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) Price to free cash flow

Alert me on Price to free cash flow

As of 3 November 2026, Equity Lifestyle Properties, Inc. (ELS) trades at a price to free cash flow of 31.3×. Over the past ten years it has ranged from 0.0× (September 2022) to 1,138× (March 2021); the current reading is higher than 29% of that period. That is above the Reit Residential industry median of 23.0× and above the Real Estate sector median of 12.3×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 34.6× (1.86%)
FY2024 35.3× (40.97%)
FY2023 59.7× (56.67%)
FY2022 138× —
FY2021 0.0× —
FY2020 1,109× 578.50%
FY2019 163× —
FY2018 0.0× —
FY2017 66.7× 48.38%
FY2016 44.9× 88.71%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 30.3× (15.60%)
Jun 2026 35.9× 0.14%
Mar 2026 35.8× 3.58%
Dec 2025 34.6× (1.33%)
43 more quarters

Against its own ten years

Low 0.0× High 1,138×
Ten-year median 36.8×
Current reading's percentile 29

Price to free cash flow against peers

Company Price to free cash flow
INVH Invitation Home compare 7.1×
AMH American Homes 4 Rent compare 7.6×
MAA Mid-America Apartment Communities, Inc. compare 22.1×
ESS Essex Property Trust, Inc. compare 23.9×
SUI Sun Communities, Inc. compare 25.4×
ELS Equity Lifestyle Properties, Inc. 31.3×
UDR United Dominion Realty Trust, Inc. compare 36.6×
JAN Janus Living, Inc. compare 42.6×
CPT Camden Property Trust compare 59.1×
Reit Residential industry median 23.0×
Real Estate sector median 12.3×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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