ELS Declares First Quarter 2022 Dividend
CHICAGO, IL – March 8, 2022 – On March 3, 2022, the Board of Directors of Equity
LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as “we,” “us,” and “our”) declared a first
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 April 8, 2022 to stockholders of record at
the close of business on March 25, 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;
• in the age-qualified properties, 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;
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 and operator of lifestyle-oriented properties and own or have
an interest in 446 properties located predominantly in the United States consisting of 169,928 sites.
We are a self-administered, self-managed, real estate investment trust with headquarters in Chicago.
Equity Lifestyle Properties, Inc.
Symbol: ELS
CIK: 895417
Exchange: NYSE
Founded: 1992 (32 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Residential
Internally Managed REIT
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
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Last updated: 2024-11-21 - v1.3