ELS

Equity Lifestyle Properties Inc.

Halal Rating :
Comfortable
Last Price $66.2
Market Cap $12.65b
1D Change

0.0 %

1 Year Change

-0.63 %

Next Earnings Date

Yet to be announced

Company Overview

As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites. We are a self-administered, self-managed real estate investment trust with headquarters in Chicago.

Revenue Sources

Pass

Based on the company's financial statements and business model, ELS generates its primary revenue from property rentals, home sales, and community services. These are all halal sources of income as they involve the exchange of real assets and services. There is no evidence of revenue from prohibited sources such as gambling, alcohol, or other haram activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Dec. 31, 2023 $426.35m $-66,000,000.0 $65.71m $-66,000,000.0 15.41% 100.00%

Looking at the most recent four quarters of financial data, interest expense was reported only in Q4 2023 at $65.71 million. While interest income and expense were both present, they appear to be netted against each other in the financial statements. Given that ELS is a REIT, some level of interest-bearing financing is expected in their operations. However, based on the provided data, the interest ratios do not exceed concerning levels relative to total revenue and expenses.

Operational Ethics

Pass

After reviewing available public information, SEC filings, and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in North America, with no significant presence or partnerships in regions of concern.

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