EQUITY LIFESTYLE PROPERTIES (ELS) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:ELS • US29472R1086

65.56 USD
+1.49 (+2.33%)
At close: Feb 4, 2026
65.56 USD
0 (0%)
After Hours: 2/4/2026, 5:05:00 PM
Fundamental Rating

5

Taking everything into account, ELS scores 5 out of 10 in our fundamental rating. ELS was compared to 20 industry peers in the Residential REITs industry. ELS scores excellent on profitability, but there are 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

  • ELS had positive earnings in the past year.
  • In the past year ELS had a positive cash flow from operations.
  • Each year in the past 5 years ELS has been profitable.
  • ELS had a positive operating cash flow in 4 of the past 5 years.
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.
  • ELS's Return On Equity of 21.79% is amongst the best of the industry. ELS outperforms 95.00% of its industry peers.
  • ELS has a Return On Invested Capital of 7.50%. This is amongst the best in the industry. ELS outperforms 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.
  • In the last couple of years the Operating Margin of ELS has remained more or less at the same level.
  • ELS has a worse Gross Margin (52.99%) than 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

More info and screens

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
  • ELS has more shares outstanding than it did 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

  • An Altman-Z score of 2.31 indicates that ELS is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ELS has a Altman-Z score of 2.31. This is amongst the best in the industry. ELS outperforms 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.
  • Looking at the Debt to FCF ratio, with a value of 9.81, ELS belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • 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 2.31
ROIC/WACC0.97
WACC7.74%
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.
  • ELS has a Current ratio of 0.04. This is amonst the worse of the industry: ELS underperforms 90.00% of its industry peers.
  • 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 has a Quick ratio of 0.04. This is amonst the worse of the industry: ELS underperforms 85.00% 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

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3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.54% over the past year.
  • The Earnings Per Share has been growing by 9.46% on average over the past years. This is quite good.
  • ELS shows a small growth in Revenue. In the last year, the Revenue has grown by 0.31%.
  • The Revenue has been growing slightly by 6.96% on average over the past years.
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

  • Based on estimates for the next years, ELS will show a small growth in Earnings Per Share. The EPS will grow by 6.37% on average per year.
  • The Revenue is expected to grow by 4.39% on average over the next years.
EPS Next Y3.66%
EPS Next 2Y5.69%
EPS Next 3Y6.34%
EPS Next 5Y6.37%
Revenue Next Year3.36%
Revenue Next 2Y3.83%
Revenue Next 3Y-0.17%
Revenue Next 5Y4.39%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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

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4

4. Valuation

4.1 Price/Earnings Ratio

  • ELS is valuated quite expensively with a Price/Earnings ratio of 33.11.
  • ELS's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of ELS to the average of the S&P500 Index (28.25), we can say ELS is valued inline with the index average.
  • The Price/Forward Earnings ratio is 31.94, which means the current valuation is very expensive for ELS.
  • 100.00% of the companies in the same industry are more expensive than ELS, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. ELS is around the same levels.
Industry RankSector Rank
PE 33.11
Fwd PE 31.94
ELS Price Earnings VS Forward Price EarningsELS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ELS is valued more expensive than 85.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ELS is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 38.03
EV/EBITDA 21.51
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 an expensive valuation of the company.
  • ELS has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)9.04
PEG (5Y)3.5
EPS Next 2Y5.69%
EPS Next 3Y6.34%

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5

5. Dividend

5.1 Amount

  • ELS has a Yearly Dividend Yield of 3.26%.
  • Compared to an average industry Dividend Yield of 41.00, ELS's dividend is way lower than its industry peers. On top of this 90.00% of the companies listed in the same industry pay a better dividend than ELS!
  • ELS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.26%

5.2 History

  • On average, the dividend of ELS grows each year by 8.99%, which is quite nice.
  • 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 0.5 1 1.5 2

5.3 Sustainability

  • 103.47% of the earnings are spent on dividend by ELS. 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

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EQUITY LIFESTYLE PROPERTIES

NYSE:ELS (2/4/2026, 5:05:00 PM)

After market: 65.56 0 (0%)

65.56

+1.49 (+2.33%)

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 Change-2.16%
Ins Owners0.67%
Ins Owner Change0%
Market Cap12.71B
Revenue(TTM)1.52B
Net Income(TTM)382.00M
Analysts80
Price Target69.73 (6.36%)
Short Float %4.21%
Short Ratio4.96
Dividend
Industry RankSector Rank
Dividend Yield 3.26%
Yearly Dividend1.95
Dividend Growth(5Y)8.99%
DP103.47%
Div Incr Years20
Div Non Decr Years20
Ex-DateN/A
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)-1.69%
PT rev (3m)-1.6%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)-1.46%
EPS NY rev (1m)-1.25%
EPS NY rev (3m)1.83%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)-0.17%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)-0.19%
Valuation
Industry RankSector Rank
PE 33.11
Fwd PE 31.94
P/S 8.35
P/FCF 38.03
P/OCF 22.02
P/B 7.25
P/tB 7.25
EV/EBITDA 21.51
EPS(TTM)1.98
EY3.02%
EPS(NY)2.05
Fwd EY3.13%
FCF(TTM)1.72
FCFY2.63%
OCF(TTM)2.98
OCFY4.54%
SpS7.85
BVpS9.05
TBVpS9.05
PEG (NY)9.04
PEG (5Y)3.5
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 2.31
F-Score6
WACC7.74%
ROIC/WACC0.97
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 5Y6.37%
Revenue 1Y (TTM)0.31%
Revenue growth 3Y1.91%
Revenue growth 5Y6.96%
Sales Q2Q%0.41%
Revenue Next Year3.36%
Revenue Next 2Y3.83%
Revenue Next 3Y-0.17%
Revenue Next 5Y4.39%
EBIT growth 1Y8.7%
EBIT growth 3Y7.62%
EBIT growth 5Y8.06%
EBIT Next Year46.82%
EBIT Next 3Y17.4%
EBIT Next 5Y12.35%
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 3 / 10 to EQUITY LIFESTYLE PROPERTIES (ELS). This can be considered as Overvalued.


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 33.11 and the Price/Book (PB) ratio is 7.25.


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%.