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Equity Lifestyle Properties Inc (ELS)

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Upturn Advisory Summary
12/04/2025: ELS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $70.56
1 Year Target Price $70.56
| 7 | Strong Buy |
| 3 | Buy |
| 6 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -25.06% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 12.52B USD | Price to earnings Ratio 30.84 | 1Y Target Price 70.56 |
Price to earnings Ratio 30.84 | 1Y Target Price 70.56 | ||
Volume (30-day avg) 16 | Beta 0.79 | 52 Weeks Range 57.65 - 68.63 | Updated Date 12/6/2025 |
52 Weeks Range 57.65 - 68.63 | Updated Date 12/6/2025 | ||
Dividends yield (FY) 3.26% | Basic EPS (TTM) 2 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 24.87% | Operating Margin (TTM) 33.15% |
Management Effectiveness
Return on Assets (TTM) 5.86% | Return on Equity (TTM) 24.12% |
Valuation
Trailing PE 30.84 | Forward PE 30.49 | Enterprise Value 15370389860 | Price to Sales(TTM) 8.15 |
Enterprise Value 15370389860 | Price to Sales(TTM) 8.15 | ||
Enterprise Value to Revenue 10.69 | Enterprise Value to EBITDA 20.81 | Shares Outstanding 193828480 | Shares Floating 191163338 |
Shares Outstanding 193828480 | Shares Floating 191163338 | ||
Percent Insiders 1.29 | Percent Institutions 106.11 |
Upturn AI SWOT
Equity Lifestyle Properties Inc
Company Overview
History and Background
Equity Lifestyle Properties, Inc. (ELS) was founded in 1969. Initially focused on land development, it transitioned to acquiring and operating manufactured home communities, RV resorts, and campgrounds. ELS became a publicly traded REIT in 1993 and has grown through acquisitions and organic growth, becoming a leading owner and operator of these properties.
Core Business Areas
- Manufactured Home Communities: ELS owns and operates manufactured home communities, providing residents with affordable housing options. They lease homesites to residents who own their homes.
- RV Resorts and Campgrounds: ELS also owns and operates RV resorts and campgrounds, catering to recreational travelers and seasonal residents. These properties offer amenities such as swimming pools, clubhouses, and recreational facilities.
Leadership and Structure
Marguerite Nader is the President and CEO. The company operates as a REIT (Real Estate Investment Trust), with a board of directors overseeing its operations and strategy.
Top Products and Market Share
Key Offerings
- Manufactured Home Sites: Leasing manufactured home sites within communities. ELS is a major player in this sector, but specific market share data is difficult to pinpoint due to the fragmented nature of the market. Competitors include Sun Communities, UMH Properties and smaller regional operators.
- RV and Campground Stays: Offering short-term and seasonal stays at RV resorts and campgrounds. Again market share is hard to quantify, the sector is fragmented with many smaller players. Key competitors include large franchise brands like KOA and independent campgrounds.
Market Dynamics
Industry Overview
The manufactured housing industry is driven by demand for affordable housing and retirement living. The RV resort and campground industry benefits from leisure travel trends and outdoor recreation popularity. Both sectors are influenced by economic conditions and demographic shifts.
Positioning
ELS is a leading player in both the manufactured home community and RV resort sectors. Its competitive advantages include its scale, established brand, and portfolio of well-located properties.
Total Addressable Market (TAM)
The manufactured housing market is estimated to be over $20 billion annually, and the RV park and campground market is also in the billions. ELS is positioned to capture a significant share of this TAM due to its market leadership and expansion strategy.
Upturn SWOT Analysis
Strengths
- Large and diversified portfolio
- Strong brand reputation
- Experienced management team
- Consistent occupancy rates
- Scalable operating platform
Weaknesses
- Sensitivity to economic downturns
- Geographic concentration in certain regions
- Potential for regulatory changes
- Dependence on external financing
- Exposure to property damage from natural disasters
Opportunities
- Acquisitions of smaller operators
- Development of new communities and resorts
- Expansion into new geographic markets
- Increased demand for affordable housing
- Growing popularity of RV travel
Threats
- Rising interest rates
- Increased competition
- Economic recession
- Natural disasters
- Changes in zoning regulations
Competitors and Market Share
Key Competitors
- SUI
- UMH
- ACC
Competitive Landscape
ELS benefits from its scale and established brand. However, smaller competitors may be more nimble in adapting to local market conditions.
Major Acquisitions
Newport Pacific Family of RV Resorts and Manufactured Home Communities
- Year: 2021
- Acquisition Price (USD millions): 343.7
- Strategic Rationale: Expanded ELS's presence in California and Washington.
Growth Trajectory and Initiatives
Historical Growth: ELS has experienced consistent growth through acquisitions and organic expansion of its portfolio.
Future Projections: Analyst estimates for future growth are available from financial news and data providers.
Recent Initiatives: Recent initiatives include acquisitions of new properties, expansion of existing communities, and investments in technology to improve operational efficiency.
Summary
Equity Lifestyle Properties is a strong REIT operating in the manufactured housing and RV resort sectors. It benefits from a large, diversified portfolio and a stable business model. ELS needs to be mindful of economic downturns and interest rate hikes while they should capitalize on growth opportunities in affordable housing and RV travel.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Equity Lifestyle Properties Inc. Investor Relations
- SEC Filings (10K, 10Q)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data is subject to change. Actual results may vary.
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 September 30, 2025, we own or have an interest in 455 properties in 35 states and British Columbia consisting of 173,341 sites.

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