Morningstar

Equity Lifestyle Properties Inc ELS

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Stock XNYS Rating as of
$65.26 −0.49 (0.75%)
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As of Delayed Price Closed

Company Report

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Equity Lifestyle's Same-Store NOI Growth Expected to Remain Above Residential REIT Average

Kevin Brown

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 its properties are either age-restricted or have an average resident age over 55.

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Price vs Fair Value

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ELS is trading at a LOCK|pdyB<^ premium.
Price
$65.75
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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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.

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News

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Trading Information

Previous Close Price
$65.75
Day Range
$64.88–66.08
52-Week Range
$58.15–69.00
Bid/Ask
$43.89 / $68.30
Shares Outstanding
193.94M
Market Cap
$12.66B
Volume/Avg
1M / 2M

Key Statistics

Price/Earnings (Normalized)
32.96
Price/Sales
8.83
Dividend Yield (Trailing)
3.22%
Dividend Yield (Forward)
3.30%
Total Yield
3.24%

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
Website
https://www.equitylifestyleproperties.com

Competitors

Valuation

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Metric
ELS
SUI
Price/Earnings (Normalized)
 33.2055.79
Price/Book Value
 7.242.22
Price/Sales
 8.906.56
Price/Cash Flow
 21.5016.92
Price/Earnings
ELS
SUI

Financial Strength

Metric
ELS
SUI
Quick Ratio
 0.151.20
Current Ratio
 0.181.39
Interest Coverage
 3.890.59
Quick Ratio
ELS
SUI

Profitability

Metric
ELS
SUI
Return on Assets (Normalized)
 7.01%2.87%
Return on Equity (Normalized)
 22.91%5.54%
Return on Invested Capital (Normalized)
 9.82%4.06%
Return on Assets
ELS
SUI

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LOCK|l$!r<Q<jLOCK|mh$27B
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LOCK|$?<MWvLOCK|?p$18B
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—LOCK|#<$15B
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LOCK|QT<yRhLOCK|J%!$15B
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—LOCK|L@M^$13B
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—LOCK|@b$12B
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