8-K Announcements
6Apr 22, 2026·SEC
Feb 26, 2026·SEC
Feb 9, 2026·SEC
Equity LifeStyle Properties, Inc. (ELS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Equity LifeStyle Properties, Inc. (ELS) stock price & volume — 10-year historical chart
Equity LifeStyle Properties, Inc. (ELS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Equity LifeStyle Properties, Inc. (ELS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $0.84vs $0.55+53.8% | $398Mvs $396M+0.5% |
| Q1 2026 | Jan 28, 2026 | $0.79vs $0.54+45.8% | $374Mvs $382M-2.2% |
| Q4 2025 | Oct 22, 2025 | $0.75vs $0.46+61.3% | $373Mvs $383M-2.6% |
| Q3 2025 | Jul 21, 2025 | $0.69vs $0.41+66.6% | $373Mvs $393M-5.2% |
Equity LifeStyle Properties, Inc. (ELS) competitors in Manufactured housing and RV communities — business model, growth, and fundamentals comparison
Equity LifeStyle Properties, Inc. (ELS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Equity LifeStyle Properties, Inc. (ELS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 911.94M | 968.29M | 1.02B | 1.08B | 1.32B | 1.37B | 1.4B | 1.43B | 1.53B |
| Revenue Growth % | 6.5% | 6.18% | 5.39% | 5.85% | 21.79% | 4.51% | 2.13% | 2.07% | 6.84% |
| Property Operating Expenses | 443.5M | 466.94M | 487.46M | 524.66M | 1.05B | 730.4M | 731.74M | 725.29M | 955.09M |
| Net Operating Income (NOI) | 468.43M▲ 0% | 501.34M▲ 7.0% | 533.06M▲ 6.3% | 555.61M▲ 4.2% | 262.05M▼ 52.8% | 644.56M▲ 146.0% | 672.53M▲ 4.3% | 708.01M▲ 5.3% | 576.3M▼ 18.6% |
| NOI Margin % | 51.37% | 51.78% | 52.23% | 51.43% | 19.92% | 46.88% | 47.89% | 49.4% | 37.63% |
| Operating Expenses | 170.69M | 190.72M | 206.55M | 214.65M | -120.88M | 294.86M | 299.44M | 292.07M | 58.43M |
| G&A Expenses | 47.36M | 54.32M | 55.66M | 61.18M | 81.78M | 92.5M | 95.71M | 88.19M | 53.58M |
| EBITDA | 422.69M | 449.31M | 480.48M | 498.72M | 571.38M | 556.75M | 582.19M | 625.34M | 726.76M |
| EBITDA Margin % | 46.35% | 46.4% | 47.08% | 46.17% | 43.43% | 40.49% | 41.46% | 43.63% | 47.46% |
| Depreciation & Amortization | 124.95M | 138.69M | 153.98M | 157.76M | 188.44M | 207.05M | 209.1M | 209.4M | 208.9M |
| D&A / Revenue % | 13.7% | 14.32% | 15.09% | 14.6% | 14.32% | 15.06% | 14.89% | 14.61% | 13.64% |
| Operating Income | 297.74M▲ 0% | 310.63M▲ 4.3% | 326.5M▲ 5.1% | 340.96M▲ 4.4% | 382.93M▲ 12.3% | 349.7M▼ 8.7% | 373.09M▲ 6.7% | 415.94M▲ 11.5% | 517.87M▲ 24.5% |
| Operating Margin % | 32.65% | 32.08% | 31.99% | 31.56% | 29.11% | 25.43% | 26.57% | 29.02% | 33.82% |
| Interest Expense | 100.57M | 104.99M | 104.22M | 102.77M | 108.72M | 116.56M | 132.34M | 137.71M | 133.9M |
| Interest Coverage | 3.05x | 3.11x | 3.76x | 3.30x | 3.53x | 3.56x | 3.41x | 3.79x | 2.98x |
| Non-Operating Income | -9.44M | -15.81M | -64.89M | 2.17M | -1.04M | -65.69M | -78.44M | -106.23M | 119.08M |
| Pretax Income | 206.61M▲ 0% | 221.45M▲ 7.2% | 295.92M▲ 33.6% | 241.42M▼ 18.4% | 276M▲ 14.3% | 298.82M▲ 8.3% | 319.19M▲ 6.8% | 384.46M▲ 20.5% | 398.79M▲ 3.7% |
