Overview Dividends

(ELS) Equity Lifestyle Properties - Ratings and Ratios

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

Manufactured Home Communities, Recreational Vehicle Resorts, Campgrounds, Marinas

EPS (Earnings per Share)

EPS (Earnings per Share) of ELS over the last years for every Quarter: "2020-09": 0.31, "2020-12": 0.35, "2021-03": 0.35, "2021-06": 0.32, "2021-09": 0.38, "2021-12": 0.34, "2022-03": 0.43, "2022-06": 0.33, "2022-09": 0.38, "2022-12": 0.38, "2023-03": 0.42, "2023-06": 0.34, "2023-09": 0.41, "2023-12": 0.47, "2024-03": 0.49, "2024-06": 0.37, "2024-09": 0.42, "2024-12": 0.48, "2025-03": 0.57, "2025-06": 0.4, "2025-09": 0.5,
EPS Growth (3y CAGR): 10.49%
EPS Trend (3y Corr): 54.3%
Last SUE: 2.50σ
Qual. Beats: 1

Revenue

Revenue of ELS over the last years for every Quarter: 2020-09: 281.757, 2020-12: 269.208, 2021-03: 300.944, 2021-06: 327.14, 2021-09: 344.192, 2021-12: 322.469, 2022-03: 356.526, 2022-06: 360.966, 2022-09: 376.705, 2022-12: 336.887, 2023-03: 365.773, 2023-06: 365.282, 2023-09: 384.204, 2023-12: 289.017, 2024-03: 366.814, 2024-06: 374.969, 2024-09: 366.194, 2024-12: 341.521, 2025-03: 367.523, 2025-06: 372.58, 2025-09: 393.314,
Revenue Growth (3y CAGR): 5.79%
Revenue Trend (3y Corr): 32.1%
Last SUE: 0.15σ
Qual. Beats: 0
Risk via 10d forecast
Volatility 20.4%
Value at Risk 5%th 33.3%
Relative Tail Risk -0.67%
Reward TTM
Sharpe Ratio -0.53
Alpha -14.10
Character TTM
Hurst Exponent 0.374
Beta 0.194
Beta Downside 0.146
Drawdowns 3y
Max DD 21.04%
Mean DD 9.36%
Median DD 9.23%

Description: ELS Equity Lifestyle Properties October 31, 2025

Equity Lifestyle Properties Inc. (NYSE: ELS) is a self-administered, self-managed REIT headquartered in Chicago that, as of July 21 2025, holds interests in 455 single-family rental properties across 35 U.S. states and British Columbia, totaling roughly 173,340 residential sites.

Key operating metrics (as of the most recent quarterly filing) show an occupancy rate of about 96 % and an annualized net operating income (NOI) growth of 5.2 % YoY, driven by a 3.8 % increase in average rent per unit and ongoing portfolio expansion in high-growth Sunbelt markets. The REIT’s leverage stands at a debt-to-EBITDA ratio of 4.1 ×, reflecting a moderate risk profile in a sector that is sensitive to interest-rate movements and demographic shifts toward rental-friendly households.

Given the persistent shortage of affordable single-family housing and the favorable supply-demand dynamics in many of ELS’s target metros, the company’s growth outlook is closely tied to macro-economic variables such as mortgage rates, employment trends, and migration patterns.

If you want a deeper, data-driven view of ELS’s valuation and risk factors, the ValueRay platform offers a transparent, model-based analysis worth exploring.

ELS Stock Overview

Market Cap in USD 12,512m
Sub-Industry Single-Family Residential REITs
IPO / Inception 1993-02-24
Return 12m vs S&P 500 -18.3%
Analyst Rating 4.06 of 5

ELS Dividends

Metric Value
Dividend Yield 4.03%
Yield on Cost 5y 4.87%
Yield CAGR 5y 8.65%
Payout Consistency 92.6%
Payout Ratio 103.7%

ELS Growth Ratios

Metric Value
CAGR 3y 2.54%
CAGR/Max DD Calmar Ratio 0.12
CAGR/Mean DD Pain Ratio 0.27
Current Volume 1810.2k
Average Volume 1797.9k

