Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Equity LifeStyle Properties, Inc.

ELSNYSE
Wall Street Score · overall investment32/100
$57.97USD$-1.52 (-2.56%)
Company website www.equitylifestyleproperties.com
HeadquartersTwo North Riverside Plaza, Chicago, IL, 60606-2609, US
Financial statement currencyUSD · no FX conversion applied
Real Estate · REIT - Residential
Price updated todayFinancials updated Oct 21, 2026

ELS · Price history

Price at last available close

$57.97

−$0.74 (-1.26%) 1M

2026-10-28

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Company & revenue

About Equity LifeStyle Properties, Inc.

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Based in Chicago, Equity LifeStyle Properties, Inc. operates as a self-managed Real Estate Investment Trust (REIT). As of January 25, 2021, its extensive portfolio includes 423 quality properties located across 33 U. S.

How they make money

Equity LifeStyle Properties operates as a real estate investment trust that generates revenue primarily by leasing developed sites within its manufactured home communities, RV resorts, and marinas. The company earns income through long-term and short-term site leases, membership subscriptions for property access, and ancillary services related to property operations and home sales.

Products & services

The company provides developed sites for manufactured homes, recreational vehicles, and boats, along with membership-based access to its network of lifestyle-oriented properties and associated community amenities.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

Customer concentration

The company does not disclose specific customer concentration as its revenue is derived from a large, diverse base of individual residents and members across its portfolio for the year ended December 31, 2025.

Suppliers, materials & equipment

  • Utility providers — The company relies on various utility providers for water, sewer, electricity, and gas services at its properties; the specific suppliers are unnamed.Source

Competitors

  • Sun Communities, Inc. — A real estate investment trust that owns and operates manufactured home communities and RV resorts, directly competing for residents and site rentals.Source

Strengths

  • Large portfolio of lifestyle-oriented properties in desirable locationsSource
  • Low maintenance and customer turnover costs compared to other real estate sectorsSource

Risks

  • Geographic concentration of properties in Florida, Northeast, California, and ArizonaSource
  • Sensitivity to adverse market and economic conditions in key regional marketsSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

32

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

55

Fair

Financial Strength

61

Business Quality / Moat

48

Management

60

Growth Quality

34

Risk / Durability

74

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

34

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

40/100

Building Historical Record

Model Score 40/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

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WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like

No strong positive signal is being highlighted from the currently available summary data.

What to watch
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Asset quality is a weaker factor

Company-specific research

Questions worth answering for ELS

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can ELS maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is ELS's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is ELS's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What future growth or profitability would be needed to justify ELS's current valuation?
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

32

0–100 · Poor

Opportunity Score

34

0–100 · Poor

Market Cap

$11.25B

P/E Ratio

31.0

EPS

$2.00

52-Week High

$69.00

52-Week Low

$57.46

Beta

0.64

Intrinsic Value

$31.63

Analyst Target

$65.00

Shares Outstanding

200.1M

Total Revenue

$1.59B

Total Debt

$3.31B

Dividend Yield (TTM)

3.46%

View dividend history

Liquidation Value / Share

$9.08

Estimated net asset value per share

Dividend / Share (TTM)

$2.14

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
41/ 100
-4 pts / 5d

Weakening momentum

5D -2.0% · 20D -0.6% · RSI 48 · Price vs 20D avg -2.6%
Volatility
34/ 100
+11 pts / 5d

Low movement

20D realized vol 28.3% · 60D 19.5% · Acceleration 1.46x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for ELS

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on ELS.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Large portfolio of lifestyle-oriented properties in desirable locations.
  • +Low maintenance and customer turnover costs compared to other real estate sectors.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the REIT - Residential industry.
  • −Geographic concentration of properties in Florida, Northeast, California, and Arizona.
  • −Sensitivity to adverse market and economic conditions in key regional markets.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak32/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

