04:50 PM EDT, 04/22/2024 (MT Newswires) -- Equity Lifestyle Properties ( ELS ) reported Q1 normalized funds from operations late Monday of $0.78 per diluted share, up from $0.72 a year earlier.

Analysts surveyed by Capital IQ expected $0.69, as adjusted.

Revenue for the quarter ended March 31 was $386.6 million, up from $370 million a year earlier.

Analysts surveyed by Capital IQ expected $378.7 million.

The company estimates Q2 normalized FFO of $0.61 to $0.67 per share. Analysts surveyed by Capital IQ expect $0.56.

Equity Lifestyle expects a full-year 2024 normalized FFO of $2.84 to $2.94 per share. Analysts surveyed by Capital IQ expect $2.48.