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Equity LifeStyle Properties Inc Stock Research

ELS

67.13USD+1.41(+2.15%)Market Closed

Market Summary

USD67.13+1.41
Market Closed
2.15%

ELS Stock Price

ELS RSI Chart

ELS Valuation

Market Cap

12.5B

Price/Earnings (Trailing)

41.81

Price/Sales (Trailing)

8.63

EV/EBITDA

20.3

Price/Free Cashflow

20.85

ELS Price/Sales (Trailing)

ELS Profitability

EBT Margin

20.42%

Return on Equity

20.67%

Return on Assets

5.44%

Free Cashflow Yield

4.8%

ELS Fundamentals

ELS Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

1.57%

Revenue Q/Q

-10.6%

ELS Earnings

Earnings (TTM)

298.8M

Earnings Y/Y

11.38%

Earnings Q/Q

8.74%

Price Action

52 Week Range

56.9182.79
(Low)(High)

Last 7 days

4.7%

Last 30 days

1.3%

Last 90 days

3.9%

Trailing 12 Months

-11.1%

ELS Financial Health

Debt/Equity

2.26

Debt/Cashflow

0.19

ELS Investor Care

Shares Dilution (1Y)

0.26%

Diluted EPS (TTM)

1.53

Peers (Alternatives to Equity LifeStyle Properties)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
53.0B
4.2B
2.18% -18.90%
12.18
12.66
22.43% 122.66%
28.6B
4.7B
-1.36% -27.66%
75.78
6.1
5.96% -77.90%
22.7B
2.7B
-1.54% -32.08%
29.23
8.37
11.91% -41.71%
21.4B
2.6B
-12.12% -36.55%
41.11
8.28
22.46% -8.68%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
26.61% -85.07%
MID-CAP
8.0B
1.1B
-7.32% -17.18%
20.85
7.48
12.95% 47.42%
4.6B
802.0M
-3.51% -5.01%
-362.88
5.72
114.83% 84.36%
2.9B
1.8B
-21.50% -64.10%
-8.51
1.64
13.26% -296.88%
2.3B
859.2M
-11.59% -29.47%
-34.53
2.66
1.38% -563.21%
SMALL-CAP
2.0B
421.4M
4.75% 18.56%
24.12
4.86
3.35% 1705.32%
1.5B
826.7M
-29.95% -68.39%
-19.71
1.86
-2.04% -117.36%
1.1B
190.3M
3.36% 5.05%
12.23
5.92
12.08% 1950.56%
987.5M
740.4M
-12.31% -57.77%
-27.13
1.33
1.87% -78.85%

Financials for Equity LifeStyle Properties

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.4%1,4471,4421,4081,3731,316
  S&GA Expenses1.3%24.0023.0023.0022.0024.00
Costs and Expenses0.0%1,1521,1511,1171,0821,044
EBITDA1.8%614603597593-
EBITDA Margin1.5%0.42*0.42*0.43*0.44*-
Earnings Before Taxes2.9%295287291291272
EBT Margin2.6%0.20*0.20*0.21*0.22*-
Interest Expenses2.9%117113111110109
Net Income2.7%299291295294276
Net Income Margin2.3%0.21*0.20*0.21*0.22*-
Free Cahsflow-4.8%599629621599-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.6%5,4935,4055,4005,2655,308
    Cash Equivalents-26.8%22.0031.0042.0038.00123
  Goodwill-17.00----
Liabilities2.3%3,9753,8863,8783,7343,822
  Long Term Debt-3,274----
Shareholder's Equity-0.1%1,4451,4471,5221,5301,415
  Additional Paid-In Capital0.2%1,6291,6261,6231,6191,593
Shares Outstanding0.0%186186186186186
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-4.8%599629621599595
  Share Based Compensation1.5%9.009.008.008.0013.00
Cashflow From Investing17.3%-525-635-741-667-914
Cashflow From Financing-4698.2%-174-3.6411816.00419
  Dividend Payments3.4%296286277267262
  Buy Backs-75.0%3.0014.003.00--

Risks for ELS

What is the probability of a big loss on ELS?

