Equity Lifestyle Earnings: Revenue Growth Remains Above 5% While Operating Expenses Only Up 1%
Equity Lifestyle reported normalized funds from operations of $0.79 per share and same-store net operating income growth of 6.7% for the third quarter.
Equity Lifestyle Properties Inc ELS
Bulls Say, Bears Say
Bulls
An aging population supports rent and NOI growth at a spread above inflation.
Bears
Demand for the sector has already peaked and will flatten out as the target demographic turns 80, which will cause many to sell their residences as they instead move to senior housing facilities.
News
Trading Information
- Previous Close Price
- $59.16
- Day Range
- $59.09–61.49
- 52-Week Range
- $57.46–68.85
- Bid/Ask
- $61.28 / $61.38
- Shares Outstanding
- 194.06M
- Market Cap
- $11.92B
- Volume/Avg
- 908,701 / 2M
Key Statistics
- Price/Earnings (Normalized)
- 29.12
- Price/Sales
- 7.90
- Dividend Yield (Trailing)
- 3.62%
- Dividend Yield (Forward)
- 3.67%
- Dividend Payment Schedule
- Jan, Apr, Jul, Oct
- Total Yield
- 3.62%
Company Profile
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company has a portfolio of 453 properties across the US with a higher concentration in the Sun Belt; 38% of its properties are in Florida, 11% in Arizona, and 10% in California. Equity Lifestyle targets owning properties in attractive retirement destinations. More than 70% of the company’s properties are either age-restricted or have an average resident age over 55.
- Sector
- Real Estate
- Industry
- REIT - Residential
- Stock Style Box
- Small Core
- Total Number of Employees
- 3,700
Competitors
Valuation
|
Metric
|
ELS
|
SUI
|
|---|---|---|
Price/Earnings (Normalized) | 29.12 | 43.48 |
Price/Book Value | 6.56 | 2.58 |
Price/Sales | 7.90 | 7.02 |
Price/Cash Flow | 19.12 | 31.57 |
Price/Earnings
ELS
SUI
Financial Strength
|
Metric
|
ELS
|
SUI
|
|---|---|---|
Quick Ratio | 0.05 | 0.51 |
Current Ratio | 0.08 | 2.09 |
Interest Coverage | 3.98 | 1.74 |
Quick Ratio
ELS
SUI
Profitability
|
Metric
|
ELS
|
SUI
|
|---|---|---|
Return on Assets (Normalized) | 7.15% | 2.83% |
Return on Equity (Normalized) | 23.49% | 5.20% |
Return on Invested Capital (Normalized) | 10.01% | 4.00% |
Return on Assets
ELS
SUI
REIT - Residential Industry Comparables
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United States