32

Tap for breakdown →

Fair

50

Debt Cost4.0%
Debt Reduction YoY-5.0%
Debt / Equity1.92x

Tap for breakdown →

Poor

22

Revenue YoY3.6%
Revenue CAGR4.4%
Net Margin25.3%

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Poor

24

Asset Growth YoY1.8%
Liquidation/Share$9.08
Net Assets/MCap0.21x

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Poor

14

Earnings Yield3.3%
Buyback Yield0.0%
Debt Cost4.0%

Tap for breakdown →

Fair

60

ROIC10.3%
ROE22.9%
ROA6.9%

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Weak

48

EPS Growth6.4%
FCF/Share Growth3.0%
Rev/Share Growth4.8%

Tap for breakdown →

Poor

10

Intrinsic Value$31.63
Value Reference$18.98
MOS-95.9%

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Poor

38

Revenue22
Moat48
Valuation10

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Poor

0

MOS %-95.9%
Value Reference$18.98
Deep Discount Reference$12.65

Tap for breakdown →

Weak

44

Interest Coverage3.9x
ROIC10.3%
FCF Yield2.8%

Tap for breakdown →

Poor

39

Financial44
Valuation10
Debt50

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Strong

73

Survival Years3.3 yrs
Current Ratio1.68x
FCF Margin21.8%

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Score Changes

7 historical score records available

Previous Score

33

Oct 1, 2026

Change

-0.8

points

Current Score

32

Oct 21, 2026

Category Changes

Revenue-0.3
Debt0
Assets-0.4
Capital-1.0
Management0
Moat0
Valuation-5.9
Buffett-0.7

ELS decreased 0.8 points because Valuation declined by 5.9 points.

Negative Contributors

  • − Valuation declined by 5.9 points

Projected Score

Projected Score

39

Projected Change

+6.4 points

Preliminary comparable-period financial changes suggest improvement of approximately 6.4 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Overvalued

Current Price

$57.97

Model Intrinsic Value

$31.63

Difference

+$26.34

+83.3% vs IV

Margin of Safety

-83.3%

UndervaluedFair ValueOvervalued
Value Reference: $18.98
Deep Discount Reference: $12.65

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$400M$800M$1.2B$1.6B

Additional Metrics

Operating Cash Flow

201520172019202120232025$0$150M$300M$450M$600M

Total Debt

201520172019202120232025$0$900M$1.8B$2.7B$3.6B

Total Assets

201520172019202120232025$0$1.5B$3.0B$4.5B$6.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$1.59B$1.53B$1.43B$1.40B····························
Cost of Revenue$899.3M$955.1M$725.3M$731.7M····························
Gross Profit$687.4M$576.3M$708.0M$672.5M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$44.1M$53.6M$88.2M$95.7M····························
Operating Expenses$120.3M$58.4M$292.1M$299.4M····························
EBITDA$632.7M$612.5M$731.6M$660.6M····························
Operating Income$567.2M$517.9M$415.9M$373.1M····························
Interest Expense$138.0M$133.9M$137.7M$132.3M····························
Income Before Tax$411.8M$398.8M$384.5M$319.2M····························
Income Tax Expense-$3.4M-$3.3M-$354K-$10.5M····························
Net Income$401.8M$386.5M$367.0M$314.2M····························
Basic EPS$2.00$1.93$1.96$1.69····························
Basic Shares194M200M187M186M····························
Diluted Shares200M200M197M195M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Feb 1, 2027
Estimated EPS: $0.54Estimated revenue: $389.1M
Jun 30, 2026Q2FY2026

Revenue

$397.8M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.48

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+2.0%

Cash Change

+259.6%

Margin Change

+2.8 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Cash position grew

What Weakened

  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 6.8%. EPS increased 14.3%. Cash increased 259.6%. Total debt increased 2.0%. Net income margin improved by 2.8 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Earnings data: 121 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

7 historical records
Jul 23, 26Aug 13, 26Sep 4, 26Sep 7, 26Sep 21, 26Oct 1, 26Oct 21, 260255075100

Historical Score Chart

3 of 7 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 4 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Debt Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Revenue Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Asset Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Capital Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Management Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Moat Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Valuation Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Buffett Score

Sep 21, 26Oct 1, 26Oct 21, 260255075100

Intrinsic Value

Sep 21, 26Oct 1, 26Oct 21, 26$29.00$30.00$31.00$32.00$33.00

Value Reference

Sep 21, 26Oct 1, 26Oct 21, 26$16.00$17.00$18.00$19.00$20.00

Margin of Safety %

Sep 21, 26Oct 1, 26Oct 21, 26-1.0%-0.9%-0.9%-0.9%-0.8%

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News

Rumor Mill · ELS

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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