend will be paid on July 1, 2013 to stockholders of record on June 20, 2013.

Equity LifeStyle Properties, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $190.588 million against $181.291 million a year ago. Income before equity in income of unconsolidated joint ventures and gain on sale of property was $38.934 million against $16.890 million a year ago. Consolidated net income was $40.468 million against $17.653 million a year ago. Net income available for common shares was $35.024 million or $0.84 per diluted share against $12.431 million or $0.30 per diluted share a year ago. FFO was $64.991 million or $1.43 per diluted share against $58.746 million or $1.29 per diluted share a year ago. Normalized FFO was $63.973 million or $1.41 per diluted share against $58.746 million or $1.29 per diluted share a year ago. The company expected income from property operations - 2013 Core of $406.2 million, normalized FFO of $229.5 million, FFO of $230.5 million, depreciation on real estate and other of $101.5 million, depreciation on rental homes of $7.3 million, net income available to common shares of $110.1 million, normalized FFO per share - fully diluted in a range of $4.94 - $5.14, FFO per share - fully diluted in a range of $4.96 - $5.16 and net income per common share - fully diluted in a range of $2.54 - $2.74 for the year ending December 31, 2013. Interest expense for 2013 is expected to be approximately $120.4 million. The company expected income from property operations - 2013 Core of $96.2 million, normalized FFO of $51.7 million, FFO of $51.7 million, depreciation on real estate and other of $25.4 million, depreciation on rental homes of $1.8 million, net income available to common shares of $21.8 million, normalized FFO per share - fully diluted in a range of $1.09-$1.19, FFO per share - fully diluted in a range of $1.09-$1.19 and net income per common share - fully diluted in a range of $0.47-$0.57 for the second quarter ending June 30, 2013. Core community base rent revenue is projected to be $106.3 million a growth rate of 3%. For the second quarter The company anticipates $31.2 million of rental revenue from Core RV properties up 2.5% from last year. On a combined basis, these lines are expected to generate $12.4 million of income compared to $12.5 million in the second quarter of 2012.

Equity LifeStyle Properties, Inc., Q1 2013 Earnings Call, Apr 23, 2013