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Equity Lifestyle Properties ELS Property Operations — Owned Property Management Costs

Discontinued — last reported Q1 '18

Similar metrics at other companies

American Homes 4 Rent logo
AMHProperty operating expenses — Cost of goods and services sold
$168.71M+0.7%
American Homes 4 Rent logo
AMHReportable Legal Entities — Owned Property Management Costs
$18.98M+8.7%
Equity Residential logo
EQRCost Of Property Management
$35.14M-1.9%
American Homes 4 Rent logo
AMHProperty management expenses — Cost of goods and services sold
$33.28M-2.6%
MIT
MITTCorporate — Owned Property Management Costs
$0
Sun Communities logo
SUIReal Property Operations Segment — Operating expenses/Cost of sales
$128.11M+13.1%

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:OwnedPropertyManagementCosts.

The official record: Equity Lifestyle Properties’s 10-Q, filed May 2, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does property operations — owned property management costs mean?
The direct costs incurred to manage and operate the company's owned properties.
How do you interpret property operations — owned property management costs?
A decrease relative to revenue indicates improved operational efficiency and better cost control at the property level.
How does property operations — owned property management costs compare across companies?
Comparable to 'property management expenses' or 'G&A allocated to property operations' in other REITs.