How do you interpret property operations — right to use contracts current period gross?

An increase suggests expansion of the leased asset base, which may increase operational scale but also raises fixed lease liabilities.

Equity Lifestyle Properties ELS Property Operations — Right To Use Contracts Current Period Gross

Discontinued — last reported Q1 '18

Similar metrics at other companies

EGPCOLORADO — Right of use assets - Ground leases (operating)

$0—

EGPTENNESSEE — Right of use assets - Ground leases (operating)

$0—

EGPTEXAS — Right of use assets - Ground leases (operating)

$9.79M-8.4%

GNRCOperating Lease Right Of Use Asset And Other Assest Noncurrent

$110.98M-24.2%

SUIReal Property Operations Segment — Other Intangible Assets, Net

$298.7M+346%

UHAL.BProperty And Casualty Insurance — Property Subject To Or Available For Operating Lease Gross

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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 els:RightToUseContractsCurrentPeriodGross.

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 — right to use contracts current period gross mean?: The total gross value of active lease contracts for assets used in property operations.
How do you interpret property operations — right to use contracts current period gross?: An increase suggests expansion of the leased asset base, which may increase operational scale but also raises fixed lease liabilities.
How does property operations — right to use contracts current period gross compare across companies?: Comparable to lease liability disclosures under ASC 842 for REITs with significant leasehold interests.