Saturday 17 October 2026 Export ELS’s income statement to Excel — free account

Equity Lifestyle Properties, Inc.

Equity Lifestyle Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 5.56%, EPS grew 19.1%, free cash flow grew 14.7% and total debt rose 29.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for ten.

61.21 0.96 +1.59%

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Market cap: $12.1B
P/E: 29.4×
Fwd P/E: 30.8×
Dividend yield: 3.50%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	—	—	—	—	—	—	—

Insider Ownership 1.01%

Capital & Financial Ratios $m

Market Cap 12,080.00

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 29.43

Fwd P/E 30.80

P/S ratio 7.59

P/B ratio 6.53

Past 5Y EPS Growth 11.05%

This Y EPS Growth 3.33%

Next Y EPS Growth 6.06%

Next Y revenue growth 2.72%

Next 5Y EPS Growth 5.81%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 0.96%

10-year low 10-year high

P/S against its own 10 years 11.43%

10-year low 10-year high

P/B against its own 10 years 7.56%

10-year low 10-year high

EV/Sales against its own 10 years 13.31%

10-year low 10-year high

EV/FCF against its own 10 years 18.89%

10-year low 10-year high

Dividends

Payout Ratio 1.03

Annual Dividend Rate 2.14

Annual Dividend Yield 3.50%

	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 special payouts not included in total or ratios

Assets vs Liabilities $m

	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

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 $m

	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

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	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
	High	41.60	45.97	52.03	74.55	77.55	88.70	87.70	74.40	76.60	70.35
People
People	Employees	4,100	4,100	4,100	4,200	4,000	4,100	4,200	4,000	3,800	3,700
	Revenue/emp, $m	0.21	0.23	0.24	0.25	0.28	0.32	0.34	0.37	0.40	0.41
Income, $m
Income, $m	Revenue	870	925	987	1,037	1,119	1,316	1,447	1,489	1,526	1,531
	Gross margin, %	52.59	52.07	52.67	53.00	51.91	50.00	49.53	50.87	52.48	53.00
	EBT	185	207	221	296	236	272	295	320	381	391
	EBT margin, %	21.20	22.33	22.44	28.53	21.10	20.68	20.42	21.49	24.94	25.56
	Net income	187	210	226	296	241	276	299	330	385	402
	Depreciation	122	126	140	157	161	196	212	214	215	219
Per share, $
Per share, $	Revenue	5.13	5.32	5.55	5.74	6.15	7.20	7.79	8.01	8.14	7.97
	Earnings	0.97	1.09	1.20	1.54	1.19	1.43	1.53	1.69	1.96	2.01
	Cash flow	2.08	2.17	2.33	2.45	2.30	2.78	2.56	2.95	3.18	2.97
	Capex	(1.28)	(1.51)	(2.34)	(2.02)	(2.24)	(4.06)	(2.10)	(1.75)	(1.29)	(1.22)
	Free cash flow	0.79	0.66	(0.01)	0.43	0.06	(1.27)	0.47	1.19	1.89	1.75
	Book value	6.38	6.32	6.71	7.31	7.18	8.12	8.17	8.05	9.73	9.45
	Shares, m	170	174	178	181	182	183	186	186	187	192
Valuation, ×
Valuation, ×	P/E	36.97	40.37	40.64	45.86	49.94	61.30	41.95	42.34	34.15	30.15
	P/S	6.95	8.31	8.76	12.27	10.30	12.18	8.24	8.89	8.18	7.60
	P/B	6.40	6.99	7.24	9.63	8.83	10.79	7.86	8.83	6.84	6.42
	EV/Sales	7.11	8.52	8.89	12.59	10.47	12.58	8.71	9.22	8.34	7.94
	EV/FCF	45.98	68.32	(5,329.05)	167.69	1,128.09	(71.02)	145.60	61.98	35.96	36.13
Cash, $m
Cash, $m	Operating cash flow	352	378	414	444	417	509	476	548	597	571
	Capex	(218)	(263)	(416)	(366)	(407)	(742)	(389)	(326)	(243)	(235)
	Free cash flow	135	115	(2)	78	10	(233)	87	222	354	337
Balance, $m
Balance, $m	Working capital	(1,899)	(1,976)	(2,157)	(2,116)	(2,523)	(2,646)	(2,812)	(3,074)	(3,023)	(2,824)
	Total debt	199	228	199	359	222	646	695	529	276	542
	Net debt	143	193	130	330	198	523	672	499	252	516
	Shareholders’ equity	1,082	1,100	1,193	1,322	1,305	1,486	1,517	1,499	1,824	1,815
Returns, %
Returns, %	ROA	4.77	5.36	5.64	6.91	5.33	5.40	5.27	5.66	6.52	6.79
	ROIC	14.62	14.99	15.54	12.99	14.65	12.07	12.04	14.34	15.32	14.01
	ROE	18.20	18.57	18.54	22.19	17.38	18.81	18.95	20.83	22.09	21.24

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ESS Essex Property Trust, Inc.	$17.9B	41.9×	47.4×	+4.09% (above 0%: growing)	−71.80% (below 0%: shrinking)	+21.02% (above 0%: growing)	68.42%	22.36%	Compare
UDR United Dominion Realty Trust, Inc.	$17.9B	21.7×	46.5×	0.00%	+90.91% (above 0%: growing)	−27.77% (below 0%: shrinking)	62.41%	27.23%	Compare
INVH Invitation Home	$15.8B	24.8×	39.7×	+9.71% (above 0%: growing)	+60.87% (above 0%: growing)	+41.97% (above 0%: growing)	55.10%	24.62%	Compare
SUI Sun Communities, Inc.	$14.1B	— (loss-making)	54.0×	+8.02% (above 0%: growing)	n/m	−12.76% (below 0%: shrinking)	55.40%	12.25%	Compare
MAA Mid-America Apartment Communities, Inc.	$13.8B	34.1×	40.5×	+0.95% (above 0%: growing)	+13.04% (above 0%: growing)	−3.86% (below 0%: shrinking)	57.37%	25.36%	Compare
CPT Camden Property Trust	$13.3B	32.7×	102×	−0.90% (below 0%: shrinking)	−75.68% (below 0%: shrinking)	−1,195.62% (below 0%: shrinking)	64.13%	12.20%	Compare
ELS Equity Lifestyle Properties, Inc.	$12.1B	29.4×	30.8×	+5.56% (above 0%: growing)	+19.05% (above 0%: growing)	+14.74% (above 0%: growing)	51.52%	32.00%
AMH American Homes 4 Rent	$11.1B	24.8×	44.5×	+2.75% (above 0%: growing)	+10.71% (above 0%: growing)	+24.76% (above 0%: growing)	58.35%	25.92%	Compare
IRT Independence Realty Trust, Inc.	$3.6B	80.1×	120×	+3.12% (above 0%: growing)	−51.67% (below 0%: shrinking)	−14.38% (below 0%: shrinking)	57.36%	15.51%	Compare
Median of peers	$14.0B	32.7×	47.0×	+2.94%	+10.71%	−8.31%	57.86%	23.49%

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.
As of October 16, 2026, ELS traded at $61.21, a market capitalization of $12.1 billion.
Equity Lifestyle Properties, Inc. pays an annual dividend of $2.14 per share, a yield of 3.50%, with a payout ratio of 103.0%.
Return on equity was 21.2% and debt-to-equity 0.31.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.