Equity Lifestyle Properties, In (ELS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Equity Lifestyle Properties, In

NYSE•Real Estate•REIT - Residential

$60.30-0.15(<0.01%)After hours

Market Cap

$11.69B

P/E

28.9x

P/S

7.4x

P/B

6.7x

Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust. As of June 30, 2026, they own or have an interest in 453 properties in 35 states and British Columbia consisting of 173,419 sites. Equity LifeStyle Properties, Inc. is headquartered in Chicago. Equity LifeStyle Properties, Inc. was incorporated in 1992 in Maryland and based in Chicago, Illinois.

How this company scores

GoodMetricSide Score: 66/100

Strongest: Profitability (21/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability21/25

Growth14/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality21/25

Strengths

Strong marginsHigh ROEConsistent free cash flowConsistent growth

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.9x5y range 28.8x – 46.3x

Currently near its 20-quarter median.

P/S · 7.4x5y range 6.7x – 10.3x

Currently near its 20-quarter median.

P/B · 6.7x5y range 6.6x – 11.3x

Price & Volume

Market Cap $11.69B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.58B
Q. Revenue: $409.90M
TTM EBITDA: $626.06M
TTM Op. Income: $411.40M
Q. Op. Income: $100.66M
TTM Net Income: $404.07M
Q. Net Income: $89.25M
EPS: $0.45
Shares Out.: $193.82M

$1.58B in TTM revenue grew 3.2% YoY, reaching $409.90M last quarter. TTM EBITDA of $626.06M and TTM operating income of $411.40M show growth is flowing through to the bottom line. TTM net income of $404.07M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 38.0%
Op. Margin: 24.6%
Net Margin: 21.8%

Op. margin of 24.6% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 21.8% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 28.9x
P/S Ratio: 7.4x
P/B Ratio: 6.7x

At 28.9x P/E, the stock trades within typical market levels. P/S of 7.4x and P/B of 6.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.77B
Cash: $24.33M
Long-Term Debt: N/A
Book Value: $1.75B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $151.81M
TTM Free Cash Flow: $372.09M
FCF Margin: 23.6%
FCF / Net Income: 0.9

TTM FCF of $372.09M on $151.81M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.