Equity LifeStyle Properties, Inc. (ELS)Real Estate | REIT - Residential | Chicago, United States | NYSE
63.74 USD
-0.17
(-0.266%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 63.74 |
Hot Take ↕ | Aug. 22, 2026, 1:06 a.m. EDT
The investment case for Equity LifeStyle Properties is currently fractured by a dangerous disconnect between its operational performance and its market reality. Fundamentally, the company is executing well: it beat revenue and FFO estimates, boasts a healthy 20% earnings growth, and benefits from sticky tenant demographics. However, the market has punished this quality with a brutal multi-year decline, dropping nearly 14% last year and sitting at a valuation that implies permanent damage to the business model. The balance sheet is a major red flag; with a debt-to-equity ratio exceeding 180% and a current ratio of just 0.14, the company is financially stretched, which likely explains why investors are ignoring the strong earnings growth. This fragility is driving the options market to pile into deep out-of-the-money puts for protection, while the statistical forecast remains essentially flat, offering no clear directional edge. While the dividend yield is attractive, the payout ratio exceeds 100%, meaning the company is paying out more than it earns, which is unsustainable if the debt burden continues to weigh on cash flow. Until the balance sheet stabilizes and the market stops pricing in a structural decline, this remains a hold, not a buy. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.015010 |
| AutoARIMA | 0.015753 |
| AutoETS | 0.015774 |
| AutoTheta | 0.019942 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 60% |
| H-stat | 0.35 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.433 |
| Excess Kurtosis | 0.73 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-09-24 |
| Last Dividend Date | 2026-06-25 |
| Debt to Equity Ratio | 182.359 |
| Revenue per Share | 8.103 |
| Market Cap | 12,772,467,712 |
| Trailing P/E | 30.79 |
| Forward P/E | 29.30 |
| Beta | 0.66 |
| Profit Margins | 25.62% |
| Website | https://www.equitylifestyleproperties.com |
As of Aug. 22, 2026, 1:06 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume expiring in February 2027, suggesting a fear of significant downside or a 'crash' scenario far in the future. Conversely, call activity is concentrated deep in-the-money (at strikes like $50), indicating a belief that the stock will recover significantly from current lows rather than continue falling. Implied volatility is elevated on near-term puts compared to calls, reflecting immediate uncertainty despite the lack of aggressive bullish speculation.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.85% | 3.43% | 3.08% | 2.77% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-26 | 0.543000 | 0.845399 |
| 2026-03-27 | 0.543000 | 0.874255 |
| 2025-12-26 | 0.515000 | 0.841503 |
| 2025-09-26 | 0.515000 | 0.865110 |
| 2025-06-27 | 0.515000 | 0.837943 |
| 2025-03-28 | 0.515000 | 0.775252 |
| 2024-12-27 | 0.478000 | 0.717718 |
| 2024-09-27 | 0.478000 | 0.675523 |
| 2024-06-28 | 0.478000 | 0.733917 |
| 2024-03-27 | 0.478000 | 0.743044 |
| 2023-12-28 | 0.448000 | 0.625524 |
| 2023-09-28 | 0.448000 | 0.705179 |
| 2023-06-29 | 0.448000 | 0.674902 |
| 2023-03-30 | 0.448000 | 0.681680 |
| 2022-12-29 | 0.410000 | 0.627679 |
