ELS REPORTS SECOND QUARTER RESULTS

Six Months Ended June 30, 2024 2023 $ Change % Change (1) Net Income per Common Share $ 1.01 $ 0.78 $ 0.23 29.4 % FFO per Common Share and OP Unit $ 1.55 $ 1.33 $ 0.22 16.6 % Normalized FFO per Common Share and OP Unit $ 1.44 $ 1.36 $ 0.08 5.9 % Operations Update Core MH base rental income for the quarter ended June 30, 2024 increased 6.2% compared to the same period in 2023, which reflects 6.0% growth from rate increases and 0.2% from occupancy gains. Core MH homeowners increased by 171, and we sold 255 ne ...