What does operating segments — real estate tax expense mean?

The total cost of property taxes paid on the company's real estate portfolio.

How do you interpret operating segments — real estate tax expense?

An increase reflects higher tax assessments or portfolio growth, which can compress net operating income margins.

How does operating segments — real estate tax expense compare across companies?

Standardized as 'Real Estate Taxes' across the REIT industry.

Equity Lifestyle Properties ELS Operating Segments — Real Estate Tax Expense

Discontinued — last reported Q2 '16

Similar metrics at other companies

SPGReal Estate — Real Estate Tax Expense

$139.06M+22.5%

CPTReportable Segment — Real Estate Tax Expense

$49.89M+0.3%

LADROperating Segments — Real Estate Operating Expenses

$8.82M+18.3%

MAASame Store — Real Estate Tax Expense

$64.94M+2.8%

KIMReal Estate Rental Operations — Real Estate Tax Expense

$72.84M+4.2%

PEA

PEAKSenior housing — Real estate taxes

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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 / equity0×0.0×

Where this comes from

Reported directly by Equity Lifestyle Properties in its filing.

Tagged under the XBRL concept us-gaap:RealEstateTaxExpense.

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 — real estate tax expense mean?: The total cost of property taxes paid on the company's real estate portfolio.
How do you interpret operating segments — real estate tax expense?: An increase reflects higher tax assessments or portfolio growth, which can compress net operating income margins.
How does operating segments — real estate tax expense compare across companies?: Standardized as 'Real Estate Taxes' across the REIT industry.