Equity Lifestyle Properties Inc
Equity Lifestyle Properties Inc (ELS) is listed on NYSE and classified in REIT - Residential, part of the Real Estate sector. It is headquartered in Chicago, United States and has 3,700 employees. The company is worth $12.27B and trades at 30.3x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $1.53B in fiscal 2025, up 0.3% from the year before. Net income was $402.06M. The share price is 11.3% below its 52-week high of $69.00. It pays a dividend yielding 3.55%, and has raised its annual dividend for 21 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $78.17M. In that quarter, 3 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -24.7% over 5Y.
today you would have $836.24▼ -16.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $60.61 | $66.60 | $70.54 | $64.60 | $87.66 | $63.36 | $70.39 | $48.56 | $44.51 | $36.05 | $33.33 | $25.77 | $18.11 | $16.82 | $16.67 | $13.98 | $12.62 | $9.59 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 10.0% a year plus a 3.5% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 42.0 across this company’s own years on record.
Cash flow growing 10.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.7% a year against a 7.2% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| GLPIGaming & Leisure Properties, Inc. | $40.02 | 11.7x | 2.3x | 8.20% | 19.36% | $11.99B |
| CPTCamden Property Trust | $102.74 | 33.0x | 2.8x | 4.13% | 7.88% | $11.89B |
| AHRAmerican Healthcare REIT, Inc. | $53.40 | 78.5x | 2.8x | 1.87% | 3.95% | $11.64B |
| AMHAmerican Homes 4 Rent |
| P/E | 42.0x | 30.2x | 34.0x | 41.7x | 42.2x | 61.3x | 50.7x | 45.7x | 40.8x | 41.2x | 37.6x | 43.3x | 36.6x | 28.3x | 51.0x | 104.2x | 44.7x | 41.4x | 51.1x |
| P/S | 7.4x | 7.7x | 8.3x | 8.8x | 8.3x | 12.4x | 10.3x | 12.4x | 8.9x | 8.5x | 7.2x | 6.9x | 5.6x | 4.1x | 4.1x | 4.8x | 3.4x | 3.0x | 2.1x |
| P/B | 7.5x | 6.7x | 7.3x | 9.2x | 8.3x | 11.5x | 9.4x | 10.3x | 7.8x | 7.7x | 6.2x | 6.1x | 4.8x | 3.4x | 3.3x | 3.8x | 7.7x | 7.0x | 10.0x |
| EPS | $2.01 | $1.96 | $1.69 | $1.53 | $1.43 | $1.25 | $1.54 | $1.19 | $1.08 | $0.96 | $0.77 | $0.71 | $0.64 | $0.33 | $0.16 | $0.31 | $0.31 | $0.19 |
| Dividend yield | 2.26% | 3.40% | 2.87% | 2.54% | 2.54% | 1.66% | 2.17% | 1.74% | 2.27% | 2.19% | 2.36% | 2.25% | 2.52% | 2.76% | 2.60% | 2.25% | 2.15% | 2.18% | 2.09% |
| Payout | 97.48% | 102.49% | 97.55% | 106.04% | 107.19% | 101.54% | 109.76% | 79.58% | 92.44% | 90.37% | 88.54% | 97.40% | 92.20% | 78.13% | 132.73% | 234.38% | 96.00% | 90.16% | 106.67% |
| Profit margin | 20.81% | 26.25% | 25.21% | 22.13% | 20.65% | 20.97% | 21.58% | 28.53% | 22.94% | 22.74% | 21.50% | 18.32% | 17.83% | 17.27% | 8.75% | 4.57% | 8.56% | 6.76% | 3.95% |
| ROE | 19.50% | 22.89% | 22.11% | 23.07% | 20.67% | 19.50% | 19.57% | 23.68% | 20.19% | 20.39% | 18.55% | 16.27% | 15.18% | 14.09% | 6.96% | 3.63% | 19.49% | 15.56% | 19.02% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
-2.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $31.90 |
| 24.5x |
| 1.7x |
| 4.14% |
| 7.08% |
| $13.08B |
| UDRUDR, Inc. | $36.18 | 22.2x | 4.0x | 4.81% | 13.74% | $13.29B |
| BXPBXP, Inc. | $61.49 | 31.5x | 1.9x | 4.55% | 5.31% | $11.12B |