Equity Income Statement Research

ELS Stock

USD 61.32 0.45 0.73%

Most accounts from Equity Lifestyle's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Equity Lifestyle Pro current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Equity Lifestyle Valuation and Equity Lifestyle Correlation analysis.

At this time, Equity Lifestyle's Net Income Applicable To Common Shares is comparatively stable compared to the past year. Extraordinary Items is likely to gain to about 58.8 M in 2024, whereas EBIT is likely to drop slightly above 225.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	628.2M	700.7M	941.5M	988.6M
Total Revenue	1.3B	1.4B	1.5B	1.6B

Gross Profit Total Revenue

Equity Lifestyle income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Minority Interest	Selling And Marketing Expenses	Extraordinary Items	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.81	0.83	0.97	0.92	0.73	0.79	0.74	0.79	0.44	0.77	-0.22	0.79	-0.65	0.76	-0.56	0.65	0.76	0.76	0.78	-0.67	0.1	-0.31	-0.69	0.81
Interest Expense	0.81		0.79	0.75	0.72	0.59	0.56	0.53	0.6	0.45	0.62	-0.03	0.39	-0.42	0.5	-0.58	0.29	0.97	0.97	0.41	-0.92	0.02	-0.22	-0.44	0.39
Selling General Administrative	0.83	0.79		0.87	0.84	0.65	0.66	0.61	0.64	0.42	0.68	-0.26	0.62	-0.59	0.63	-0.47	0.49	0.84	0.84	0.66	-0.76	0.05	-0.35	-0.61	0.67
Total Revenue	0.97	0.75	0.87		0.97	0.7	0.85	0.76	0.78	0.36	0.86	-0.33	0.87	-0.72	0.75	-0.56	0.66	0.74	0.74	0.85	-0.63	0.09	-0.41	-0.75	0.84
Gross Profit	0.92	0.72	0.84	0.97		0.51	0.95	0.6	0.64	0.13	0.91	-0.5	0.86	-0.85	0.6	-0.56	0.52	0.7	0.69	0.78	-0.54	0.06	-0.47	-0.86	0.84
Other Operating Expenses	0.73	0.59	0.65	0.7	0.51		0.25	0.94	0.95	0.89	0.36	0.3	0.56	-0.05	0.96	-0.32	0.82	0.62	0.62	0.75	-0.7	0.17	-0.1	-0.11	0.55
Operating Income	0.79	0.56	0.66	0.85	0.95	0.25		0.4	0.43	-0.17	0.92	-0.68	0.82	-0.95	0.38	-0.51	0.34	0.51	0.5	0.67	-0.3	0.02	-0.51	-0.93	0.78
Ebit	0.74	0.53	0.61	0.76	0.6	0.94	0.4		0.98	0.73	0.54	0.14	0.74	-0.17	0.96	-0.26	0.78	0.58	0.58	0.87	-0.62	0.25	-0.33	-0.19	0.59
Ebitda	0.79	0.6	0.64	0.78	0.64	0.95	0.43	0.98		0.74	0.53	0.13	0.71	-0.22	0.98	-0.32	0.78	0.62	0.63	0.87	-0.66	0.22	-0.28	-0.24	0.64
Total Operating Expenses	0.44	0.45	0.42	0.36	0.13	0.89	-0.17	0.73	0.74		-0.02	0.62	0.18	0.36	0.75	-0.12	0.61	0.5	0.51	0.4	-0.66	0.18	0.12	0.27	0.16
Net Income	0.77	0.62	0.68	0.86	0.91	0.36	0.92	0.54	0.53	-0.02		-0.61	0.83	-0.77	0.46	-0.41	0.35	0.62	0.61	0.71	-0.46	0.07	-0.64	-0.78	0.64
Income Tax Expense	-0.22	-0.03	-0.26	-0.33	-0.5	0.3	-0.68	0.14	0.13	0.62	-0.61		-0.42	0.74	0.13	0.13	0.08	0.01	0.02	-0.23	-0.22	0.18	0.44	0.74	-0.43
Income Before Tax	0.79	0.39	0.62	0.87	0.86	0.56	0.82	0.74	0.71	0.18	0.83	-0.42		-0.68	0.69	-0.29	0.65	0.4	0.4	0.93	-0.28	0.32	-0.56	-0.69	0.83
Total Other Income Expense Net	-0.65	-0.42	-0.59	-0.72	-0.85	-0.05	-0.95	-0.17	-0.22	0.36	-0.77	0.74	-0.68		-0.21	0.5	-0.23	-0.36	-0.35	-0.53	0.13	0.06	0.39	0.96	-0.77
Cost Of Revenue	0.76	0.5	0.63	0.75	0.6	0.96	0.38	0.96	0.98	0.75	0.46	0.13	0.69	-0.21		-0.35	0.88	0.52	0.53	0.87	-0.56	0.15	-0.16	-0.25	0.7
Minority Interest	-0.56	-0.58	-0.47	-0.56	-0.56	-0.32	-0.51	-0.26	-0.32	-0.12	-0.41	0.13	-0.29	0.5	-0.35		-0.42	-0.47	-0.47	-0.28	0.38	0.31	-0.39	0.58	-0.54
Selling And Marketing Expenses	0.65	0.29	0.49	0.66	0.52	0.82	0.34	0.78	0.78	0.61	0.35	0.08	0.65	-0.23	0.88	-0.42		0.26	0.26	0.76	-0.28	0.07	0.06	-0.36	0.75
Extraordinary Items	0.76	0.97	0.84	0.74	0.7	0.62	0.51	0.58	0.62	0.5	0.62	0.01	0.4	-0.36	0.52	-0.47	0.26		1.0	0.45	-0.97	0.07	-0.32	-0.36	0.34
Discontinued Operations	0.76	0.97	0.84	0.74	0.69	0.62	0.5	0.58	0.63	0.51	0.61	0.02	0.4	-0.35	0.53	-0.47	0.26	1.0		0.45	-0.97	0.07	-0.32	-0.35	0.33
Net Income From Continuing Ops	0.78	0.41	0.66	0.85	0.78	0.75	0.67	0.87	0.87	0.4	0.71	-0.23	0.93	-0.53	0.87	-0.28	0.76	0.45	0.45		-0.39	0.33	-0.46	-0.53	0.83
Non Recurring	-0.67	-0.92	-0.76	-0.63	-0.54	-0.7	-0.3	-0.62	-0.66	-0.66	-0.46	-0.22	-0.28	0.13	-0.56	0.38	-0.28	-0.97	-0.97	-0.39		-0.1	0.24	0.14	-0.21
Non Operating Income Net Other	0.1	0.02	0.05	0.09	0.06	0.17	0.02	0.25	0.22	0.18	0.07	0.18	0.32	0.06	0.15	0.31	0.07	0.07	0.07	0.33	-0.1		-0.31	0.09	0.06
Interest Income	-0.31	-0.22	-0.35	-0.41	-0.47	-0.1	-0.51	-0.33	-0.28	0.12	-0.64	0.44	-0.56	0.39	-0.16	-0.39	0.06	-0.32	-0.32	-0.46	0.24	-0.31		0.28	-0.18
Net Interest Income	-0.69	-0.44	-0.61	-0.75	-0.86	-0.11	-0.93	-0.19	-0.24	0.27	-0.78	0.74	-0.69	0.96	-0.25	0.58	-0.36	-0.36	-0.35	-0.53	0.14	0.09	0.28		-0.81
Reconciled Depreciation	0.81	0.39	0.67	0.84	0.84	0.55	0.78	0.59	0.64	0.16	0.64	-0.43	0.83	-0.77	0.7	-0.54	0.75	0.34	0.33	0.83	-0.21	0.06	-0.18	-0.81

