Equity Lifestyle Properties (NYSE:ELS) Posts Earnings Results, Beats Expectations By $0.02 EPS

Posted by George Bondi on Jul 23rd, 2026

Equity Lifestyle Properties (NYSE:ELS – Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02, Zacks reports. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The firm had revenue of $397.81 million during the quarter, compared to analysts’ expectations of $383.66 million. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Equity Lifestyle Properties updated its FY 2026 guidance to 3.130-3.230 EPS and its Q3 2026 guidance to 0.760-0.820 EPS.

Equity Lifestyle Properties Stock Up 1.0%

ELS stock opened at $65.53 on Thursday. The firm has a market cap of $12.71 billion, a PE ratio of 32.76, a PEG ratio of 3.95 and a beta of 0.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04. The firm’s 50 day moving average price is $63.51 and its 200-day moving average price is $64.12. Equity Lifestyle Properties has a one year low of $58.15 and a one year high of $69.00.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 26th. Equity Lifestyle Properties’s payout ratio is presently 108.50%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Mizuho assumed coverage on Equity Lifestyle Properties in a report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 target price on the stock. Robert W. Baird lifted their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Barclays reissued an “equal weight” rating and set a $68.00 target price on shares of Equity Lifestyle Properties in a research note on Tuesday, July 14th. Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of “Hold” and an average price target of $68.70.

Check Out Our Latest Stock Report on Equity Lifestyle Properties

Institutional Trading of Equity Lifestyle Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Equity Lifestyle Properties by 303.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock valued at $966,648,000 after buying an additional 11,999,874 shares during the period. Daiwa Securities Group Inc. increased its holdings in Equity Lifestyle Properties by 253.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after buying an additional 2,257,299 shares during the last quarter. Boston Partners raised its stake in Equity Lifestyle Properties by 2.1% in the third quarter. Boston Partners now owns 2,902,967 shares of the real estate investment trust’s stock valued at $176,227,000 after buying an additional 60,852 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Equity Lifestyle Properties by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,804,388 shares of the real estate investment trust’s stock worth $169,974,000 after buying an additional 88,061 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Equity Lifestyle Properties by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,786,824 shares of the real estate investment trust’s stock worth $168,912,000 after buying an additional 40,813 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Equity Lifestyle Properties

Here are the key news stories impacting Equity Lifestyle Properties this week:

Positive Sentiment: ELS reported Q2 FFO of $0.74 per share, ahead of the $0.72 estimate and up from $0.69 a year ago, signaling continued operational strength. Article Title
Positive Sentiment: Revenue came in at about $397.8 million, beating expectations of $383.7 million and rising 5.5% year over year, which reinforces demand across the REIT’s portfolio. Article Title
Neutral Sentiment: The company guided Q3 2026 EPS to $0.76-$0.82 and FY 2026 EPS to $3.13-$3.23, both close to analyst expectations, suggesting management is maintaining a steady outlook rather than issuing a major surprise. Article Title

Equity Lifestyle Properties Company Profile

(Get Free Report)

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.