Equity LifeStyle Properties
Market Cap
US$14.9b
Last Updated
2020/02/22 01:18 UTC
Data Sources
Company Financials +
Executive Summary
We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1.7% per year for the next 3 years
Snowflake Analysis
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has Equity LifeStyle Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ELS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.4%
ELS
-0.2%
US REITs
0.06%
US Market
1 Year Return
40.4%
ELS
15.9%
US REITs
19.3%
US Market
Return vs Industry: ELS exceeded the US REITs industry which returned 15.9% over the past year.
Return vs Market: ELS exceeded the US Market which returned 19.3% over the past year.
Shareholder returns
| ELS | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | -0.2% | 0.06% |
| 30 Day | 7.2% | 3.7% | 1.7% |
| 90 Day | 10.3% | 7.8% | 9.0% |
| 1 Year | 43.2%40.4% | 20.6%15.9% | 21.8%19.3% |
| 3 Year | 107.4%94.0% | 37.5%20.3% | 49.5%39.9% |
| 5 Year | 221.1%185.9% | 59.9%27.0% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Equity LifeStyle Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Equity LifeStyle Properties (NYSE:ELS) Shareholders Have Enjoyed An Impressive 180% Share Price Gain3 weeks ago | Simply Wall St
Equity LifeStyle Properties, Inc. Just Beat EPS By 5.8%: Here's What Analysts Think Will Happen Next1 month ago | Simply Wall St
Here's Why I Think Equity LifeStyle Properties (NYSE:ELS) Is An Interesting StockValuation
Is Equity LifeStyle Properties undervalued compared to its fair value and its price relative to the market?
49.89x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ELS ($77.28) is trading above our estimate of fair value ($48.24)
Significantly Below Fair Value: ELS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ELS is poor value based on its PE Ratio (50.1x) compared to the REITs industry average (37.2x).
PE vs Market: ELS is poor value based on its PE Ratio (50.1x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: ELS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ELS is overvalued based on its PB Ratio (11.3x) compared to the US REITs industry average (2.1x).
Next Steps
Future Growth
How is Equity LifeStyle Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-1.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELS's earnings are forecast to decline over the next 3 years (-1.7% per year).
Earnings vs Market: ELS's earnings are forecast to decline over the next 3 years (-1.7% per year).
High Growth Earnings: ELS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ELS's revenue (2.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: ELS's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ELS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Equity LifeStyle Properties performed over the past 5 years?
18.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELS has a large one-off gain of $51.0M impacting its December 31 2019 financial results.
Growing Profit Margin: ELS's current net profit margins (26.7%) are higher than last year (21.4%).
Past Earnings Growth Analysis
Earnings Trend: ELS's earnings have grown by 18.1% per year over the past 5 years.
Accelerating Growth: ELS's earnings growth over the past year (31.3%) exceeds its 5-year average (18.1% per year).
Earnings vs Industry: ELS earnings growth over the past year (31.3%) exceeded the REITs industry 6.7%.
Return on Equity
High ROE: Whilst ELS's Return on Equity (22.39%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Equity LifeStyle Properties's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ELS has a high level of physical assets or inventory.
Debt Coverage by Assets: ELS's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: ELS's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ELS has a sufficient allowance for bad loans.
Low Risk Liabilities: ELS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ELS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ELS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ELS has an appropriate level of bad loans.
Next Steps
Dividend
What is Equity LifeStyle Properties's current dividend yield, its reliability and sustainability?
1.78%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Equity LifeStyle Properties before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ELS's dividend (1.77%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: ELS's dividend (1.77%) is low compared to the top 25% of dividend payers in the US market (3.71%).
Stability and Growth of Payments
Stable Dividend: ELS's dividend payments have been volatile in the past 10 years.
Growing Dividend: ELS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.7%), ELS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ELS's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Marguerite Nader (50yo)
7yrs
Tenure
US$4,157,015
Compensation
Mrs. Marguerite M. Nader has been the President of Equity LifeStyle Properties, Inc. since May 10, 2012 and has been its Chief Executive Officer since February 1, 2013. Previously, Mrs. Nader served as the ...
CEO Compensation Analysis
Compensation vs Market: Marguerite's total compensation ($USD4.16M) is below average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: Marguerite's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7yrs | US$4.16m | 0.13% $19.2m | |
| Executive VP | 7.3yrs | US$3.34m | 0.082% $12.3m | |
| Executive VP & COO | 7yrs | US$3.34m | 0.11% $15.9m | |
| Executive Vice President of Investments | 3.9yrs | US$2.31m | 0.15% $21.8m | |
| VP & Chief Accounting Officer | 3.2yrs | no data | no data | |
| Vice President of Treasury | 0yrs | no data | no data | |
| Executive VP | 0yrs | no data | 0.030% $4.4m | |
| Senior Vice President of Sales | 7.6yrs | no data | no data | |
| Executive VP & Chief Marketing Officer | 4.1yrs | no data | 0.017% $2.5m | |
| Senior Vice President of Revenue Management | 7.6yrs | no data | no data |
7.0yrs
Average Tenure
50yo
Average Age
Experienced Management: ELS's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7yrs | US$4.16m | 0.13% $19.2m | |
| Independent Director | 4.3yrs | US$146.22k | 0.016% $2.3m | |
| Lead Director | 18.1yrs | US$232.47k | 0.63% $93.5m | |
| Vice Chairman of the Board | 7yrs | US$197.67k | 0.22% $32.1m | |
| Independent Director | 14.3yrs | US$208.04k | 0.11% $16.5m | |
| Independent Director | 11yrs | US$184.95k | 0.020% $2.9m | |
| Chairman of the Board | 24.9yrs | US$4.02m | 0.66% $98.9m | |
| Independent Director | 1.6yrs | US$71.85k | 0.0033% $495.6k | |
| Independent Director | 2.3yrs | US$168.05k | 0.0026% $379.5k | |
| Independent Director | 0yrs | no data | no data |
7.0yrs
Average Tenure
56yo
Average Age
Experienced Board: ELS's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ELS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Equity LifeStyle Properties, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Equity LifeStyle Properties, Inc.
- Ticker: ELS
- Exchange: NYSE
- Founded: 1992
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$14.883b
- Market Cap: US$14.072b
- Shares outstanding: 192.58m
- Website: https://www.equitylifestyleproperties.com
Number of Employees
Location
- Equity LifeStyle Properties, Inc.
- Two North Riverside Plaza
- Suite 800
- Chicago
- Illinois
- 60606
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ELS | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Feb 1993 |
| MHV | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Feb 1993 |
Biography
We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 27, 2020, we own or have an interest in 413 quality properties in 33 states and British Columbia consisting of 156,513 sites.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/22 01:18 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.