Click cells to compare fundamentals

Equity Lifestyle Account Relationship Matchups

Equity Lifestyle income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	104.2M	102.8M	108.7M	116.6M	132.3M	139.0M
Total Revenue	1.0B	1.1B	1.3B	1.4B	1.5B	1.6B
Gross Profit	533.1M	555.6M	628.2M	700.7M	941.5M	988.6M
Operating Income	339.6M	350.9M	383.0M	408.0M	873.3M	916.9M
Ebit	339.6M	350.9M	383.0M	408.0M	320.1M	225.3M
Ebitda	491.7M	506.1M	571.5M	615.0M	523.8M	318.7M
Net Income	169.0M	122.7M	153.0M	182.3M	314.2M	329.9M
Income Tax Expense	126.9M	118.7M	123.0M	116.6M	(9.6M)	(9.1M)
Income Before Tax	295.9M	241.4M	276M	298.8M	320.1M	336.1M
Cost Of Revenue	487.5M	524.7M	631.9M	730.4M	547.9M	320.5M
Minority Interest	16.8M	13.1M	(13.5M)	(14.2M)	(14.6M)	(13.9M)
Interest Income	7.2M	7.2M	104.2M	108.0M	8.7M	8.3M
Net Interest Income	(97.0M)	(95.6M)	(101.7M)	(109.1M)	(121.7M)	(127.8M)

