ELS Profile
Equity Lifestyle Properties (ELS) is a real estate investment trust (REIT) that owns and operates lifestyle-oriented properties in North America. The company focuses on the acquisition, development, and management of manufactured home communities, RV resorts, and campgrounds.
ELS owns over 420 properties in 33 states and British Columbia, including over 153,000 sites for manufactured homes and RVs. The company provides various amenities and services to its residents and guests, such as swimming pools, fitness centers, golf courses, laundry facilities, and Wi-Fi.
The company generates revenue primarily through the collection of rents and other fees associated with its properties. As of 2021, the majority of ELS's revenue came from rental income.
In terms of financial performance, ELS has seen steady growth over the years. The company reported total revenue of $1.1 billion in 2020, up from $1.0 billion in 2019. Net income was $166 million in 2020, compared to $288 million in 2019, largely due to the impact of the COVID-19 pandemic on the hospitality industry.
Overall, ELS is a well-established company in the real estate industry, with a focus on properties that offer unique lifestyle experiences. The company has a strong track record of financial performance and growth, making it an attractive investment for those interested in the real estate sector.
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