Equity LifeStyle Properties, Inc. (ELS) is a publicly traded company in the Real Estate — REIT - Residential industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
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. states and British Columbia, collectively comprising 161,229 sites.
Is Equity LifeStyle Properties, Inc. stock overvalued or undervalued in 2026?
Equity LifeStyle Properties, Inc. (ELS) trades at 30.7× earnings (P/E). At its 10-year average P/FFO (23.8×) $71 (+23 %); at the decade median (22.6×) $68 (+17 %).
Kaplio overview: Equity LifeStyle Properties, Inc.
Market cap $11B · 52 weeks $58 – $68 (14 % below the high) · P/E 30.7× · 2027 expected P/E 26.3× · Dividend 3.7 % · 11 years rising · Next earnings January 27, 2027 · expected EPS $0.54 · Closing price, Oct 28 · accounts published Oct 20.
- Valuation: P/FFO 19.3× (justified).
- Business: FFO/dividend 1.5× (solid).
- Balance sheet: Net debt/EBITDA 5.5× (passes, near the threshold).
- Earnings: 5 of 8 (no verdict).
What would it be worth at its usual multiples?
At its 10-year average P/FFO (23.8×) $71 (+23 %); at the decade median (22.6×) $68 (+17 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in REITs: 5 of 5 pass
- Dividend coverage (FFO/div) 1.5×, passes.
- Debt / Assets 58.6 %, passes, near the threshold.
- Net debt / EBITDA 5.5×, passes, near the threshold.
- FFO Payout (proxy) 70.9 %, passes.
- P/FFO 19.3×, passes.
- FFO / Share $3.00, info.
Against its peers (reference peers) — Equity LifeStyle Properties, Inc.: P/B 6.4×; Div. yield 3.7 %; EV/EBITDA 22.9×; $11.2B. Sun Communities, Inc. (P/B 2.5×; Div. yield 4.0 %; EV/EBITDA 11.6×; $13.4B), UDR, Inc. (P/B 3.8×; Div. yield 4.2 %; EV/EBITDA 13.0×; $11.2B), American Homes 4 Rent (P/B 1.7×; Div. yield 4.1 %; EV/EBITDA 13.6×; $11.1B).
Expensive or cheap against its last ten fiscal years?
Precio / FFO (aprox.) at each close: today 19.3× · median 22.6× · minimum 17.4× · maximum 31.5× · cheap below 20.9× · expensive above 27.9×. It has been cheaper than today only 10% of the time over its last ten fiscal years.
Dividend
solid · Yield 3.7 % ($2.02 per share in 2025) · Years raising it ≥ 11 · 5-year growth +8 % a year · Free cash flow coverage FFO payout 71 % · With $1,000 invested today you'd collect $37.00 a year ($3.08 a month).
Profitability
| Return on Equity | 22.27% |
| Return on Invested Capital | 10.47% |
| Return on Assets | 6.78% |
| Gross Margin | 37.08% |
| Operating Margin | 36.56% |
| Net Margin | 24.09% |
Financial Health
| Debt / Equity | 1.89 |
| Current Ratio | 0.25 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 2.37 |
Price Performance
| 1 month | -1.26% |
| 3 months | -10.91% |
| Year-to-date | -4.36% |
| 1 year | -3.14% |
| 3 years | -11.78% |
| 5 years | -31.40% |
| 10 years | +52.87% |
Dividend History
Paid in the last 12 months: $2.1425 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-25 | $0.5425 |
| 2026-06-26 | $0.5425 |
| 2026-03-27 | $0.5425 |
| 2025-12-26 | $0.5150 |
| 2025-09-26 | $0.5150 |
| 2025-06-27 | $0.5150 |
| 2025-03-28 | $0.5150 |
| 2024-12-27 | $0.4775 |
| 2024-09-27 | $0.4775 |
| 2024-06-28 | $0.4775 |
Amounts adjusted for stock splits.
Related companies: SUI · 0HJO.L · 0IIB.L · VMRK · ESS · INVH
Explore sector: Real Estate · REIT - Residential
More sections of ELS: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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