ELS · Equity Lifestyle Properties Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ELS

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.53B	$1.53B	$1.49B	$1.45B	$1.27B	$1.09B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$37.51M	$38.48M	$47.28M	$44.86M	$40.72M	$39.28M
Total Operating Expenses	$1.14B	$1.15B	$1.17B	$1.15B	$999.52M	$855.43M
D&A	-	-	-	-	-	-
Operating Income	$391.35M	$380.68M	$272.18M	$295.46M	$272.12M	$236.02M
Interest Expense	$131.00M	$137.71M	$132.34M	$116.56M	$108.72M	$102.77M
Income Tax	($3.27M)	($354.0K)	$0	$0◇	$0◇	-
Net Income	$402.06M	$384.82M	$329.68M	$298.82M	$276.00M	$241.42M
EPS - Basic	$2.01	$1.96	$1.69	$1.53	$1.43	$1.26
EPS - Diluted	$2.01	$1.96	$1.69	$1.53	$1.43	$1.25

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$26.13M	$24.58M	$29.94M	$22.35M	$123.40M	$24.06M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$5.75B	$5.65B	$5.61B	$5.49B	$5.31B	$4.42B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$3.35B	$3.20B	$3.52B	$3.39B	$3.27B	$2.44B
Total Liabilities	$3.93B	$3.82B	$4.12B	$3.98B	$3.82B	$3.11B
Stockholders' Equity	$1.76B	$1.74B	$1.43B	$1.45B	$1.42B	$1.23B
Retained Earnings	-	-	-	-	-	-

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$571.15M	$596.72M	$548.00M	$599.34M	$595.05M	$466.54M
Investing Cash Flow	($277.08M)	($217.84M)	($324.75M)	($525.59M)	($914.46M)	($450.38M)
Financing Cash Flow	($292.51M)	($384.24M)	($215.66M)	($174.80M)	$418.74M	($20.96M)
CapEx	-	-	-	$132.80M	$398.00M	$209.20M
Free Cash Flow	-	-	-	$466.54M	$197.05M	$257.34M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	25.6%	24.9%	18.3%	20.4%	21.4%	21.6%
EBITDA margin	-	-	-	-	-	-
Net margin	26.3%	25.2%	22.1%	20.7%	21.7%	22.1%
Free cash flow margin	-	-	-	32.2%	15.5%	23.6%
FCF / Net income	-	-	-	1.56	0.71	1.07
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	2.4%	2.5%	3.2%	3.1%	3.2%	3.6%
Effective tax rate	-0.8%	-0.1%	0.0%	0.0%	0.0%	-
Return on assets	7.0%	6.8%	5.9%	5.4%	5.2%	5.5%
Return on equity	22.9%	22.1%	23.1%	20.7%	19.5%	19.6%
Return on invested capital	7.7%	7.7%	5.5%	6.1%	5.8%	-
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	1.91	1.84	2.46	2.34	2.31	1.98
Debt / Assets	0.58	0.57	0.63	0.62	0.62	0.55
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	3.0x	2.8x	2.1x	2.5x	2.5x	2.3x
Equity multiplier	3.27	3.24	3.93	3.80	3.75	3.58
Liabilities / Assets	0.68	0.68	0.73	0.72	0.72	0.70
Efficiency
Asset turnover	0.27	0.27	0.27	0.26	0.24	0.25
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	30.2x	34.0x	41.7x	42.2x	61.3x	50.7x
P / B	6.9x	7.5x	9.6x	8.7x	11.9x	9.9x
P / S	7.9x	8.6x	9.3x	8.7x	13.3x	11.2x
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	0.3%	2.5%	2.9%	13.8%	16.5%	5.2%
Revenue CAGR (3y)	1.9%	6.3%	10.9%	11.7%	8.8%	5.7%
Revenue CAGR (5y)	7.0%	8.0%	8.6%	9.4%	7.9%	5.8%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	2.8%	39.9%	-7.9%	8.6%	15.3%	-17.8%
Net income growth (YoY)	4.5%	16.7%	10.3%	8.3%	14.3%	-18.4%
EPS growth (YoY)	2.6%	16.0%	10.5%	7.0%	14.4%	-18.8%
EPS CAGR (3y)	9.5%	11.1%	10.6%	-0.2%	-15.6%	-16.8%
EPS CAGR (5y)	10.0%	4.9%	-6.6%	-6.8%	-5.7%	-4.1%
FCF growth (YoY)	-	-	-	136.8%	-23.4%	-14.5%
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	0.9%	21.8%	-1.2%	2.1%	14.7%	-1.3%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.51B total

Property Operations Segment$1.46B · 96.2%

Home Sales And Rentals$56.95M · 3.8%

Product / service

$260.49M total

Home Sales Brokered Resales And Ancillary Services$86.03M · 33.0%

Right To Use Annual Payment$69.27M · 26.6%

Ancillary Services$43.37M · 16.6%

Home Sales And Brokered Resale$42.67M · 16.4%

Right To Use Contracts Current$12.41M · 4.8%

Membership Subscription$6.74M · 2.6%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
-Current ratio improved
✗No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

Company	Revenue (last FY)	Net margin	ROE
UMH	$261.75M	2.3%	0.7%
ARE	-	-	-9.2%
VTR	$5.83B	4.3%	2.0%
SPG	$6.36B	72.7%	88.8%
NYSE: KRC	$1.11B	0.0%	0.0%

Comparing EQUITY LIFESTYLE PROPERTIES INC against the 5 most active filers in the same SIC group.

Dividends

$2.09/share trailing 12 months · +7.1% YoY

Ex-date	Per share
Mar 27, 2026	$0.5430
Dec 26, 2025	$0.5150
Sep 26, 2025	$0.5150
Jun 27, 2025	$0.5150
Mar 28, 2025	$0.5150
Dec 27, 2024	$0.4780
Sep 27, 2024	$0.4780
Jun 28, 2024	$0.4780
Mar 27, 2024	$0.4780
Dec 28, 2023	$0.4480
Sep 28, 2023	$0.4480
Jun 29, 2023	$0.4480
Mar 30, 2023	$0.4480
Dec 29, 2022	$0.4100
Sep 29, 2022	$0.4100
Jun 23, 2022	$0.4100
Mar 24, 2022	$0.4100
Dec 30, 2021	$0.3630
Sep 23, 2021	$0.3630
Jun 24, 2021	$0.3630
Mar 25, 2021	$0.3630
Dec 23, 2020	$0.3430
Sep 24, 2020	$0.3430
Jun 25, 2020	$0.3430

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.