ELS Stock Analysis: Equity Lifestyle Properties | NYSE
REIT - Residential | NYSE, USA | Market Cap: 11.696m USD | 12M Return: -1.3% | US29472R1086 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 94.9M
EPS Trend: 94.5%
Qual. Beats: 1
Rev. Trend: 81.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Equity LifeStyle Properties, Inc. (NYSE: ELS) is a self-administered, self-managed real estate investment trust (REIT) headquartered in Chicago, Illinois, and incorporated in Maryland in 1992. As of June 30, 2026, the company owns or holds interests in 453 properties spanning 35 U.S. states and British Columbia, totaling 173,419 sites. ELS trades as a large-cap stock with a market capitalization of approximately $12.08 billion USD and has been listed since its 1993 IPO.
As a REIT in the single-family residential sub-industry, ELS operates under the U.S. REIT structure, which requires it to distribute the majority of its taxable income to shareholders in exchange for pass-through tax treatment. ELSs focus on site-based properties, primarily within the manufactured housing and RV resort segments, distinguishes it from traditional apartment or single-family rental operators.
- MH portfolio occupancy and rent growth lift same-store revenue
- RV resort demand boosts seasonal resort segment revenue
- Interest rate cuts reduce borrowing costs for acquisitions
| Net Income: 401.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.15 > 1.0 |
| NWC/Revenue: -9.50% < 20% (prev -41.98%; Δ 32.47% < -1%) |
| CFO/TA 0.10 > 3% & CFO 588.6m > Net Income 401.8m |
| Net Debt (3.36b) to EBITDA (625.5m): 5.37 < 3 |
| Current Ratio: 0.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (200.2m) vs 12m ago 0.04% < -2% |
| Gross Margin: 43.32% > 18% (prev 43.90%; Δ -0.57% > 0.5%) |
| Asset Turnover: 27.54% > 50% (prev 25.71%; Δ 1.83% > 0%) |
| Interest Coverage Ratio: 3.01 > 6 (EBIT TTM 415.9m / Interest Expense TTM 138.0m) |
| A: -0.03 (Total Current Assets 66.6m - Total Current Liabilities 217.4m) / Total Assets 5.80b |
| B: -0.04 (Retained Earnings -231.3m / Total Assets 5.80b) |
| C: 0.07 (EBIT TTM 415.9m / Avg Total Assets 5.76b) |
| D: 0.44 (Book Value of Equity 1.76b / Total Liabilities 3.98b) |
| Altman-Z'' = 0.65 = B |
| DSRI: 0.29 (Receivables 31.0m/100.3m, Revenue 1.59b/1.47b) |
| GMI: 1.01 (GM 43.90% / 43.32%) |
| AQI: 1.33 (AQ_t 0.07 / AQ_t-1 0.05) |
| SGI: 1.08 (Revenue 1.59b / 1.47b) |
| TATA: -0.03 (NI 401.8m - CFO 588.6m) / TA 5.80b) |
| Beneish M = -3.35 (Cap -4..+1) = AA |
As of October 04, 2026, the stock is trading at USD 58.25 with a total of 2,252,712 shares traded. Over the past week, the price has changed by -1.65%, over one month by -6.87%, over three months by -11.27% and over the past year by -1.30%.
Current recommended Stop Loss: 56.90 (which is 2.3% or 1.4 ATR below the current price).
Equity Lifestyle Properties has received a consensus analysts rating of 4.22. Therefore, it is recommended to buy ELS.
- StrongBuy: 9
- Buy: 4
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 70.1 | 20.3% |
P/E Trailing = 28.3155
P/E Forward = 28.5714
P/S = 7.4587
P/B = 6.7441
P/EG = 4.3925
Revenue TTM = 1.59b USD
EBIT TTM = 415.9m USD
EBITDA TTM = 625.5m USD
Long Term Debt = 3.32b USD (from longTermDebt, last fiscal year)
Short Term Debt = 71.3m USD (from shortTermDebt, last fiscal year)
Debt = 3.39b USD (corrected: LT Debt 3.32b + ST Debt 71.3m)
Net Debt = 3.36b USD (calculated: Debt 3.39b - CCE 35.6m)
Enterprise Value = 15.1b USD (11.7b + Debt 3.39b - CCE 35.6m)
Interest Coverage Ratio = 3.01 (Ebit TTM 415.9m / Interest Expense TTM 138.0m)
EV/FCF = 43.41x (Enterprise Value 15.1b / FCF TTM 346.8m)
FCF Yield = 2.30% (FCF TTM 346.8m / Enterprise Value 15.1b)
FCF Margin = 21.85% (FCF TTM 346.8m / Revenue TTM 1.59b)
Net Margin = 25.32% (Net Income TTM 401.8m / Revenue TTM 1.59b)
Gross Margin = 43.32% ((Revenue TTM 1.59b - Cost of Revenue TTM 899.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev 27.44%)
Tobins Q-Ratio = 2.60 (Enterprise Value 15.1b / Total Assets 5.80b)
Interest Expense / Debt = 4.07% (Interest Expense 138.0m / Debt 3.39b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 328.5m (EBIT 415.9m * (1 - 21.00%))
Current Ratio = 0.31 (Total Current Assets 66.6m / Total Current Liabilities 217.4m)
Debt / Equity = 1.93 (Debt 3.39b / totalStockholderEquity, last quarter 1.76b)
Debt / EBITDA = 5.37 (Net Debt 3.36b / EBITDA 625.5m)
Debt / FCF = 9.68 (Net Debt 3.36b / FCF TTM 346.8m)
Total Stockholder Equity = 1.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.98% (Net Income 401.8m / Total Assets 5.80b)
RoE = 22.87% (Net Income TTM 401.8m / Total Stockholder Equity 1.76b)
RoCE = 8.19% (EBIT 415.9m / Capital Employed (Equity 1.76b + L.T.Debt 3.32b))
RoIC = 5.85% (NOPAT 328.5m / Invested Capital 5.62b)
WACC = 4.89% (E(11.7b)/V(15.1b) * Re(5.38%) + D(3.39b)/V(15.1b) * Rd(4.07%) * (1-Tc(0.21)))
Discount Rate = 5.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 74.61 | Cagr: 3.21%
[DCF] Terminal Value 75.28% ; FCFF base≈348.4m ; Y1≈346.4m ; Y5≈359.9m
[DCF] Fair Price = 11.61 (EV 5.61b - Net Debt 3.36b = Equity 2.25b / Shares 194.1m; r=8.35% [WACC [floored]]; 5y FCF grow -1.16% → 2.50% )
EPS Correlation: 94.52 | EPS CAGR: 11.15% | SUE: 1.04 | # QB: 1
Revenue Correlation: 80.97 | Revenue CAGR: 3.39% | SUE: 0.57 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.50 | Chg30d=+1.43% | Revisions=+38% | Analysts=6
EPS current Year (2026-12-31): EPS=2.05 | Chg30d=+0.20% | Revisions=-25% | GrowthEPS=+4.8% | GrowthRev=+2.7%
EPS next Year (2027-12-31): EPS=2.18 | Chg30d=-0.05% | Revisions=+0% | GrowthEPS=+6.6% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: +15% (up=6, down=4)