Equity Lifestyle Properties, Inc.

ELS Real Estate Reit Residential

Equity Lifestyle Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, roughly unchanged from fiscal 2024.

Revenue
+4.22%
EPS
−10.0%
Free cash flow
+33.5%
Total debt
+19.5%

Quarter to September 2026, against a year earlier

62.55 2.25 +3.73%
Market cap
$12.6B
P/E
29.7×
Fwd P/E
28.8×
Dividend yield
3.56%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Equity Lifestyle Properties, Inc. (ELS) Free cash flow margin

Alert me on Free cash flow margin

Equity Lifestyle Properties, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 23.6%, up 1.7 percentage points from fiscal 2025 (22.0%). Over the past ten years it has ranged from −17.7% (fiscal 2021) to 28.7% (fiscal 2015); the current reading is higher than 82% of that period. That is below the Reit Residential industry median of 29.9% and above the Real Estate sector median of 9.33%.

Free cash flow margin, annual

Embed this chart

Annual newest first

Period Free cash flow margin Change (points)
FY2025 22.0% (1.22)
FY2024 23.2% 8.32
FY2023 14.9% 8.90
FY2022 5.98% 23.69
FY2021 −17.7% (18.64)
FY2020 0.93% (6.58)
FY2019 7.51% 7.68
FY2018 −0.17% (12.64)
FY2017 12.5% (3.00)
FY2016 15.5% (13.18)

Against its own ten years

Low −17.7% High 28.7%
Ten-year median 12.5%
Current reading's percentile 82

Free cash flow margin against peers

Company Free cash flow margin
AMH American Homes 4 Rent compare 79.7%
INVH Invitation Home compare 75.9%
UDR United Dominion Realty Trust, Inc. compare 49.9%
ESS Essex Property Trust, Inc. compare 36.7%
MAA Mid-America Apartment Communities, Inc. compare 27.6%
ELS Equity Lifestyle Properties, Inc. 23.6%
SUI Sun Communities, Inc. compare 22.8%
JAN Janus Living, Inc. compare 18.9%
CPT Camden Property Trust compare 11.1%
Reit Residential industry median 29.9%
Real Estate sector median 9.33%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

More on ELS