Market Summary
USD66.33-0.35
Market Closed-0.52%
ELS Stock Price
ELS RSI Chart
ELS Valuation
ELS Price/Sales (Trailing)
ELS Profitability
ELS Fundamentals
ELS Revenue
ELS Earnings
Price Action
52 Week Range
56.9174.40
(Low)(High)
Last 7 days
-1.2%
Last 30 days
-1.1%
Last 90 days
1.6%
Trailing 12 Months
-0.8%
ELS Financial Health
ELS Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for ELS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-01 | Waite Patrick | acquired | 285 | 57.09 | 5.00 | evp & chief operating officer |
2023-08-01 | Freedman Constance | acquired | 856 | 57.09 | 15.00 | - |
2023-07-28 | CONTIS DAVID J | gifted | - | - | -200 | - |
2023-07-28 | HENEGHAN THOMAS | gifted | - | - | -200 | chairman of the board |
2023-07-28 | CONTIS DAVID J | gifted | - | - | 200 | - |
2023-07-28 | HENEGHAN THOMAS | gifted | - | - | 200 | chairman of the board |
2023-07-03 | ROSENBERG SHELI Z | acquired | 12,509 | 53.92 | 232 | - |
2023-07-03 | Freedman Constance | acquired | 16,229 | 53.92 | 301 | - |
2023-05-01 | Freedman Constance | acquired | 735 | 56.58 | 13.00 | - |
2023-05-01 | Waite Patrick | acquired | 282 | 56.58 | 5.00 | evp & chief operating officer |
Which funds bought or sold ELS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 1.39 | 110,000 | 10,669,000 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | added | 11.11 | 842 | 8,696 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -792 | 220,737 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 19.69 | 119,729 | 695,729 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -0.92 | -102,179 | 7,897,440 | 0.08% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 21.86 | 250,111 | 1,418,550 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -10.75 | -2,320,690 | 18,636,800 | 0.03% |
2023-08-21 | BOKF, NA | added | 3.74 | 35,191 | 1,081,140 | 0.02% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 602 | 602 | -% |
2023-08-21 | Principal Street Partners, LLC | reduced | -1.57 | -6,031 | 306,080 | 0.07% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Equity LifeStyle Properties
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 08, 2023 | blackrock inc. | 12.3% | 22,878,017 | SC 13G | |
| Feb 14, 2023 | price t rowe associates inc /md/ | 4.2% | 7,735,330 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 13.38% | 24,900,523 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.9% | 14,752,329 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 5.6% | 10,459,829 | SC 13G | |
| Feb 10, 2022 | vanguard group inc | 13.33% | 24,501,375 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.9% | 14,515,744 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 13.05% | 23,787,784 | SC 13G/A |
Recent SEC filings of Equity LifeStyle Properties
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 08, 2023 | SC 13G | Major Ownership Report | |
| Aug 03, 2023 | 4 | Insider Trading | |
| Aug 03, 2023 | 4 | Insider Trading | |
| Aug 03, 2023 | 10-Q | Quarterly Report | |
| Aug 01, 2023 | 4 | Insider Trading | |
| Aug 01, 2023 | 4 | Insider Trading | |
| Jul 28, 2023 | 8-K | Current Report | |
| Jul 18, 2023 | 8-K | Current Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading |
Peers (Alternatives to Equity LifeStyle Properties)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 36.9B | 5.1B | -2.01% | 17.36% | 86.19 | 7.19 | 13.73% | -68.04% |
EQR | 22.8B | 2.0B | -6.30% | -11.85% | 27.35 | 11.3 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -13.66% | -28.12% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.0B | 1.8B | -6.40% | -7.72% | 27.11 | 6.23 | 6.75% | -42.80% |
| MID-CAP | ||||||||
FRT | 7.6B | 1.1B | -5.28% | 2.70% | 19.53 | 6.84 | 8.31% | 38.10% |
KRG | 4.7B | 820.5M | -1.92% | 22.31% | 167.75 | 5.74 | 29.95% | 125.56% |
VNO | 4.3B | 1.8B | 1.49% | -8.17% | -11.49 | 2.34 | 5.60% | -286.96% |
MAC | 2.4B | 866.2M | 1.07% | 40.86% | -27.99 | 2.82 | 0.51% | -335.26% |
| SMALL-CAP | ||||||||
SLG | 2.4B | 882.0M | 5.01% | -4.95% | -5.46 | 2.74 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | -1.96% | 60.49% | 25.05 | 5.56 | 1.38% | 137.97% |
PGRE | 1.0B | 732.3M | -3.86% | -29.19% | -12.06 | 1.4 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -11.18% | -12.50% | -5.75 | 2.99 | 88.48% | -168.70% |
Equity LifeStyle Properties News
Returns for ELS
Cumulative Returns on ELS
16.8%
10-Year Cumulative Returns
9.7%
7-Year Cumulative Returns
8.4%
5-Year Cumulative Returns
4.1%
3-Year Cumulative Returns
Risks for ELS
What is the probability of a big loss on ELS?
