Equity Lifestyle Properties (ELS) Surpasses Q1 FFO Estimates

Equity Lifestyle Properties (ELS) came out with quarterly funds from operations (FFO) of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to FFO of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.30%. A quarter ago, it was expected that this resort community operator would post FFO of $0.72 per share when it actually produced FFO of $0.71, delivering a surprise of -1.39%.Over the last ...