NYSE$ELS

Equity LifeStyle Properties Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported strong performance for the quarter ended December 31, 2019.

Equity LifeStyle Properties reported a 6.2 percent increase in total revenues, reaching $258.6 million, and a rise in net income available for Common Stockholders to $55.0 million, or $0.30 per Common Share, for the quarter ended December 31, 2019.

  • Total revenues increased by $15.1 million, or 6.2 percent, to $258.6 million compared to the same period in 2018.
  • Net income available for Common Stockholders increased $4.8 million, or $0.02 per Common Share, to $55.0 million, or $0.30 per Common Share, compared to the same period in 2018.
  • Funds from Operations (FFO) available for Common Stock and OP Unit holders increased to $99.5 million, or $0.52 per Common Share, compared to the same period in 2018.
  • Normalized Funds from Operations (Normalized FFO) available for Common Stock and OP Unit holders increased to $99.5 million, or $0.52 per Common Share, compared to the same period in 2018.

Headline financials

Total Revenue

$139M

Previous: $132M+4.8%
EPS (adj)

$0.52

Previous: $0.49+6.1%
Total Sites

156.5K

No prior period
Occupied Sites

68.5K

No prior period
Occupancy Rate

94.9%

No prior period
Monthly Rent per Site

$675.00

No prior period
Net Income

$58.1M

Previous: $50.2M+15.8%
Operating Income

$57.6M

Previous: $77.1M-25.2%
Gross Profit

$134M

Previous: $128M+4.9%
Cash & Equivalents

$28.9M

Previous: $69M-58.2%
Total Assets

$4.15B

Previous: $3.93B+5.7%
Stock-Based Comp

$2.7M

Previous: $2.71M-0.2%

Revenue & EPS history

ELS · Revenue · Quarterly

$139M

Q4 2019+4.8%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

ELS · $262M total across 7 segments · Q4 2019

  • Rental Income
    $219M
  • Annual Memberships
    $13M
  • Home Sales & Services
    $11.9M
  • Other Income
    $11.2M
  • Membership Upgrades
    $4.5M
  • Interest Income
    $1.82M
  • Other Investments
    $634K

Forward guidance

Management provides guidance for the quarter ending March 31, 2020, and the year ending December 31, 2020, acknowledging volatile economic conditions.

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 Q4 2019

Historical avgQ4 2019

+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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