Equity Lifestyle Properties Inc
ELS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @& | LOCK|P#& | LOCK|pTh@Zw |
Equity Lifestyle Should Produce Solid Revenue Growth as Baby Boomers Seek Affordable Vacation Homes
Business Strategy and Outlook
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company’s properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company’s properties either being age-restricted or having an average resident age over 55.
