ELS Declares Third Quarter 2022 Dividend

Rhea-AI Summary

On July 26, 2022, Equity LifeStyle Properties, Inc. (NYSE:ELS) announced a third quarter 2022 dividend of $0.41 per common share, amounting to an annualized dividend of $1.64. The payment will occur on October 14, 2022, for stockholders on record by the end of September 30, 2022. The PR includes forward-looking statements about potential risks related to market conditions, customer acquisition, and operational costs. It emphasizes the company’s extensive property portfolio, comprising 449 properties and 170,880 sites, primarily situated in the United States.

Positive

• Declared a quarterly dividend of $0.41, enhancing shareholder income.
• Annualized dividend rate of $1.64 reflects company confidence in ongoing financial health.

Negative

• Risks related to market conditions and customer retention could impact revenue.
• Dependence on economic factors for home sales and occupancy may pose challenges.

CHICAGO--(BUSINESS WIRE)-- On July 26, 2022, the Board of Directors of Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as “we,” “us,” and “our”) declared a third quarter 2022 dividend of $0.41 per common share, representing, on an annualized basis, a dividend of $1.64 per common share. The dividend will be paid on October 14, 2022 to stockholders of record at the close of business on September 30, 2022.

This press release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used, words such as “anticipate,” “expect,” “believe,” “project,” “intend,” “may be” and “will be” and similar words or phrases, or the negative thereof, unless the context requires otherwise, are intended to identify forward-looking statements and may include, without limitation, information regarding our expectations, goals or intentions regarding the future, and the expected effect of our acquisitions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, including, but not limited to:

• our ability to control costs and real estate market conditions, our ability to retain customers, the actual use of sites by customers and our success in acquiring new customers at our properties (including those that we may acquire);
• our ability to maintain historical or increase future rental rates and occupancy with respect to properties currently owned or that we may acquire;
• our ability to attract and retain customers entering, renewing and upgrading membership subscriptions;
• our assumptions about rental and home sales markets;
• our ability to manage counterparty risk;
• our ability to renew our insurance policies at existing rates and on consistent terms;
• home sales results could be impacted by the ability of potential homebuyers to sell their existing residences as well as by financial, credit and capital markets volatility;
• results from home sales and occupancy will continue to be impacted by local economic conditions, including an adequate supply of homes at reasonable costs, lack of affordable manufactured home financing and competition from alternative housing options including site-built single-family housing;
• impact of government intervention to stabilize site-built single-family housing and not manufactured housing;
• effective integration of recent acquisitions and our estimates regarding the future performance of recent acquisitions;
• the completion of future transactions in their entirety, if any, and timing and effective integration with respect thereto;
• unanticipated costs or unforeseen liabilities associated with recent acquisitions;
• our ability to obtain financing or refinance existing debt on favorable terms or at all;
• the effect of inflation and interest rates;
• the effect from any breach of our, or any of our vendors’, data management systems;
• the dilutive effects of issuing additional securities;
• the outcome of pending or future lawsuits or actions brought by or against us, including those disclosed in our filings with the Securities and Exchange Commission; and
• other risks indicated from time to time in our filings with the Securities and Exchange Commission.

In addition, these forward-looking statements are subject to risks related to the COVID-19 pandemic, many of which are unknown, including the duration of the pandemic, the extent of the adverse health impact on the general population and on our residents, customers, and employees in particular, its impact on the employment rate and the economy, the extent and impact of governmental responses, and the impact of operational changes we have implemented and may implement in response to the pandemic.

For further information on these and other factors that could impact us and the statements contained herein, refer to our filings with the Securities and Exchange Commission, including the “Risk Factors” section in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

These forward-looking statements are based on management’s present expectations and beliefs about future events. As with any projection or forecast, these statements are inherently susceptible to uncertainty and changes in circumstances. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise.

We are a fully integrated owner of lifestyle-oriented properties and own or have an interest in 449 properties located predominantly in the United States consisting of 170,880 sites. We are a self-administered, self-managed, real estate investment trust with headquarters in Chicago.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220726006031/en/

Paul Seavey

(800) 247-5279

Source: Equity LifeStyle Properties, Inc.

FAQ

What is the dividend amount declared by Equity LifeStyle Properties (ELS) for Q3 2022?

Equity LifeStyle Properties declared a dividend of $0.41 per common share for Q3 2022.

When will the dividend for ELS be paid?

The dividend will be paid on October 14, 2022.

What is the annualized dividend for Equity LifeStyle Properties (ELS)?

The annualized dividend for ELS is $1.64 per common share.

What date is the record date for the ELS Q3 2022 dividend?

The record date for the dividend is September 30, 2022.

What risks does Equity LifeStyle Properties (ELS) face according to the press release?

Risks include market conditions, customer retention, and economic factors affecting home sales and occupancy.