Last $40.82 USD
Change Today -0.29 / -0.71%
Volume 251.0K
ELS On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

equity lifestyle properties (ELS) Snapshot

Open
$40.95
Previous Close
$41.11
Day High
$41.05
Day Low
$40.60
52 Week High
05/22/13 - $42.86
52 Week Low
10/7/13 - $33.36
Market Cap
3.4B
Average Volume 10 Days
302.0K
EPS TTM
$1.16
Shares Outstanding
83.3M
EX-Date
03/26/14
P/E TM
35.2x
Dividend
$1.30
Dividend Yield
2.63%
Current Stock Chart for EQUITY LIFESTYLE PROPERTIES (ELS)

equity lifestyle properties (ELS) Related Businessweek News

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equity lifestyle properties (ELS) Details

Equity LifeStyle Properties, Inc. is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. Its portfolio of properties include various amenities and common facilities, such as a clubhouse, a swimming pool, laundry facilities, and cable television service, sauna/whirlpool spas, golf courses, tennis, shuffleboard and basketball courts, and exercise rooms. The firm leases developed sites to owners of manufactured homes referred to as resort homes, park models referred to as resort cottages, and recreational vehicles. It primarily invests in the markets of the United States. The firm primarily invests in land with lower maintenance costs and customer turnover costs, high quality real estate in and around major metropolitan areas, high barriers to entry, retirement and vacation destinations, growth markets, and appreciating component of real estate2. It was formerly known as Home Communities, Inc. The firm was founded in 1992 and is based in Chicago, Illinois with additional offices in Clearwater, Florida, Phoenix, Arizona, and Aurora, Colorado.

3,700 Employees
Last Reported Date: 02/24/14
Founded in 1992

equity lifestyle properties (ELS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $375.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $311.4K
Executive Vice President of Property Manageme...
Total Annual Compensation: $350.0K
Executive Vice President of Asset Management
Total Annual Compensation: $311.4K
Compensation as of Fiscal Year 2013.

equity lifestyle properties (ELS) Key Developments

Equity LifeStyle Properties, Inc. Announces Jury Verdict in California Lawsuit

Equity LifeStyle Properties, Inc. announced that on April 14, 2014, a jury in the California Superior Court for Santa Clara County, Case No. 109CV140751, entered a verdict in the total amount of $15.3 million against operating partnership in favor of certain plaintiffs who are current or former residents of California Hawaiian manufactured home property located in San Jose, California. The Property is subject to California's extensive regulations for mobilehome parks as well as the City of San Jose's mobilehome rent control ordinance. The plaintiffs, whose sites comprise only approximately 10% of the Property's total number of sites, asserted that had failed to maintain the physical improvements in the Property's common facilities in good working order and condition. Approximately 75% of the jury award was for emotional distress damages. The verdict included a finding that punitive damages may be awarded. An additional hearing will be held to determine the amount of punitive damages, if any.

Equity LifeStyle Properties, Inc. Declares Quarter Dividend on Common Shares and Series C Cumulative Redeemable Perpetual Preferred Stock, Payable on April 11, 2014 and March 31, 2014 Respectively

The Board of Directors of Equity LifeStyle Properties, Inc. declared a dividend of $0.325 per common share, representing, on an annualized basis, a dividend of $1.30 per common share. The dividend will be paid on April 11, 2014 to stockholders of record on March 28, 2014. The Board of Directors also declared a dividend of $0.421875 per depositary share on 6.75% Series C Cumulative Redeemable Perpetual Preferred Stock, which represents, on an annualized basis, a dividend of $1.6875 per depositary share. The dividend will be paid on March 31, 2014 to stockholders of record on March 21, 2014.

Equity Lifestyle Properties, Inc. Reaffirms Earnings Guidance for the First Quarter Ending March 31, 2014 and Year Ending December 31, 2014

Equity LifeStyle Properties, Inc. reaffirmed earnings guidance for the first quarter ending March 31, 2014 and year ending December 31, 2014. The company reconfirms previously issued guidance for the normalized funds from operations (Normalized FFO) and funds from operations (FFO) per share (fully diluted), for the three months ending March 31, 2014 to be between $0.73 and $0.79. Net income per share (fully diluted), for the three months ending March 31, 2014, to be between $0.41 and $0.47. The company reconfirms previously issued guidance for the normalized funds from operations (Normalized FFO) and funds from operations (FFO) per share (fully diluted)for the year ending December 31, 2014, to be between $2.63 and $2.73. Net income per share (fully diluted), for the year ending December 31, 2014, to be between $1.39 and $1.49.

 

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ELS Competitors

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Company Last Change
American Campus Communities Inc $37.36 USD -0.37
BioMed Realty Trust Inc $20.44 USD -0.09
Douglas Emmett Inc $27.30 USD -0.07
Home Properties Inc $59.68 USD -0.65
Mid-America Apartment Communities Inc $68.15 USD -0.30
View Industry Companies
 

Industry Analysis

ELS

Industry Average

Valuation ELS Industry Range
Price/Earnings 58.2x
Price/Sales 4.7x
Price/Book 4.5x
Price/Cash Flow 15.2x
TEV/Sales 1.3x
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