37.7%
Probability that Equity LifeStyle Properties stock will be more than 20% underwater in next one year
23.5%
Probability that Equity LifeStyle Properties stock will be more than 30% underwater in next one year.
0%
Probability that Equity LifeStyle Properties stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ELS drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Equity LifeStyle Properties was unfortunately bought at previous high price.
Drawdowns
Financials for Equity LifeStyle Properties
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.3% | 1,462 | 1,457 | 1,447 | 1,442 | 1,408 | 1,373 | 1,316 | 1,280 | 1,218 | 1,142 | 1,119 | 1,078 | 1,064 | 1,059 | 1,037 | 1,022 | 1,008 | 1,000 | 987 | 973 | 958 |
| Costs and Expenses | 0.3% | 1,163 | 1,160 | 1,152 | 1,151 | 1,117 | 1,082 | 1,044 | 1,011 | 969 | 908 | 883 | 850 | 824 | 820 | 803 | 793 | 784 | 775 | 765 | 757 | 746 |
| S&GA Expenses | 0.3% | 23.00 | 23.00 | 24.00 | 22.00 | 22.00 | 22.00 | 24.00 | 23.00 | 22.00 | 20.00 | 17.00 | 17.00 | 16.00 | 16.00 | 16.00 | 15.00 | 14.00 | 13.00 | 13.00 | 12.00 | 12.00 |
| EBITDA | -100.0% | - | 620 | 614 | 603 | 597 | 593 | 569 | 553 | 524 | 498 | 494 | 488 | 498 | 496 | 544 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.43* | 0.42* | 0.42* | 0.43* | 0.44* | 0.45* | 0.45* | 0.45* | 0.45* | 0.45* | 0.45* | 0.47* | 0.47* | 0.52* | - | - | - | - | - | - |
| Interest Expenses | 4.2% | 127 | 122 | 117 | 113 | 111 | 110 | 109 | 106 | 104 | 103 | 103 | 104 | 104 | 104 | 104 | 104 | 105 | 106 | 105 | 104 | 103 |
| Earnings Before Taxes | 0.6% | 296 | 295 | 295 | 287 | 291 | 291 | 272 | 270 | 249 | 234 | 236 | 228 | 241 | 239 | 287 | 282 | 276 | 277 | 221 | 216 | 212 |
| EBT Margin | -100.0% | - | 0.20* | 0.20* | 0.20* | 0.21* | 0.22* | 0.21* | 0.22* | 0.21* | 0.21* | 0.22* | 0.21* | 0.23* | 0.23* | 0.28* | - | - | - | - | - | - |
| Net Income | 0.5% | 300 | 298 | 299 | 291 | 295 | 294 | 276 | 276 | 255 | 240 | 241 | 228 | 243 | 243 | 293 | 288 | 276 | 273 | 213 | 207 | 200 |
| Net Income Margin | -100.0% | - | 0.20* | 0.21* | 0.20* | 0.21* | 0.22* | 0.22* | 0.23* | 0.22* | 0.22* | 0.22* | 0.21* | 0.23* | 0.23* | 0.28* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 616 | 599 | 629 | 621 | 599 | 595 | 559 | 557 | 509 | 467 | 455 | 438 | 446 | 444 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.2% | 5,586 | 5,519 | 5,493 | 5,405 | 5,400 | 5,265 | 5,308 | 4,982 | 4,824 | 4,786 | 4,419 | 4,260 | 4,268 | 4,212 | 4,151 | 4,137 | 4,014 | 4,009 | 3,926 | 3,855 | 3,700 |
| Cash Equivalents | -8.3% | 28.00 | 31.00 | 22.00 | 31.00 | 42.00 | 38.00 | 123 | 40.00 | 45.00 | 92.00 | 24.00 | 114 | 120 | 97.00 | 29.00 | 42.00 | 90.00 | 144 | 69.00 | 121 | 54.00 |
| Liabilities | 1.9% | 4,083 | 4,006 | 3,975 | 3,886 | 3,878 | 3,734 | 3,822 | 3,673 | 3,522 | 3,481 | 3,114 | 2,961 | 2,961 | 2,892 | 2,829 | 2,818 | 2,707 | 2,752 | 2,732 | 2,665 | 2,598 |
| Shareholder's Equity | -5.4% | 1,432 | 1,513 | 1,445 | 1,447 | 1,522 | 1,530 | 1,486 | 1,309 | 1,302 | 1,304 | 1,305 | 1,299 | 1,307 | 1,321 | 1,322 | 1,320 | 1,307 | 1,257 | 1,193 | 1,191 | 1,102 |
| Additional Paid-In Capital | 0.5% | 1,638 | 1,630 | 1,629 | 1,626 | 1,623 | 1,619 | 1,593 | 1,428 | 1,424 | 1,412 | 1,411 | 1,408 | 1,406 | 1,403 | 1,403 | 1,400 | 1,398 | 1,332 | 1,328 | 1,326 | 1,248 |
