EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis

NYSE:ELS • US29472R1086

68.32 USD
+0.36 (+0.53%)
At close: Feb 24, 2026
68.32 USD
0 (0%)
After Hours: 2/24/2026, 8:23:26 PM
Fundamental Rating

5

ELS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. While ELS has a great profitability rating, there are quite some concerns on its financial health. ELS has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year ELS was profitable.
  • In the past year ELS had a positive cash flow from operations.
  • ELS had positive earnings in each of the past 5 years.
  • Of the past 5 years ELS 4 years had a positive operating cash flow.
ELS Yearly Net Income VS EBIT VS OCF VS FCFELS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • With an excellent Return On Assets value of 6.65%, ELS belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 21.79%, ELS belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
  • The Return On Invested Capital of ELS (7.50%) is better than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ELS is above the industry average of 2.59%.
  • The 3 year average ROIC (7.05%) for ELS is below the current ROIC(7.50%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.65%
ROE 21.79%
ROIC 7.5%
ROA(3y)6.27%
ROA(5y)5.79%
ROE(3y)21.69%
ROE(5y)20.66%
ROIC(3y)7.05%
ROIC(5y)6.65%
ELS Yearly ROA, ROE, ROICELS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • ELS has a better Profit Margin (25.09%) than 75.00% of its industry peers.
  • In the last couple of years the Profit Margin of ELS has grown nicely.
  • ELS has a better Operating Margin (33.91%) than 100.00% of its industry peers.
  • ELS's Operating Margin has been stable in the last couple of years.
  • ELS has a Gross Margin of 52.99%. This is amonst the worse of the industry: ELS underperforms 85.00% of its industry peers.
  • ELS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 33.91%
PM (TTM) 25.09%
GM 52.99%
OM growth 3Y5.6%
OM growth 5Y1.02%
PM growth 3Y8.66%
PM growth 5Y3.87%
GM growth 3Y2.32%
GM growth 5Y0.37%
ELS Yearly Profit, Operating, Gross MarginsELS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELS is destroying value.
  • Compared to 1 year ago, ELS has more shares outstanding
  • The number of shares outstanding for ELS has been increased compared to 5 years ago.
  • ELS has a worse debt/assets ratio than last year.
ELS Yearly Shares OutstandingELS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
ELS Yearly Total Debt VS Total AssetsELS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • ELS has an Altman-Z score of 2.42. This is not the best score and indicates that ELS is in the grey zone with still only limited risk for bankruptcy at the moment.
  • ELS has a better Altman-Z score (2.42) than 100.00% of its industry peers.
  • ELS has a debt to FCF ratio of 9.81. This is a negative value and a sign of low solvency as ELS would need 9.81 years to pay back of all of its debts.
  • The Debt to FCF ratio of ELS (9.81) is better than 95.00% of its industry peers.
  • A Debt/Equity ratio of 1.87 is on the high side and indicates that ELS has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.87, ELS is doing worse than 75.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF 9.81
Altman-Z 2.42
ROIC/WACC0.99
WACC7.58%
ELS Yearly LT Debt VS Equity VS FCFELS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.04 indicates that ELS may have some problems paying its short term obligations.
  • With a Current ratio value of 0.04, ELS is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
  • ELS has a Quick Ratio of 0.04. This is a bad value and indicates that ELS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ELS's Quick ratio of 0.04 is on the low side compared to the rest of the industry. ELS is outperformed by 90.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
ELS Yearly Current Assets VS Current LiabilitesELS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

3

3. Growth

3.1 Past

  • ELS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.54%.
  • Measured over the past years, ELS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.46% on average per year.
  • The Revenue has been growing slightly by 0.31% in the past year.
  • ELS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.96% yearly.
EPS 1Y (TTM)1.54%
EPS 3Y8.97%
EPS 5Y9.46%
EPS Q2Q%4%
Revenue 1Y (TTM)0.31%
Revenue growth 3Y1.91%
Revenue growth 5Y6.96%
Sales Q2Q%0.41%

