How do you interpret operating segments — payments for capital improvements?

Higher spending indicates a proactive approach to asset preservation, though it may temporarily reduce free cash flow.

How does operating segments — payments for capital improvements compare across companies?

Comparable to 'Capital Expenditures' or 'CapEx' reported by all real estate investment trusts.

Equity Lifestyle Properties ELS Operating Segments — Payments For Capital Improvements

Discontinued — last reported Q2 '16

Similar metrics at other companies

SNAOperating Segments — Payments For Capital Improvements

$19.33M+8.4%

MGMOperating Segments — CapEx

$352.49M+8.3%

CSL

CSLOperating Segments — CapEx

$39.68M+61.8%

XPO

XPOOperating Segments — CapEx

$58.95M+530%

HOperating Segments — CapEx

$49.25M-2.5%

CRLOperating Segments — Payments To Acquire Productive Assets

$24.26M+83.5%

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 / equity0×0.0×

Where this comes from

Reported directly by Equity Lifestyle Properties in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForCapitalImprovements.

The official record: Equity Lifestyle Properties’s 10-Q, filed July 27, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — payments for capital improvements mean?: Cash spent on significant upgrades and renovations to improve the quality of existing properties.
How do you interpret operating segments — payments for capital improvements?: Higher spending indicates a proactive approach to asset preservation, though it may temporarily reduce free cash flow.
How does operating segments — payments for capital improvements compare across companies?: Comparable to 'Capital Expenditures' or 'CapEx' reported by all real estate investment trusts.