Equity LifeStyle Properties, Inc (ELS) Fair Value & Analysis
Real Estate · US · Market cap $12.5B
Equity LifeStyle Properties, Inc
ELS · US
Fair value as of: Jul 26, 2026
From 16 valuation models · updated 15 days ago
Share price +2.1% over the past month.
A solid business, but screening 67% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($42.35). The favourable scenario is already priced in.
- The model range is unusually wide ($12.73 to $42.35). 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 Jul 26, 2026.
How to read this chart
60‑month range $52.38 – $77.64 · fair‑value band $12.73 – $42.35 · the $65.17 price screens above the $21.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.
Analysis
Equity LifeStyle Properties, Inc (ELS) currently trades at $65.17, while our model-based Fair Value estimate is $21.27, implying the stock looks roughly 67.4% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: 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 Jul 26, 2026
Our scenario range runs from $12.73 (bear case) to $42.35 (bull case); at $65.17, 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 5% below its 52-week high and 15% above its 52-week low, currently above 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 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.
All 16 models by family
Widest divergence: Multiples ($33.88) versus Asset-Based ($6.07). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 63
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.
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.
ELS screens 67% overvalued. Compare with AvalonBay Communities, Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- ELS Declares Third Quarter 2026 Dividend
- Equity Lifestyle Properties Inc (ELS) Q2 2026 Earnings Call Highlights: Strong Financial Growth ...
- Equity Lifestyle Properties (ELS) Surpasses Q2 FFO and Revenue Estimates
- ELS Reports Second Quarter Results
Peer Group
REIT - Residential · 57 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
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| AvalonBay Communities, Inc AVB | $190.80 | $126.12 | -34% |
| EQR EQR | $67.86 | $38.10 | -44% |
| Essex Property Trust, Inc ESS | $293.46 | $177.90 | -39% |
| Invitation Homes INVH | $29.78 | $16.82 | -44% |
| Mid-America Apartment Communities, Inc MAA | $133.88 | $65.28 | -51% |
| Sun Communities, Inc SUI | $121.83 | $114.79 | -6% |
| UDR, Inc UDR | $39.59 | $19.76 | -50% |
| American Homes 4 Rent (AMH or the General Partner) AMH | $33.11 | $21.44 | -35% |
| Camden Property Trust, an S&P 500 Company CPT | $113.73 | $41.87 | -63% |
| Millrose Properties, Inc MRP | $28.52 | $41.87 | +47% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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