NYSE:ELS

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Equity LifeStyle Properties

Executive Summary

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


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

-2.4%

ELS

0.09%

US REITs

2.8%

US Market


1 Year Return

-20.6%

ELS

-8.7%

US REITs

20.7%

US Market

Return vs Industry: ELS underperformed the US REITs industry which returned -8.7% over the past year.

Return vs Market: ELS underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

ELSIndustryMarket
7 Day-2.4%0.09%2.8%
30 Day0.1%10.9%12.3%
90 Day-10.8%2.2%6.4%
1 Year-18.7%-20.6%-4.9%-8.7%23.4%20.7%
3 Year39.6%30.5%17.6%3.7%47.2%37.4%
5 Year109.6%87.0%47.3%17.6%94.1%72.7%

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

Valuation

Is Equity LifeStyle Properties undervalued compared to its fair value and its price relative to the market?

48.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELS ($58.85) is trading above our estimate of fair value ($47.16)

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 (48.9x) compared to the US REITs industry average (37.8x).

PE vs Market: ELS is poor value based on its PE Ratio (48.9x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: ELS is poor value based on its PEG Ratio (5.9x)


Price to Book Ratio

PB vs Industry: ELS is overvalued based on its PB Ratio (8.7x) 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 4 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 (2.2%).

Earnings vs Market: ELS's earnings (8.3% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: ELS's revenue (4% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: ELS's revenue (4% 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%).


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


Next Steps

Dividend

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

2.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ELS's dividend (2.33%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: ELS's dividend (2.33%) is low compared to the top 25% of dividend payers in the US market (4.08%).


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 (70.6% payout ratio).


Next Steps

Management

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

7.9yrs

Average management tenure


CEO

Marguerite Nader (51 yo)

7.75yrs

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 ($USD3.24M) is below average for companies of similar size in the US market ($USD10.83M).

Compensation vs Earnings: Marguerite's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Marguerite Nader
President7.75yrsUS$3.24m0.13%
$ 14.9m
Paul Seavey
Executive VP & CFO8.08yrsUS$2.22m0.073%
$ 8.4m
Patrick Waite
Executive VP & COO7.75yrsUS$2.22m0.11%
$ 12.3m
Roger Maynard
Executive Vice President of Investments4.67yrsUS$1.65m0.15%
$ 16.9m
Valerie Henry
VP & Chief Accounting Officer3.92yrsno datano data
Carmelina M. Stoklosa
Vice President of Treasuryno datano datano data
David Eldersveld
Executive VPno datano data0.030%
$ 3.4m
Jim Phillips
Senior Vice President of Sales8.33yrsno datano data
Larisa Drake
Executive VP & Chief Marketing Officer4.83yrsno data0.017%
$ 2.0m
Peter Underhill
Senior Vice President of Revenue Management8.33yrsno datano data
Ron Bunce
Senior Vice President of West Operations8.33yrsno datano data
Brad Nelson
Senior Vice President of East Operations8.33yrsno datano data

7.9yrs

Average Tenure

51yo

Average Age

Experienced Management: ELS's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marguerite Nader
President7.75yrsUS$3.24m0.13%
$ 14.9m
Tao Huang
Independent Director5yrsUS$177.50k0.017%
$ 2.0m
Sheli Rosenberg
Independent Director24.25yrsUS$172.48k0.61%
$ 70.6m
Thomas Heneghan
Independent Vice Chairman of the Board7.75yrsUS$204.92k0.22%
$ 25.0m
Philip Calian
Lead Independent Director1.83yrsUS$260.01k0.11%
$ 13.0m
David Contis
Independent Director11.75yrsUS$217.53k0.021%
$ 2.4m
Samuel Zell
Chairman of the Board25.67yrsUS$3.26m0.13%
$ 15.3m
Scott Peppet
Independent Director2.33yrsUS$184.97k0.0044%
$ 509.0k
Constance Freedman
Independent Director3.08yrsUS$179.95k0.0026%
$ 294.3k
Andrew Berkenfield
Independent Director0.75yrno data0.00027%
$ 31.2k

6.3yrs

Average Tenure

57yo

Average Age

Experienced Board: ELS's board of directors are considered experienced (6.3 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$11.541b
  • Market Cap: US$10.724b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELSNYSE (New York Stock Exchange)YesCommon SharesUSUSDFeb 1993
MHVDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 00:03
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.