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ELS

Equity LifeStyle Properties NYSE:ELS Stock Report

Last Price

US$73.72

Market Cap

US$14.4b

7D

0.3%

1Y

-11.7%

Updated

06 Aug, 2022

Data

Company Financials +
ELS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health1/6
Dividends4/6

ELS Stock Overview

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago.

Equity LifeStyle Properties Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Equity LifeStyle Properties
Historical stock prices
Current Share PriceUS$73.72
52 Week HighUS$88.70
52 Week LowUS$67.57
Beta0.60
1 Month Change0.83%
3 Month Change0.67%
1 Year Change-11.66%
3 Year Change11.66%
5 Year Change71.14%
Change since IPO2,006.29%

Recent News & Updates

Jul 27
Here's Why We Think Equity LifeStyle Properties (NYSE:ELS) Is Well Worth Watching

Here's Why We Think Equity LifeStyle Properties (NYSE:ELS) Is Well Worth Watching

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Jul 26

Equity Lifestyle Properties declares $0.41 dividend

Equity Lifestyle Properties (NYSE:ELS) declares $0.41/share quarterly dividend, in line with previous. Forward yield 2.29% Payable Oct. 14; for shareholders of record Sept. 30; ex-div Sept. 29. See ELS Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

ELSUS REITsUS Market
7D0.3%-1.9%1.0%
1Y-11.7%-8.0%-12.9%

Return vs Industry: ELS underperformed the US REITs industry which returned -8% over the past year.

Return vs Market: ELS exceeded the US Market which returned -12.8% over the past year.

Price Volatility

Is ELS's price volatile compared to industry and market?
ELS volatility
ELS Average Weekly Movement3.5%
REITs Industry Average Movement4.4%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

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.

About the Company

FoundedEmployeesCEOWebsite
19924,100Marguerite Naderhttps://www.equitylifestyleproperties.com

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.

Equity LifeStyle Properties Fundamentals Summary

How do Equity LifeStyle Properties's earnings and revenue compare to its market cap?
ELS fundamental statistics
Market CapUS$14.40b
Earnings (TTM)US$280.59m
Revenue (TTM)US$1.37b

48.9x

P/E Ratio

10.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELS income statement (TTM)
RevenueUS$1.37b
Cost of RevenueUS$687.59m
Gross ProfitUS$679.15m
Other ExpensesUS$398.56m
EarningsUS$280.59m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.51
Gross Margin49.69%
Net Profit Margin20.53%
Debt/Equity Ratio214.8%

How did ELS perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

54%

Payout Ratio

Does ELS pay a reliable dividends?

See ELS dividend history and benchmarks
When do you need to buy ELS by to receive an upcoming dividend?
Equity LifeStyle Properties dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateOct 14 2022
Days until Ex dividend52 days
Days until Dividend pay date67 days

Does ELS pay a reliable dividends?

See ELS dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is ELS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ELS?

Other financial metrics that can be useful for relative valuation.

ELS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.5x
Enterprise Value/EBITDA27.9x
PEG Ratio7.5x

Price to Earnings Ratio vs Peers

How does ELS's PE Ratio compare to its peers?

ELS PE Ratio vs Peers
The above table shows the PE ratio for ELS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average58x
AMH American Homes 4 Rent
65.5x10.3%US$14.8b
CPT Camden Property Trust
17.9x-28.8%US$14.8b
UDR UDR
101.5x26.2%US$16.2b
ESS Essex Property Trust
47.1x12.4%US$18.8b
ELS Equity LifeStyle Properties
48.9x6.5%US$14.4b

Price-To-Earnings vs Peers: ELS is good value based on its Price-To-Earnings Ratio (48.9x) compared to the peer average (58x).


Price to Earnings Ratio vs Industry

How does ELS's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Earnings vs Industry: ELS is expensive based on its Price-To-Earnings Ratio (48.9x) compared to the US REITs industry average (31.2x)


Price to Earnings Ratio vs Fair Ratio

What is ELS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.9x
Fair PE Ratio40.6x

Price-To-Earnings vs Fair Ratio: ELS is expensive based on its Price-To-Earnings Ratio (48.9x) compared to the estimated Fair Price-To-Earnings Ratio (40.6x).


Share Price vs Fair Value

What is the Fair Price of ELS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ELS ($73.72) is trading below our estimate of fair value ($89.44)

Significantly Below Fair Value: ELS is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Equity LifeStyle Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELS's forecast earnings growth (6.5% per year) is above the savings rate (1.9%).

Earnings vs Market: ELS's earnings (6.5% per year) are forecast to grow slower than the US market (12.8% per year).

High Growth Earnings: ELS's earnings are forecast to grow, but not significantly.

Revenue vs Market: ELS's revenue (6.1% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: ELS's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELS's Return on Equity is forecast to be high in 3 years time (23.5%)


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Past Performance

How has Equity LifeStyle Properties performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ELS has high quality earnings.

Growing Profit Margin: ELS's current net profit margins (20.5%) are higher than last year (20.2%).


Past Earnings Growth Analysis

Earnings Trend: ELS's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: ELS's earnings growth over the past year (16.2%) exceeds its 5-year average (7% per year).

Earnings vs Industry: ELS earnings growth over the past year (16.2%) underperformed the REITs industry 47.6%.


Return on Equity

High ROE: ELS's Return on Equity (19.4%) is considered low.


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Financial Health

How is Equity LifeStyle Properties's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ELS's short term assets ($100.6M) do not cover its short term liabilities ($297.6M).

Long Term Liabilities: ELS's short term assets ($100.6M) do not cover its long term liabilities ($3.6B).


Debt to Equity History and Analysis

Debt Level: ELS's net debt to equity ratio (212.6%) is considered high.

Reducing Debt: ELS's debt to equity ratio has increased from 187.2% to 214.8% over the past 5 years.

Debt Coverage: ELS's debt is not well covered by operating cash flow (19%).

Interest Coverage: ELS's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


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Dividend

What is Equity LifeStyle Properties's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.22%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 07 2022Ex Dividend DateSep 29 2022Dividend Pay DateOct 14 202215 days from Ex DividendBuy in the next 52 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ELS's dividend (2.22%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: ELS's dividend (2.22%) is low compared to the top 25% of dividend payers in the US market (4.09%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.3%), ELS's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (51.6%), ELS's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

10.0yrs

Average management tenure


CEO

Marguerite Nader (53 yo)

10.25yrs

Tenure

US$4,138,489

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 ($USD4.14M) is below average for companies of similar size in the US market ($USD13.00M).

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 (10 years average tenure).


Board Members

Experienced Board: ELS's board of directors are seasoned and experienced ( 11.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Equity LifeStyle Properties, Inc.'s 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$14.403b
  • Market Cap: US$13.718b
  • Shares outstanding: 195.37m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.