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Equity Lifestyle Properties Inc (ELS)



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Upturn Advisory Summary
09/17/2025: ELS (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $70.97
1 Year Target Price $70.97
7 | Strong Buy |
3 | Buy |
6 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -21.88% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 12.34B USD | Price to earnings Ratio 31.35 | 1Y Target Price 70.97 |
Price to earnings Ratio 31.35 | 1Y Target Price 70.97 | ||
Volume (30-day avg) 16 | Beta 0.74 | 52 Weeks Range 58.15 - 72.89 | Updated Date 09/17/2025 |
52 Weeks Range 58.15 - 72.89 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 3.27% | Basic EPS (TTM) 1.94 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 23.97% | Operating Margin (TTM) 30.73% |
Management Effectiveness
Return on Assets (TTM) 5.83% | Return on Equity (TTM) 23.19% |
Valuation
Trailing PE 31.35 | Forward PE 28.65 | Enterprise Value 15021691636 | Price to Sales(TTM) 8.04 |
Enterprise Value 15021691636 | Price to Sales(TTM) 8.04 | ||
Enterprise Value to Revenue 10.49 | Enterprise Value to EBITDA 20.67 | Shares Outstanding 193790000 | Shares Floating 191078630 |
Shares Outstanding 193790000 | Shares Floating 191078630 | ||
Percent Insiders 1.29 | Percent Institutions 100.44 |
Upturn AI SWOT
Equity Lifestyle Properties Inc
Company Overview
History and Background
Equity Lifestyle Properties, Inc. (ELS) was founded in 1969 as Manufactured Home Communities, Inc. and went public in 1993. The company focused on acquiring and managing manufactured home communities. Over time, it expanded into RV resorts and campgrounds, evolving into a diversified real estate investment trust (REIT).
Core Business Areas
- Manufactured Home Communities: Owns and operates communities that offer homes for sale to residents that reside there.
- RV Resorts and Campgrounds: Owns and operates resorts and campgrounds that offer spaces for recreational vehicles and campers on a nightly, weekly, monthly, and annual basis.
Leadership and Structure
Marguerite Nader serves as the President and CEO. The organizational structure includes departments for operations, finance, investments, and marketing. The company operates as a REIT, with a board of directors overseeing its operations.
Top Products and Market Share
Key Offerings
- Manufactured Home Community Rentals: ELS provides rental homes within its communities. Competitors include Sun Communities (SUI) and UMH Properties (UMH).
- RV and Campground Site Rentals: ELS offers rental sites for RVs and campers. Competitors include large campground chains such as Thousand Trails and KOA.
Market Dynamics
Industry Overview
The manufactured housing and RV resort industry is experiencing growth due to affordability advantages, demographic trends (aging population), and lifestyle preferences (outdoor recreation).
Positioning
ELS is a leading REIT in the manufactured housing and RV resort sector, known for its high-quality properties and strong occupancy rates.
Total Addressable Market (TAM)
The TAM for manufactured housing and RV resorts is estimated to be in the tens of billions of dollars annually. ELS is well positioned to capture a significant share of this market through acquisitions and organic growth.
Upturn SWOT Analysis
Strengths
- Diversified portfolio
- Strong occupancy rates
- Experienced management team
- Solid financial performance
- Established brand reputation
Weaknesses
- Sensitivity to economic cycles
- Dependence on property management efficiency
- Regulatory risks related to zoning and land use
Opportunities
- Acquisitions of new properties
- Expansion into new markets
- Development of value-added services
- Capitalizing on demographic trends
Threats
- Economic downturns
- Increased competition
- Rising interest rates
- Changes in consumer preferences
- Environmental regulations
Competitors and Market Share
Key Competitors
- SUI
- U MH
Competitive Landscape
ELS's advantages include its size, scale, and established brand. Disadvantages may include regulatory challenges.
Major Acquisitions
NAI Lake George
- Year: 2018
- Acquisition Price (USD millions): 161
- Strategic Rationale: Expansion into a desirable market with high-quality properties.
Growth Trajectory and Initiatives
Historical Growth: ELS has demonstrated strong growth through acquisitions and organic expansion.
Future Projections: Analyst estimates project continued growth in revenue, NOI, and FFO.
Recent Initiatives: Recent initiatives include property acquisitions and investments in property upgrades.
Summary
Equity Lifestyle Properties is a leading REIT in the manufactured housing and RV resort sector with a solid track record. Its diversified portfolio and experienced management team contribute to its strength. However, economic downturns and rising interest rates pose potential risks, but acquisition opportunities and demographic trends provide growth potential.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Industry analysis
- Financial news sources
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Equity Lifestyle Properties Inc
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 1993-02-24 | CEO & Non-Independent Vice Chairman Ms. Marguerite M. Nader | ||
Sector Real Estate | Industry REIT - Residential | Full time employees 3800 | |
Full time employees 3800 |
We are a self-administered, self-managed real estate investment trust ("REIT") with headquarters in Chicago. As of July 21, 2025, we own or have an interest in 455 properties in 35 states and British Columbia consisting of 173,340 sites.

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