Equity Lifestyle PropertiesBSP:E2LS34 17 Pretax Margin % is 29.37% as of Mar. 2026, which is 28% above its 10-year median of 22.90. 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 927 REITs companies, Equity Lifestyle Properties ranks worse than 68.39% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Equity Lifestyle Properties Pretax Margin % Related Terms
Equity Lifestyle Properties Pretax 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: Pretax Margin % Comparison
For the REIT - Residential subindustry, Equity Lifestyle Properties's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Equity Lifestyle Properties's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Equity Lifestyle Properties's Pretax 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.
Equity Lifestyle Properties (BSP:E2LS34) has a Pretax Margin % of 29.37% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Equity Lifestyle Properties and its competitors. This is 28% above median its historical median of 22.90. Over the past decade, Equity Lifestyle Properties' Pretax Margin % has ranged from 21.73 to 29.00. According to the industry distribution chart, Equity Lifestyle Properties ranks #634 out of 927 companies in the REITs industry, placing it in the top 68.4%.
Is Equity Lifestyle Properties' Pretax Margin % too high?
Equity Lifestyle Properties' current Pretax Margin % of 29.37% is 28% above median its 10-year median of 22.90. Over the past 10 years, this metric has ranged from a low of 21.73 to a high of 29.00. The REITs industry median Pretax Margin % is 46.93. Equity Lifestyle Properties' value of 29.37% is 37.4% below this industry median. Based on the distribution chart, Equity Lifestyle Properties ranks #634 out of 927 companies in the REITs industry, which is below the industry midpoint. 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' Pretax Margin % compare to UDR and AMH?
According to the REITs industry distribution chart, Equity Lifestyle Properties ranks #634 out of 927 companies for Pretax Margin %. This places Equity Lifestyle Properties in the lower half of its industry. The industry median Pretax Margin % is 46.93. Equity Lifestyle Properties' value of 29.37% is 37.4% below this benchmark. Historically, Equity Lifestyle Properties' own Pretax Margin % has ranged from 21.73 to 29.00 over the past decade. While the company's 10-year median is 22.90 vs. the industry median of 46.93, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.93, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equity Lifestyle Properties's current Pretax Margin % of 29.37% is 37.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Equity Lifestyle Properties and its competitors. For the REITs industry, the median Pretax Margin % is 46.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equity Lifestyle Properties's current Pretax Margin % is 29.37%, which is 28% above median its own 10-year median of 22.90. 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 Pretax Margin % is 29.37%, which is 28% above median its 10-year median of 22.90 and 37.4% below the REITs industry median of 46.93. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Equity Lifestyle Properties (BSP:E2LS34), the current Pretax Margin % is 29.37% 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:
Pretax Margin %: 29.37% (28% above median its 10-year median of 22.90)
GF Value™: R$33.98 vs. price of R$32.24 (5.1% below fair value)
Industry Position: 37.4% below the REITs median (#634 of 927)
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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