| Shares Outstanding | 0.0% | 186 | 186 | 186 | 186 | 186 | 186 | 186 | 183 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 180 | 180 | 180 | 178 | 177 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -11.0% | 439 | 493 | 476 | 543 | 484 | 513 | 509 | 510 | 508 | 460 | 417 | 455 | 438 | 446 | 444 | 439 | 429 | 420 | 414 | 399 | 395 |
| Share Based Compensation | 43.4% | 20.00 | 14.00 | 9.00 | 9.00 | 8.00 | 8.00 | 13.00 | 11.00 | 11.00 | 11.00 | 12.00 | 12.00 | 12.00 | 11.00 | 10.00 | 10.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 |
| Cashflow From Investing | 23.7% | -304 | -398 | -402 | -549 | -604 | -581 | -828 | -917 | -770 | -702 | -401 | -236 | -382 | -415 | -352 | -431 | -351 | -334 | -398 | -412 | -357 |
| Cashflow From Financing | -46.5% | -148 | -101 | -174 | -3.64 | 118 | 16.00 | 419 | 334 | 188 | 238 | -20.96 | -146 | -26.03 | -78.25 | -131 | -86.37 | -40.80 | -23.62 | 17.00 | 52.00 | -56.71 |
| Dividend Payments | 2.3% | 312 | 305 | 296 | 286 | 277 | 267 | 262 | 258 | 253 | 250 | 243 | 236 | 230 | 222 | 216 | 210 | 203 | 196 | 190 | 184 | 177 |
| Buy Backs | -100.0% | - | 8.00 | 3.00 | - | - | 14.00 | 3.00 | - | - | 11.00 | 4.00 | - | - | 16.00 | 0.00 | - | - | 0.00 | 3.00 | - | - |
ELS Income Statement
2023-06-30Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Rental income | $ 288,655 | $ 275,330 | $ 585,106 | $ 560,395 |
| Other income | 17,911 | 14,195 | 35,625 | 27,736 |
| Interest income | 2,259 | 1,722 | 4,347 | 3,481 |
| Income from other investments, net | 2,473 | 2,617 | 4,564 | 4,521 |
| Total revenues | 370,014 | 365,305 | 739,966 | 725,507 |
| Expenses: | ||||
| Property operating and maintenance | 122,214 | 114,307 | 234,697 | 218,299 |
| Real estate taxes | 18,832 | 19,182 | 37,148 | 38,639 |
| Membership sales and marketing | 5,521 | 5,452 | 10,359 | 9,783 |
| Depreciation and amortization | 51,464 | 50,796 | 101,966 | 100,190 |
| Home selling expenses and ancillary operating expenses | 7,170 | 7,584 | 14,094 | 14,066 |
| General and administrative | 16,607 | 11,679 | 28,268 | 23,750 |
| Casualty-related charges/(recoveries), net | 0 | 0 | 0 | 0 |
| Other expenses | 1,381 | 4,205 | 2,849 | 5,251 |
| Early debt retirement | 0 | 640 | 0 | 1,156 |
| Interest and related amortization | 33,122 | 28,053 | 65,710 | 55,517 |
| Total expenses | 304,938 | 301,968 | 586,323 | 575,291 |
| Loss on sale of real estate and impairment, net | 0 | 0 | (2,632) | 0 |
| Income before equity in income of unconsolidated joint ventures | 65,076 | 63,337 | 151,011 | 150,216 |
| Equity in income of unconsolidated joint ventures | 973 | 1,253 | 1,497 | 1,424 |
| Consolidated net income | 66,049 | 64,590 | 152,508 | 151,640 |
| Income allocated to non-controlling interests – Common OP Units | (3,121) | (3,073) | (7,209) | (7,217) |
| Redeemable perpetual preferred stock dividends | (8) | (8) | (8) | (8) |
| Net income available for Common Stockholders | 62,920 | 61,509 | 145,291 | 144,415 |
| Other comprehensive income (loss): | ||||
| Adjustment for fair market value of swap | 2,186 | 2,793 | (1,792) | 12,717 |
| Consolidated comprehensive income | 68,235 | 67,383 | 150,716 | 164,357 |