30.4%


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

Returns for ELS

Cumulative Returns on ELS

15.7%


10-Year Cumulative Returns

11.4%


7-Year Cumulative Returns

11.0%


5-Year Cumulative Returns

7.2%


3-Year Cumulative Returns

What are the long-term rolling returns for ELS?

FIve years rolling returns for Equity LifeStyle Properties.

Annualized Returns

Which funds bought or sold ELS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
sold off
-100
-6,000
-
-%
2023-03-23
MetLife Investment Management, LLC
reduced
-2.03
3,651
516,865
-%
2023-03-17
American Portfolios Advisors
unchanged
-
-3,617
29,786
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.53
7,707,970
349,935,000
0.38%
2023-03-06
Rockefeller Capital Management L.P.
added
4.29
173,000
2,584,000
0.01%
2023-02-28
Voya Investment Management LLC
reduced
-94.95
-64,163,900
3,516,110
-%
2023-02-24
NATIXIS
reduced
-32.38
-3,230,600
7,364,400
0.04%
2023-02-24
BBJS FINANCIAL ADVISORS, LLC
new
-
486,526
486,526
0.22%
2023-02-24
National Pension Service
sold off
-100
-16,368,100
-
-%
2023-02-21
MACQUARIE GROUP LTD
added
5.75
3,487,100
45,936,100
0.05%

1–10 of 49

Latest Funds Activity

Are funds buying ELS calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ELS
No. of Funds

Equity LifeStyle Properties News

Nasdaq

Why Equity Lifestyle Properties (ELS) is a Top Dividend Stock for ....

Nasdaq,
18 hours ago

Seeking Alpha

Nasdaq

Schedule 13G FIlings of Equity LifeStyle Properties

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 08, 2021
fmr llc
-
0
SC 13G/A

ELS Fair Value

Equity LifeStyle Properties fair value in different scenarios

The table shows the Fair Value estimates for Equity LifeStyle Properties for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

26.99

-59.79%

32.69

-51.30%

42.81

-36.23%

59.99

-10.64%

78.30

16.64%
Current Inflation

24.63

-63.31%

29.39

-56.22%

37.75

-43.77%

52.04

-22.48%

67.21

0.12%
Very High Inflation

21.75

-67.60%

25.45

-62.09%

31.85

-52.55%

42.93

-36.05%

54.64

-18.61%

Historical Equity LifeStyle Properties Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Equity LifeStyle Properties

View All Filings
Date Filed Form Type Document
Mar 15, 2023
ARS
ARS
Mar 15, 2023
DEF 14A
DEF 14A
Mar 15, 2023
DEFA14A
DEFA14A
Feb 24, 2023
4
Insider Trading
Feb 21, 2023
10-K
Annual Report
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
8-K
Current Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
4
Insider Trading
Feb 09, 2023
4
Insider Trading

Latest Insider Trading transactions for ELS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-22
ZELL SAMUEL
acquired
-
-
93,333
chairman of the board
2023-02-22
ZELL SAMUEL
sold
-
-
-300,000
chairman of the board
2023-02-22
ZELL SAMUEL
gifted
-
-
-115,000
chairman of the board
2023-02-22
ZELL SAMUEL
acquired
-
-
20,001
chairman of the board
2023-02-08
Seavey Paul
gifted
-
-
-31,988
evp & chief financial officer
2023-02-08
Seavey Paul
gifted
-
-
31,988
evp & chief financial officer

1–10 of 50

Marguerite M. Nader
4100
We are a self-administered, self-managed real estate investment trust (“REIT”) 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.

