Equity Lifestyle Properties (NYSE:ELS) Releases Quarterly Earnings Results, Misses Expectations By $0.34 EPS

Equity Lifestyle Properties (NYSE:ELS) posted its earnings results on Tuesday. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.34), Zacks reports. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.70%. The firm had revenue of $409.90 million during the quarter, compared to the consensus estimate of $402.75 million. During the same quarter last year, the firm posted $0.75 EPS. The business’s revenue was up 4.2% on a year-over-year basis.

Equity Lifestyle Properties Trading Down 4.5%

Equity Lifestyle Properties stock opened at $59.18 on Thursday. The business’s fifty day moving average is $61.43 and its 200 day moving average is $63.00. The stock has a market capitalization of $11.48 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 3.54 and a beta of 0.63. Equity Lifestyle Properties has a one year low of $57.46 and a one year high of $69.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, September 25th. Equity Lifestyle Properties’s dividend payout ratio is presently 104.33%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ELS shares. Mizuho restated a “neutral” rating and issued a $65.00 price objective (down from $72.00) on shares of Equity Lifestyle Properties in a research note on Monday, September 21st. Royal Bank Of Canada decreased their price objective on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a report on Thursday, July 9th. Morgan Stanley restated a “mixed” rating and issued a $59.00 target price (down from $62.50) on shares of Equity Lifestyle Properties in a research report on Wednesday, August 12th. Finally, Evercore set a $68.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $67.09.

Key Equity Lifestyle Properties News

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

• Positive Sentiment: Third-quarter revenue increased 4.2% year over year to $409.9 million, exceeding analysts’ $402.75 million estimate. Normalized funds from operations (FFO) came in at $0.79 per share, matching consensus and improving from $0.75 a year earlier. Equity Lifestyle Properties Meets Q3 FFO Estimates
• Positive Sentiment: Robert W. Baird maintained an “outperform” rating and lowered its price target modestly to $71 from $74, implying substantial upside from the current trading level. Baird Equity Lifestyle Properties Price Target Update
• Neutral Sentiment: Management highlighted gains in occupied sites and continued operating strength, while introducing preliminary assumptions for 2027 rent growth. The earnings call focused on the company’s operating trends and outlook. Equity LifeStyle Properties Q3 2026 Earnings Call Transcript
• Negative Sentiment: Reported GAAP EPS was $0.45, well below the $0.79 consensus estimate and down from $0.75 in the prior-year quarter. Although revenue beat expectations, the earnings shortfall is likely the main reason investors are selling the shares. Equity Lifestyle Properties Third-Quarter Earnings
• Negative Sentiment: Full-year 2026 EPS guidance of $3.15–$3.21 has a midpoint of $3.18, slightly below the $3.20 analyst consensus. Fourth-quarter guidance of $0.78–$0.84 is also centered below the $0.82 consensus, signaling a cautious near-term outlook.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.