(ELS) Equity Lifestyle Properties - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US29472R1086

Manufactured Home Sites, RV Sites, Resort Accommodations

Single-Family Residential REITs
Market Cap in USD: 12,376m

IPO / Inception: 1993-02-24
12m vs SPY: -15.5%

EPS (Earnings per Share)

EPS CAGR: 10.83%
EPS Trend: 64.1%

Last SUE: 2.50
Qual. Beats: 1

Revenue

Rev. CAGR: 3.98%
Rev. Trend: 22.6%

Last SUE: -0.55
Qual. Beats: 0

Dividends

Dividend Yield	3.33%
Yield on Cost 5y	3.93%
Yield CAGR 5y	9.14%
Payout Consistency	95.0%
Payout Ratio	105.6%

Risk via 5d forecast
Volatility	19.9%
Value at Risk 5%th	32.4%
Relative Tail Risk	-1.22%

Reward TTM
Sharpe Ratio	-0.21
Alpha	-8.43
CAGR/Max DD	0.01

Character TTM
Hurst Exponent	0.264
Beta	0.149
Beta Downside	0.071

Drawdowns 3y
Max DD	21.04%
Mean DD	10.03%
Median DD	9.94%

Description: ELS Equity Lifestyle Properties January 03, 2026

Equity Lifestyle Properties Inc. (NYSE: ELS) is a self-administered, self-managed REIT headquartered in Chicago that, as of September 30 2025, owned or held interests in 455 single-family rental properties across 35 U.S. states and British Columbia, totaling 173,341 residential sites.

Key operating metrics that analysts watch include a portfolio-wide occupancy rate that has hovered around 96% in 2024-25, average rent growth of roughly 4.5% year-over-year driven by tight housing supply, and a funds-from-operations (FFO) yield near 6.2% after adjusting for recent acquisitions. The sector is sensitive to macro-economic factors such as mortgage rates, which influence home-buy versus rent decisions, and demographic trends like the continued migration of younger households into rental markets.

For a deeper quantitative view, you might explore the latest metrics on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (382.0m TTM) > 0 and > 6% of Revenue (6% = 87.3m TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA 2.53pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -38.99% (prev -43.76%; Δ 4.77pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 577.0m > Net Income 382.0m (YES >=105%, WARN >=100%)

Net Debt (3.26b) to EBITDA (738.8m) ratio: 4.42 <= 3.0 (WARN <= 3.5)

Current Ratio 0.19 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (200.1m) change vs 12m ago 2.36% (target <= -2.0% for YES)

Gross Margin 50.82% (prev 47.61%; Δ 3.21pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 25.55% (prev 24.75%; Δ 0.79pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.33 (EBITDA TTM 738.8m / Interest Expense TTM 158.3m) >= 6 (WARN >= 3)

Altman Z'' -0.21

(A) -0.10 = (Total Current Assets 136.1m - Total Current Liabilities 703.4m) / Total Assets 5.75b

(B) -0.04 = Retained Earnings (Balance) -225.7m / Total Assets 5.75b

(D) -0.06 = Book Value of Equity -226.3m / Total Liabilities 3.94b

Total Rating: -0.21 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 67.53

1. Piotroski 4.50pt

2. FCF Yield 3.27%

3. FCF Margin 35.15%

4. Debt/Equity 1.87

5. Debt/Ebitda 4.42

6. ROIC - WACC (= 2.96)%

7. RoE 21.91%

8. Rev. Trend 22.65%

9. EPS Trend 64.14%

What is the price of ELS shares?

As of January 16, 2026, the stock is trading at USD 61.71 with a total of 1,125,942 shares traded.
Over the past week, the price has changed by +1.44%, over one month by -0.11%, over three months by +0.69% and over the past year by -0.21%.

Is ELS a buy, sell or hold?

Equity Lifestyle Properties has received a consensus analysts rating of 4.06. Therefore, it is recommended to buy ELS.

Strong Buy: 7
Buy: 3
Hold: 6
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ELS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	69.6	12.7%
Analysts Target Price	69.6	12.7%
ValueRay Target Price	63.9	3.6%

ELS Fundamental Data Overview January 14, 2026

P/E Trailing = 30.5
P/E Forward = 29.7619
P/S = 8.0579
P/B = 6.7437
P/EG = 0.86
Revenue TTM = 1.45b USD
EBIT TTM = 527.3m USD
EBITDA TTM = 738.8m USD
Long Term Debt = 3.23b USD (from longTermDebt, last quarter)
Short Term Debt = 45.0m USD (from shortTermDebt, last quarter)
Debt = 3.28b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.26b USD (from netDebt column, last quarter)
Enterprise Value = 15.64b USD (12.38b + Debt 3.28b - CCE 13.2m)
Interest Coverage Ratio = 3.33 (Ebit TTM 527.3m / Interest Expense TTM 158.3m)
EV/FCF = 30.59x (Enterprise Value 15.64b / FCF TTM 511.4m)
FCF Yield = 3.27% (FCF TTM 511.4m / Enterprise Value 15.64b)
FCF Margin = 35.15% (FCF TTM 511.4m / Revenue TTM 1.45b)
Net Margin = 26.26% (Net Income TTM 382.0m / Revenue TTM 1.45b)
Gross Margin = 50.82% ((Revenue TTM 1.45b - Cost of Revenue TTM 715.6m) / Revenue TTM)
Gross Margin QoQ = 48.69% (prev 49.84%)
Tobins Q-Ratio = 2.72 (Enterprise Value 15.64b / Total Assets 5.75b)
Interest Expense / Debt = 1.93% (Interest Expense 63.3m / Debt 3.28b)
Taxrate = 21.0% (US default 21%)
NOPAT = 416.6m (EBIT 527.3m * (1 - 21.00%))
Current Ratio = 0.19 (Total Current Assets 136.1m / Total Current Liabilities 703.4m)
Debt / Equity = 1.87 (Debt 3.28b / totalStockholderEquity, last quarter 1.75b)
Debt / EBITDA = 4.42 (Net Debt 3.26b / EBITDA 738.8m)
Debt / FCF = 6.38 (Net Debt 3.26b / FCF TTM 511.4m)
Total Stockholder Equity = 1.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.71% (Net Income 382.0m / Total Assets 5.75b)
RoE = 21.91% (Net Income TTM 382.0m / Total Stockholder Equity 1.74b)
RoCE = 10.60% (EBIT 527.3m / Capital Employed (Equity 1.74b + L.T.Debt 3.23b))
RoIC = 8.38% (NOPAT 416.6m / Invested Capital 4.97b)
WACC = 5.43% (E(12.38b)/V(15.65b) * Re(6.46%) + D(3.28b)/V(15.65b) * Rd(1.93%) * (1-Tc(0.21)))
Discount Rate = 6.46% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.18%
[DCF Debug] Terminal Value 87.26% ; FCFF base≈450.5m ; Y1≈497.2m ; Y5≈641.2m
Fair Price DCF = 80.79 (EV 18.92b - Net Debt 3.26b = Equity 15.66b / Shares 193.8m; r=5.90% [WACC]; 5y FCF grow 11.92% → 2.90% )
EPS Correlation: 64.14 | EPS CAGR: 10.83% | SUE: 2.50 | # QB: 1
Revenue Correlation: 22.65 | Revenue CAGR: 3.98% | SUE: -0.55 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.55 | Chg30d=-0.010 | Revisions Net=+0 | Analysts=4
EPS next Year (2026-12-31): EPS=2.24 | Chg30d=+0.170 | Revisions Net=+0 | Growth EPS=+18.5% | Growth Revenue=+3.5%

Additional Sources for ELS Stock

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