Equity LifeStyle Properties
Market Cap
US$12.5b
Last Updated
2021/04/12 22:09 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 +/- 3% a week.
Volatility Over Time: ELS's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
0.8%
ELS
0.3%
US REITs
2.1%
US Market
1 Year Return
6.5%
ELS
18.3%
US REITs
56.3%
US Market
Return vs Industry: ELS underperformed the US REITs industry which returned 18.3% over the past year.
Return vs Market: ELS underperformed the US Market which returned 56.3% over the past year.
Shareholder returns
| ELS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | 0.3% | 2.1% |
| 30 Day | 5.2% | 2.5% | 2.4% |
| 90 Day | 8.3% | 14.5% | 6.8% |
| 1 Year | 8.9%6.5% | 23.3%18.3% | 59.1%56.3% |
| 3 Year | 59.4%49.2% | 41.9%24.7% | 65.7%55.1% |
| 5 Year | 107.0%84.8% | 46.8%17.2% | 122.3%97.7% |
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
2 weeks ago | Simply Wall St
A Closer Look At Equity LifeStyle Properties, Inc.'s (NYSE:ELS) Impressive ROE1 month ago | Simply Wall St
Have Insiders Been Selling Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares?2 months ago | Simply Wall St
Shareholders Of Equity LifeStyle Properties (NYSE:ELS) Must Be Happy With Their 101% Total ReturnValuation
Is Equity LifeStyle Properties undervalued compared to its fair value and its price relative to the market?
52.24x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ELS ($65.1) is trading above our estimate of fair value ($53.36)
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 (51.9x) compared to the US REITs industry average (46.5x).
PE vs Market: ELS is poor value based on its PE Ratio (51.9x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: ELS is poor value based on its PEG Ratio (5.1x)
Price to Book Ratio
PB vs Industry: ELS is overvalued based on its PB Ratio (9.6x) compared to the US REITs industry average (1.8x).
Future Growth
How is Equity LifeStyle Properties forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
10.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELS's forecast earnings growth (10.1% per year) is above the savings rate (2%).
Earnings vs Market: ELS's earnings (10.1% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: ELS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ELS's revenue (4.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: ELS's revenue (4.1% 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
Past Performance
How has Equity LifeStyle Properties performed over the past 5 years?
11.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELS has high quality earnings.
Growing Profit Margin: ELS's current net profit margins (20.8%) are lower than last year (26.6%).
Past Earnings Growth Analysis
Earnings Trend: ELS's earnings have grown by 11.6% 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 (-18.1%) over the past year, making it difficult to compare to the REITs industry average (-4.4%).
Return on Equity
High ROE: ELS's Return on Equity (18.5%) is considered low.
Financial Health
How is Equity LifeStyle Properties's financial position?
Financial Position Analysis
Short Term Liabilities: ELS's short term assets ($59.9M) do not cover its short term liabilities ($414.8M).
Long Term Liabilities: ELS's short term assets ($59.9M) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: ELS's debt to equity ratio (204.4%) is considered high.
Reducing Debt: ELS's debt to equity ratio has reduced from 214.1% to 204.4% over the past 5 years.
Debt Coverage: ELS's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: ELS's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
Dividend
What is Equity LifeStyle Properties's current dividend yield, its reliability and sustainability?
2.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ELS's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: ELS's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (3.5%).
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 (59.8%), 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 (63.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.2yrs
Average management tenure
CEO
Marguerite Nader (51 yo)
8.17yrs
Tenure
US$3,856,959
Compensation
Mrs. Marguerite M. Nader has been the President of Equity LifeStyle Properties, Inc. since May 10, 2012 and has been its Chief Executive Officer since February 1, 2013. Mrs. Nader serves as an Independent ...
CEO Compensation Analysis
Compensation vs Market: Marguerite's total compensation ($USD3.86M) is below average for companies of similar size in the US market ($USD10.98M).
Compensation vs Earnings: Marguerite's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ELS's management team is seasoned and experienced (8.2 years average tenure).
Board Members
Experienced Board: ELS's board of directors are considered experienced (5.4 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$12.550b
- Market Cap: US$11.868b
- Shares outstanding: 192.78m
- 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
Biography
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 Br...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/12 22:09 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.