Added to YB: 2023-12-12
Pitch date: 2023-12-11
ELS [bullish]
Equity LifeStyle Properties, Inc.
-7.42%
current return
Author Info
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Company Info
We are a self-administered, self-managed real estate investment trust ("REIT") with headquarters in Chicago.
Market Cap
$12.5B
Pitch Price
$67.02
Price Target
N/A
Dividend
2.92%
EV/EBITDA
21.71
P/E
33.37
EV/Sales
10.27
Sector
Residential REITs
Category
growth
Show full summary:
AGB 2023.10 - Equity Lifestyle Properties (ELS)
$ELS: Owns 450 MH/RV/marina properties, 60% rev from MH w/3.9% avg annual rate hikes. Aging boomers drive demand, zoning limits new supply. 60-80% reinvestment rate, 10-15% incremental returns. Growth via acquisitions in fragmented market. Insured for disasters but premiums a risk.
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