Equity LifeStyle Properties (NYSE:ELS) reports for the second quarter ending June 30, 2016 total revenues rose $8.6 million, or 4.3 percent, to $210.1 million, as compared to $201.5 million for the same period in 2015. Net income available for common share stockholders increased $3.7 million, or $0.04 per diluted common share, to $35.5 million, or $0.42 per diluted common share. For the same period in 2015, net income was $31.8 million, or $0.38 per diluted common share, as businesswire reports.

Property operating revenues for Q2 2016 rose $8.9 million to $197.4 million, as compared to $188.5 million for the same period in 2015. For the 2^nd quarter, income from property operations increased $6.9 million to $113.4 million, as compared to $106.5 million for the comparable period in 2015.

Core property operating revenues rose approximately 4.2 percent compared to the same period last year, while core income from property operations increased 6.1 percent over the same time frame last year.

A publicly-traded real estate investment trust (REIT), on June 1, 2016 ELS acquired Forest Lake Estates, a 1,168 home site, age restricted community in Zephryhills, Fla. for $75.2 million. The community consists of 894 manufactured home (MH) sites and 274 recreational vehicle (RV) sites.

Also, ELS finalized the acquisition of Portland Fairview, a 407-site RV resort located in Fairview, Oregon, for $17.6 million.

As MHProNews knows, ELS has an interest in 390 MHC and RV communities in 32 states and British Columbia, Canada, comprised of 145,804 sites. ##

(Photo credit: Equity LifeStyle Properties, Lake Haven MHC, Clearwater, Fla.)

Article submitted by Matthew J Silver to Daily Business News-MHProNews.