ELS Income Statement

2022-12-31
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Rental income$ 1,118,601$ 1,032,575$ 923,743
Other income56,14450,29846,008
Interest income7,4307,0167,154
Income from other investments, net8,5534,5554,026
Total revenues1,447,0801,316,4031,118,803
Expenses:   
Property operating and maintenance443,157398,983354,340
Real estate taxes74,14572,67166,120
Sales and marketing, gross23,51323,74317,332
Membership sales commissions, deferred, net(3,196)(5,075)(1,660)
Depreciation and amortization202,362188,444155,131
Home selling expenses and ancillary operating expenses27,32123,53818,500
General and administrative44,85739,57639,276
Casualty-related charges/(recoveries), net000
Other expenses8,6464,2412,567
Early debt retirement1,1562,78410,786
Interest and related amortization116,562108,718102,771
Total expenses1,151,6181,044,225882,786
Gain (loss) on sale of real estate and impairment, net0(59)0
Income before equity in income of unconsolidated joint ventures295,462272,119236,017
Equity in income of unconsolidated joint ventures3,3633,8815,399
Consolidated net income298,825276,000241,416
Income allocated to non-controlling interests – Common OP Units(14,198)(13,522)(13,132)
Net income available for Common Stockholders284,611262,462228,268
Other comprehensive income (loss):   
Adjustment for fair market value of swap15,5953,524380
Consolidated comprehensive income314,420279,524241,796
Comprehensive income allocated to non-controlling interests – Common OP Units(15,005)(13,692)(13,154)
Comprehensive income attributable to Common Stockholders$ 299,399$ 265,816$ 228,626
Earnings per Common Share – Basic (usd per share)$ 1.53$ 1.43$ 1.26
Earnings per Common Share – Fully Diluted (usd per share)$ 1.53$ 1.43$ 1.25
Weighted average Common Shares outstanding – Basic (shares)185,780182,917181,828
Weighted average Common Shares outstanding – Fully Diluted (shares)195,255192,883192,555
Redeemable Perpetual Preferred  Stock   
Expenses:   
Redeemable perpetual preferred stock dividends$ (16)$ (16)$ (16)
Other comprehensive income (loss):   
Redeemable perpetual preferred stock dividends(16)(16)(16)
Annual membership subscriptions   
Revenues:   
Revenue from contract with customer63,21558,25153,085
Membership upgrade sales current period, gross   
Revenues:   
Revenue from contract with customer34,66136,27021,739
Membership upgrade sales upfront payments, deferred, net   
Revenues:   
Revenue from contract with customer(21,703)(25,079)(12,062)
Gross revenues from home sales, brokered resales and ancillary services   
Revenues:   
Revenue from contract with customer180,179152,51775,110
Expenses:   
Cost of goods and services sold139,012120,62359,656
Property management   
Expenses:   
Cost of goods and services sold$ 74,083$ 65,979$ 57,967

ELS Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investment in real estate:  
Land$ 2,084,532$ 2,019,787
Land improvements4,115,4393,879,439
Buildings and other depreciable property1,169,5901,089,838
Investment in real estate7,369,5616,989,064
Accumulated depreciation(2,258,540)(2,103,774)
Net investment in real estate5,111,0214,885,290
Cash and restricted cash22,347123,398
Notes receivable, net45,35639,955
Investment in unconsolidated joint ventures81,40470,312
Deferred commission expense50,44147,349
Other assets, net181,950141,567
Total Assets5,492,5195,307,871
Liabilities:  
Mortgage notes payable, net2,693,1672,627,783
Term loan, net496,817297,436
Unsecured line of credit198,000349,000
Accounts payable and other liabilities175,148172,285
Accrued interest payable11,7399,293
Rents and other customer payments received in advance and security deposits122,318118,696
Distributions payable80,10270,768
Total Liabilities3,975,0343,821,700
Stockholders' Equity:  
Preferred stock, $0.01 par value, 10,000,000 shares authorized as of December 31, 2022 and December 31, 2021; none issued and outstanding.00
Common stock, $0.01 par value, 600,000,000 shares authorized as of December 31, 2022 and December 31, 2021, respectively; 186,120,298 and 185,640,379 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively.1,9161,913
Paid-in capital1,628,6181,593,362
Distributions in excess of accumulated earnings(204,248)(183,689)
Accumulated other comprehensive income19,1193,524
Total Stockholders’ Equity1,445,4051,415,110
Non-controlling interests – Common OP Units72,08071,061
Total Equity1,517,4851,486,171
Total Liabilities and Equity5,492,5195,307,871
Membership upgrade sales upfront payments, deferred, net  
Liabilities:  
Deferred membership revenue$ 197,743$ 176,439