| Comprehensive income allocated to non-controlling interests – Common OP Units | (3,225) | (3,207) | (7,124) | (7,823) |
| Comprehensive income attributable to Common Stockholders | $ 65,002 | $ 64,168 | $ 143,584 | $ 156,526 |
| Earnings per Common Share – Basic (in usd per share) | $ 0.34 | $ 0.33 | $ 0.78 | $ 0.78 |
| Earnings per Common Share – Fully Diluted (in usd per share) | $ 0.34 | $ 0.33 | $ 0.78 | $ 0.78 |
| Weighted average common shares outstanding – basic (in shares) | 186,023 | 185,767 | 185,962 | 185,729 |
| Weighted average common shares outstanding – fully diluted (in shares) | 195,430 | 195,227 | 195,388 | 195,253 |
| Annual membership subscriptions | ||||
| Revenues: | ||||
| Contract revenue | $ 16,189 | $ 15,592 | $ 32,159 | $ 30,749 |
| Membership upgrade sales | ||||
| Revenues: | ||||
| Contract revenue | 3,614 | 3,168 | 7,119 | 6,235 |
| Home sales, brokered resales and ancillary services | ||||
| Revenues: | ||||
| Contract revenue | 38,913 | 52,681 | 71,046 | 92,390 |
| Expenses: | ||||
| Cost of services | 29,268 | 40,971 | 52,409 | 71,670 |
| Property management | ||||
| Expenses: | ||||
| Cost of services | $ 19,359 | $ 19,099 | $ 38,823 | $ 36,970 |
ELS Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Investment in real estate: | ||
| Land | $ 2,088,511 | $ 2,084,532 |
| Land improvements | 4,237,327 | 4,115,439 |
| Buildings and other depreciable property | 1,223,492 | 1,169,590 |
| Investment in real estate | 7,549,330 | 7,369,561 |
| Accumulated depreciation | (2,355,031) | (2,258,540) |
| Net investment in real estate | 5,194,299 | 5,111,021 |
| Cash and restricted cash | 28,107 | 22,347 |
| Notes receivable, net | 47,375 | 45,356 |
| Investment in unconsolidated joint ventures | 82,423 | 81,404 |
| Deferred commission expense | 51,978 | 50,441 |
| Other assets, net | 181,805 | 181,950 |
| Total Assets | 5,585,987 | 5,492,519 |
| Liabilities: | ||
| Mortgage notes payable, net | 2,748,807 | 2,693,167 |
| Term loan, net | 497,195 | 496,817 |
| Unsecured line of credit | 205,000 | 198,000 |
| Accounts payable and other liabilities | 172,851 | 175,148 |
| Deferred membership revenue | 210,242 | 197,743 |
| Accrued interest payable | 12,305 | 11,739 |
| Rents and other customer payments received in advance and security deposits | 148,989 | 122,318 |
| Distributions payable | 87,486 | 80,102 |
| Total Liabilities | 4,082,875 | 3,975,034 |
| Stockholders' Equity: | ||
| Preferred stock, $0.01 par value, 10,000,000 shares authorized as of June 30, 2023 and December 31, 2022; none issued and outstanding. | 0 | 0 |
| Common stock, $0.01 par value, 600,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 186,273,876 and 186,120,298 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively. | 1,916 | 1,916 |
| Paid-in capital | 1,638,354 | 1,628,618 |
| Distributions in excess of accumulated earnings | (225,640) | (204,248) |
| Accumulated other comprehensive income | 17,327 | 19,119 |
| Total Stockholders’ Equity | 1,431,957 | 1,445,405 |
| Non-controlling interests – Common OP Units | 71,155 | 72,080 |
| Total Equity | 1,503,112 | 1,517,485 |
| Total Liabilities and Equity | $ 5,585,987 | $ 5,492,519 |
We are a self-administered, self-managed real estate investment trust (“REITÂâ€) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.