3.2 Future

  • ELS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.97% yearly.
  • The Revenue is expected to grow by 4.28% on average over the next years.
EPS Next Y3.66%
EPS Next 2Y5.69%
EPS Next 3Y6.34%
EPS Next 5Y5.97%
Revenue Next Year2.97%
Revenue Next 2Y2.17%
Revenue Next 3Y-8%
Revenue Next 5Y4.28%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ELS Yearly Revenue VS EstimatesELS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
ELS Yearly EPS VS EstimatesELS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 34.51, the valuation of ELS can be described as expensive.
  • Based on the Price/Earnings ratio, ELS is valued a bit cheaper than 65.00% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.98. ELS is valued slightly more expensive when compared to this.
  • The Price/Forward Earnings ratio is 33.29, which means the current valuation is very expensive for ELS.
  • ELS's Price/Forward Earnings ratio is rather cheap when compared to the industry. ELS is cheaper than 95.00% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of ELS to the average of the S&P500 Index (28.01), we can say ELS is valued inline with the index average.
Industry RankSector Rank
PE 34.51
Fwd PE 33.29
ELS Price Earnings VS Forward Price EarningsELS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • ELS's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. ELS is more expensive than 85.00% of the companies in the same industry.
  • 70.00% of the companies in the same industry are more expensive than ELS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 39.64
EV/EBITDA 22.55
ELS Per share dataELS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ELS does not grow enough to justify the current Price/Earnings ratio.
  • ELS has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)9.42
PEG (5Y)3.65
EPS Next 2Y5.69%
EPS Next 3Y6.34%

5

5. Dividend

5.1 Amount

  • ELS has a Yearly Dividend Yield of 3.23%.
  • With a Dividend Yield of 3.23, ELS pays less dividend than the industry average, which is at 42.55. 85.00% of the companies listed in the same industry pay a better dividend than ELS!
  • Compared to an average S&P500 Dividend Yield of 1.81, ELS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.23%

5.2 History

  • The dividend of ELS is nicely growing with an annual growth rate of 8.99%!
  • ELS has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ELS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.99%
Div Incr Years20
Div Non Decr Years20
ELS Yearly Dividends per shareELS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • ELS pays out 103.47% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ELS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP103.47%
EPS Next 2Y5.69%
EPS Next 3Y6.34%
ELS Yearly Income VS Free CF VS DividendELS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M
ELS Dividend Payout.ELS Dividend Payout, showing the Payout Ratio.ELS Dividend Payout.PayoutRetained Earnings

EQUITY LIFESTYLE PROPERTIES

NYSE:ELS (2/24/2026, 8:23:26 PM)

After market: 68.32 0 (0%)