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (382.0m TTM) > 0 and > 6% of Revenue (6% = 88.5m TTM)
FCFTA 0.09 (>2.0%) and ΔFCFTA 2.53pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -38.46% (prev -43.76%; Δ 5.30pp) (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 (767.3m) ratio: 4.25 <= 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 54.04% (prev 47.61%; Δ 6.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 25.90% (prev 24.75%; Δ 1.14pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 3.52 (EBITDA TTM 767.3m / Interest Expense TTM 158.3m) >= 6 (WARN >= 3)

Altman Z'' -0.18

(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
(C) 0.10 = EBIT TTM 557.0m / Avg Total Assets 5.70b
(D) -0.06 = Book Value of Equity -226.3m / Total Liabilities 3.94b
Total Rating: -0.18 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.08

1. Piotroski 4.50pt
2. FCF Yield 3.24%
3. FCF Margin 34.67%
4. Debt/Equity 1.87
5. Debt/Ebitda 4.25
6. ROIC - WACC (= 6.44)%
7. RoE 21.91%
8. Rev. Trend 32.07%
9. EPS Trend 54.31%

What is the price of ELS shares?

As of November 23, 2025, the stock is trading at USD 63.01 with a total of 1,810,215 shares traded.
Over the past week, the price has changed by +1.43%, over one month by +0.11%, over three months by +5.29% and over the past year by -8.17%.

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 70.5 11.9%
Analysts Target Price 70.5 11.9%
ValueRay Target Price 64.8 2.9%

ELS Fundamental Data Overview November 20, 2025

Market Cap USD = 12.51b (12.51b USD * 1.0 USD.USD)
P/E Trailing = 30.835
P/E Forward = 30.1205
P/S = 8.1464
P/B = 6.8178
P/EG = 0.8694
Beta = 0.789
Revenue TTM = 1.47b USD
EBIT TTM = 557.0m USD
EBITDA TTM = 767.3m 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 = 15.78b USD (12.51b + Debt 3.28b - CCE 13.2m)
Interest Coverage Ratio = 3.52 (Ebit TTM 557.0m / Interest Expense TTM 158.3m)
FCF Yield = 3.24% (FCF TTM 511.4m / Enterprise Value 15.78b)
FCF Margin = 34.67% (FCF TTM 511.4m / Revenue TTM 1.47b)
Net Margin = 25.90% (Net Income TTM 382.0m / Revenue TTM 1.47b)
Gross Margin = 54.04% ((Revenue TTM 1.47b - Cost of Revenue TTM 677.8m) / Revenue TTM)
Gross Margin QoQ = 60.89% (prev 49.84%)
Tobins Q-Ratio = 2.75 (Enterprise Value 15.78b / Total Assets 5.75b)
Interest Expense / Debt = 1.93% (Interest Expense 63.3m / Debt 3.28b)
Taxrate = -8.95% (negative due to tax credits) (-8.98m / 100.4m)
NOPAT = 606.8m (EBIT 557.0m * (1 - -8.95%)) [negative tax rate / tax credits]
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 = 4.25 (Net Debt 3.26b / EBITDA 767.3m)
Debt / FCF = 6.38 (Net Debt 3.26b / FCF TTM 511.4m)
Total Stockholder Equity = 1.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.65% (Net Income 382.0m / Total Assets 5.75b)
RoE = 21.91% (Net Income TTM 382.0m / Total Stockholder Equity 1.74b)
RoCE = 11.19% (EBIT 557.0m / Capital Employed (Equity 1.74b + L.T.Debt 3.23b))
RoIC = 12.21% (NOPAT 606.8m / Invested Capital 4.97b)
WACC = 5.77% (E(12.51b)/V(15.79b) * Re(6.73%) + D(3.28b)/V(15.79b) * Rd(1.93%) * (1-Tc(-0.09)))
Discount Rate = 6.73% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 1.18%
[DCF Debug] Terminal Value 79.66% ; FCFE base≈450.5m ; Y1≈497.3m ; Y5≈642.8m
Fair Price DCF = 57.65 (DCF Value 11.17b / Shares Outstanding 193.8m; 5y FCF grow 11.92% → 3.0% )
EPS Correlation: 54.31 | EPS CAGR: 10.49% | SUE: 2.50 | # QB: 1
Revenue Correlation: 32.07 | Revenue CAGR: 5.79% | SUE: 0.15 | # QB: 0

Additional Sources for ELS Stock

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