ELS ANNOUNCES TAX TREATMENT OF 2024 DISTRIBUTIONS
Rhea-AI Summary
Equity LifeStyle Properties (NYSE: ELS) has released details about the tax treatment of its 2024 common stock distributions. The company distributed a total of $1.91 per share throughout 2024, with quarterly payments of $0.4775 per share. Of the total distribution, $1.800728 per share qualified as ordinary taxable dividends and REIT dividends under IRC §199A, while $0.109272 per share was classified as nondividend distribution.
As of October 21, 2024, ELS owned or had interests in 452 properties across the United States, comprising 172,870 sites. The company operates as a self-administered, self-managed REIT headquartered in Chicago.
Positive
- Consistent quarterly dividend payments of $0.4775 per share throughout 2024
- Substantial property portfolio of 452 properties with 172,870 sites
Negative
- None.
News Market Reaction – ELS
In the trading session that priced this news, ELS gained 1.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Common Stock (CUSIP No. 29472R108)
Record | Payable | Distribution | Total | Ordinary | Nondividend | Qualified REIT |
03/28/2024 | 04/12/2024 | |||||
06/28/2024 | 07/12/2024 | |||||
09/27/2024 | 10/11/2024 | |||||
12/27/2024 | 01/10/2025 | |||||
TOTALS |
Pursuant to Treas. Reg. § 1.1061-6(c), we report that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are both
Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from us.
As of October 21, 2024, we owned or had an interest in 452 properties located predominantly in
View original content:https://www.prnewswire.com/news-releases/els-announces-tax-treatment-of-2024-distributions-302359685.html
SOURCE Equity Lifestyle Properties, Inc.