68.32

+0.36 (+0.53%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)01-28
Earnings (Next)04-20
Inst Owners105.68%
Inst Owner Change5.26%
Ins Owners0.67%
Ins Owner Change2.83%
Market Cap13.24B
Revenue(TTM)1.52B
Net Income(TTM)382.00M
Analysts77.89
Price Target69.73 (2.06%)
Short Float %4.3%
Short Ratio4.92
Dividend
Industry RankSector Rank
Dividend Yield 3.23%
Yearly Dividend1.95
Dividend Growth(5Y)8.99%
DP103.47%
Div Incr Years20
Div Non Decr Years20
Ex-Date03-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.14%
Min EPS beat(2)-6.67%
Max EPS beat(2)6.95%
EPS beat(4)3
Avg EPS beat(4)1.09%
Min EPS beat(4)-6.67%
Max EPS beat(4)6.95%
EPS beat(8)6
Avg EPS beat(8)6.34%
EPS beat(12)7
Avg EPS beat(12)4.88%
EPS beat(16)9
Avg EPS beat(16)4.61%
Revenue beat(2)0
Avg Revenue beat(2)-1.67%
Min Revenue beat(2)-2.33%
Max Revenue beat(2)-1.01%
Revenue beat(4)0
Avg Revenue beat(4)-2.22%
Min Revenue beat(4)-3.82%
Max Revenue beat(4)-1.01%
Revenue beat(8)2
Avg Revenue beat(8)-1.69%
Revenue beat(12)2
Avg Revenue beat(12)-1.52%
Revenue beat(16)6
Avg Revenue beat(16)1.89%
PT rev (1m)-0.97%
PT rev (3m)-2.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.59%
EPS NY rev (1m)-0.92%
EPS NY rev (3m)-2.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.07%
Revenue NY rev (1m)-1.24%
Revenue NY rev (3m)-1.54%
Valuation
Industry RankSector Rank
PE 34.51
Fwd PE 33.29
P/S 8.7
P/FCF 39.64
P/OCF 22.95
P/B 7.55
P/tB 7.55
EV/EBITDA 22.55
EPS(TTM)1.98
EY2.9%
EPS(NY)2.05
Fwd EY3%
FCF(TTM)1.72
FCFY2.52%
OCF(TTM)2.98
OCFY4.36%
SpS7.85
BVpS9.04
TBVpS9.04
PEG (NY)9.42
PEG (5Y)3.65
Graham Number20.07
Profitability
Industry RankSector Rank
ROA 6.65%
ROE 21.79%
ROCE 9.5%
ROIC 7.5%
ROICexc 7.56%
ROICexgc 7.73%
OM 33.91%
PM (TTM) 25.09%
GM 52.99%
FCFM 21.95%
ROA(3y)6.27%
ROA(5y)5.79%
ROE(3y)21.69%
ROE(5y)20.66%
ROIC(3y)7.05%
ROIC(5y)6.65%
ROICexc(3y)7.09%
ROICexc(5y)6.7%
ROICexgc(3y)7.26%
ROICexgc(5y)6.87%
ROCE(3y)8.93%
ROCE(5y)8.42%
ROICexgc growth 3Y5.95%
ROICexgc growth 5Y2.96%
ROICexc growth 3Y6.09%
ROICexc growth 5Y2.63%
OM growth 3Y5.6%
OM growth 5Y1.02%
PM growth 3Y8.66%
PM growth 5Y3.87%
GM growth 3Y2.32%
GM growth 5Y0.37%
F-Score6
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF 9.81
Debt/EBITDA 4.5
Cap/Depr 114.86%
Cap/Sales 15.96%
Interest Coverage 3.97
Cash Conversion 79.29%
Profit Quality 87.46%
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z 2.42
F-Score6
WACC7.58%
ROIC/WACC0.99
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.54%
EPS 3Y8.97%
EPS 5Y9.46%
EPS Q2Q%4%
EPS Next Y3.66%
EPS Next 2Y5.69%
EPS Next 3Y6.34%
EPS Next 5Y5.97%
Revenue 1Y (TTM)0.31%
Revenue growth 3Y1.91%
Revenue growth 5Y6.96%
Sales Q2Q%0.41%
Revenue Next Year2.97%
Revenue Next 2Y2.17%
Revenue Next 3Y-8%
Revenue Next 5Y4.28%
EBIT growth 1Y8.7%
EBIT growth 3Y7.62%
EBIT growth 5Y8.06%
EBIT Next Year46.82%
EBIT Next 3Y17.4%
EBIT Next 5Y12.16%
FCF growth 1Y-6.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-7.05%
OCF growth 3YN/A
OCF growth 5YN/A

EQUITY LIFESTYLE PROPERTIES / ELS FAQ

What is the fundamental rating for ELS stock?

ChartMill assigns a fundamental rating of 5 / 10 to ELS.


Can you provide the valuation status for EQUITY LIFESTYLE PROPERTIES?

ChartMill assigns a valuation rating of 4 / 10 to EQUITY LIFESTYLE PROPERTIES (ELS). This can be considered as Fairly Valued.


What is the profitability of ELS stock?

EQUITY LIFESTYLE PROPERTIES (ELS) has a profitability rating of 8 / 10.


What are the PE and PB ratios of EQUITY LIFESTYLE PROPERTIES (ELS) stock?

The Price/Earnings (PE) ratio for EQUITY LIFESTYLE PROPERTIES (ELS) is 34.51 and the Price/Book (PB) ratio is 7.55.


How sustainable is the dividend of EQUITY LIFESTYLE PROPERTIES (ELS) stock?

The dividend rating of EQUITY LIFESTYLE PROPERTIES (ELS) is 5 / 10 and the dividend payout ratio is 103.47%.