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Thursday 5 November 2026 Export ELS’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Equity Lifestyle Properties, Inc. (ELS) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, Equity Lifestyle Properties, Inc. (ELS) trades at a P/B ratio of 6.5×. Over the past ten years it has ranged from 5.2× (March 2015) to 12.4× (September 2021); the current reading is higher than 13% of that period. That is above the Reit Residential industry median of 1.7× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 6.4× (6.25%)
FY2024 6.8× (22.49%)
FY2023 8.8× 12.38%
FY2022 7.9× (27.16%)
FY2021 10.8× 22.19%
FY2020 8.8× (8.29%)
FY2019 9.6× 32.95%
FY2018 7.2× 3.59%
FY2017 7.0× 9.29%
FY2016 6.4× (2.21%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 6.3× (8.92%)
Jun 2026 6.9× 3.49%
Mar 2026 6.6× 3.50%
Dec 2025 6.4× (0.77%)
43 more quarters

Against its own ten years

Low 5.2× High 12.4×
Ten-year median 7.7×
Current reading's percentile 5

P/B ratio against peers

Company P/B ratio
AMH American Homes 4 Rent compare 1.5×
JAN Janus Living, Inc. compare 1.6×
INVH Invitation Home compare 1.8×
MAA Mid-America Apartment Communities, Inc. compare 2.5×
SUI Sun Communities, Inc. compare 2.5×
CPT Camden Property Trust compare 2.7×
ESS Essex Property Trust, Inc. compare 3.1×
UDR United Dominion Realty Trust, Inc. compare 4.0×
ELS Equity Lifestyle Properties, Inc. 6.5×
Reit Residential industry median 1.7×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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