Equity Lifestyle sees limited damage from Hurricane Milton

The company states: “Equity LifeStyle Properties reported its preliminary assessment of the impact of Hurricane Milton on its Florida properties. Based on our ongoing initial assessments, certain properties were affected by flooding, wind, wind-blown debris, falling trees and tree branches. Structural damage to common areas appears to be limited. We have seen damage to some homes, carports, screen rooms and awnings. Our team members and third-party contractors have begun cleanup efforts at many of the impacted properties, and we are working towards quickly returning our properties to full operating condition. Certain properties continue to experience utility disruptions. We are in the process of estimating costs associated with cleanup and restoration efforts. We believe that we have adequate insurance, subject to deductibles, including business interruption coverage. At this time, we do not believe that Hurricane Milton will significantly impact our results of operations or our financial condition on a consolidated basis.”