| 2022-09-29 | 0.410000 | 0.658212 |
| 2022-06-23 | 0.410000 | 0.565361 |
| 2022-03-24 | 0.410000 | 0.564039 |
| 2021-12-30 | 0.363000 | 0.416523 |
| 2021-09-23 | 0.363000 | 0.444308 |
| 2021-06-24 | 0.363000 | 0.482200 |
| 2021-03-25 | 0.363000 | 0.569412 |
| 2020-12-23 | 0.343000 | 0.565727 |
| 2020-09-24 | 0.343000 | 0.567036 |
| 2020-06-25 | 0.343000 | 0.542121 |
| 2020-03-26 | 0.343000 | 0.635421 |
| 2019-12-26 | 0.306000 | 0.441941 |
| 2019-09-26 | 0.306500 | 0.450735 |
| 2019-06-27 | 0.306500 | 0.512199 |
| 2019-03-28 | 0.306500 | 0.532488 |
| 2018-12-27 | 0.275000 | 0.570599 |
| 2018-09-27 | 0.275000 | 0.579985 |
| 2018-06-28 | 0.275000 | 0.601093 |
| 2018-03-28 | 0.275000 | 0.630662 |
| 2017-12-28 | 0.244000 | 0.548561 |
| 2017-09-28 | 0.244000 | 0.578679 |
| 2017-06-28 | 0.244000 | 0.569295 |
| 2017-03-29 | 0.244000 | 0.635665 |
| 2016-12-28 | 0.212500 | 0.604466 |
| 2016-09-28 | 0.212500 | 0.540506 |
| 2016-06-22 | 0.212500 | 0.576662 |
| 2016-03-22 | 0.212500 | 0.596575 |
| 2015-12-23 | 0.187500 | 0.572519 |
| 2015-09-23 | 0.187500 | 0.645884 |
| 2015-06-24 | 0.187500 | 0.708215 |
| 2015-03-25 | 0.187500 | 0.680210 |
| 2014-12-23 | 0.162500 | 0.634642 |
| 2014-09-24 | 0.162500 | 0.779938 |
| 2014-06-25 | 0.162500 | 0.733138 |
| 2014-03-26 | 0.162500 | 0.810676 |
| 2013-12-24 | 0.125000 | 0.694252 |
| 2013-09-25 | 0.125000 | 0.716949 |
| 2013-06-26 | 0.125000 | 0.649351 |
| 2013-03-26 | 0.125000 | 0.662252 |
| 2012-12-12 | 0.109500 | 0.659837 |
| 2012-09-26 | 0.109500 | 0.638670 |
| 2012-06-27 | 0.109500 | 0.662232 |
| 2012-03-28 | 0.109500 | 0.639323 |
| 2011-12-28 | 0.093750 | 0.568613 |
| 2011-09-28 | 0.093750 | 0.596469 |
| 2011-06-22 | 0.093750 | 0.580136 |
| 2011-03-23 | 0.093750 | 0.668926 |
| 2010-12-29 | 0.075000 | 0.533808 |
| 2010-09-22 | 0.075000 | 0.555556 |
| 2010-06-23 | 0.075000 | 0.598325 |
| 2010-03-24 | 0.075000 | 0.554221 |
| 2009-12-22 | 0.075000 | 0.610998 |
| 2009-09-23 | 0.075000 | 0.669792 |
| 2009-06-24 | 0.062500 | 0.707814 |
| 2009-03-25 | 0.062500 | 0.651551 |
| 2008-12-23 | 0.050000 | 0.551420 |
| 2008-09-24 | 0.050000 | 0.393005 |
| 2008-06-25 | 0.050000 | 0.426348 |
| 2008-03-26 | 0.050000 | 0.394633 |
| 2007-12-26 | 0.037500 | 0.314861 |
| 2007-09-26 | 0.037500 | 0.285063 |
| 2007-06-27 | 0.037500 | 0.291829 |
| 2007-03-28 | 0.037500 | 0.283661 |
| 2006-12-27 | 0.018750 | 0.136562 |
| 2006-09-27 | 0.018750 | 0.162057 |
| 2006-06-28 | 0.018750 | 0.175193 |
| 2006-03-29 | 0.018750 | 0.148633 |
| 2005-12-28 | 0.006250 | 0.055396 |
| 2005-09-28 | 0.006250 | 0.058480 |
| 2005-06-22 | 0.006250 | 0.064284 |
| 2005-03-22 | 0.006250 | 0.072971 |
| 2004-12-29 | 0.003250 | 0.036192 |
| 2004-09-22 | 0.003250 | 0.039063 |
| 2004-06-23 | 0.003250 | 0.039586 |
| 2004-03-24 | 0.003250 | 0.037791 |
| 2004-01-20 | 2.000000 | 27.118644 |
| 2003-09-24 | 0.123750 | 1.261146 |
| 2003-06-25 | 0.123750 | 1.454599 |
| 2003-03-26 | 0.123750 | 1.632586 |
| 2002-12-24 | 0.118750 | 1.565074 |
| 2002-09-25 | 0.118750 | 1.491366 |
| 2002-06-26 | 0.118750 | 1.341050 |
| 2002-03-25 | 0.118750 | 1.432881 |
| 2001-12-26 | 0.111250 | 1.427655 |
| 2001-09-26 | 0.111250 | 1.485314 |
| 2001-06-27 | 0.111250 | 1.594411 |
| 2001-03-28 | 0.111250 | 1.658591 |
| 2000-12-27 | 0.103750 | 1.424893 |
| 2000-09-27 | 0.103750 | 1.676768 |
| 2000-06-28 | 0.103750 | 1.729167 |
| 2000-03-29 | 0.101250 | 1.718833 |
