EQUITY LIFESTYLE PROPERTIES, INC.
At today's price, EQUITY LIFESTYLE PROPERTIES, INC. (ELS) is priced for +14.8% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- At $62.21 Equity LifeStyle trades near 34 times adjusted funds from operations, which inverts to roughly 14 percent annual AFFO growth held for five years. That sits at the very top of the REIT group, and only about 54 percent of REITs growing at that pace sustained it for five years, so the price asks for premium execution. - The underlying portfolio is unusually sticky. Manufactured housing is about 60 percent of revenue at 94 percent occupancy, homeowners make up 97 percent of that base, an
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478 institutional managers reported holding ELS in 13F filings for the quarter ended 2026-03-31. 64 opened new positions that quarter. Held by Vanguard Group, BlackRock, T. Rowe Price, among others. On the short side, 7.2M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (4.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ELS's share count grew 6.2% over the past five years. It pays a dividend, and has for 13 years running, raised 12 years straight; the current rate is $2.06 a share annually. Cash returned over the past three years: $1.01B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ELS over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ELS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +0.2% | -8.3% |
| 2023-10-26 | -0.4% | +8.0% |
| 2024-02-23 | +0.6% | -9.4% |
| 2024-05-02 | +4.8% | +0.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ELS's latest 8-K filings: 2026-05-27 (items 7.01, 9.01); 2026-05-04 (items 7.01, 9.01); 2026-04-29 (items 5.07, 8.01); 2026-04-22 (items 2.02, 9.01); 2026-02-26 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.