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Equity Lifestyle Properties ELS Property Operations — Cost Of Other Property Operating Expense

Discontinued — last reported Q4 '18

Similar metrics at other companies

Equity Residential logo
EQROther — Operating Expenses
$4.95M-54.7%
Sun Communities logo
SUIMH — Other expenses - real property
$3M+20.0%
W.P. Carey Inc. logo
WPCOwned Real Estate — Other Cost And Expense Operating
$37.1M
Sun Communities logo
SUIReal Property Operations Segment — Other (expense) / income, net
-$2.52M-86.1%
Equity Residential logo
EQRAll Other Markets — Operating Expenses
$794K+13.9%
PEA
PEAKAll Other Segments — Operating Expenses

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:CostOfOtherPropertyOperatingExpense.

The official record: Equity Lifestyle Properties’s 10-K, filed February 26, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does property operations — cost of other property operating expense mean?
Miscellaneous operating expenses related to the day-to-day management of properties.
How do you interpret property operations — cost of other property operating expense?
An increase suggests rising secondary operational costs, which may compress property-level margins if not offset by revenue growth.
How does property operations — cost of other property operating expense compare across companies?
Similar to 'other property operating expenses' reported by residential and hospitality REITs.