| 1999-12-29 | 0.097000 | 1.600000 |
| 1999-09-22 | 0.097000 | 1.668817 |
| 1999-06-23 | 0.097000 | 1.492308 |
| 1999-03-24 | 0.095500 | 1.693075 |
| 1998-12-14 | 0.090500 | 1.524211 |
| 1998-09-23 | 0.090500 | 1.419608 |
| 1998-06-24 | 0.090500 | 1.481330 |
| 1998-03-25 | 0.090500 | 1.416137 |
| 1997-12-12 | 0.082500 | 1.208238 |
| 1997-09-24 | 0.082500 | 1.287805 |
| 1997-06-25 | 0.082500 | 1.454545 |
| 1997-03-25 | 0.082500 | 1.491525 |
| 1996-12-24 | 0.076250 | 1.394286 |
| 1996-09-25 | 0.076250 | 1.594771 |
| 1996-06-26 | 0.076250 | 1.659864 |
| 1996-03-27 | 0.076250 | 1.730496 |
| 1995-12-27 | 0.073750 | 1.748148 |
| 1995-09-27 | 0.073750 | 1.710145 |
| 1995-06-28 | 0.073750 | 1.873016 |
| 1995-03-27 | 0.073750 | 1.801527 |
| 1994-12-23 | 0.073750 | 1.552632 |
| 1994-09-26 | 0.072000 | 1.440000 |
| 1994-06-20 | 0.070000 | 1.258427 |
| 1994-03-21 | 0.068125 | 1.267442 |
| 1993-12-17 | 0.066250 | 1.300613 |
| 1993-09-20 | 0.065000 | 1.241791 |
| 1993-06-21 | 0.063750 | 1.557252 |
| 1993-03-22 | 0.020000 | 0.505929 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.07357633 |
| Address1 | Two North Riverside Plaza |
| Address2 | Suite 800 |
| All Time High | 88.7 |
| All Time Low | 3.4375 |
| Ask | 64.22 |
| Ask Size | 300 |
| Audit Risk | 5 |
| Average Analyst Rating | 1.9 - Buy |
| Average Daily Volume10 Day | 1,214,350 |
| Average Daily Volume3 Month | 1,512,732 |
| Average Volume | 1,512,732 |
| Average Volume10Days | 1,214,350 |
| Beta | 0.659 |
| Bid | 63.25 |
| Bid Size | 100 |
| Board Risk | 4 |
| Book Value | 9.064 |
| City | Chicago |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 3 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 63.74 |
| Current Ratio | 0.139 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 64.25 |
| Day Low | 63.56 |
| Debt To Equity | 182.359 |
| Display Name | Equity LifeStyle Properties |
| Dividend Date | 1,791,504,000 |
| Dividend Rate | 2.17 |
| Dividend Yield | 3.4 |
| Earnings Call Timestamp End | 1,784,822,400 |
| Earnings Call Timestamp Start | 1,784,822,400 |
| Earnings Growth | 0.191 |
| Earnings Quarterly Growth | 0.208 |
| Earnings Timestamp | 1,784,750,400 |
| Earnings Timestamp End | 1,792,612,800 |
| Earnings Timestamp Start | 1,792,612,800 |
| Ebitda | 761,028,992 |
| Ebitda Margins | 0.48533002 |
| Enterprise To Ebitda | 20.665 |
| Enterprise To Revenue | 10.029 |
| Enterprise Value | 15,726,426,112 |
| Eps Current Year | 2.04807 |
| Eps Forward | 2.1756 |
| Eps Trailing Twelve Months | 2.07 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,790,294,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 312 279 1710 |
| Fifty Day Average | 64.7468 |
| Fifty Day Average Change | -1.0068016 |
| Fifty Day Average Change Percent | -0.015549827 |
| Fifty Two Week Change Percent | 7.357633 |
| Fifty Two Week High | 69.0 |
| Fifty Two Week High Change | -5.2599983 |
| Fifty Two Week High Change Percent | -0.07623186 |
| Fifty Two Week Low | 58.72 |
| Fifty Two Week Low Change | 5.0200005 |
| Fifty Two Week Low Change Percent | 0.08549047 |
| Fifty Two Week Range | 58.72 - 69.0 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 730,650,600,000 |
| Five Year Avg Dividend Yield | 2.59 |
| Float Shares | 192,426,714 |
| Forward Eps | 2.1756 |
| Forward P E | 29.297665 |
| Free Cashflow | 603,528,512 |
