Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

EQUITY LIFESTYLE PROPERTIES INC
Next earnings Jul 20, 2026 (after close) · consensus $0.44 EPS, $391M rev
Last earnings -3.4% on 2026-04-22
Best-in-class manufactured-home and RV REIT with durable high-margin cash flows and a rising dividend, but growth has stalled and the multiple is full.
Sources: SEC EDGAR (CIK 0000895417, latest 10-Q filed 2026-04-28) · EODHD · analysis by claude-code · as of 6/21/2026, 8:45:26 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~55% above fair value) leave little margin of safety — a wait-and-see.
Equity LifeStyle Properties owns manufactured-home and RV communities — a structurally advantaged niche REIT where ELS owns the land and residents own their homes, producing sticky, high-retention, inflation-protected rents. The quality shows in the numbers: a 26.3% net margin, 25.6% operating margin and a 22.9% return on equity, with net income compounding steadily from $276M (FY2021) to $402M (FY2025, +4.5%). Management raised the dividend 10.7% to $388M, underscoring confidence in the cash flows, and the REIT-favorable 20% qualified-dividend deduction was made permanent under the OBBBA noted in the 10-K.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
Unlock with Pro€15/mo · cancel anytime
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.32B | $1.45B | $1.49B | $1.53B | $1.53B |
| Gross profit | — | — | — | — | — |
| Operating income | $272M | $295M | $320M | $381M | $391M |
| Net income | $276M | $299M | $330M | $385M | $402M |
| Diluted EPS | $1.43 | $1.53 | $1.69 | $1.96 | $2.01 |
| Net margin | 21.0% | 20.7% | 22.1% | 25.2% | 26.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-05-01 | CONTIS DAVID J Director | Gift | 111.00 | |
| 2026-05-01 | CONTIS DAVID J Director | Gift | 802.00 | |
| 2026-05-01 | CONTIS DAVID J Director | Gift | 111.00 | |
| 2026-05-01 | CONTIS DAVID J Director | Gift | 802.00 | |
| 2026-05-01 | Freedman Constance Director | Award | 60.00 @ $53.77 | $3.23K |
| 2026-04-29 | CONTIS DAVID J Director | Gift | 758.00 | |
| 2026-04-29 | CONTIS DAVID J Director | Gift | 104.00 | |
| 2026-04-29 | CONTIS DAVID J Director | Gift | 196.00 | |
| 2026-04-29 | CONTIS DAVID J Director | Gift | 758.00 | |
| 2026-04-29 | CONTIS DAVID J Director | Gift | 104.00 | |
| 2026-04-29 | CONTIS DAVID J Director | Gift | 196.00 | |
| 2026-04-28 | Peppet Scott R Director | Award | 2.32K @ $62.60 | $145K |