Equity Lifestyle Properties (Equity Lifestyle Properties) Variable Rate Debt (USD Mil) : 0.00 (As of . 20)

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What is Equity Lifestyle Properties Variable Rate Debt (USD Mil)?

In the railway industry, Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.

The historical rank and industry rank for Equity Lifestyle Properties's Variable Rate Debt (USD Mil) or its related term are showing as below:

Equity Lifestyle Properties Variable Rate Debt (USD Mil) Historical Data

The historical data trend for Equity Lifestyle Properties's Variable Rate Debt (USD Mil) can be seen below:

* 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.

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Equity Lifestyle Properties Variable Rate Debt (USD Mil) Chart

Equity Lifestyle Properties (NYSE:ELSPRCCL.PFD) Variable Rate Debt (USD Mil) Explanation

Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.

The variable interest rate fluctuates over time because it is based on an underlying benchmark interest rate or index that changes periodically with the market. So, variable interest debt is not as good as fixed-rate debt because the company cannot benefit from inflation. But in some conditions, a company might experience lower borrowing costs or reduce the impact of volatile investment earnings by issuing variable rate securities.

Equity Lifestyle Properties Variable Rate Debt (USD Mil) Related Terms

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Equity Lifestyle Properties (Equity Lifestyle Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Lifestyle Properties Inc (NYSE:ELSPRCCL.PFD) » Definitions » Variable Rate Debt (USD Mil)

Comparable Companies

Traded in Other Exchanges

ELS:USA

Address

Two North Riverside Plaza, Suite 800, Chicago, IL, USA, 60606

Website

https://www.equitylifestyleproperties.com

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 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.