ELS Declares Second Quarter Dividends

    0
    224
    Reading Time: 3 minutes

    CHICAGO–(BUSINESS WIRE)–The Board of Directors of Equity LifeStyle Properties, Inc. (NYSE:ELS)
    (referred to herein as “we,” “us,” and “our”) declared a second quarter
    2019 dividend of $0.6125 per common share, representing, on an
    annualized basis, a dividend of $2.45 per common share. The dividend
    will be paid on July 12, 2019 to stockholders of record at the close of
    business on June 28, 2019.

    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 retain and attract customers renewing, upgrading and
      entering right- to-use contracts;
    • our assumptions about rental and home sales markets;
    • our ability to manage counter-party 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 home buyers 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;
    • 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 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.

    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 “Risk Factors” 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 own or have an interest in 412 quality properties in 33 states and
    British Columbia consisting of 155,133 sites. We are a
    self-administered, self-managed, real estate investment trust with
    headquarters in Chicago.

    Contacts

    Paul Seavey
    (800) 247-5279