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Equity Lifestyle Properties ELS Gross revenues from home sales — Cost of home sales

Discontinued — last reported Q4 '22

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SUIHome sales — Real property
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TOLHome sales — Revenue
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PHMHome sale revenues — Cost of Product and Service Sold
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LENLennar Homebuilding — Gross Profit
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Other financials

Income statement

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Revenue$397.6M+2.7%
Operating income$112.4M+2.6%
Net income$111.5M-2.5%
EPS (diluted)$0.56-1.8%

Balance sheet

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Cash & equivalents$39.2M-17.4%
Total debt$24.0M-11.6%
Total equity$1.8B+0.7%
Total assets$5.7B+1.9%

Cash flow

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Operating cash flow$194.2M+0.4%
CapEx$45.3M+0.2%
Free cash flow$148.9M+0.5%

Valuation

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Market cap$12.06B-5.1%
P/E30.2×-2.9×
P/S7.8×-0.5×

Profitability

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Operating margin25.6%+1.0pp
Net margin25.9%+0.7pp
FCF margin21.7%-1.8pp

Returns & leverage

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Return on equity22.7%-1.3pp
Debt / equity0.0×

Where this comes from

Reported directly by Equity Lifestyle Properties in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Equity Lifestyle Properties’s 10-K/A, filed January 22, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equity Lifestyle Properties's gross revenues from home sales — cost of home sales?
Equity Lifestyle Properties (ELS) reported gross revenues from home sales — cost of home sales of $34.75M in Q4 2022.
How has Equity Lifestyle Properties's gross revenues from home sales — cost of home sales changed year-over-year?
Equity Lifestyle Properties's gross revenues from home sales — cost of home sales decreased by 38.0% year-over-year, from $56.05M to $34.75M.
What does gross revenues from home sales — cost of home sales mean?
The profit earned from selling manufactured homes after accounting for the direct costs of those homes.
How do you interpret gross revenues from home sales — cost of home sales?
An increase indicates higher margins on home sales or a more favorable product mix, while a decrease suggests rising acquisition costs or pricing pressure in the housing market.
How does gross revenues from home sales — cost of home sales compare across companies?
Similar to 'Home Sales Gross Profit' or 'Development Margin' found in other residential REITs or homebuilders that operate within manufactured housing or master-planned community segments.