Equity Lifestyle Properties Inc (ELS) Fair Value & Analysis
Real Estate · US · Market cap $12.5B · ISIN US29472R1086
What is Equity Lifestyle Properties Inc really worth?
Equity Lifestyle Properties Inc
ELS · US
A solid business, but trading 199% above our fair value of $20.93.
Strengths
Risks
For context
Fair value as of: Aug 22, 2026
From 16 valuation models · updated 14 days ago
Share price −3.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($40.74). The favourable scenario is already priced in.
- The model range is unusually wide ($12.54 to $40.74). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range $52.38 – $77.64 · fair‑value band $12.54 – $40.74 · the $62.61 price screens above the $20.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.
Analysis
Equity Lifestyle Properties Inc (ELS) currently trades at $62.61, while our model-based Fair Value estimate is $20.93, implying the stock looks roughly 199.1% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of $33.88 per share, and 0 of the 16 models we run sit above the $62.61 price. Bear case: the Asset-Based group reads lowest at $6.07, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Equity Lifestyle Properties Inc generated revenue of $1.5B at a net margin of 25.0%. Revenue grew 1.2% year over year. It earns a return on equity of 21.9%. Net debt stands at $3.3B. Fundamentals as of Aug 22, 2026
Our scenario range runs from $12.54 (bear case) to $40.74 (bull case); at $62.61, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −39% fair-value upside, at −67%, ELS screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: Multiples ($33.88) versus Asset-Based ($6.07). Highest evidence: FCF DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust. As of March 31, 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.
Full company description
Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust. As of March 31, 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Equity Lifestyle Properties Inc reported revenue of $1.5B in FY2025 versus $1.3B in FY2021, a compound +3.9%/yr. Reported net income was $387M in FY2025, compounding +10.2%/yr from FY2021.
of which total revenue +6.8 % · buybacks/dilution −0.8 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
ELS screens 199% overvalued. Compare with EQR →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Equity LifeStyle Properties (ELS) Stock Looks Like a Bargain Below Fair Value
- Zacks Industry Outlook Essex Property, Equity LifeStyle and American Homes
- ELS Declares Third Quarter 2026 Dividend
Peer Group
REIT - Residential · 45 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Residential median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| EQR EQR | $66.79 | $36.19 | −46% |
| Essex Property Trust, Inc ESS | $284.03 | $177.90 | −37% |
| Invitation Homes INVH | $29.78 | $15.91 | −47% |
| Mid-America Apartment Communities, Inc MAA | $129.36 | $65.28 | −50% |
| Sun Communities, Inc SUI | $118.34 | $121.64 | +3% |
| UDR, Inc UDR | $37.51 | $19.76 | −47% |
| American Homes 4 Rent (AMH or the General Partner) AMH | $34.56 | $21.07 | −39% |
| Camden Property Trust, an S&P 500 Company CPT | $105.96 | $41.51 | −61% |
| Millrose Properties, Inc MRP | $31.72 | $41.87 | +32% |
| Canadian Apartment Properties Real Estate Investment Trust CARUN | C$33.70 | C$21.86 | −35% |
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