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EQUITY LIFESTYLE PROPERTIES INC ELS

NYSE · reit · Real Estate Investment Trusts · website · IPO 1993-02-25 · LEI

EQUITY LIFESTYLE PROPERTIES INC statistics & valuation

Market cap$12.5B
P / E31.2×
P / S8.2×
P / B6.9×
Dividend yield3.09%
Net margin26.3%
Return on equity22.2%
Net debt$3.3B
Net debt / EBITDA5.6×
Enterprise value USD$15.9B
EV / EBITDA26.5×
Earnings yield EBIT/EV2.5%
Graham number -68.8%$20.25

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($20.25); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
21.50% 22.70% 22.90% 28.50% 21.60% 21.00% 20.70% 22.10% 25.20% 26.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
36.20% 36.40% 36.00% 20.70% 20.40% 21.50% 24.90% 25.60% 2016201720182019202020212022202320242025
Return on equity (%)
17.30% 19.10% 19.00% 22.40% 18.50% 18.60% 19.70% 22.00% 21.10% 22.20% 2016201720182019202020212022202320242025
Shares outstanding
171.1M 186.8M 190.1M 192.0M 192.6M 192.9M 195.3M 195.4M 196.6M 200.1M 2016201720182019202020212022202320242025
Net debt ($)
$2.09B $2.20B $2.36B $2.25B $2.44B $3.27B $3.39B $3.52B $3.20B $3.35B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.40% 5.80% 5.80% 7.10% 5.50% 5.20% 5.40% 5.90% 6.80% 7.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.93× 2.00× 1.98× 1.70× 1.87× 2.20× 2.23× 2.35× 1.76× 1.84× 2016201720182019202020212022202320242025
EPS ($)
$1.92 $1.08 $1.19 $1.54 $1.25 $1.43 $1.53 $1.69 $1.96 $2.01 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

EQUITY LIFESTYLE PROPERTIES INC trades at about 32.3× earnings — below its 10-year norm (10-year range 19.3×–54.7×, median 44.5×).

19.3× 54.7×

Shaded band = 10-year range (19.3×–54.7×); dot = today's 32.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin25.6%24.9%21.5%20.4%20.7%——36.0%36.4%36.2%
Net margin26.3%25.2%22.1%20.7%21.0%21.6%28.5%22.9%22.7%21.5%
Return on assets7.0%6.8%5.9%5.4%5.2%5.5%7.1%5.8%5.8%5.4%
Return on equity22.2%21.1%22.0%19.7%18.6%18.5%22.4%19.0%19.1%17.3%
Debt / equity1.84×1.76×2.35×2.23×2.20×1.87×1.70×1.98×2.00×1.93×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.