What is Equity Lifestyle Properties's market cap?

Equity Lifestyle Properties (ELS) has a market capitalization of $12.4B and trades on NYSE.

What is Equity Lifestyle Properties's revenue and profitability?

Equity Lifestyle Properties generated $1.5B in trailing twelve-month revenue with net income of $399.2M, representing a net margin of 25.9%, with free cash flow of $334.8M. These figures are based on the Q1 2026 filing.

Who are Equity Lifestyle Properties's competitors?

Equity Lifestyle Properties's key competitors include UMH Properties, Inc., Sun Communities, Inc., Centerspace, and others. These companies compete in similar markets and product categories.

Who does Equity Lifestyle Properties partner with?

Equity Lifestyle Properties's notable partners include Fannie Mae, Freddie Mac.

What subsidiaries does Equity Lifestyle Properties have?

Equity Lifestyle Properties's subsidiaries include MHC Operating Limited Partnership, Realty Systems, Inc., Thousand Trails.

Where is Equity Lifestyle Properties headquartered?

Equity Lifestyle Properties is headquartered in United States of America and employs approximately 4,000 people. It has been publicly traded since 1993.

Equity Lifestyle Properties

ELS

Equity LifeStyle Properties, Inc. (ELS) is a leading fully integrated real estate investment trust (REIT) that owns and operates a geographically diverse portfolio of lifestyle-oriented properties.

Market cap

$12.43B+5.1%

Revenue$1.5B+1.0%

Net income$399.2M+4.0%

Free cash flow$334.8M-6.9%

EPS (diluted)$2.00+3.1%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 21, 2026

Revenue$397.6MBeat by $1.9M EPS$0.84Beat by $0.29

Read the full report

Next report

Jul 22, 2026 (In 6 days)

Revenue estimate$383.7M

EPS estimate$0.43

Financials

Q1 2026

Income statement

See full

Revenue$397.6M+2.7%

Operating income$112.4M+2.6%

Net income$111.5M-2.5%

EPS (diluted)$0.56-1.8%

Balance sheet

See full

Cash & equivalents$39.2M-17.4%

Total equity$1.8B+0.7%

Total assets$5.7B+1.9%

Cash flow

See full

Operating cash flow$194.2M+0.4%

CapEx$45.3M+0.2%

Free cash flow$148.9M+0.5%

Valuation & ratios

Valuation

See full

Market cap$12.43B+5.1%

P/E31.1×+0.3×

P/S8.1×+0.3×

Profitability

See full

Operating margin25.6%+1.0pp

Net margin25.9%+0.7pp

FCF margin21.7%-1.8pp

Returns & leverage

See full

Return on equity22.7%-1.3pp

Segments

By product

See full

Annual membership subscriptions$18.3M+12.0%

Gross revenues from ancillary services$10.2M-1.4%

Home sales and brokered resales$8.9M-15.9%

Membership upgrade revenue$3.1M+2.2%

By segment

See full

Property Operations$380.9M+3.2%

Home Sales and Rentals Operations$12.7M-9.2%

Competitors

By market cap

Realty Income$59.5B+15.7%

Equity Residential$25.8B+1.9%

Invitation Homes$18.0B-9.2%

Sun Communities$14.8B-9.2%

Equity Lifestyle Properties$12.4B+4.8%

American Homes 4 Rent$12.2B-7.3%

UMH

UMH Properties$1.3B-8.8%

Centerspace$926.7M-7.5%

By revenue growth

Realty Income+9.8%

UMH

UMH Properties+9.1%

American Homes 4 Rent+5.6%

Invitation Homes+5.4%

Equity Residential+3.4%

Centerspace+3.1%

Sun Communities+2.0%

Equity Lifestyle Properties+1.0%

By net margin

Sun Communities62.02%+46.6pp

Equity Residential30.63%-2.5pp

American Homes 4 Rent28.64%+2.1pp

Equity Lifestyle Properties25.89%+0.7pp

Invitation Homes20.89%+2.9pp

Realty Income19.09%+0.9pp

Centerspace11.14%+11.9pp

UMH

UMH Properties10.95%-0.5pp

Profile

Equity LifeStyle Properties, Inc. (ELS) is a leading fully integrated real estate investment trust (REIT) that owns and operates a geographically diverse portfolio of lifestyle-oriented properties. The company specializes in manufactured home communities, recreational vehicle (RV) resorts, and marinas, primarily located near retirement and vacation destinations. Its unique business model focuses on owning the underlying land and leasing sites to customers who own their own homes, cottages, or vehicles, resulting in low maintenance and turnover costs.

Competitive position

One of the nation's largest real estate networks with a highly fragmented competitive landscape, benefiting from significant barriers to entry due to zoning restrictions.

GeographiesUnited States, Canada

Customer segmentsRetirees, Seasonal Travelers, Affordable Housing Seekers

Business modelLand Lease, Subscription Membership, Rental, Direct-to-Consumer Sales

SuppliersThird-party manufactured home builders, RV manufacturers, Municipal utility providers, Capital markets and lenders

CustomersIndividual homeowners, RV owners, Boat owners, Vacationers

CountryUnited States of America

Listed1993

Employees4.0K

CEOMarguerite Nader

SectorReal Estate

IndustryREIT - Residential

Websiteequitylifestyleproperties.com

FilingsSEC EDGAR

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Questions, answered.

What is Equity Lifestyle Properties's market cap?: Equity Lifestyle Properties (ELS) has a market capitalization of $12.4B and trades on NYSE.
What is Equity Lifestyle Properties's revenue and profitability?: Equity Lifestyle Properties generated $1.5B in trailing twelve-month revenue with net income of $399.2M, representing a net margin of 25.9%, with free cash flow of $334.8M. These figures are based on the Q1 2026 filing.
Who are Equity Lifestyle Properties's competitors?: Equity Lifestyle Properties's key competitors include UMH Properties, Inc., Sun Communities, Inc., Centerspace, and others. These companies compete in similar markets and product categories.
Who does Equity Lifestyle Properties partner with?: Equity Lifestyle Properties's notable partners include Fannie Mae, Freddie Mac.
What subsidiaries does Equity Lifestyle Properties have?: Equity Lifestyle Properties's subsidiaries include MHC Operating Limited Partnership, Realty Systems, Inc., Thousand Trails.
Where is Equity Lifestyle Properties headquartered?: Equity Lifestyle Properties is headquartered in United States of America and employs approximately 4,000 people. It has been publicly traded since 1993.