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Equity Lifestyle Properties Inc (ELS)



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Upturn Advisory Summary
08/28/2025: ELS (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $71.26
1 Year Target Price $71.26
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 12.17B USD | Price to earnings Ratio 30.74 | 1Y Target Price 71.26 |
Price to earnings Ratio 30.74 | 1Y Target Price 71.26 | ||
Volume (30-day avg) 16 | Beta 0.71 | 52 Weeks Range 58.15 - 74.34 | Updated Date 08/29/2025 |
52 Weeks Range 58.15 - 74.34 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 3.31% | 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 30.74 | Forward PE 30.4 | Enterprise Value 14794957630 | Price to Sales(TTM) 7.94 |
Enterprise Value 14794957630 | Price to Sales(TTM) 7.94 | ||
Enterprise Value to Revenue 10.33 | Enterprise Value to EBITDA 20.36 | Shares Outstanding 193790000 | Shares Floating 191078630 |
Shares Outstanding 193790000 | Shares Floating 191078630 | ||
Percent Insiders 1.29 | Percent Institutions 100.36 |
Upturn AI SWOT
Equity Lifestyle Properties Inc
Company Overview
History and Background
Equity Lifestyle Properties (ELS) was founded in 1969. It is a real estate investment trust (REIT) that owns and operates manufactured home communities, RV resorts, and campgrounds primarily in the United States. Over time, ELS has grown through acquisitions and development, focusing on high-quality properties in desirable locations.
Core Business Areas
- Manufactured Home Communities: ELS owns and operates manufactured home communities, offering residents affordable housing options with amenities and community features.
- RV Resorts and Campgrounds: ELS owns and operates RV resorts and campgrounds, providing vacation and seasonal living options for RVers and campers.
Leadership and Structure
Marguerite Nader is the President and CEO of Equity Lifestyle Properties. The company operates as a REIT with a board of directors overseeing management.
Top Products and Market Share
Key Offerings
- Manufactured Home Community Rentals: ELS provides rental spaces for manufactured homes in its communities. The manufactured housing market is competitive, with other REITs and private operators. Market share data is not easily disaggregated for rentals alone but is significant within the overall ELS portfolio. Competitors include Sun Communities, UMH Properties and other REIT's.
- RV Resort and Campground Rentals: ELS offers short-term and long-term rental spaces for RVs and campers. The RV park and campground market is fragmented, with numerous independent operators and smaller chains. Competitors include Thousand Trails, KOA, and other hospitality REITs and private operators. Market share data is not easily disaggregated for rentals alone but is significant within the overall ELS portfolio.
Market Dynamics
Industry Overview
The manufactured housing and RV resort industries are driven by factors such as affordability, demographic trends (aging population), and consumer preferences for outdoor recreation and alternative living. The RV industry has seen a surge in popularity in recent years.
Positioning
ELS is a leading REIT in the manufactured home community and RV resort sectors. Its competitive advantages include its scale, brand reputation, and focus on high-quality properties in desirable locations. ELS offers attractive real estate investment opportunities while providing rental housing and vacation rental services.
Total Addressable Market (TAM)
The total addressable market for manufactured housing and RV resorts is estimated to be in the tens of billions of dollars. ELS is well-positioned to capture a significant share of this market through acquisitions, development, and organic growth. It represents an attractive real estate investment opportunity.
Upturn SWOT Analysis
Strengths
- Leading position in the manufactured home and RV resort sectors
- High-quality portfolio of properties
- Strong brand reputation
- Experienced management team
- Consistent operating performance
Weaknesses
- Sensitivity to economic cycles
- Geographic concentration in certain regions
- Exposure to regulatory risks
- Dependence on external financing
Opportunities
- Acquisitions of additional properties
- Development of new communities and resorts
- Expansion into new geographic markets
- Increased demand for affordable housing
- Growing popularity of RV travel
Threats
- Economic downturns
- Rising interest rates
- Increased competition
- Changes in regulations
- Natural disasters
Competitors and Market Share
Key Competitors
- SUI
- UMH
Competitive Landscape
ELS benefits from a large established base. SUI has been focusing on development and expansion. UMH Properties focuses on the affordable housing segment
Major Acquisitions
North Star Deluxe Homes
- Year: 2015
- Acquisition Price (USD millions): 358
- Strategic Rationale: Enhanced manufactured housing portfolio. Expansion into the New England area.
Growth Trajectory and Initiatives
Historical Growth: Equity Lifestyle Properties has experienced consistent growth in revenue and earnings over the past decade, driven by acquisitions and organic growth.
Future Projections: Analyst estimates project continued growth in revenue and earnings for Equity Lifestyle Properties, driven by favorable industry trends and the company's strategic initiatives. Please consult Analyst's reports for specifics.
Recent Initiatives: Recent initiatives include acquisitions of new properties, development of existing communities, and investments in technology to enhance the resident experience.
Summary
Equity Lifestyle Properties is a strong REIT with a leadership position in the manufactured home community and RV resort sectors. The company's high-quality portfolio, strong brand reputation, and experienced management team contribute to its consistent operating performance. However, Equity Lifestyle Properties is subject to economic cycles and regulatory risks, which could impact its financial performance. ELS could benefit from increased acquisitions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Analyst reports
- Industry publications
- Company Website
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share data is approximate and may vary depending on the source.
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 April 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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