| Pretax Margin % | 22.66% | 22.87% | 29% | 22.35% | 20.98% | 21.73% | 22.73% | 26.82% | 26.04% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | -10.49M | -354K | -3.27M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | -3.29% | -0.09% | -0.82% |
| Net Income | 197.59M▲ 0% | 212.61M▲ 7.6% | 279.14M▲ 31.3% | 228.28M▼ 18.2% | 262.48M▲ 15.0% | 284.63M▲ 8.4% | 314.21M▲ 10.4% | 367.01M▲ 16.8% | 386.51M▲ 5.3% |
| Net Margin % | 21.67% | 21.96% | 27.35% | 21.13% | 19.95% | 20.7% | 22.38% | 25.61% | 25.24% |
| Net Income Growth % | 14.04% | 7.6% | 31.29% | -18.22% | 14.98% | 8.44% | 10.39% | 16.81% | 5.31% |
| Funds From Operations (FFO) | 322.54M▲ 0% | 351.3M▲ 8.9% | 433.12M▲ 23.3% | 386.04M▼ 10.9% | 450.92M▲ 16.8% | 491.68M▲ 9.0% | 523.31M▲ 6.4% | 576.41M▲ 10.1% | 595.4M▲ 3.3% |
| FFO Margin % | 35.37% | 36.28% | 42.44% | 35.74% | 34.27% | 35.76% | 37.27% | 40.22% | 38.88% |
| FFO Growth % | 9.28% | 8.92% | 23.29% | -10.87% | 16.81% | 9.04% | 6.43% | 10.15% | 3.29% |
| FFO per Share | 1.84 | 1.97 | 2.40 | 2.01 | 2.47 | 2.52 | 2.68 | 2.93 | 2.98 |
| FFO Payout Ratio % | 54.38% | 57.68% | 52.92% | 66.55% | 61.14% | 63.24% | 65.46% | 63.79% | 68.02% |
| EPS (Diluted) | 1.09▲ 0% | 1.19▲ 9.2% | 1.54▲ 29.4% | 1.18▼ 23.4% | 1.43▲ 21.2% | 1.53▲ 7.0% | 1.69▲ 10.5% | 1.96▲ 16.0% | 1.93▼ 1.5% |
| EPS Growth % | 13.54% | 9.17% | 29.41% | -23.38% | 21.19% | 6.99% | 10.46% | 15.98% | -1.53% |
| EPS (Basic) | 1.09 | 1.20 | 1.54 | 1.25 | 1.43 | 1.53 | 1.69 | 1.96 | 1.93 |
| Diluted Shares Outstanding | 175.03M | 177.93M | 180.81M | 192.54M | 182.92M | 195.25M | 195.43M | 196.64M | 200.11M |
Equity LifeStyle Properties, Inc. (ELS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 3.61B | 3.93B | 4.15B | 4.42B | 5.31B | 5.49B | 5.61B | 5.65B | 5.75B |
| Asset Growth % | 3.77% | 8.75% | 5.74% | 6.45% | 20.12% | 3.48% | 2.21% | 0.57% | 1.77% |
| Real Estate & Other Assets | 3.47B | 3.73B | 4.06B | 4.34B | 5.07B | 5.34B | 5.45B | 5.45B | 144.89M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 85.11M | 139.93M | 66.42M | 59.9M | 163.35M | 67.7M | 79.87M | 75.3M | 119.49M |
| Cash & Equivalents | 35.63M | 68.97M | 28.86M | 24.06M | 94.1M | 2.65M | 4.24M | 5.58M | 26.13M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 35.91M | 0 | 0 | 29.3M | 19.7M | 25.7M | 19M | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.4M | 55.6M |
| Total Liabilities | 2.51B | 2.73B | 2.83B | 3.11B | 3.82B | 3.98B | 4.12B | 3.82B | 3.93B |
| Total Debt | 2.2B | 2.35B | 2.41B | 2.67B | 3.27B | 3.39B | 3.52B | 3.2B | 3.37B |
| Net Debt | 2.16B | 2.28B | 2.38B | 2.64B | 3.18B | 3.39B | 3.51B | 3.2B | 3.34B |
| Long-Term Debt | 2.17B | 2.35B | 2.25B | 2.44B | 2.93B | 3.19B | 3.49B | 3.13B | 3.27B |
| Short-Term Borrowings | 30M | 0 | 160M | 222M | 349M | 198M | 31M | 77M | 71.28M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.46M |
| Total Current Liabilities | 244.44M | 245.34M | 443.52M | 669.28M | 896.48M | 785.05M | 627.5M | 694.23M | 71.28M |
| Accounts Payable | 0 | 102.85M | 124.67M | 129.67M | 172.28M | 175.15M | 151.57M | 159.22M | 0 |
| Deferred Revenue | 79.27M | 81.11M | 91.23M | 243.28M | 295.13M | 320.06M | 344.79M | 351.75M | 221.5M |
