Equity Lifestyle Properties, Inc. ELS

59.23 (0.32) (0.54%) as of 25 Sep
Market cap
$11.9B
P/E
28.5×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 0.20
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 1.01%

Capital & Financial Ratios

Market Cap 11,940.00
Revenue 1,562.62
Net Income 415.18
Free Cash Flow 347.93
Net Debt 529.73
Current Ratio 0.02
Debt/Equity 0.31
P/E ratio 28.48
P/S ratio 7.34
P/B ratio 6.32
Past 5Y EPS Growth 4.89%
This Y EPS Growth 3.33%
Next Y EPS Growth 6.06%
Next 5Y EPS Growth 5.81%
in millions of $

Dividends

Payout Ratio 1.12
Annual Dividend Rate 1.79
Annual Dividend Yield 2.86%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.16
0.54
0.54
0.54
2025 2.06
0.52
0.52
0.52
0.52
2024 1.91
0.48
0.48
0.48
0.48
2023 1.79
0.45
0.45
0.45
0.45
2022 1.64
0.41
0.41
0.41
0.41
2021 1.45
0.36
0.36
0.36
0.36
2020 1.37
0.34
0.34
0.34
0.34
2019 1.23
0.31
0.31
0.31
0.31
2018 1.10
0.28
0.28
0.28
0.28
2017 0.98
0.24
0.24
0.24
0.24
2016 0.85
0.21
0.21
0.21
0.21
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 30 25 26 36
Receivables — — — —
Inventory — — — —
Other — — — —
80 75 119 67
2023 2024 2025 Q'26
Payables 152 159 153 182
ST’ Debt — — — —
Other — — — —
3,154 3,098 2,943 2,940
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 6.42% 6.48% 1.91%
Cash Flow 4.93% 6.47% 6.28%
Earnings 11.50% 11.11% 10.74%
Book Value 6.22% 6.82% 6.15%

Revenue

Mar Jun Sep Dec Year
’26 398 398 — — —
’25 387 377 393 374 1,531
’24 387 380 387 372 1,526
’23 370 370 389 361 1,489
’22 360 365 381 341 1,447
’21 304 330 347 335 1,316
’20 280 254 285 299 1,119
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 194 148 — — —
’25 193 131 147 99 571
’24 199 143 150 105 597
’23 159 108 152 129 548
’22 155 149 101 71 476
’21 173 156 125 55 509
’20 131 108 122 57 417
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 149 82 — — —
’25 148 72 76 41 337
’24 144 81 91 38 354
’23 89 19 70 43 222
’22 78 (17) 38 (13) 87
’21 (179) 32 (81) (5) (233)
’20 81 51 65 (187) 10
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.56 0.50 — — —
’25 0.57 0.42 0.50 0.52 2.01
’24 0.59 0.42 0.44 0.50 1.96
’23 0.44 0.34 0.41 0.49 1.69
’22 0.45 0.33 0.36 0.39 1.53
’21 0.36 0.33 0.38 0.36 1.43
’20 0.37 0.25 0.28 0.35 1.19
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
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
41.60 45.97 52.03 74.55 77.55 88.70 87.70 74.40 76.60 70.35
High Price
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
52.59% 52.07% 52.67% 53.00% 51.91% 50.00% 49.53% 50.87% 52.48% 53.00%
Gross Margin
185 207 221 296 236 272 295 320 381 391
EBT
21.20% 22.33% 22.44% 28.53% 21.10% 20.68% 20.42% 21.49% 24.94% 25.56%
EBT Margin
187 210 226 296 241 276 299 330 385 402
Net Income
122 126 140 157 161 196 212 214 215 219
Depreciation
5.13 5.32 5.55 5.74 6.15 7.20 7.79 8.01 8.14 7.97
Revenue/Sh
0.97 1.09 1.20 1.54 1.19 1.43 1.53 1.69 1.96 2.01
Earnings/Sh
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
0.79 0.66 (0.01) 0.43 0.06 (1.27) 0.47 1.19 1.89 1.75
Free CF/Sh
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
6.95 8.31 8.76 12.27 10.30 12.18 8.24 8.89 8.18 7.60
PS Ratio
6.40 6.99 7.24 9.63 8.83 10.79 7.86 8.83 6.84 6.42
PB Ratio
7.11 8.52 8.89 12.59 10.47 12.58 8.71 9.22 8.34 7.94
EV/Sales
45.98 68.32 (5,329.05) 167.69 1,128.09 (71.02) 145.60 61.98 35.96 36.13
EV/FCF
352 378 414 444 417 509 476 548 597 571
Op' Cash Flow
(218) (263) (416) (366) (407) (742) (389) (326) (243) (235)
Capex
135 115 (2) 78 10 (233) 87 222 354 337
FCF
(1,899) (1,976) (2,157) (2,116) (2,523) (2,646) (2,812) (3,074) (3,023) (2,824)
Working Cap'
199 228 199 359 222 646 695 529 276 542
Total Debt
143 193 130 330 198 523 672 499 252 516
Net Debt
1,082 1,100 1,193 1,322 1,305 1,486 1,517 1,499 1,824 1,815
Sh' Equity
4.77% 5.36% 5.64% 6.91% 5.33% 5.40% 5.27% 5.66% 6.52% 6.79%
ROA
14.62% 14.99% 15.54% 12.99% 14.65% 12.07% 12.04% 14.34% 15.32% 14.01%
ROIC
18.20% 18.57% 18.54% 22.19% 17.38% 18.81% 18.95% 20.83% 22.09% 21.24%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Equity Lifestyle Properties, Inc. peers in Reit Residential

All 19 Reit Residential stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Equity Lifestyle Properties, Inc. (ELS) Latest News

News by impact score

Fine-tune

25 Sep

3

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

3

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

3

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

4 transcript

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.

3

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.

3 transcript

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

3

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.

3

Equity Lifestyle Properties reported second quarter results. Quarterly results provide updated financial metrics that may shift near-term valuation and sentiment.

4 May

4

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

4

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.

4

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

4

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

3

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

3

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

4

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

4 transcript

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.

4 transcript

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

4

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.

4

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.

3

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.

3

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

4

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

3

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

4

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

3

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.

3

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

3

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

4

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

3

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

3

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.

stockrow.com/ELS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com