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OverviewAnalysisPriceRevenueEarningsP/ERatiosDividendTargets

Equity LifeStyle Properties, Inc. (ELS) Quarterly Financial Ratios

Last 47 quarters of trend data · Real Estate · REIT - Residential

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Equity LifeStyle Properties, Inc.'s quarterly P/E stands at 34.4x, down 0.7% year-over-year. EV/EBITDA has compressed 32.5% YoY to 17.3x, reflecting multiple compression or accelerating EBITDA.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →32.7934.4430.3536.7129.2534.6942.4638.7727.2935.9937.9249.1838.14
—-0.7%-28.5%-5.3%+7.2%-3.6%+12.0%-21.2%-28.5%-13.1%-13.1%-7.9%-10.2%
P/S Ratio8.017.268.138.289.089.758.968.498.5811.937.758.959.42
—-25.6%-9.2%-2.4%+5.8%-18.3%+15.7%-5.1%-8.9%+27.4%-4.9%-1.3%-10.0%
P/B Ratio6.986.686.706.817.287.309.338.438.299.208.328.708.67
—-8.5%-28.1%-19.3%-12.2%-20.7%+12.1%-3.1%-4.4%+10.7%+3.0%+1.1%-11.2%
P/FCF36.7479.1640.1042.9522.5183.9238.2639.4921.8679.3744.69164.9033.45
—-5.7%+4.8%+8.8%+3.0%+5.7%-14.4%-76.1%-34.7%-81.6%-33.3%+301.8%-16.0%
EV / EBITDA21.4817.3023.6723.5423.5525.6425.1925.2223.9742.9721.9527.9627.02
—-32.5%-6.0%-6.6%-1.8%-40.3%+14.7%-9.8%-11.3%+64.4%-13.2%-1.6%-2.9%
EV / EBIT30.151091.1328.7533.6628.3331.2634.7334.2526.9736.4834.2442.0534.78
—+3390.6%-17.2%-1.7%+5.0%-14.3%+1.4%-18.5%-22.5%-2.0%-13.1%-5.9%-12.0%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Equity LifeStyle Properties, Inc.'s operating margin was 41.7% in Q4 2025, up 12.4 pp QoQ and up 9.7 pp YoY. The trailing four-quarter average of 33.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 92.8% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin37.6%3.7%48.7%49.8%52.6%52.3%22.6%48.5%51.7%41.4%50.4%48.1%50.2%
—-92.8%+115.3%+2.9%+1.7%+26.5%-55.2%+0.8%+3.0%-19.1%+7.6%+3.7%-3.0%
Operating Margin33.8%41.7%29.3%29.9%33.4%32.0%31.3%28.7%31.4%16.8%32.1%26.0%28.9%
—+30.4%-6.5%+4.2%+6.6%+90.3%-2.5%+10.7%+8.4%-44.6%+21.0%+2.0%-8.1%
Net Margin25.2%24.0%26.0%21.4%29.7%28.1%21.3%20.9%30.0%31.8%19.2%17.2%23.7%
—-14.5%+22.2%+2.5%-0.8%-11.7%+11.1%+21.2%+26.6%+46.7%+7.4%+1.1%+1.8%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE21.2%5.5%5.4%4.4%6.0%5.8%5.5%5.2%7.3%6.1%5.1%4.2%5.4%
—-4.2%-2.7%-15.4%-18.0%-5.8%+7.4%+23.9%+34.0%+27.6%+16.2%+3.5%-1.1%
ROA6.8%1.7%1.7%1.4%1.9%1.7%1.5%1.4%2.0%1.6%1.4%1.1%1.5%
—+2.8%+15.5%+1.0%-1.0%+3.9%+6.9%+22.6%+30.7%+22.0%+10.4%-1.8%-4.6%
ROIC7.6%2.6%1.6%1.7%1.8%1.6%1.8%1.6%1.7%0.7%2.0%1.4%1.5%
—+55.6%-12.1%+2.7%+6.8%+124.8%-5.7%+12.3%+11.9%-53.7%+24.9%-0.7%-14.3%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Equity LifeStyle Properties, Inc.'s Debt/EBITDA ratio is 15.1x, down from 20.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 1445.4% YoY to 1.68x, strengthening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity1.851.851.811.791.731.762.322.302.292.352.342.302.24
—+5.5%-22.1%-22.1%-24.3%-25.2%-0.7%+0.1%+2.3%+5.2%+7.7%+6.9%+8.2%
Debt / EBITDA4.6315.0620.1319.6318.1319.9020.1121.6320.7734.9519.3223.3722.19
—-24.3%+0.1%-9.2%-12.7%-43.1%+4.1%-7.4%-6.4%+57.9%-9.9%+2.9%+14.0%
Current Ratio1.681.680.190.180.140.110.140.130.150.130.170.090.09
—+1445.4%+43.3%+38.0%-9.9%-14.8%-22.6%+42.6%+62.9%+47.6%+58.0%-29.7%-24.4%
Quick Ratio1.681.680.190.180.140.110.140.130.150.130.170.090.09
—+1445.4%+43.3%+38.0%-9.9%-14.8%-22.6%+42.6%+62.9%+47.6%+58.0%-29.7%-24.4%
Interest Coverage2.980.492.123.594.674.183.433.284.443.573.482.963.64
—————————————

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Includes 30+ ratios · 47 years · Updated daily

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ELS — Frequently Asked Questions

Quick answers to the most common questions about buying ELS stock.

What is Equity LifeStyle Properties, Inc.'s quarterly P/E ratio trend?

Equity LifeStyle Properties, Inc.'s current P/E is 32.8x. The average P/E over the last 4 quarters is 32.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Equity LifeStyle Properties, Inc.'s margins change by quarter?

Equity LifeStyle Properties, Inc.'s current operating margin is 33.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at ELS quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Equity LifeStyle Properties, Inc.'s business trajectory between earnings reports.

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