Equity LifeStyle Properties, Inc. (NYSE:ELS) Q4 2022 Earnings Call Transcript

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Operator: Thank you. We have a follow-up from the line of Joshua Dennerlein with Bank of America. Your line is open.

Joshua Dennerlein: Yes. Paul, I just wanted to follow up on your comment that payroll should be in line with headline CPI for 2023 guidance. Is that in — is that kind of backwards-looking CPI, like the current CPI or kind of how CPI trends over the next 12 months?

Paul Seavey: We took a look at current CPI.

Joshua Dennerlein: Current. So, the latest print?

Paul Seavey: Yes.

Joshua Dennerlein: Thank you. Paul.

Operator: Thank you. Ladies and gentlemen, this concludes the question-and-answer session at this time. I would now like to turn the call back over to Marguerite Nader for closing remarks.

Marguerite Nader: Thank you very much for joining us on today’s call. We look forward to seeing you at all the upcoming events. Take care.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.

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