Equity LifeStyle Properties, Inc. ELS
Based in Chicago, Equity LifeStyle Properties, Inc. operates as a self-managed Real Estate Investment Trust (REIT). As of January 25, 2021, its extensive portfolio includes 423 quality properties located across 33 U.S. states and British Columbia, collectively comprising 161,229 sites.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-18 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Normalized FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-27) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model ELS yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.53B | $386.51M | $213.74M | $612.53M | $571.15M |
| 2024 | $1.43B | $367.01M | $209.40M | $731.57M | $596.72M |
| 2023 | $1.40B | $314.21M | $209.10M | $660.63M | $548.00M |
| 2022 | $1.37B | $284.63M | $207.05M | $622.44M | $475.81M |
| 2021 | $1.32B | $262.48M | $191.43M | $575.40M | $509.03M |
| 2020 | $1.08B | $228.28M | $157.76M | $496.55M | $417.41M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-25 | 2026-09-25 | 2026-10-09 | 2026-07-28 | $0.54 | Quarterly |
| 2026-06-26 | 2026-06-26 | 2026-07-10 | 2026-04-28 | $0.54 | Quarterly |
| 2026-03-27 | 2026-03-27 | 2026-04-10 | 2026-02-03 | $0.54 | Quarterly |
| 2025-12-26 | 2025-12-26 | 2026-01-09 | 2025-10-28 | $0.52 | Quarterly |
| 2025-09-26 | 2025-09-26 | 2025-10-10 | 2025-07-29 | $0.52 | Quarterly |
| 2025-06-27 | 2025-06-27 | 2025-07-11 | 2025-04-29 | $0.52 | Quarterly |
| 2025-03-28 | 2025-03-28 | 2025-04-11 | 2025-02-06 | $0.52 | Quarterly |
| 2024-12-27 | 2024-12-27 | 2025-01-10 | 2024-10-30 | $0.48 | Quarterly |
| 2024-09-27 | 2024-09-27 | 2024-10-11 | 2024-07-30 | $0.48 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-12 | 2024-04-30 | $0.48 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-12 | 2024-02-06 | $0.48 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-12 | 2023-10-24 | $0.45 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-13 | 2023-07-25 | $0.45 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-14 | 2023-04-25 | $0.45 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | 2023-02-07 | $0.45 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | 2022-10-27 | $0.41 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-07-26 | $0.41 | Quarterly |
| 2022-06-23 | 2022-06-24 | 2022-07-08 | 2022-04-28 | $0.41 | Quarterly |
| 2022-03-24 | 2022-03-25 | 2022-04-08 | 2022-03-03 | $0.41 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-14 | 2021-10-26 | $0.36 | Quarterly |
| 2021-09-23 | 2021-09-24 | 2021-10-08 | 2021-07-26 | $0.36 | Quarterly |
| 2021-06-24 | 2021-06-25 | 2021-07-09 | 2021-06-14 | $0.36 | Quarterly |
| 2021-03-25 | 2021-03-26 | 2021-04-09 | 2021-03-12 | $0.36 | Quarterly |
| 2020-12-23 | 2020-12-24 | 2021-01-08 | 2020-12-10 | $0.34 | Quarterly |
Coverage (payout of operating cash flow): 76.03%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — ELS
Equity Lifestyle Properties, Inc. $ELS Shares Newly Bought by First Citizens Bank & Trust Co.
Equity LifeStyle Properties, Inc. Announces Third Quarter 2026 Earnings Release And Conference Call
Equity LifeStyle Properties: This Residential REIT Remains A Buy
Dividend Champion, Contender, And Challenger Highlights: Week October 4
Equity Lifestyle Properties (NYSE:ELS) Sets New 52-Week Low – What’s Next?
Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Average Rating of “Hold” from Analysts
Equity Lifestyle Properties: Single-Family REIT Showing A Growth Case, Despite Mizuho Downgrade
The REIT Conundrum
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Residential REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.