Equity Lifestyle Investors Sentiment

The influence of Equity Lifestyle's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Equity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Equity Lifestyle's public news can be used to forecast risks associated with an investment in Equity. The trend in average sentiment can be used to explain how an investor holding Equity can time the market purely based on public headlines and social activities around Equity Lifestyle Properties. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Equity Lifestyle's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Equity Lifestyle's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Equity Lifestyle's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Equity Lifestyle.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Equity Lifestyle in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Equity Lifestyle's short interest history, or implied volatility extrapolated from Equity Lifestyle options trading.

Pair Trading with Equity Lifestyle

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Equity Lifestyle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Equity Lifestyle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Equity Stock

0.69	EQIX	Equinix Earnings Call This Week	Pair Corr
0.67	AMT	American Tower Corp Earnings Call This Week	Pair Corr
0.8	CCI	Crown Castle Sell-off Trend	Pair Corr

Moving against Equity Stock

0.68	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.58	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.54	HASI	Hannon Armstrong Sus Financial Report 2nd of May 2024	Pair Corr
0.54	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.53	AHT-PH	Ashford Hospitality Trust	Pair Corr

The ability to find closely correlated positions to Equity Lifestyle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equity Lifestyle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equity Lifestyle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equity Lifestyle Properties to buy it.

The correlation of Equity Lifestyle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equity Lifestyle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Lifestyle Pro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Equity Lifestyle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Equity Lifestyle Pro is a strong investment it is important to analyze Equity Lifestyle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Equity Lifestyle's future performance. For an informed investment choice regarding Equity Stock, refer to the following important reports:

How To Invest In Equity

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Is Equity Stock a good investment?

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What is Equity Lifestyle's Net Worth?

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Check out Equity Lifestyle Valuation and Equity Lifestyle Correlation analysis.

You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for Equity Stock analysis

When running Equity Lifestyle's price analysis, check to measure Equity Lifestyle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equity Lifestyle is operating at the current time. Most of Equity Lifestyle's value examination focuses on studying past and present price action to predict the probability of Equity Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equity Lifestyle's price. Additionally, you may evaluate how the addition of Equity Lifestyle to your portfolios can decrease your overall portfolio volatility.

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Is Equity Lifestyle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Equity Lifestyle. If investors know Equity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Equity Lifestyle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.332

Dividend Share

1.82

Earnings Share

1.69

Revenue Per Share

8.101

Quarterly Revenue Growth

0.044

The market value of Equity Lifestyle Pro is measured differently than its book value, which is the value of Equity that is recorded on the company's balance sheet. Investors also form their own opinion of Equity Lifestyle's value that differs from its market value or its book value, called intrinsic value, which is Equity Lifestyle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Equity Lifestyle's market value can be influenced by many factors that don't directly affect Equity Lifestyle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Equity Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Lifestyle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Equity Income Statement Research

Equity Lifestyle income statement Correlations

Equity Lifestyle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Equity Lifestyle income statement Accounts

Equity Lifestyle Investors Sentiment

Pair Trading with Equity Lifestyle

Moving together with Equity Stock

Moving against Equity Stock

Complementary Tools for Equity Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Discontinued Operations	+ 1.0	Extraordinary Items
Ebitda	+ 0.98	Ebit
Cost Of Revenue	+ 0.98	Ebitda
Total Revenue	+ 0.97	Depreciation And Amortization
Extraordinary Items	+ 0.97	Interest Expense
Discontinued Operations	+ 0.97	Interest Expense

Non Recurring	- 0.97	Discontinued Operations
Non Recurring	- 0.97	Extraordinary Items
Total Other Income Expense Net	- 0.95	Operating Income
Net Interest Income	- 0.93	Operating Income
Non Recurring	- 0.92	Interest Expense
Net Interest Income	- 0.86	Gross Profit