Jun 30, 2020

ELS Q2 2020 Earnings Report

ELS reported strong operating performance in the second quarter of 2020.

Key Takeaways

Equity LifeStyle Properties reported a revenue increase of $5.7 million, or 2.3 percent, to $254.1 million compared to $248.4 million for the same period in 2019. Net income available for Common Stockholders decreased $0.2 million, or $0.01 per Common Share, to $46.2 million, or $0.25 per Common Share.

Total revenues increased $5.7 million, or 2.3 percent, to $254.1 million.

Net income available for Common Stockholders decreased $0.2 million, or $0.01 per Common Share, to $46.2 million, or $0.25 per Common Share.

Property operating revenues, excluding deferrals, increased $6.3 million to $247.0 million.

Income from property operations, excluding deferrals and property management, increased $3.7 million to $139.4 million.

Total Revenue
$143M
Previous year: $136M
+4.7%
EPS
$0.47
Previous year: $0.48
-2.1%
Total Sites
156.7K
Occupied Sites
68.61K
Monthly Base Rent/Site
$693
Gross Profit
$126M
Previous year: $124M
+1.7%
Cash and Equivalents
$120M
Previous year: $90.5M
+32.7%
Total Assets
$4.27B
Previous year: $4.01B
+6.3%

ELS

ELS

ELS Revenue by Segment

Forward Guidance

This report does not contain forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income