ELS ANNOUNCES TAX TREATMENT OF 2024 DISTRIBUTIONS

Equity LifeStyle Properties (NYSE: ELS) has released details about the tax treatment of its 2024 common stock 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.

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CHICAGO, Jan. 24, 2025 /PRNewswire/ -- Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as "we," "us" and "our") today announced the tax treatment of our 2024 common stock distributions. The following table summarizes the income tax treatment of our 2024 distributions.

Common Stock (CUSIP No. 29472R108)

Record Date	Payable Date	Distribution Per Share	Total Distribution Allocable to 2024	Ordinary Taxable Dividend	Nondividend Distribution	Qualified REIT Dividend for IRC §199A
03/28/2024	04/12/2024	$0.477500	$0.477500	$0.450182	$0.027318	$0.450182
06/28/2024	07/12/2024	$0.477500	$0.477500	$0.450182	$0.027318	$0.450182
09/27/2024	10/11/2024	$0.477500	$0.477500	$0.450182	$0.027318	$0.450182
12/27/2024	01/10/2025	$0.477500	$0.447500	$0.450182	$0.027318	$0.450182
TOTALS		$1.910000	$1.910000	$1.800728	$0.109272	$1.800728

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 $0.00 per share with respect to direct and indirect holders of "applicable partnership interests."

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 the United States consisting of 172,870 sites. We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago.

View original content:https://www.prnewswire.com/news-releases/els-announces-tax-treatment-of-2024-distributions-302359685.html

SOURCE Equity Lifestyle Properties, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the total dividend distribution per share for ELS in 2024?

ELS distributed a total of $1.91 per share in 2024, paid in quarterly installments of $0.4775 per share.

How much of ELS's 2024 distributions qualified as REIT dividends under IRC §199A?

$1.800728 per share of the total distribution qualified as REIT dividends under IRC §199A.

What portion of ELS's 2024 distributions was classified as nondividend distribution?

$0.109272 per share was classified as nondividend distribution.

How many properties did ELS own as of October 21, 2024?

As of October 21, 2024, ELS owned or had an interest in 452 properties with 172,870 sites, predominantly located in the United States.

What were the payment dates for ELS's quarterly distributions in 2024?

ELS's distributions were paid on April 12, July 12, October 11, 2024, and January 10, 2025 (for the Q4 2024 distribution).