Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as
“we,” “us,” and “our”) today announced that we will participate at the
Citi 2016 Global Property CEO Conference. Marguerite Nader, our
President and CEO, will participate in a roundtable discussion followed
by a question and answer session on Monday, March 14, 2016 at 7:30 am
Eastern time. The session will be broadcasted live and can be accessed
via a listen-only webcast at: http://www.veracast.com/webcasts/citigroup/globalproperty2016/01101473876.cfm .
A replay of the discussion will be available one hour after the
conclusion of the live event through June 14, 2016.
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, real estate market conditions, the
actual rate of decline in 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 assumptions and guidance concerning 2016 estimated net income, FFO
and Normalized FFO;
-
our ability to manage counterparty risk;
-
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 dilutive effects of issuing additional securities;
-
the effect of accounting for the entry of contracts with customers
representing a right-to-use the Properties under the Codification
Topic “Revenue Recognition;”
-
the outcome of pending or future lawsuits filed against us by tenant
groups seeking to limit rent increases and/or seeking large damage
awards for our alleged failure to properly maintain certain Properties
or other tenant related matters, such as the case currently pending in
the California Court of Appeal, Sixth Appellate District, Case No.
H041913, involving our California Hawaiian manufactured home property,
including any further proceedings on appeal or in the trial court; and
-
other risks indicated from time to time in our filings with the
Securities and Exchange Commission.
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 388 quality properties in 32 states and
British Columbia consisting of 144,244 sites. We are a
self-administered, self-managed real estate investment trust (“REIT”)
with headquarters in Chicago.
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