Equity Lifestyle Properties, Inc. ELS
- Market cap
- $11.9B
- P/E
- 28.5×
Follow ELS
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31.11 | 35.51 | 39.89 | 46.83 | 41.97 | 58.27 | 56.91 | 60.47 | 59.82 | 58.15 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 41.60 | 45.97 | 52.03 | 74.55 | 77.55 | 88.70 | 87.70 | 74.40 | 76.60 | 70.35 |
High Price
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| 4,100 | 4,100 | 4,100 | 4,200 | 4,000 | 4,100 | 4,200 | 4,000 | 3,800 | 3,700 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 870 | 925 | 987 | 1,037 | 1,119 | 1,316 | 1,447 | 1,489 | 1,526 | 1,531 |
Revenue
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| 52.59% | 52.07% | 52.67% | 53.00% | 51.91% | 50.00% | 49.53% | 50.87% | 52.48% | 53.00% |
Gross Margin
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| 185 | 207 | 221 | 296 | 236 | 272 | 295 | 320 | 381 | 391 |
EBT
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| 21.20% | 22.33% | 22.44% | 28.53% | 21.10% | 20.68% | 20.42% | 21.49% | 24.94% | 25.56% |
EBT Margin
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| 187 | 210 | 226 | 296 | 241 | 276 | 299 | 330 | 385 | 402 |
Net Income
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| 122 | 126 | 140 | 157 | 161 | 196 | 212 | 214 | 215 | 219 |
Depreciation
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| 5.13 | 5.32 | 5.55 | 5.74 | 6.15 | 7.20 | 7.79 | 8.01 | 8.14 | 7.97 |
Revenue/Sh
|
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| 0.97 | 1.09 | 1.20 | 1.54 | 1.19 | 1.43 | 1.53 | 1.69 | 1.96 | 2.01 |
Earnings/Sh
|
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| 2.08 | 2.17 | 2.33 | 2.45 | 2.30 | 2.78 | 2.56 | 2.95 | 3.18 | 2.97 |
Cash Flow/Sh
|
|||
| (1.28) | (1.51) | (2.34) | (2.02) | (2.24) | (4.06) | (2.10) | (1.75) | (1.29) | (1.22) |
Capex/Sh
|
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| 0.79 | 0.66 | (0.01) | 0.43 | 0.06 | (1.27) | 0.47 | 1.19 | 1.89 | 1.75 |
Free CF/Sh
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| 6.38 | 6.32 | 6.71 | 7.31 | 7.18 | 8.12 | 8.17 | 8.05 | 9.73 | 9.45 |
Book Value/Sh
|
|||
| 170 | 174 | 178 | 181 | 182 | 183 | 186 | 186 | 187 | 192 |
Shares
|
|||
| 36.97 | 40.37 | 40.64 | 45.86 | 49.94 | 61.30 | 41.95 | 42.34 | 34.15 | 30.15 |
PE Ratio
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| 6.95 | 8.31 | 8.76 | 12.27 | 10.30 | 12.18 | 8.24 | 8.89 | 8.18 | 7.60 |
PS Ratio
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| 6.40 | 6.99 | 7.24 | 9.63 | 8.83 | 10.79 | 7.86 | 8.83 | 6.84 | 6.42 |
PB Ratio
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| 7.11 | 8.52 | 8.89 | 12.59 | 10.47 | 12.58 | 8.71 | 9.22 | 8.34 | 7.94 |
EV/Sales
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| 45.98 | 68.32 | (5,329.05) | 167.69 | 1,128.09 | (71.02) | 145.60 | 61.98 | 35.96 | 36.13 |
EV/FCF
|
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| 352 | 378 | 414 | 444 | 417 | 509 | 476 | 548 | 597 | 571 |
Op' Cash Flow
|
|||
| (218) | (263) | (416) | (366) | (407) | (742) | (389) | (326) | (243) | (235) |
Capex
|
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| 135 | 115 | (2) | 78 | 10 | (233) | 87 | 222 | 354 | 337 |
FCF
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| (1,899) | (1,976) | (2,157) | (2,116) | (2,523) | (2,646) | (2,812) | (3,074) | (3,023) | (2,824) |
Working Cap'
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| 199 | 228 | 199 | 359 | 222 | 646 | 695 | 529 | 276 | 542 |
Total Debt
|
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| 143 | 193 | 130 | 330 | 198 | 523 | 672 | 499 | 252 | 516 |
Net Debt
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| 1,082 | 1,100 | 1,193 | 1,322 | 1,305 | 1,486 | 1,517 | 1,499 | 1,824 | 1,815 |
Sh' Equity
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| 4.77% | 5.36% | 5.64% | 6.91% | 5.33% | 5.40% | 5.27% | 5.66% | 6.52% | 6.79% |
ROA
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| 14.62% | 14.99% | 15.54% | 12.99% | 14.65% | 12.07% | 12.04% | 14.34% | 15.32% | 14.01% |
ROIC
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| 18.20% | 18.57% | 18.54% | 22.19% | 17.38% | 18.81% | 18.95% | 20.83% | 22.09% | 21.24% |
ROE
