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Equity LifeStyle Properties/$ELS

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About Equity LifeStyle Properties

Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company has a portfolio of 453 properties across the US with a higher concentration in the Sun Belt; 38% of its properties are in Florida, 11% in Arizona, and 10% in California. Equity Lifestyle targets owning properties in attractive retirement destinations. More than 70% of the company's properties are either age-restricted or have an average resident age over 55.
Ticker
$ELS
Primary listing
NYSE
Employees
3,700

ELS Metrics

BasicAdvanced
$11B
29.16
$2.02
0.64
$2.14
3.69%

What the Analysts think about ELS

Analyst ratings (Buy, Hold, Sell) for Equity LifeStyle Properties stock.
Analyst projections of the future price of Equity LifeStyle Properties stock.

Bulls say / Bears say

Manufactured housing is delivering reliable growth: core base rent rose 5.7% year on year in the third quarter, with 99 net occupied sites added. Management’s preliminary 2027 rent-growth assumption is about 5.1%. (SEC)
ELS is turning revenue growth into stronger property income. Third-quarter core revenue rose 4.4% while operating expenses rose just 1.3%, lifting core property operating income by 6.7% and normalized FFO per share by 4.6%. (SEC)
Recurring RV income and membership subscriptions are growing despite softer short-stay demand. Annual RV and marina rent rose 5.3% and membership subscriptions rose 8.4% in the quarter, supporting a more predictable revenue base. (SEC)
Seasonal and transient RV demand is weakening: their combined base rental income fell 5.6% in the quarter and 9.3% year to date. Total core RV and marina rent grew just 0.8% over the first nine months of 2026. (SEC)
Manufactured-housing occupancy remains below last year’s level, at 93.8% versus 94.3% in the third quarter of 2025. That leaves ELS needing to fill more sites as well as raise rents to sustain growth. (SEC)
Financing costs are rising faster than underlying growth: interest and related amortisation expense increased 5.2% year on year over the first nine months, while normalized FFO per share grew 4.0%. Persistent borrowing-cost pressure could weigh on future earnings growth. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.

ELS Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

ELS Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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