| Other Liabilities | 0 | 12.35M | 0 | -150.69M | 0 | 0 | 0 | 0 | 344.03M |
| Total Equity | 1.1B▲ 0% | 1.19B▲ 8.5% | 1.32B▲ 10.8% | 1.3B▼ 1.3% | 1.49B▲ 13.9% | 1.52B▲ 2.1% | 1.5B▼ 1.2% | 1.82B▲ 21.7% | 1.81B▼ 0.5% |
| Equity Growth % | 1.68% | 8.48% | 10.77% | -1.3% | 13.9% | 2.11% | -1.24% | 21.7% | -0.49% |
| Shareholders Equity | 1.03B | 1.12B | 1.25B | 1.23B | 1.42B | 1.45B | 1.43B | 1.74B | 1.76B |
| Minority Interest | 68.09M | 71.79M | 72.08M | 71.07M | 71.06M | 72.08M | 69.9M | 83.07M | 58.55M |
| Common Stock | 883K | 1.79M | 1.81M | 1.81M | 1.91M | 1.92M | 1.92M | 1.96M | 1.99M |
| Additional Paid-in Capital | 1.24B | 1.33B | 1.4B | 1.41B | 1.59B | 1.63B | 1.64B | 1.95B | 1.98B |
| Retained Earnings | -211.98M | -211.03M | -154.32M | -179.52M | -183.69M | -204.25M | -223.58M | -214.98M | -225.04M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 5.57% | 5.64% | 6.91% | 5.33% | 5.4% | 5.27% | 5.66% | 6.52% | 6.79% |
| Return on Equity (ROE) | 18.11% | 18.54% | 22.2% | 17.38% | 18.81% | 18.95% | 20.84% | 22.09% | 21.24% |
| Debt / Assets | 60.94% | 59.82% | 58.02% | 60.35% | 61.69% | 61.68% | 62.68% | 56.76% | 58.57% |
| Debt / Equity | 2.00x | 1.97x | 1.82x | 2.04x | 2.20x | 2.23x | 2.35x | 1.76x | 1.85x |
| Net Debt / EBITDA | 5.12x | 5.07x | 4.95x | 5.30x | 5.57x | 6.08x | 6.04x | 5.12x | 4.59x |
| Book Value per Share | 6.28 | 6.71 | 7.31 | 6.78 | 8.12 | 7.77 | 7.67 | 9.27 | 9.07 |
Equity LifeStyle Properties, Inc. (ELS) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 377.99M | 414.08M | 443.52M | 417.41M | 509.03M | 475.81M | 548M | 596.72M | 571.15M |
| Operating CF Growth % | 7.27% | 9.55% | 7.11% | -5.89% | 21.95% | -6.52% | 15.17% | 8.89% | -4.29% |
| Operating CF / Revenue % | 41.45% | 42.76% | 43.46% | 38.64% | 38.69% | 34.61% | 39.02% | 41.63% | 37.3% |
| Net Income | 210.38M | 226.39M | 295.92M | 241.42M | 276M | 298.82M | 329.68M | 384.82M | 402.06M |
| Depreciation & Amortization | 124.95M | 138.69M | 153.98M | 157.76M | 191.43M | 207.05M | 209.1M | 209.4M | 213.74M |
| Stock-Based Compensation | 10.7M | 11.17M | 7.64M | 13.06M | 12.69M | 8.76M | 17.83M | 9.37M | 7.25M |
| Other Non-Cash Items | -4.88M | -11.17M | -60.16M | 862K | -4.93M | -38.42M | 34.18M | -30M | -14.69M |
| Working Capital Changes | 36.84M | 49.01M | 46.15M | 4.32M | 33.83M | -404K | -32.29M | 23.49M | -36M |
| Cash from Investing | -305.36M | -398.06M | -352.09M | -401.25M | -828.43M | -402.07M | -324.75M | -217.84M | -277.08M |
| Acquisitions (Net) | -33.34M | -4.5M | -983K | 0 | -91.46M | -26.41M | -9.28M | -10.34M | -9.69M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -145.96M | -211.95M | -93.11M | -233.3M | -532.7M | -126.38M | 1.61M | 33.78M | -30.3M |
| Cash from Financing | -98.8M | 17.32M | -131.54M | -20.96M | 418.74M | -174.8M | -215.66M | -384.24M | -292.51M |
| Dividends Paid | -182.33M | -202.64M | -229.22M | -256.95M | -275.72M | -310.96M | -342.58M | -367.73M | -405M |
