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Equity LifeStyle Properties Inc

NYSE: ELS

Stock price

60.48 USD

(-29.76%) 5 years

mobile homesREIT - ResidentialInvestable Universe

Financial Performance

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5Y price score: (43)

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 100.3%

DATE RANGE:

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  • Free cash flow per share

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57.4

52-week range

69.0

60.48

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Required return / cost of capital
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FCFF terminal growth rate
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Your fair value & Margin of safety

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Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

2.2 %

Dividend Yield TTM

3.5 %

Market cap $

$ 11,737

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

32

Price / Book TTM

6.7

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

(20.9)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

(1.3) %

(19.5) %

100.3 %

Free cash flow per share growth

9.1 %

28.8 %

8.9 %

Earnings per share growth

(14) %

63.6 %

150.6 %

Founded: 1,992

Employees: 1,347

Business Summary:equity lifestyle properties, inc. owns and operates the highest quality portfolio of resort communities in the united states. we have a controlling interest in over 300 quality resorts in 28 states and british columbia with over 110,000 sites. our goal is to create value for residents and investors by providing consistently high levels of services and amenities in attractive surroundings. our high standards have been recognized with several "community of the year" awards for the outstanding quality of our communities and the professionalism of our management. equity lifestyle properties is a real estate investment trust (reit) traded on the new york stock exchange under the symbol "els." our size, national scope and status as a publicly traded company afford us benefits unavailable to smaller, private owners. we have access to capital that allows us to grow, and to expand and upgrade existing communities. we are able to streamline our management operations, owning multiple communitie

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q3 (Oct 21, 2026)

1) Financial Performance Overview
- Normalized FFO growth of 4.6% in Q3 2026, meeting expectations.
- Q3 normalized FFO per share was $0.79, consistent with guidance.
- NOI growth of 6.7% driven by strong performance in core portfolio.
- Core community-based rental income increased 5.7% YoY, exceeding guidance midpoint.
- Annual base rental income for RV and Marina increased 5.3% in Q3, outperforming guidance.

2) Occupancy and Demand Drivers
- Increased occupancy by nearly 100 sites in manufactured housing (MH) during Q3.
- Strong demand in Florida markets, particularly Fort Lauderdale and West Palm Beach.
- 50% of communities maintain occupancy levels above 98%.
- Baby boomers and Gen X customers are increasingly choosing ELS communities for lifestyle and value.
- The redesigned website for MH communities has improved lead generation, with tour requests up double digits YoY.

3) Operational and Product Initiatives
- Continued focus on capital improvements in communities, enhancing amenities and infrastructure.
- Successful 100 Days of Camping social media campaign generated over 100 million views, boosting engagement.
- New website launched to enhance customer experience, improving navigation and mobile accessibility.
- Ongoing engagement with residents to identify needs and prioritize enhancements.

4) Guidance and Future Outlook
- Full year 2026 normalized FFO guidance maintained at $3.18 per share (midpoint).
- Projected core portfolio property operating income growth of 6% for the full year.
- Anticipated MH rent growth for 2027 is 5.1%, with RV and Marina growth expected at 4.7%.
- Fourth quarter normalized FFO guidance remains at $0.78-$0.84 per share.
- No significant impact from recent hurricanes; adjustments made based on seasonal reservation pacing.

5) Challenges and Market Dynamics
- Seasonal and transient rent decreased by 4.4% and 5.8%, respectively, in Q3, indicating a shift as summer ends.
- The transient business is facing headwinds, with lower-than-expected reservation pacing for the winter season.
- The company is monitoring the impact of the Road to Housing Act, which may provide future opportunities for innovation in manufactured housing.

Bottom line: ELS demonstrates solid financial performance and occupancy growth, driven by strong demand from both baby boomers and Gen X customers. The company is well-positioned for continued growth in 2027, despite facing some challenges in the transient RV market. Shareholders can expect stable returns supported by a robust operational strategy and ongoing enhancements to community offerings.

Annual Reports, Presentations And IR Contacts

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Annual report links (10K)
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Equity LifeStyle Properties Inc — Financial Overview, Stock Price, Market Cap

Equity LifeStyle Properties Inc is a company. Founded in 1992. As of October 23, 2026, the company's market capitalization is $11737028157 with a current stock price of $60.48.