Equity LifeStyle Properties Inc (ELS)
Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust. As of June 30, 2026, they own or have an interest in 453 properties in 35 states and British Columbia consisting of 173,419 sites. Equity LifeStyle Properties, Inc. is headquartered in Chicago. Equity LifeStyle Properties, Inc. was incorporated in 1992 in Maryland and based in Chicago, Illinois.
- Symbol
- ELS
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- REIT - Residential
- Market cap
- $11.57B
- 52 week range
- 58.72 - 69
Valuation
- Share price
- $59.68 (close of 2026-09-23)
- P/E (TTM)
- 29.84x
- Price to book
- 6.36x
- Price to free cash flow
- 20.23x
- Enterprise value
- $14.82B
- Book value per share
- $9.39
Price performance
| Period | Change |
|---|
| 1 day | -1.26% |
| 5 days | -2.63% |
| 1 month | -8.83% |
| 3 months | -4.66% |
| 6 months | -5.48% |
| Year to date | -1.53% |
| 1 year | -1.06% |
| 3 years | -10.03% |
| 5 years | -26.95% |
| 10 years | +49.31% |
| All time | +1605.14% |
Profitability and growth
- Return on equity
- 22.15%
- Return on invested capital
- 7.66%
- Return on assets
- 7.00%
- Gross margin
- 29.05%
- Net margin
- 26.25%
- EBITDA margin
- 39.20%
- Revenue growth
- 0.34%
- Net income growth
- 4.48%
- Free cash flow growth
- -4.29%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.94%
- Net debt to EBITDA
- 4.36x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.53B
- Cost of revenue
- $1.09B
- Gross profit
- $444.93M
- EBITDA
- $600.24M
- Net income
- $402.06M
- Earnings per share
- $2.01
- Shares outstanding
- 192.14M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.53B | $444.93M | $402.06M | $2.01 |
| 2024-12-31 | $1.53B | $441.23M | $384.82M | $1.96 |
| 2023-12-31 | $1.49B | $388.31M | $329.68M | $1.69 |
| 2022-12-31 | $1.45B | $360.64M | $298.82M | $1.53 |
| 2021-12-31 | $1.32B | $330.42M | $276.00M | $1.43 |
| 2020-12-31 | $21.74M | - | $241.42M | $1.26 |
| 2019-12-31 | $19.11M | - | $295.92M | $1.54 |
| 2018-12-31 | $15.19M | - | $226.39M | $1.19 |
| 2017-12-31 | $14.13M | - | $210.38M | $1.09 |
| 2016-12-31 | $870.43M | $357.23M | $187.13M | $0.96 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 29.05% | 26.25% | 22.15% | 7.66% |
| 2024-12-31 | 28.91% | 25.21% | 21.10% | 7.61% |
| 2023-12-31 | 26.07% | 22.13% | 22.00% | 6.42% |
| 2022-12-31 | 24.92% | 20.65% | 19.69% | 6.05% |
| 2021-12-31 | 25.10% | 20.97% | 18.57% | 5.83% |
| 2020-12-31 | - | 1110.52% | 18.50% | - |
| 2019-12-31 | - | 1548.44% | 22.39% | - |
| 2018-12-31 | - | 1490.26% | 18.97% | 10.21% |
| 2017-12-31 | - | 1488.66% | 19.12% | 10.31% |
| 2016-12-31 | 41.04% | 21.50% | 17.30% | 10.13% |
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 | $571.15M | $7.25M |
| 2024-12-31 | $596.72M | $9.37M |
| 2023-12-31 | $548.00M | $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 | $352.36M | $9.18M |
Dividend history
- Most recent payment
- 2026-06-26
- Paid in the last twelve months
- $2.12
| Payment date | Dividend per share |
|---|
| 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 |
| 2024-09-27 | $0.48 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-28
- Consensus EPS estimate
- $0.79
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-22 | Jun/2026 | $0.72 |
| 2026-04-21 | - | - |
| 2026-01-28 | - | - |
| 2025-10-22 | - | - |
| 2025-07-21 | - | - |
| 2025-04-21 | - | - |
| 2025-01-27 | - | - |
| 2024-10-21 | - | - |
Filings and sources
- Company website
- equitylifestyleproperties.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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