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Equity Lifestyle Properties, Inc. peers in Reit Residential
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| AMH American Homes 4 Rent | $11.0B | 24.3× | Compare |
| CPT Camden Property Trust | $13.2B | 32.6× | Compare |
| SUI Sun Communities, Inc. | $13.5B | 0.0× | Compare |
| MAA Mid-America Apartment Communities, Inc. | $14.0B | 34.6× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| INVH Invitation Home | $15.7B | 24.4× | Compare |
| UDR United Dominion Realty Trust, Inc. | $17.7B | 21.4× | Compare |
| ESS Essex Property Trust, Inc. | $18.1B | 42.2× | Compare |
| MRP Millrose Properties, Inc. | $4.2B | 9.5× | Compare |
Equity Lifestyle Properties, Inc. (ELS) key facts
- Equity Lifestyle Properties, Inc. (ELS) is a Reit Residential company in the Real Estate sector, listed on the New York Stock Exchange.
- Equity Lifestyle Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, roughly unchanged from fiscal 2024.
- Net income was $402.1 million, or $2.01 per share (basic), a net margin of 25.2%.
- As of September 25, 2026, ELS traded at $59.23, a market capitalization of $11.9 billion.
- At that price the stock trades at 28.5× trailing-twelve-month earnings and 7.3× sales.
- Equity Lifestyle Properties, Inc. pays an annual dividend of $1.79 per share, a yield of 2.86%, with a payout ratio of 112.1%.
- Return on equity was 21.2% and debt-to-equity 0.31.
Equity Lifestyle Properties, Inc. (ELS) Latest News
25 Sep
ELS declared a quarterly dividend of $0.54 per share, ex-dividend 2026-09-25 and payment 2026-10-09. It has paid dividends since 1993 and raised them every year since 2004, earning dividend‑achiever status. Trailing and forward yields are about 3.59% and 3.67%. Three-, five-, and ten-year dividend growth are roughly 7.9%, 8.8%, and 10.6%, supporting income potential. The reported payout ratio of 1.05 (2026-06-30) signals potential earnings coverage risk, though REITs use funds from operations for sustainability. Profitability ranks 10/10; revenue per share growth is modest (~1% annually over 3 years), while 3-year EPS growth is ~9% and 5-year EBITDA growth ~8.6%. The near-term outlook emphasizes yield while acknowledging payout risk and mixed top-line growth. Payout ratio above 1.0 suggests potential earnings coverage risk despite strong profitability.
22 Sep
Equity LifeStyle Properties (ELS) slid near its 52-week low after Mizuho downgraded to Neutral and cut the target from $72 to $65, citing macro headwinds: inflation, high rates, and softer travel demand into late 2026. The stock closed at $60.44 on Sept 21, 2026, about 12% below its 52-week high of $69. The downgrade argues higher rates dampen demand for dividend-paying REITs, while RV parks and marinas tie revenue to travel spending, with Canada tensions potentially weakening visits. The bull case rests on stable manufactured-housing communities with low tenant turnover, a 3.5% dividend yield, and low beta. The bear case flags cyclical travel revenue and bond competition; insiders have turned cautious, with 29 hedge funds holding ELS in Q2 2026, down from 34. The next earnings release will test rent growth and occupancy trends. Downgrade plus macro headwinds could meaningfully affect sentiment and valuation, despite stable core rents.
11 Sep
Equity Lifestyle Properties (ELS) rating upgraded to Buy. Analyst rating upgrade to Buy likely to influence short-term market sentiment and stock performance for ELS.
23 Jul
Equity Lifestyle Properties Inc (ELS) posted strong financial growth in its Q2 2026 earnings call, with key metrics showing positive momentum. Strong Q2 2026 results signal major positive shifts in financial trajectory and investor sentiment for ELS.
Equity Lifestyle Properties, Inc. (ELS) released Q2 earnings call highlights covering financial results, operational metrics and forward guidance. Q2 results and guidance supply financial metrics that move near-term valuation and trading volume.
Equity LifeStyle Properties reported Q2 2026 results in its earnings call, covering revenue, occupancy, and operational metrics for manufactured home and RV communities. Quarterly earnings details can shift near-term investor sentiment on financials without altering long-term strategy.
