Equity LifeStyle Properties (ELS)
Owns land-lease communities, RV resorts and marinas across the United States and British Columbia.
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Collects site rent from manufactured-home communities, RV resorts, campgrounds and marinas, alongside membership fees and home sales and rentals. Property Operations anchors the business, with most revenue coming from annual sources across the United States and British Columbia.
Owns and operates land-lease properties where manufactured-home residents, RV travelers and boat owners rent sites or slips. Property Operations spans MH communities, RV resorts and campgrounds under Thousand Trails and Encore, and a smaller marina network; Home Sales and Rentals Operations buys, sells and leases homes within the communities.
Generates site rent across annual, seasonal and transient stays, plus campground membership fees and home activity. Most revenue comes from annual sources, and the portfolio is concentrated in the United States with a smaller presence in British Columbia. Onsite teams, regional management and community upgrades support local operations across hundreds of properties.
Results depend on housing, zoning, rent-control and land-use rules, as well as capital access for expansion and refinancing. Coastal and leisure-market exposure also ties occupancy and repair timing to storms, insurance and travel demand.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Target | Target: $73 | Target: $68 |
| Sep 21, 2026 | Mizuho Securities | Target | Target: — | Target: $65 |
| Sep 21, 2026 | UBS | Target | Target: $67 | Target: $65 |
| Sep 21, 2026 | Mizuho | Downgrade | ||
| Sep 11, 2026 | Truist Financial | Target | Target: $67 | Target: $64 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $35.6M · Total debt $3.31B · Total assets $5.80B · Shareholders' equity $1.76B
- Revenue
- $397.8M
- Operating income
- $137.7M
- Net income
- $96.3M
HistoryDividendAnnual yieldUpcoming
| Institutions | 109.62% | 212.73M shares | |
|---|---|---|---|
| 490 holders · as of Jun 30, 2026 | |||
| Insiders | 0.71% | 1.38M shares | |
| 13 holders · as of Aug 5, 2026 | |||
| Adds to | 110.33% | ||
194.06M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 110.33%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.60% | 24.46M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 9.38% | 18.21M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.47% | 16.43M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 7.67% | 14.89M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.98% | 11.61M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 18, 2026 | David J. Contis | director | −3,000 | $67.22 |
- Sun Communities
Closest public peer across manufactured housing and RV communities
- UMH
Manufactured-housing REIT competing for residents and communities
- MarineMax
Marina operator overlapping in boat slips, storage and services
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Equity LifeStyle Properties | $59.85 | −0.68% | $11.69B | 30.7 | 28.1 | 7.4 | +5.6% |
| Sun Communities | $112.70 | −0.94% | $14.02B | — | 37.0 | 6.4 | −22.3% |
| UMH | $15.53 | −1.71% | $1.35B | 87.8 | 111.6 | 5.0 | +7.5% |
| MarineMax | $52.45 | +0.07% | $1.15B | 307.9 | 37.4 | 0.5 | −7.0% |
| Median | 197.9 | 37.4 | 5.0 | −7.0% |