| Common Dividends | -175.4M | -202.62M | -229.2M | -256.93M | -275.7M | -310.94M | -342.56M | -367.71M | -404.99M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -10.69M | -5.23M | -618K | -20.04M | -16.3M | -8.17M | -7.24M | -17.23M | -5.19M |
| Net Change in Cash | -25.25M▲ 0% | 30.34M▲ 220.1% | -40.11M▼ 232.2% | -4.8M▲ 88.0% | 99.34M▲ 2169.5% | -101.05M▼ 201.7% | 7.59M▲ 107.5% | -5.36M▼ 170.6% | 1.56M▲ 129.0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 56.34M | 35.63M | 68.97M | 28.86M | 24.06M | 123.4M | 22.35M | 29.94M | 24.58M |
| Cash at End | 31.09M | 65.97M | 28.86M | 24.06M | 123.4M | 22.35M | 29.94M | 24.58M | 26.13M |
| Free Cash Flow | 251.94M▲ 0% | 232.46M▼ 7.7% | 185.53M▼ 20.2% | 249.46M▲ 34.5% | 304.76M▲ 22.2% | 226.54M▼ 25.7% | 230.92M▲ 1.9% | 355.44M▲ 53.9% | 334.06M▼ 6.0% |
| FCF Growth % | 8.16% | -7.73% | -20.19% | 34.46% | 22.17% | -25.67% | 1.93% | 53.92% | -6.02% |
| FCF / Revenue % | 27.63% | 24.01% | 18.18% | 23.09% | 23.16% | 16.48% | 16.44% | 24.8% | 21.81% |
Equity LifeStyle Properties, Inc. (ELS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 1.73 | 1.84 | 1.97 | 2.4 | 2.01 | 2.47 | 2.52 | 2.68 | 2.93 | 2.98 |
| FFO Payout Ratio | 51.48% | 54.38% | 57.68% | 52.92% | 66.55% | 61.14% | 63.24% | 65.46% | 63.79% | 68.02% |
| NOI Margin | 51.83% | 51.37% | 51.78% | 52.23% | 51.43% | 19.92% | 46.88% | 47.89% | 49.4% | 37.63% |
| Net Debt / EBITDA | 5.10x | 5.12x | 5.07x | 4.95x | 5.30x | 5.57x | 6.08x | 6.04x | 5.12x | 4.59x |
| Debt / Assets | 60.11% | 60.94% | 59.82% | 58.02% | 60.35% | 61.69% | 61.68% | 62.68% | 56.76% | 58.57% |
| Interest Coverage | 2.81x | 3.05x | 3.11x | 3.76x | 3.30x | 3.53x | 3.56x | 3.41x | 3.79x | 2.98x |
| Book Value / Share | 6.33 | 6.28 | 6.71 | 7.31 | 6.78 | 8.12 | 7.77 | 7.67 | 9.27 | 9.07 |
| Revenue Growth | 6.07% | 6.5% | 6.18% | 5.39% | 5.85% | 21.79% | 4.51% | 2.13% | 2.07% | 6.84% |
Equity LifeStyle Properties, Inc. (ELS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 22, 2026·SEC
Feb 26, 2026·SEC
Feb 9, 2026·SEC
Equity LifeStyle Properties, Inc. (ELS) stock FAQ — growth, dividends, profitability & financials explained
Equity LifeStyle Properties, Inc. (ELS) reported $1.53B in revenue for fiscal year 2025. This represents a 1356% increase from $105.2M in 1996.
Equity LifeStyle Properties, Inc. (ELS) grew revenue by 6.8% over the past year. This is steady growth.
Yes, Equity LifeStyle Properties, Inc. (ELS) is profitable, generating $386.5M in net income for fiscal year 2025 (25.2% net margin).
Yes, Equity LifeStyle Properties, Inc. (ELS) pays a dividend with a yield of 3.24%. This makes it attractive for income-focused investors.
Equity LifeStyle Properties, Inc. (ELS) has a return on equity (ROE) of 21.2%. This is excellent, indicating efficient use of shareholder capital.
Equity LifeStyle Properties, Inc. (ELS) generated Funds From Operations (FFO) of $595.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Equity LifeStyle Properties, Inc. (ELS) offers a 3.24% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Equity LifeStyle Properties, Inc. (ELS) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates