NYSE$ELS

Equity LifeStyle Properties Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$254M

Previous: $248M+2.3%
EPS (adj)

$0.47

Previous: $0.48-2.1%
Total Sites

156.7K

No prior period
Occupied Sites

68.6K

No prior period
Monthly Rent per Site

$693.00

No prior period
Capital Expenditures

-$60.4M

Previous: -$38.5M-57.1%
Free Cash Flow

-$60.4M

Previous: $10.6M-669.0%
Net Income

$0.00

Previous: $49.1M-100.0%
Operating Income

$153M

Previous: $150M+2.5%
Gross Profit

$169M

Previous: $163M+3.3%
Cash & Equivalents

$120M

Previous: $90.5M+32.7%
Total Assets

$4.27B

Previous: $4.01B+6.3%
Stock-Based Comp

$2.29M

Previous: $2.63M-12.9%

Revenue & EPS history

ELS · Revenue · Quarterly

$254M

Q2 2020+2.3%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

ELS · $257M total across 7 segments · Q2 2020

  • Rental Income
    $218M
  • Annual Memberships
    $13M
  • Other Income
    $9.68M
  • Home Sales & Services
    $8.87M
  • Membership Upgrades
    $5.05M
  • Interest Income
    $1.79M
  • Other Investments
    $1.02M

Forward guidance

This report does not contain forward guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.4%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.1%

Avg return

30 days after

59%

41 / 69 earnings

Positive

+6.1%

Q1 2023

Best reaction

-7.0%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%-0.4%+1.1%
Q4 2025+1.3%+4.4%+7.0%
Q3 2025-3.8%-4.2%-0.6%
Q2 2025+0.6%+0.5%+2.0%
Q1 2025-1.1%-2.1%-1.6%
Q4 2024-3.9%-5.6%-1.5%
Q3 2024-1.8%-0.8%+1.0%
Q2 2024-2.2%-1.2%+4.8%
Q1 2024-1.5%-3.5%+2.2%
Q4 2023+1.7%-2.5%-1.8%
Q3 2023+5.3%+0.4%+7.4%
Q2 2023-2.2%+6.8%-0.8%
Q1 2023+6.1%+7.2%+3.7%
Q4 2022+4.0%+5.3%-3.9%
Q3 2022+3.2%-2.8%+6.2%
Q2 2022-3.6%-2.1%+5.0%
Q1 2022+3.1%+3.0%-11.0%
Q4 2021-1.1%-0.1%-5.6%
Q3 2021+1.0%+3.0%+1.4%
Q2 2021+1.7%+2.9%+2.8%
Q1 2021+1.6%+1.7%+2.8%
Q4 2020+1.9%-3.9%-2.2%
Q3 2020-2.1%-2.5%-4.9%
Q2 2020-2.3%+2.3%+1.2%
Q1 2020-7.0%-4.7%-4.9%
Q4 2019+0.4%+0.9%+2.5%
Q3 2019-1.6%-0.2%+3.1%
Q2 2019+1.5%+0.8%+11.0%
Q1 2019-0.2%+2.0%+3.6%
Q4 2018+1.8%+3.5%+5.4%
Q3 2018-0.3%+1.5%+3.5%
Q2 2018-1.5%-1.5%+3.3%
Q1 2018+0.7%+2.8%+1.0%
Q4 2017-0.9%-1.4%-1.6%
Q3 2017-0.4%-0.5%+1.4%
Q2 2017+1.0%+2.6%+2.5%
Q1 2017+3.0%+2.7%+3.9%
Q4 2016+2.4%+2.5%+4.6%
Q3 2016+0.6%+0.5%-8.2%
Q2 2016+1.1%+0.5%-2.9%
Q1 2016+3.1%
Q4 2015-1.7%
Q3 2015+0.6%
Q2 2015+0.9%
Q1 2015+1.8%
Q4 2014+0.9%
Q3 2014+4.0%
Q2 2014-1.4%
Q1 2014+0.8%
Q4 2013+2.7%
Q3 2013+3.4%
Q2 2013-0.5%
Q1 2013-0.5%
Q4 2012+2.0%
Q3 2012-0.3%
Q2 2012+0.4%
Q1 2012+0.5%
Q4 2011+0.7%
Q3 2011-5.0%
Q2 2011+2.4%
Q1 2010-0.8%
Q1 2011+1.9%
Q4 2008+0.7%
Q4 2010+0.7%
Q3 2009+4.0%
Q3 2010+4.0%
Q4 2009-0.7%
Q2 2010-0.7%
Q2 2009-0.7%

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