What is Equity Lifestyle Properties Inc worth?
With the base-case assumptions below, a discounted cash flow model on Equity Lifestyle Properties Inc's reported free cash flow gives $33.53 per share. The share price was $59.23 on September 25, 2026, 77% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 1.5% | 10.0% | $21.03 | -64% |
| Base | 6.5% | 9.0% | $33.53 | -43% |
| Bull | 11.5% | 8.0% | $58.45 | -1% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $42.76 | $45.58 | $49.03 | $53.33 | $58.87 |
| 8.0% | $35.87 | $37.70 | $39.86 | $42.46 | $45.62 |
| 9.0% | $30.84 | $32.09 | $33.53 | $35.21 | $37.20 |
| 10.0% | $27.00 | $27.89 | $28.90 | $30.05 | $31.38 |
| 11.0% | $23.99 | $24.64 | $25.37 | $26.19 | $27.12 |
Where the presets come from
Base: years 1 to 5 grow at Equity Lifestyle Properties Inc's revenue growth rate over the last 5 fiscal years (6.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions