Equity Lifestyle Properties is an integrated owner of lifestyle-oriented properties (Properties) consisting of property operations and home sales and rental operations primarily within manufactured home (MH) and recreational vehicle (RV) communities and marinas. Co. has a business model where it owns the land which it leases to customers who own MH and cottages, RVs and/or boats either on a long-term or short-term basis. Co.'s customers may lease individual developed areas or enter into right-to-use contracts, also known as membership subscriptions, which provide them access to specific Properties for limited stays. Co. also has marinas that provide boat slip and dry storage rentals. We show 59 historical shares outstanding datapoints in our ELS shares outstanding history coverage, used to compute ELS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ELS market cap history over the course of time is important for investors
interested in comparing ELS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ELS versus a peer is one thing; comparing
ELS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ELS can fluctuate over the course of history.
With this page we aim to empower investors researching ELS by allowing them to research the ELS market cap history. |
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Video: The Importance of Market Cap
