CHICAGO (AP) _ Fairness Way of life Properties Inc. (ELS) reported a key measure of profitability in its second quarter on Monday.
The Chicago-based actual property funding belief mentioned it had funds from operations of $125.three million, or 64 cents a share, within the interval.
Funds from operations are a intently watched measure within the REIT business. Take internet earnings and add objects like depreciation and amortization.
The corporate mentioned it had internet earnings of $61.5 million, or 33 cents a share.
The operator of the vacationer neighborhood registered revenues of $365.three million within the interval.
For the present quarter ending in October, Fairness Way of life Properties expects its funds per share from operations to be between 66 cents and 72 cents.
The corporate expects full yr funds from operations within the vary of $2.68 to $2.78 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks Inventory Report on ELS at https://www.zacks.com/ap/ELS
