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Equity Lifestyle Properties (Equity Lifestyle Properties) Cyclically Adjusted Revenue per Share : $6.43 (As of Dec. 2023)


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What is Equity Lifestyle Properties Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Equity Lifestyle Properties's adjusted revenue per share for the three months ended in Dec. 2023 was $1.479. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $6.43 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Equity Lifestyle Properties's average Cyclically Adjusted Revenue Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Equity Lifestyle Properties was 14.40% per year. The lowest was 1.60% per year. And the median was 5.80% per year.

As of today (2024-04-27), Equity Lifestyle Properties's current stock price is $60.53. Equity Lifestyle Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $6.43. Equity Lifestyle Properties's Cyclically Adjusted PS Ratio of today is 9.41.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Equity Lifestyle Properties was 16.98. The lowest was 4.20. And the median was 10.30.


Equity Lifestyle Properties Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Equity Lifestyle Properties's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equity Lifestyle Properties Cyclically Adjusted Revenue per Share Chart

Equity Lifestyle Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.65 4.87 5.44 6.02 6.43

Equity Lifestyle Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.19 6.32 6.44 6.43 -

Competitive Comparison of Equity Lifestyle Properties's Cyclically Adjusted Revenue per Share

For the REIT - Residential subindustry, Equity Lifestyle Properties's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Equity Lifestyle Properties's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Equity Lifestyle Properties's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Equity Lifestyle Properties's Cyclically Adjusted PS Ratio falls into.



Equity Lifestyle Properties Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Equity Lifestyle Properties's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.479/129.4194*129.4194
=1.479

Current CPI (Dec. 2023) = 129.4194.

Equity Lifestyle Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.053 99.695 1.367
201406 1.009 100.560 1.299
201409 1.076 100.428 1.387
201412 1.023 99.070 1.336
201503 1.119 99.621 1.454
201506 1.075 100.684 1.382
201509 1.123 100.392 1.448
201512 1.074 99.792 1.393
201603 1.178 100.470 1.517
201606 1.117 101.688 1.422
201609 1.194 101.861 1.517
201612 1.136 101.863 1.443
201703 1.236 102.862 1.555
201706 1.173 103.349 1.469
201709 1.273 104.136 1.582
201712 1.199 104.011 1.492
201803 1.285 105.290 1.579
201806 1.243 106.317 1.513
201809 1.309 106.507 1.591
201812 1.256 105.998 1.534
201903 1.340 107.251 1.617
201906 1.281 108.070 1.534
201909 1.363 108.329 1.628
201912 1.331 108.420 1.589
202003 1.444 108.902 1.716
202006 1.305 108.767 1.553
202009 1.463 109.815 1.724
202012 1.540 109.897 1.814
202103 1.562 111.754 1.809
202106 1.698 114.631 1.917
202109 1.786 115.734 1.997
202112 1.459 117.630 1.605
202203 1.826 121.301 1.948
202206 1.849 125.017 1.914
202209 1.929 125.227 1.994
202212 1.438 125.222 1.486
202303 1.872 127.348 1.902
202306 1.869 128.729 1.879
202309 1.966 129.860 1.959
202312 1.479 129.419 1.479

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Equity Lifestyle Properties  (NYSE:ELS) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Equity Lifestyle Properties's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=60.53/6.43
=9.41

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Equity Lifestyle Properties was 16.98. The lowest was 4.20. And the median was 10.30.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Equity Lifestyle Properties Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Equity Lifestyle Properties's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Equity Lifestyle Properties (Equity Lifestyle Properties) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Two North Riverside Plaza, Suite 800, Chicago, IL, USA, 60606
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.
Executives
Derrick Burks director C/O EQUITY LIFESTYLE PROPERTIES INC, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Paul Seavey officer: Sr Vice President & Treasurer C/O EQUITY LIFESTYLE PROPERTIES, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Freedman Constance director C/O EQUITY LIFESTYLE PROPERTIES, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Andrew Berkenfield director C/O EQUITY LIFESTYLE PROPERTIES, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Patrick Waite officer: EVP & Chief Operating Officer C/O EQUITY LIFESTYLE PROPERTIES, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Marguerite M Nader officer: Vice President-Business Deve. 2S601 AVENUE LA TOURS, OAK BROOK IL 60523
Valerie Henry officer: Chief Accounting Officer C/O EQUITY LIFESTYLE PROPERTIES, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Roger Maynard officer: Senior Vice President MANUFACTURED HOME COMMUNITIES, INC., 2 N. RIVERSIDE PLAZA #8, CHICAGO IL 60606
Scott R Peppet director 1820 DEER VALLEY ROAD, BOULDER CO 80305
David J Contis director 2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Samuel Zell director, 10 percent owner, officer: Chairman of the Board TWO N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Howard Walker director, officer: Chief Executive Officer MANUFACTURED HOME COMMUNITIES INC, 2 N RIVERSIDE PLAZA 800, CHICAGO IL 60606
Sheli Z Rosenberg director C/O EQUITY GROUP INVESTMENTS, L.L.C., TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Matthew Williams director C/O EQUITY LIFESTYLE PROPERTIES, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Tao Huang director C/O MORNINGSTAR, INC., 225 WEST WACKER DRIVE, CHICAGO IL 60606

Equity Lifestyle Properties (Equity Lifestyle Properties) Headlines