Equity LifeStyle Properties Inc (ELS)

Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust. As of September 30, 2026, they own or have an interest in 453 properties in 35 states and British Columbia consisting of 173,623 sites. Equity LifeStyle Properties, Inc. is headquartered in Chicago. Equity LifeStyle Properties, Inc. was incorporated in 1992 in Maryland and based in Chicago, Illinois.

Ticker: ELS
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Residential
Market cap: $12.22B
52-week range: $57.46 - $69.00

Valuation

Share price: $62.95 (close of Nov 6, 2026)
P/E (TTM): 31.01x
Price to book: 6.76x
Price to free cash flow: 32.83x
Enterprise value: $15.50B
Book value per share: $9.31

Price performance

Period	Change
1 day	-0.05%
5 days	+6.64%
1 month	+7.17%
3 months	-2.64%
6 months	-0.58%
Year to date	+3.86%
1 year	+3.47%
3 years	-5.12%
5 years	-25.76%
10 years	+74.72%
All time	+1,698.57%

Short interest

As of: Oct 15, 2026
Short % of float: 7.69%
Shares short: 11.09M
Days to cover: 6.00
Change since prior report: +7.17%
Source: FINRA consolidated short interest

Members of Congress who disclosed ELS trades

Lisa McClain · Ritchie Torres · Tommy Tuberville

Super investors holding ELS

Ken Griffin (Citadel)

Profitability and growth

Return on equity: 22.15%
Return on assets: 7.00%
Net margin: 26.25%
Revenue growth: 0.34%
Net income growth: 4.48%
Free cash flow growth: -6.02%

Cash flow and balance sheet

Free cash flow yield (TTM): 3.05%
Net debt to EBITDA: 4.48x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $1.53B
Net income: $402.06M
Earnings per share: $2.01
Shares outstanding: 192.14M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$1.53B	$402.06M	$2.01
2024-12-31	$1.53B	$384.82M	$1.96
2023-12-31	$1.49B	$329.68M	$1.69
2022-12-31	$1.45B	$298.82M	$1.53
2021-12-31	$1.32B	$276.00M	$1.43
2020-12-31	$1.12B	$241.42M	$1.26
2019-12-31	$1.04B	$295.92M	$1.54
2018-12-31	$986.65M	$226.39M	$1.19
2017-12-31	$925.31M	$210.38M	$1.09
2016-12-31	$870.43M	$187.13M	$0.97

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	26.25%	22.15%
2024-12-31	25.21%	21.10%
2023-12-31	22.13%	22.00%
2022-12-31	20.65%	19.69%
2021-12-31	20.97%	18.57%
2020-12-31	21.58%	18.50%
2019-12-31	28.53%	22.39%
2018-12-31	22.94%	18.97%
2017-12-31	22.74%	19.12%
2016-12-31	21.50%	17.30%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$26.13M	$3.35B
2024-12-31	$24.58M	$3.20B
2023-12-31	$29.94M	$3.52B
2022-12-31	$22.35M	$3.39B
2021-12-31	$123.40M	$3.27B
2020-12-31	$24.06M	$2.44B
2019-12-31	$28.86M	$2.25B
2018-12-31	$68.97M	$2.36B
2017-12-31	$35.63M	$2.20B
2016-12-31	$61.80M	$2.09B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$334.06M	$7.25M
2024-12-31	$355.44M	$9.37M
2023-12-31	$230.92M	$17.83M
2022-12-31	$343.01M	$8.76M
2021-12-31	$111.03M	$12.69M
2020-12-31	$208.21M	$11.53M
2019-12-31	$385.22M	$10.48M
2018-12-31	$162.38M	$9.99M
2017-12-31	$235.59M	$9.35M
2016-12-31	$232.93M	$9.18M

Dividend history

Most recent payment: Sep 25, 2026
Paid in the last twelve months: $2.14

Payment date	Dividend per share
2026-09-25	$0.54
2026-06-26	$0.54
2026-03-27	$0.54
2025-12-26	$0.52
2025-09-26	$0.52
2025-06-27	$0.52
2025-03-28	$0.52
2024-12-27	$0.48

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-20	Sep 2026	$0.79
2026-07-22	Jun 2026	$0.72
2026-04-21	Mar 2026	$0.84
2026-01-28	Dec 2025	$0.78
2025-10-22	Sep 2025	$0.75
2025-07-21	Jun 2025	$0.69
2025-04-21	Mar 2025	$0.83
2025-01-27	Dec 2024	$0.76

Filings and sources

Company website: equitylifestyleproperties.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

Similar companies

American Homes 4 Rent (AMH) · Mid-America Apartment Communities Inc. (MAA) · UDR, Inc. (UDR) · Invitation Homes Inc. (INVH) · Camden Property Trust (CPT) · Essex Property Trust, Inc. (ESS) · Millrose Properties, Inc. (MRP) · Independence Realty Trust, Inc. (IRT)

All Real Estate companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades