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): 55.6%

ELS Revenue

Revenue Growth (3Y CAGR): 5.79%
Revenue Trend (3Y Correlation): 32.1%

Risk via 10d forecast
Volatility	20.2%
Value at Risk 5%th	33.1%
Relative Tail Risk	-0.28%

Reward TTM
Sharpe Ratio	-0.73
Alpha	-17.37

Character TTM
Hurst Exponent	0.357
Beta	0.199
Beta Downside	0.156

Drawdowns 3y
Max DD	21.04%
Mean DD	9.27%
Median DD	9.16%

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	12,097m
Sub-Industry	Single-Family Residential REITs
IPO / Inception	1993-02-24
Return 12m vs S&P 500	-22.0%
Analyst Rating	4.06 of 5

ELS Dividends

Dividend Yield	3.26%
Yield on Cost 5y	3.60%
Yield CAGR 5y	8.65%
Payout Consistency	96.4%
Payout Ratio	103.7%

ELS Growth Ratios

CAGR 3y	1.29%
CAGR/Max DD Calmar Ratio	0.06
CAGR/Mean DD Pain Ratio	0.14
Current Volume	926.5k
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 -8.68% (prev -43.76%; Δ 35.08pp) (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 (3.24b) to EBITDA (732.1m) ratio: 4.42 <= 3.0 (WARN <= 3.5)

Current Ratio 0.43 (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 3.30 (EBITDA TTM 732.1m / Interest Expense TTM 158.3m) >= 6 (WARN >= 3)

Altman Z'' 0.28

(A) -0.02 = (Total Current Assets 96.8m - Total Current Liabilities 224.9m) / 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: 0.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 71.29

1. Piotroski 4.50pt = -0.50

2. FCF Yield 3.33% = 1.66

3. FCF Margin 34.67% = 7.50

4. Debt/Equity 1.88 = 0.94

5. Debt/Ebitda 4.42 = -2.50

6. ROIC - WACC (= 5.74)% = 7.17

7. RoE 21.91% = 1.83

8. Rev. Trend 32.07% = 2.41

9. EPS Trend 55.60% = 2.78

What is the price of ELS shares?

As of November 16, 2025, the stock is trading at USD 62.12 with a total of 926,472 shares traded.
Over the past week, the price has changed by +0.00%, over one month by -0.14%, over three months by +3.93% and over the past year by -10.57%.

Is Equity Lifestyle Properties a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Equity Lifestyle Properties (NYSE:ELS) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 71.29 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ELS is around 58.11 USD . This means that ELS is currently overvalued and has a potential downside of -6.46%.

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	13.5%
Analysts Target Price	70.5	13.5%
ValueRay Target Price	63.2	1.7%

ELS Fundamental Data Overview November 05, 2025

Market Cap USD = 12.10b (12.10b USD * 1.0 USD.USD)
P/E Trailing = 30.2
P/E Forward = 28.8184
P/S = 7.8761
P/B = 6.8422
P/EG = 5.0864
Beta = 0.724
Revenue TTM = 1.47b USD
EBIT TTM = 521.8m USD
EBITDA TTM = 732.1m USD
Long Term Debt = 3.13b USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.65m USD (from shortTermDebt, last quarter)
Debt = 3.30b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.24b USD (from netDebt column, last quarter)
Enterprise Value = 15.36b USD (12.10b + Debt 3.30b - CCE 39.3m)
Interest Coverage Ratio = 3.30 (Ebit TTM 521.8m / Interest Expense TTM 158.3m)
FCF Yield = 3.33% (FCF TTM 511.4m / Enterprise Value 15.36b)
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 = 2.67 (Enterprise Value 15.36b / Total Assets 5.75b)
Interest Expense / Debt = 1.92% (Interest Expense 63.3m / Debt 3.30b)
Taxrate = -8.95% (negative due to tax credits) (-8.98m / 100.4m)
NOPAT = 568.5m (EBIT 521.8m * (1 - -8.95%)) [negative tax rate / tax credits]
Current Ratio = 0.43 (Total Current Assets 96.8m / Total Current Liabilities 224.9m)
Debt / Equity = 1.88 (Debt 3.30b / totalStockholderEquity, last quarter 1.75b)
Debt / EBITDA = 4.42 (Net Debt 3.24b / EBITDA 732.1m)
Debt / FCF = 6.33 (Net Debt 3.24b / 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 = 10.71% (EBIT 521.8m / Capital Employed (Equity 1.74b + L.T.Debt 3.13b))
RoIC = 11.49% (NOPAT 568.5m / Invested Capital 4.95b)
WACC = 5.75% (E(12.10b)/V(15.40b) * Re(6.75%) + D(3.30b)/V(15.40b) * Rd(1.92%) * (1-Tc(-0.09)))
Discount Rate = 6.75% (= 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: 55.60 | EPS CAGR: 10.49% | SUE: 3.07 | # QB: 1
Revenue Correlation: 32.07 | Revenue CAGR: 5.79% | SUE: 0.15 | # QB: 0

Additional Sources for ELS Stock

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