Equity Lifestyle PropertiesBSP:E2LS34 17 Gross Margin % is 53.79% as of Mar. 2026, which is 6% above its 10-year median of 50.88. GuruFocus rates BSP:E2LS34 with a GF Score™ of 17/100 and a GF Value™ of R$33.98 (Fairly Valued). The stock has 3 warning signs investors should review. Among 680 REITs companies, Equity Lifestyle Properties ranks worse than 83.53% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Equity Lifestyle Properties had a gross margin of 53.79% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Equity Lifestyle Properties Gross Margin % Related Terms
Equity Lifestyle Properties Gross Margin % Historical Data
* 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.
BSP:E2LS34 vs UDR, AMH, CPT: Gross Margin % Comparison
For the REIT - Residential subindustry, Equity Lifestyle Properties's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Equity Lifestyle Properties's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Equity Lifestyle Properties's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Equity Lifestyle Properties (BSP:E2LS34) has a Gross Margin % of 53.79% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Equity Lifestyle Properties and its competitors. This is near median its historical median of 50.88. Over the past decade, Equity Lifestyle Properties' Gross Margin % has ranged from 46.88 to 52.23. According to the industry distribution chart, Equity Lifestyle Properties ranks #568 out of 680 companies in the REITs industry, placing it in the top 83.5%.
Is Equity Lifestyle Properties' Gross Margin % too high?
Equity Lifestyle Properties' current Gross Margin % of 53.79% is near median its 10-year median of 50.88. Over the past 10 years, this metric has ranged from a low of 46.88 to a high of 52.23. The REITs industry median Gross Margin % is 69.61. Equity Lifestyle Properties' value of 53.79% is 22.7% below this industry median. Based on the distribution chart, Equity Lifestyle Properties ranks #568 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Equity Lifestyle Properties has a GF Score™ of 17/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equity Lifestyle Properties' Gross Margin % compare to UDR and AMH?
According to the REITs industry distribution chart, Equity Lifestyle Properties ranks #568 out of 680 companies for Gross Margin %. This places Equity Lifestyle Properties in the lower half of its industry. The industry median Gross Margin % is 69.61. Equity Lifestyle Properties' value of 53.79% is 22.7% below this benchmark. Historically, Equity Lifestyle Properties' own Gross Margin % has ranged from 46.88 to 52.23 over the past decade. While the company's 10-year median is 50.88 vs. the industry median of 69.61, Equity Lifestyle Properties has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.61, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equity Lifestyle Properties's current Gross Margin % of 53.79% is 22.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Equity Lifestyle Properties and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equity Lifestyle Properties's current Gross Margin % is 53.79%, which is near median its own 10-year median of 50.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equity Lifestyle Properties stock overvalued right now?
Based on GuruFocus' analysis, Equity Lifestyle Properties (BSP:E2LS34) is currently considered Fairly Valued. The stock's GF Value™ is R$33.98, compared to a current price of R$32.24 — trading 5.1% below its estimated fair value. The current Gross Margin % is 53.79%, which is near median its 10-year median of 50.88 and 22.7% below the REITs industry median of 69.61. Equity Lifestyle Properties' overall GF Score™ is 17/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Equity Lifestyle Properties (BSP:E2LS34), the current Gross Margin % is 53.79% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Equity Lifestyle Properties (BSP:E2LS34) Overvalued in 2026?
Based on GuruFocus' analysis, Equity Lifestyle Properties stock appears to be undervalued.
The current stock price of R$32.24 is trading 5.1% below its estimated GF Value™ of R$33.98.
GuruFocus considers Equity Lifestyle Properties to be Fairly Valued.
Key valuation signals for BSP:E2LS34:
Gross Margin %: 53.79% (near median its 10-year median of 50.88)
GF Value™: R$33.98 vs. price of R$32.24 (5.1% below fair value)
Industry Position: 22.7% below the REITs median (#568 of 680)
No single metric tells the full story. See the BSP:E2LS34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 455 properties across the US with a higher concentration in the Sunbelt; 38% of the company's properties are in Florida, 12% in Arizona, and 8% in California. Equity Lifestyle targets owning properties in attractive retirement destinations. More than 70% of the company's properties are either age-restricted or have an average resident age over 55.
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