ELS Declares Fourth Quarter 2021 Dividend
CHICAGO, IL – October 26, 2021
CHICAGO, IL – October 26, 2021 – On October 26, 2021, the Board of Directors of
Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as “we,” “us,” and “our”) declared
a fourth quarter 2021 dividend of $0.3625 per common share, representing, on an annualized basis,
a dividend of $1.45 per common share. The dividend will be paid on January 14, 2022 to
stockholders of record at the close of business on December 31, 2021.
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, 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 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 and operator of lifestyle-oriented properties and own or have
an interest in 436 quality properties in 33 states and British Columbia consisting of 167,123 sites. We
are a self-administered, self-managed, real estate investment trust with headquarters in Chicago.
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REIT Profile
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
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Overall Score: 7.8 | See trend
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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Latest Price: $64.16
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Last updated: 2024-11-23 - v1.3