Equity LifeStyle Properties
Market Cap
US$11.6b
Last Updated
2021/01/17 00:12 UTC
Data Sources
Company Financials +
Executive Summary
We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with imperfect balance sheet.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ELS's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-1.7%
ELS
1.8%
US REITs
-1.0%
US Market
1 Year Return
-14.9%
ELS
-10.7%
US REITs
19.6%
US Market
Return vs Industry: ELS underperformed the US REITs industry which returned -10.8% over the past year.
Return vs Market: ELS underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| ELS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | 1.8% | -1.0% |
| 30 Day | -4.5% | -1.3% | 2.2% |
| 90 Day | -6.1% | 4.1% | 11.5% |
| 1 Year | -12.9%-14.9% | -6.5%-10.7% | 22.3%19.6% |
| 3 Year | 50.4%40.6% | 26.0%10.5% | 45.3%35.7% |
| 5 Year | 100.7%79.1% | 53.1%21.7% | 124.8%99.8% |
Long-Term 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 month ago | Simply Wall St
Is Equity LifeStyle Properties, Inc.'s (NYSE:ELS) 18% ROE Better Than Average?1 month ago | Simply Wall St
How Much Are Equity LifeStyle Properties, Inc. (NYSE:ELS) Insiders Taking Off The Table?Valuation
Is Equity LifeStyle Properties undervalued compared to its fair value and its price relative to the market?
49.91x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ELS ($60.01) is trading above our estimate of fair value ($54.36)
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 (49.9x) compared to the US REITs industry average (37.9x).
PE vs Market: ELS is poor value based on its PE Ratio (49.9x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: ELS is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: ELS is overvalued based on its PB Ratio (8.9x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Equity LifeStyle Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
8.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELS's forecast earnings growth (8.3% per year) is above the savings rate (2%).
Earnings vs Market: ELS's earnings (8.3% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: ELS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ELS's revenue (3.9% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: ELS's revenue (3.9% 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?
13.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELS has high quality earnings.
Growing Profit Margin: ELS's current net profit margins (20.2%) are lower than last year (26.6%).
Past Earnings Growth Analysis
Earnings Trend: ELS's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: ELS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ELS had negative earnings growth (-20.3%) over the past year, making it difficult to compare to the REITs industry average (2.9%).
Return on Equity
High ROE: ELS's Return on Equity (17.8%) is considered low.
Next Steps
Financial Health
How is Equity LifeStyle Properties's financial position?
Financial Position Analysis
Short Term Liabilities: ELS's short term assets ($152.1M) do not cover its short term liabilities ($256.3M).
Long Term Liabilities: ELS's short term assets ($152.1M) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: ELS's debt to equity ratio (192.5%) is considered high.
Reducing Debt: ELS's debt to equity ratio has reduced from 218.1% to 192.5% over the past 5 years.
Debt Coverage: ELS's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: ELS's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Dividend
What is Equity LifeStyle Properties's current dividend yield, its reliability and sustainability?
2.28%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ELS's dividend (2.28%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: ELS's dividend (2.28%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 (59.5%), 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 covered by earnings (70.8% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
Marguerite Nader (51 yo)
7.92yrs
Tenure
US$3,242,290
Compensation
Mrs. Marguerite M. Nader has been the President of Equity LifeStyle Properties, Inc. since May 10, 2012 and has been its Chief Executive Officer since February 1, 2013. Mrs. Nader serves as an Independent ...
CEO Compensation Analysis
Compensation vs Market: Marguerite's total compensation ($USD3.24M) is below average for companies of similar size in the US market ($USD10.56M).
Compensation vs Earnings: Marguerite's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.92yrs | US$3.24m | 0.13% $ 14.9m | |
| Executive VP & CFO | 8.25yrs | US$2.22m | 0.073% $ 8.4m | |
| Executive VP & COO | 7.92yrs | US$2.22m | 0.11% $ 12.3m | |
| Executive Vice President of Investments | 4.83yrs | US$1.65m | 0.15% $ 16.9m | |
| VP & Chief Accounting Officer | 4.08yrs | no data | no data | |
| Vice President of Treasury | no data | no data | no data | |
| Executive VP | no data | no data | 0.030% $ 3.4m | |
| Senior Vice President of Sales | 8.5yrs | no data | no data | |
| Executive VP & Chief Marketing Officer | 5yrs | no data | 0.017% $ 2.0m | |
| Senior Vice President of Revenue Management | 8.5yrs | no data | no data | |
| Senior Vice President of West Operations | 8.5yrs | no data | no data | |
| Senior Vice President of East Operations | 8.5yrs | no data | no data |
8.1yrs
Average Tenure
51yo
Average Age
Experienced Management: ELS's management team is seasoned and experienced (8.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.92yrs | US$3.24m | 0.13% $ 14.9m | |
| Independent Director | 5.17yrs | US$177.50k | 0.017% $ 2.0m | |
| Independent Director | 24.42yrs | US$172.48k | 0.61% $ 70.7m | |
| Independent Vice Chairman of the Board | 7.92yrs | US$204.92k | 0.22% $ 25.1m | |
| Lead Independent Director | 2yrs | US$260.01k | 0.11% $ 13.0m | |
| Independent Director | 11.92yrs | US$217.53k | 0.021% $ 2.4m | |
| Chairman of the Board | 25.83yrs | US$3.26m | 0.13% $ 15.3m | |
| Independent Director | 2.5yrs | US$184.97k | 0.0044% $ 510.0k | |
| Independent Director | 3.25yrs | US$179.95k | 0.0026% $ 294.9k | |
| Independent Director | 0.92yr | no data | 0.00027% $ 31.2k |
6.5yrs
Average Tenure
57yo
Average Age
Experienced Board: ELS's board of directors are considered experienced (6.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$11.564b
- Market Cap: US$10.935b
- Shares outstanding: 192.71m
- 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 October 19, 2020, we own or have an interest in 415 quality properties in 33 states and Br...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 00:12 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| 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.