Els Reports Minimal Impact From Hurricane Helene
Equity LifeStyle Properties (NYSE:ELS) has reported its preliminary assessment of Hurricane Helene's impact on its properties in Florida, North Carolina, and South Carolina. The company stated that no injuries to residents, guests, or employees have been reported. Some properties experienced effects from flooding, wind, wind-blown debris, and falling trees and branches.
ELS is currently estimating costs for cleanup and restoration efforts. The company believes it has adequate insurance coverage, including business interruption coverage, subject to deductibles. At this time, ELS does not anticipate that Hurricane Helene will significantly impact its results of operations or financial condition on a consolidated basis.
Equity LifeStyle Properties (NYSE:ELS) ha riportato una valutazione preliminare dell'impatto dell'uragano Helene sulle sue proprietà in Florida, Carolina del Nord e Carolina del Sud. L'azienda ha comunicato che non sono stati segnalati infortuni a residenti, ospiti o dipendenti. Alcune proprietà hanno subito effetti causati da inondazioni, vento, detriti trasportati dal vento e alberi e rami caduti.
Attualmente, ELS sta stimando i costi per le operazioni di pulizia e ripristino. L'azienda ritiene di avere un'adeguata copertura assicurativa, inclusa la copertura per interruzione di attività, soggetta a franchigie. In questo momento, ELS non prevede che l'uragano Helene influenzerà in modo significativo i suoi risultati operativi o la sua condizione finanziaria su base consolidata.
Equity LifeStyle Properties (NYSE:ELS) ha informado sobre su evaluación preliminar del impacto del huracán Helene en sus propiedades en Florida, Carolina del Norte y Carolina del Sur. La compañía declaró que no se han reportado lesiones a residentes, huéspedes o empleados. Algunas propiedades experimentaron efectos de inundaciones, viento, escombros voladores y árboles y ramas caídas.
Actualmente, ELS está estimando los costos para la limpieza y los esfuerzos de restauración. La empresa cree que tiene una cobertura de seguro adecuada, incluida la cobertura por interrupción de negocios, sujeta a deducibles. En este momento, ELS no anticipa que el huracán Helene impacte significativamente sus resultados operativos o su condición financiera de manera consolidada.
Equity LifeStyle Properties (NYSE:ELS)는 플로리다, 노스캐롤라이나 및 사우스캐롤라이나에 있는 자산에 대한 허리케인 헬렌의 영향을 예비 평가한 결과를 보고했습니다. 회사는 주민, 손님 또는 직원에게 부상 보고가 없다고 밝혔습니다. 일부 자산은 홍수, 바람, 바람에 날리는 debris와 떨어진 나무와 가지로 인한 영향을 경험했습니다.
현재 ELS는 청소 및 복구 노력의 비용을 추산 중입니다. 회사는 사업 중단 포함 충분한 보험 커버리지를 보유하고 있다고 믿고 있으며, 공제액이 적용됩니다. 현재 ELS는 허리케인 헬렌이 통합 기준으로 운영 결과나 재정 상태에 중대한 영향을 미칠 것으로 예상하지 않습니다.
Equity LifeStyle Properties (NYSE:ELS) a rapporté son évaluation préliminaire de l'impact de l'ouragan Helene sur ses propriétés en Floride, Caroline du Nord et Caroline du Sud. La société a déclaré qu'aucune blessure n'avait été signalée parmi les résidents, les invités ou les employés. Certaines propriétés ont subi des effets dus à des inondations, au vent, aux débris transportés par le vent et aux arbres et branches tombés.
Actuellement, ELS est en train de prévoir les coûts pour le nettoyage et les efforts de restauration. L'entreprise estime avoir une couverture d'assurance adéquate, y compris une couverture contre l'interruption des activités, sous réserve de franchises. Pour le moment, ELS ne prévoit pas que l'ouragan Helene affecte considérablement ses résultats d'exploitation ou sa situation financière sur une base consolidée.
Equity LifeStyle Properties (NYSE:ELS) hat eine vorläufige Bewertung der Auswirkungen von Hurricane Helene auf ihre Immobilien in Florida, North Carolina und South Carolina veröffentlicht. Das Unternehmen gab an, dass keine Verletzungen bei Bewohnern, Gästen oder Mitarbeitern gemeldet wurden. Einige Immobilien erfuhren Auswirkungen durch Überschwemmungen, Wind, vom Wind verwehte Trümmer und umgestürzte Bäume und Äste.
Derzeit schätzt ELS die Kosten für Aufräum- und Wiederherstellungsmaßnahmen. Das Unternehmen ist der Ansicht, dass es über eine angemessene Versicherungspolice verfügt, einschließlich einer Betriebsunterbrechungsversicherung, vorbehaltlich von Selbstbeteiligungen. Zum jetzigen Zeitpunkt erwartet ELS nicht, dass Hurricane Helene wesentlichen Einfluss auf die Betriebsergebnisse oder die finanzielle Lage auf konsolidierter Basis haben wird.
- No injuries reported to residents, guests, or employees
- Adequate insurance coverage, including business interruption coverage
- Hurricane Helene not expected to significantly impact results of operations or financial condition
- Some properties affected by flooding, wind, debris, and falling trees
- Costs associated with cleanup and restoration efforts yet to be determined
- Potential insurance deductibles to be paid
No injuries to our residents, guests or employees have been reported. Certain properties were affected by flooding, wind, wind-blown debris, and falling trees and branches. We are in the process of estimating costs associated with cleanup and restoration efforts. We believe that we have adequate insurance, subject to deductibles, including business interruption coverage. At this time, we do not believe that Hurricane Helene will significantly impact our results of operations or our financial condition on a consolidated basis
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," "estimate," "guidance," "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. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in a forward-looking statement due to a number of factors, which include, but are not limited to the following: (i) the mix of site usage within the portfolio; (ii) yield management on our short-term resort and marina sites; (iii) scheduled or implemented rate increases on community, resort and marina sites; (iv) scheduled or implemented rate increases in annual payments under membership subscriptions; (v) occupancy changes; (vi) our ability to attract and retain membership customers; (vii) change in customer demand regarding travel and outdoor vacation destinations; (viii) our ability to manage expenses in an inflationary environment; (ix) changes in debt service and interest rates; (x) our ability to integrate and operate recent acquisitions in accordance with our estimates; (xi) our ability to execute expansion/development opportunities in the face of changes impacting the supply chain or labor markets; (xii) completion of pending transactions in their entirety and on assumed schedule; (xiii) our ability to attract and retain property employees, particularly seasonal employees; (xiv) ongoing legal matters and related fees; (xv) costs to restore property operations and potential revenue losses following storms or other unplanned events; and (xvi) the potential impact of, and our ability to remediate material weaknesses in our internal control over financial reporting.
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" and "Forward-Looking Statements" sections in our most recent Annual Report on Form 10-K and any 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 452 properties located predominantly in
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SOURCE Equity Lifestyle Properties, Inc.
FAQ
How did Hurricane Helene affect Equity LifeStyle Properties (ELS) in Florida, North Carolina, and South Carolina?
Were there any injuries reported at ELS properties due to Hurricane Helene?
Does ELS have insurance coverage for the damage caused by Hurricane Helene?
Will Hurricane Helene significantly impact ELS's financial results?