22 Jul
Equity Lifestyle Properties beat Q2 FFO and revenue estimates. Beating Q2 estimates points to stronger financial results likely to influence near-term investor views on performance.
Equity Lifestyle Properties reported second quarter results. Quarterly results provide updated financial metrics that may shift near-term valuation and sentiment.
4 May
Equity LifeStyle Properties (ELS) raised its dividend and provided an upbeat earnings outlook, potentially reshaping its investment narrative amid strong operational performance in lifestyle communities. Dividend increase and positive earnings outlook boost investor confidence and signal robust financial health for sustained growth.
23 Apr
Equity Lifestyle Properties, Inc. (ELS) released highlights from its Q1 earnings call, covering key financial metrics, operational updates, and forward-looking guidance. Q1 earnings call highlights detail financial results and guidance that significantly shape investor expectations and stock trajectory.
Equity Lifestyle Properties Inc (ELS) highlighted strong core operations in Q1 2026 earnings call, with robust performance across key metrics driving positive outlook. Strong Q1 2026 earnings highlights demonstrate significant operational strength poised to enhance ELS's financial trajectory and investor sentiment.
22 Apr
Equity LifeStyle Properties, Inc. released Q1 2026 earnings call summary highlighting financial performance, operational updates, and future outlook. Q1 2026 earnings call summary discloses core financial metrics, NOI growth, and guidance pivotal to ELS's trajectory and investor confidence.
21 Apr
Equity Lifestyle Properties, Inc. (ELS) reported first quarter results, highlighting key financial metrics and operational performance. First quarter earnings reveal direct insights into ELS's financial health and short-term trajectory.
4 Feb
Equity Lifestyle Properties, Inc. (ELS) has declared a dividend for the first quarter of 2026, reflecting its ongoing commitment to returning value to shareholders. The dividend amount and payment details have been announced, indicating the company's stable financial position and operational performance. The dividend declaration suggests a stable financial performance, which may positively influence investor sentiment but is not expected to significantly alter the company's trajectory.
31 Jan
Equity Lifestyle Properties, Inc. (ELS) reported strong earnings, exceeding expectations, and announced a dividend increase alongside positive guidance for 2026. The company's performance reflects robust demand in the real estate sector, particularly in the manufactured home and RV park markets. Analysts view the earnings beat and dividend hike as indicators of ELS's solid financial health and growth potential, bolstering investor confidence. The updated guidance for 2026 suggests continued optimism about the company's trajectory, positioning it favorably in the market. The earnings beat, dividend increase, and positive 2026 guidance indicate significant strategic moves that could alter the company's trajectory and investor sentiment.
29 Jan
Equity Lifestyle Properties, Inc. reported its Q4 earnings, highlighting strong performance metrics and strategic initiatives aimed at enhancing shareholder value. The company emphasized its focus on expanding its portfolio and improving operational efficiencies. Management provided insights into market trends and future growth opportunities, indicating a positive outlook for the upcoming fiscal year. Key financial figures were discussed, showcasing resilience in the face of economic challenges. Significant strategic initiatives and positive financial performance are likely to influence future growth and investor sentiment.
Equity Lifestyle Properties, Inc. (ELS) reported strong dividend growth during its Q4 2025 earnings call, highlighting robust financial performance and strategic initiatives aimed at enhancing shareholder value. The company emphasized its commitment to maintaining a sustainable dividend policy while navigating market challenges. Management provided insights into operational efficiencies and future growth opportunities, reinforcing confidence in the company's long-term prospects. Strong dividend growth and strategic initiatives are likely to significantly impact future performance and investor sentiment.
28 Jan
Equity Lifestyle Properties, Inc. (ELS) reported fourth-quarter results that exceeded expectations for both funds from operations (FFO) and revenue. The company attributed its strong performance to increased occupancy rates and effective cost management strategies. ELS continues to focus on expanding its portfolio and enhancing shareholder value, positioning itself favorably in the market. Strong quarterly results indicate significant operational effectiveness and potential for future growth.
Equity Lifestyle Properties, Inc. (ELS) reported its fourth quarter results, highlighting key financial metrics and operational performance. The company demonstrated resilience in its portfolio management and occupancy rates, contributing to overall revenue growth. ELS emphasized its strategic initiatives aimed at enhancing shareholder value and expanding its market presence. The results reflect a positive outlook for the upcoming fiscal year, driven by ongoing demand in the manufactured housing and recreational vehicle sectors. The reported results indicate significant operational strength and strategic initiatives that could notably influence future performance and investor sentiment.