| Full Exchange Name | NYSE |
| Full Time Employees | 3,700 |
| Fullday Change | -0.169998 |
| Fullday Change Percent | -0.265996 |
| Fullday Price | 63.74 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.53656 |
| Gross Profits | 841,364,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0076200003 |
| Held Percent Institutions | 1.12674 |
| Implied Shares Outstanding | 200,383,852 |
| Industry | REIT - Residential |
| Industry Disp | REIT - Residential |
| Industry Key | reit-residential |
| Ir Website | http://phx.corporate-ir.net/phoenix.zhtml?c=105322&p=irol-irhome |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,782,432,000 |
| Last Dividend Value | 0.543 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,571,184,000 |
| Last Split Factor | 2:1 |
| Long Business Summary | 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. |
| Long Name | Equity LifeStyle Properties, Inc. |
| Market | us_market |
| Market Cap | 12,772,467,712 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_31097 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 401,812,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 12,402,669,800 |
| Number Of Analyst Opinions | 19 |
| Open | 63.83 |
| Operating Cashflow | 588,641,024 |
| Operating Margins | 0.32112998 |
| Overall Risk | 4 |
| Payout Ratio | 1.0217 |
| Peg Ratio | 4.92 |
| Phone | 312 279 1400 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 63.74 |
| Post Market Time | 1,787,959,805 |
| Previous Close | 63.91 |
| Price Eps Current Year | 31.121984 |
| Price Hint | 2 |
| Price To Book | 7.0322156 |
| Price To Sales Trailing12 Months | 8.145311 |
| Profit Margins | 0.25625 |
| Quick Ratio | 0.029 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.89474 |
| Region | US |
| Regular Market Change | -0.169998 |
| Regular Market Change Percent | -0.265996 |
| Regular Market Day High | 64.25 |
| Regular Market Day Low | 63.56 |
| Regular Market Day Range | 63.56 - 64.25 |
| Regular Market Open | 63.83 |
| Regular Market Previous Close | 63.91 |
| Regular Market Price | 63.74 |
| Regular Market Time | 1,787,947,203 |
| Regular Market Volume | 1,976,849 |
| Return On Assets | 0.05905 |
| Return On Equity | 0.22877 |
| Revenue Growth | 0.064 |
| Revenue Per Share | 8.103 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 193,937,553 |
| Shares Percent Shares Out | 0.0434 |
| Shares Short | 8,426,750 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 7,694,368 |
| Short Name | Equity Lifestyle Properties, In |
| Short Percent Of Float | 0.0584 |
| Short Ratio | 5.07 |
| Source Interval | 15 |
| State | IL |
| Symbol | ELS |
| Target High Price | 78.0 |
| Target Low Price | 59.0 |
| Target Mean Price | 70.63158 |
| Target Median Price | 71.0 |
| Total Cash | 14,429,000 |
| Total Cash Per Share | 0.074 |
| Total Debt | 3,312,741,120 |
| Total Revenue | 1,568,076,032 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 2.115 |
| Trailing Annual Dividend Yield | 0.03309341 |
| Trailing Eps | 2.07 |
| Trailing P E | 30.792273 |
| Trailing Peg Ratio | 4.808 |
| Triggerable | 1 |
| Two Hundred Day Average | 63.82205 |
| Two Hundred Day Average Change | -0.08204651 |
| Two Hundred Day Average Change Percent | -0.0012855511 |
| Type Disp | Equity |
| Volume | 1,976,849 |
| Website | https://www.equitylifestyleproperties.com |
| Zip | 60,606-2609 |