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NYSE · Real estateEquity Lifestyle Properties Inc (ELS)
Equity Lifestyle Properties Inc brought in $1.6B of revenue over the twelve months to September 30, 2026, up 3.2% from a year earlier. Net income was $404.1M, a net margin of 25.6%. Operating cash flow minus capital spending left $334.1M of free cash flow in fiscal 2025. At September 30, 2026 it held $24.3M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 27, 2026.
Key facts about Equity Lifestyle Properties Inc
- Net worth
- Equity Lifestyle Properties Inc has a market value (market cap) of $12.2B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.5B (+0.3% year on year), with net income of $402.1M. Over the 12 months to September 30, 2026: revenue $1.6B, net income $404.1M.
- Cash flow
- In fiscal 2025 operations brought in $571.1M of cash; after $237.1M of capital spending, free cash flow was $334.1M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 27, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Equity Lifestyle Properties Inc's next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Equity Lifestyle Properties Inc declared dividends of $2.06 per share in fiscal 2025, a yield of 3.28% at the current price.
What Equity Lifestyle Properties Inc does
Equity Lifestyle Properties Inc is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker ELS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.5B | $402.1M | $2.01 | $334.1M |
| 2024 | $1.5B | $384.8M | $1.96 | $355.4M |
| 2023 | $1.5B | $329.7M | $1.69 | $230.9M |
| 2022 | $1.4B | $298.8M | $1.53 | $343M |
| 2021 | $1.3B | $276M | $1.43 | $111M |
| 2020 | $1.1B | $241.4M | $1.25 | $208.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where ELS ranks in Real estate
Dividends
Equity Lifestyle Properties Inc declared $2.06 per share in fiscal 2025. At the current price that is a yield of 3.28%. It paid out $388M in cash dividends, 96% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.06 | $388M | 96% |
| 2024 | $1.91 | $350.6M | 91% |
| 2023 | n/a | $326.4M | 99% |
| 2022 | n/a | $296.1M | 99% |
| 2021 | n/a | $261.7M | 95% |
| 2020 | n/a | $242.9M | 101% |
Latest SEC filings
What Equity Lifestyle Properties Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026
- October 27, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.2% to $409.9M versus the same quarter last year; diluted EPS $0.45 versus $0.50.
- October 21, 2026
- September 10, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.6% to $397.8M versus the same quarter last year; diluted EPS $0.50 versus $0.42.
- July 28, 2026Other event 8-K
- July 23, 2026
- May 27, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
What is ELS worth? A DCF from its reported cash flow
Insider trades
What the people running Equity Lifestyle Properties Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Freedman ConstanceDirector | Received as pay | 76 | $3.7K |
| October 28, 2026 | Contis David JDirector | Gave as a gift | 772 | - |
| October 28, 2026 | Contis David JDirector | Gave as a giftindirect | 772 | - |
| October 1, 2026 | Freedman ConstanceDirector | Received as pay | 392 | $19.4K |
| August 3, 2026 | Freedman ConstanceDirector | Received as pay | 62 | $3.4K |
| July 31, 2026 | Peppet Scott RDirector | Gave as a gift | 3,615 | - |
| July 1, 2026 | Freedman ConstanceDirector | Received as pay | 377 | $19.5K |
| May 1, 2026 | Contis David JDirector | Gave as a gift | 111 | - |
Who owns ELS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| T. Rowe Price Associates, Inc.13G, passive | 9.2% | May 15, 2026 |
| Vanguard Portfolio Management13G, passive | 8.19% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.15% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 476 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 24,460,025 | +562,790 |
| Vanguard Portfolio Management LLC | 16,433,541 | +578,165 |
| State Street Corp | 11,608,725 | -84,623 |
| Vanguard Capital Management LLC | 8,773,609 | +366,558 |
| Aristotle Capital Management, LLC | 8,183,427 | -435,200 |
| Principal Financial Group Inc | 7,548,806 | +1,113,441 |
| Victory Capital Management Inc | 5,262,476 | -168,640 |
| Geode Capital Management, LLC | 4,913,444 | +135,339 |
| Daiwa Securities Group Inc. | 3,721,394 | +195,045 |
| Massachusetts Financial Services Co | 3,512,521 | -808,789 |
| Centersquare Investment Management LLC | 3,200,525 | +946,174 |
| Charles Schwab Investment Management Inc | 3,095,506 | +184,860 |
| Jpmorgan Chase & Co | 3,035,606 | -1,710,408 |
| Boston Partners | 2,815,355 | +83,149 |
| Dimensional Fund Advisors LP | 2,810,482 | +4,402 |
| Invesco Ltd. | 2,558,297 | +1,970,228 |
| Resolution Capital Ltd | 2,508,699 | +623,407 |
| Norges Bank | 2,325,181 | new |
| Morgan Stanley | 2,049,432 | -87,124 |
| Northern Trust Corp | 2,013,899 | -13,993 |
Insiders
13 insiders reported holding 1,403,247 shares in total, about $88.2M at the last price.
| Holder | Shares |
|---|---|
| Heneghan ThomasChairman of the Board, Director | 400,616300,030 held indirectly |
| Nader Marguerite MVice Chairman and CEO, Director | 284,614 |
| Calian PhilipDirector | 221,974 |
| Waite PatrickPresident & COO | 193,22076,673 held indirectly |
| Eldersveld David PEVP, CLO and Secretary | 117,808 |
| Seavey PaulEVP & Chief Financial Officer | 99,283 |
| Freedman ConstanceDirector | 16,993 |
| Perlis DanielEVP Sales, Mktg, Business Dev | 14,188 |
| Contis David JDirector | 12,8739,731 held indirectly |
| Burks DerrickDirector | 12,536 |
Questions about ELS
What does Equity Lifestyle Properties Inc do?
Equity Lifestyle Properties Inc is a company in the Real estate sector, listed on NYSE as ELS. Its shares trade on NYSE under the ticker ELS.
What is Equity Lifestyle Properties Inc's net worth?
Equity Lifestyle Properties Inc has a market value (market cap) of $12.2B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Equity Lifestyle Properties Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $404.1M on revenue of $1.6B, a net margin of 25.6%.
How much revenue does Equity Lifestyle Properties Inc make?
Over the twelve months to September 30, 2026 Equity Lifestyle Properties Inc reported revenue of $1.6B. That is 3.2% more than a year earlier.
When did Equity Lifestyle Properties Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 27, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 4, 2026.
When is Equity Lifestyle Properties Inc's next earnings report?
Equity Lifestyle Properties Inc's next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Equity Lifestyle Properties Inc pay a dividend?
Yes. Equity Lifestyle Properties Inc declared dividends of $2.06 per share in fiscal 2025, a yield of 3.28% at the current price.
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Where the numbers come from
Financial figures are the values Equity Lifestyle Properties Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.