Equity Lifestyle Properties, Inc. (ELS) reported its Q4 earnings, highlighting key financial metrics that reflect the company's performance. The results indicate trends in revenue, occupancy rates, and overall growth, providing insights into the company's operational efficiency and market positioning. Investors are keenly observing these metrics to gauge future performance and strategic direction. The earnings report reveals important financial metrics that may moderately influence investor sentiment and operational strategies.
Equity Lifestyle Properties, Inc. reported its Q4 earnings, highlighting key financial metrics and performance indicators. The company showed resilience in its operations, with revenue growth attributed to increased occupancy rates and effective management strategies. Investors are keenly observing the implications of these results on future growth prospects and market positioning. The earnings report indicates moderate growth and operational effectiveness, which may influence financial performance but is balanced by broader market factors.
27 Jan
Analysts project that Equity Lifestyle Properties, Inc. (ELS) will report strong Q4 earnings, driven by increased demand in the recreational vehicle and manufactured home sectors. Key metrics indicate potential growth in revenue and occupancy rates, reflecting a positive outlook for the company. Market sentiment remains optimistic as ELS continues to capitalize on favorable trends in the housing and leisure markets, positioning itself for sustained performance in the upcoming quarter. Positive analyst projections suggest significant growth potential for ELS, likely impacting its future performance and market sentiment.
22 Jan
Equity Lifestyle Properties, Inc. (ELS) announced the tax treatment of its 2025 distributions, detailing how these distributions will be classified for tax purposes. The company aims to provide clarity to its shareholders regarding the expected tax implications of these distributions, which may influence investor decisions and financial planning. The announcement of tax treatment for distributions can moderately influence investor sentiment and financial planning but is not expected to significantly alter the company's overall trajectory.
21 Jan
Equity Lifestyle Properties, Inc. (ELS) is expected to experience growth in Funds From Operations (FFO) driven by resilient fundamentals in the manufactured housing and recreational vehicle (RV) sectors. The company benefits from strong demand, effective management strategies, and a favorable market environment, positioning it well for future performance. Analysts project that these factors will contribute positively to ELS's financial results, enhancing its competitive edge in the real estate investment trust (REIT) sector. Strong demand and effective management strategies are likely to significantly impact ELS's future performance.
15 Jan
Equity Lifestyle Properties, Inc. (ELS) has experienced mixed recent returns, leading to an 11.2% undervaluation estimate. Analysts are assessing the company's valuation in light of these fluctuations, considering factors such as market conditions and operational performance. The evaluation aims to provide insights into ELS's future potential and investment attractiveness amidst current market dynamics. Mixed returns and undervaluation estimates may moderately influence investor sentiment and financial performance.
UBS has adjusted its price target for Equity Lifestyle Properties, Inc. (ELS) amid expectations of 9%–11% returns for REITs in 2026. The revision reflects changing market dynamics and investor sentiment towards the sector, impacting ELS's valuation. The price target adjustment indicates a moderate influence on ELS's market performance and investor sentiment.
9 Jan
Equity Lifestyle Properties, Inc. (ELS) is highlighted in a Zacks Industry Outlook report alongside Veris Residential. The report discusses the performance and outlook of the real estate sector, particularly focusing on the residential and lifestyle properties market. It emphasizes the potential growth opportunities and challenges faced by companies in this space, including market dynamics and investor sentiment. ELS's strategic positioning within the industry is noted as a key factor for its future performance. Moderate influence on ELS's financial performance and competitive positioning is expected due to market dynamics discussed.
8 Jan
Equity Lifestyle Properties, Inc. (ELS) is highlighted as a resilient player in the residential REIT sector, particularly in the face of challenging market conditions. The company benefits from a strong demand for manufactured housing and recreational vehicle communities, which are seen as more affordable housing options. ELS's strategic focus on maintaining high occupancy rates and expanding its portfolio positions it well to navigate economic uncertainties. The article emphasizes the importance of these factors in sustaining ELS's performance and investor confidence. Strong demand for affordable housing and strategic portfolio expansion are likely to significantly impact ELS's future performance.
28 Oct
Equity Lifestyle Properties, Inc. (ELS) has declared a dividend for the fourth quarter of 2025, reflecting the company's ongoing commitment to returning value to shareholders. The dividend amount and payment details have been announced, indicating a stable financial position and continued profitability. The dividend declaration suggests a stable financial performance but does not indicate significant changes in the company's strategic direction.
24 Oct
Equity Lifestyle Properties, Inc. (ELS) is experiencing higher earnings, but there is a notable decline in Canadian reservations, which may influence its investment outlook. The company is assessing how these factors could affect its future performance and market position, particularly in light of changing consumer behaviors and economic conditions. Higher earnings combined with falling Canadian reservations may moderately influence ELS's financial performance and market sentiment.