Equity Lifestyle Properties: Q3 Earnings Snapshot

CHICAGO (AP) — CHICAGO (AP) — Equity Lifestyle Properties Inc. (ELS) on Monday reported a key measure of profitability in its third quarter.

The real estate investment trust, based in Chicago, said it had funds from operations of $139.7 million, or 71 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $77 million, or 41 cents per share.