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

ELS EPS (Earnings per Share)

EPS Growth (3Y CAGR): 10.49%
EPS Trend (3Y Correlation): 54.3%

ELS Revenue

Revenue Growth (3Y CAGR): -0.40%
Revenue Trend (3Y Correlation): 5.9%

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	12,855m
Sub-Industry	Single-Family Residential REITs
IPO / Inception	1993-02-24

ELS Stock Ratings

Growth Rating	-23.7%
Fundamental	64.6%
Dividend Rating	66.3%
Return 12m vs S&P 500	-26.0%
Analyst Rating	4.06 of 5

ELS Dividends

Dividend Yield 12m	3.31%
Yield on Cost 5y	3.83%
Annual Growth 5y	8.65%
Payout Consistency	96.4%
Payout Ratio	85.4%

ELS Growth Ratios

Growth Correlation 3m	58.1%
Growth Correlation 12m	-85.3%
Growth Correlation 5y	-5%
CAGR 5y	2.71%
CAGR/Max DD 3y (Calmar Ratio)	0.13
CAGR/Mean DD 3y (Pain Ratio)	0.30
Sharpe Ratio 12m	-0.01
Alpha	-23.33
Beta	0.724
Volatility	23.64%
Current Volume	3485.4k
Average Volume 20d	2102.8k
Stop Loss	59.2 (-3%)
Signal	0.60

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (367.7m TTM) > 0 and > 6% of Revenue (6% = 86.9m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 0.15pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -42.64% (prev -41.74%; Δ -0.91pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 579.5m > Net Income 367.7m (YES >=105%, WARN >=100%)

Net Debt (3.24b) to EBITDA (726.9m) ratio: 4.45 <= 3.0 (WARN <= 3.5)

Current Ratio 0.18 (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 2.37% (target <= -2.0% for YES)

Gross Margin 50.55% (prev 47.76%; Δ 2.79pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 25.48% (prev 25.06%; Δ 0.41pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.93 (EBITDA TTM 726.9m / Interest Expense TTM 131.5m) >= 6 (WARN >= 3)

Altman Z'' -0.28

(A) -0.11 = (Total Current Assets 133.3m - Total Current Liabilities 750.7m) / Total Assets 5.72b

(B) -0.04 = Retained Earnings (Balance) -223.0m / Total Assets 5.72b

(D) -0.06 = Book Value of Equity -223.0m / Total Liabilities 3.91b

Total Rating: -0.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.57

1. Piotroski 4.0pt = -1.0

2. FCF Yield 2.18% = 1.09

3. FCF Margin 24.23% = 6.06

4. Debt/Equity 1.88 = 0.96

5. Debt/Ebitda 4.45 = -2.50

6. ROIC - WACC (= 3.97)% = 4.97

7. RoE 22.13% = 1.84

8. Rev. Trend 5.87% = 0.44

9. EPS Trend 54.31% = 2.72

What is the price of ELS shares?

As of November 02, 2025, the stock is trading at USD 61.05 with a total of 3,485,400 shares traded.
Over the past week, the price has changed by -0.81%, over one month by +0.58%, over three months by +2.77% and over the past year by -10.12%.

Is Equity Lifestyle Properties a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Equity Lifestyle Properties is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 64.57 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ELS is around 56.41 USD . This means that ELS is currently overvalued and has a potential downside of -7.6%.

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	70.9	16.2%
Analysts Target Price	70.9	16.2%
ValueRay Target Price	62.1	1.8%

ELS Fundamental Data Overview October 25, 2025

Market Cap USD = 12.85b (12.85b USD * 1.0 USD.USD)
P/E Trailing = 30.495
P/E Forward = 28.8184
P/S = 8.3797
P/B = 6.8422
P/EG = 5.0864
Beta = 0.724
Revenue TTM = 1.45b USD
EBIT TTM = 516.7m USD
EBITDA TTM = 726.9m USD
Long Term Debt = 3.25b USD (from longTermDebt, last quarter)
Short Term Debt = 90.0m USD (from shortTermDebt, last quarter)
Debt = 3.25b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.24b USD (from netDebt column, last quarter)
Enterprise Value = 16.09b USD (12.85b + Debt 3.25b - CCE 9.91m)
Interest Coverage Ratio = 3.93 (Ebit TTM 516.7m / Interest Expense TTM 131.5m)
FCF Yield = 2.18% (FCF TTM 350.8m / Enterprise Value 16.09b)
FCF Margin = 24.23% (FCF TTM 350.8m / Revenue TTM 1.45b)
Net Margin = 25.40% (Net Income TTM 367.7m / Revenue TTM 1.45b)
Gross Margin = 50.55% ((Revenue TTM 1.45b - Cost of Revenue TTM 716.0m) / Revenue TTM)
Gross Margin QoQ = 49.84% (prev 52.57%)
Tobins Q-Ratio = 2.81 (Enterprise Value 16.09b / Total Assets 5.72b)
Interest Expense / Debt = 0.99% (Interest Expense 32.2m / Debt 3.25b)
Taxrate = -6.23% (negative due to tax credits) (-5.20m / 83.5m)
NOPAT = 548.8m (EBIT 516.7m * (1 - -6.23%)) [negative tax rate / tax credits]
Current Ratio = 0.18 (Total Current Assets 133.3m / Total Current Liabilities 750.7m)
Debt / Equity = 1.88 (Debt 3.25b / totalStockholderEquity, last quarter 1.73b)
Debt / EBITDA = 4.45 (Net Debt 3.24b / EBITDA 726.9m)
Debt / FCF = 9.23 (Net Debt 3.24b / FCF TTM 350.8m)
Total Stockholder Equity = 1.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.43% (Net Income 367.7m / Total Assets 5.72b)
RoE = 22.13% (Net Income TTM 367.7m / Total Stockholder Equity 1.66b)
RoCE = 10.52% (EBIT 516.7m / Capital Employed (Equity 1.66b + L.T.Debt 3.25b))
RoIC = 11.12% (NOPAT 548.8m / Invested Capital 4.94b)
WACC = 7.14% (E(12.85b)/V(16.10b) * Re(8.68%) + D(3.25b)/V(16.10b) * Rd(0.99%) * (1-Tc(-0.06)))
Discount Rate = 8.68% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.17%
[DCF Debug] Terminal Value 76.45% ; FCFE base≈345.6m ; Y1≈355.7m ; Y5≈399.7m
Fair Price DCF = 32.27 (DCF Value 6.25b / Shares Outstanding 193.8m; 5y FCF grow 2.90% → 3.0% )
EPS Correlation: 54.31 | EPS CAGR: 10.49% | SUE: 2.50 | # QB: 1
Revenue Correlation: 5.87 | Revenue CAGR: -0.40% | SUE: -0.19 | # QB: 0

Additional Sources for ELS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle