ELS - NYSE

Equity LifeStyle Properties, Inc.

ELS·NYSE

$61.82

+0.60%

Real EstateREIT - Residential

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$11.99B

EPS1.9300

P/E Ratio32.03

Earnings Date07/20/2026

571.15M

Operating Cash Flow

-4%

3Y+20.0%

5Y+37.0%

10Y+62.0%

-277.08M

Investing Cash Flow

27%

3Y-31.0%

5Y-31.0%

10Y+27.0%

-292.51M

Financing Cash Flow

-24%

3Y+67.0%

5Y+1296.0%

10Y+85.0%

Equity LifeStyle Properties, Inc. Cash Conversion Engine

ELS · NYSE

FCF Components

Net Income402.06M

Depreciation & Amortization213.74M

Stock-Based Compensation7.25M

Change in Working Capital-36.00M

Others-14.69M

Capital Expenditures-237.09M

Free Cash Flow334.06M

Cash Flow Quality Analysis

FCF Conversion Rate

83.1%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

41.5%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-6.0%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$36.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

Equity LifeStyle Properties, Inc. Cash Flow Statement

ELS • NYSE

Equity LifeStyle Properties, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	402.1M	384.8M	329.7M	298.8M	276M	241.4M	295.9M	226.4M	210.4M	187.1M	150.5M	138.5M	125.9M	74.5M	42.5M	60.4M	56.3M	38.7M	32.1M	16.6M
Depreciation & Amortization	213.7M	209.4M	209.1M	207.1M	191.4M	157.8M	154M	138.7M	125M	121.9M	117.1M	115.9M	112.4M	150.7M	113.7M	72.1M	76.8M	71.7M	72.6M	65.4M
Change in Deferred Taxes	-1.2M	-354K	-10.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Stock-Based Compensation	7.3M	9.4M	17.8M	8.8M	12.7M	13.1M	7.6M	11.2M	10.7M	6.3M	973K	1.9M	1.9M	782K	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Cash Items	-14.7M	-30M	34.2M	-38.4M	-4.9M	862K	-60.2M	-11.2M	-4.9M	-17.3M	12.3M	-3.3M	-5.3M	-1.6M	8.7M	13M	-2.5M	4.1M	12.3M	19M
Change in Working Capital	-36M	23.5M	-32.3M	-404K	33.8M	4.3M	46.1M	49M	36.8M	54.4M	63.4M	25.3M	20.4M	12.2M	8.9M	17.1M	20.1M	-430K	5.8M	-1.6M
Cash from Operating Activities	571.1M	596.7M	548M	475.8M	509M	417.4M	443.5M	414.1M	378M	352.4M	352.9M	285.7M	255.3M	236.4M	175.6M	163.3M	150.5M	114.1M	122.8M	99.5M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-237.1M	-241.3M	-317.1M	-249.3M	-204.3M	-168M	-258M	-181.6M	-126.1M	-119.4M	-93.8M	-63.7M	-64.7M	-75.3M	-713.1M	-48.6M	-30.1M	-25.6M	-24.8M	-67.2M
Acquisitions, Net	-9.7M	-10.3M	-9.3M	-26.4M	-91.5M	(0.0)	-983K	-4.5M	-33.3M	-5.1M	-4M	-3.5M	-2.6M	(0.0)	(0.0)	(0.0)	-8.2M	-7.2M	-29.4M	(0.0)
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-52.3M	(0.0)	-2.5M	-3.7M	-9.2M
Sale/Maturity of Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	52.3M	1.2M	949K	0.0	0.0	1.6M
Other Investing Items	-30.3M	33.8M	1.6M	-126.4M	-532.7M	-233.3M	-93.1M	-211.9M	-146M	-94M	-22.9M	-60.7M	29.5M	-11.3M	-41M	786K	2.5M	2.1M	32.2M	7.7M
Cash from Investing Activities	-277.1M	-217.8M	-324.8M	-402.1M	-828.4M	-401.3M	-352.1M	-398.1M	-305.4M	-218.6M	-120.7M	-127.9M	-37.9M	-86.6M	-701.8M	-98.9M	-34.9M	-33.2M	-25.6M	-67.1M
FINANCING ACTIVITIES
Net Issuance of Common Stock	1.5M	319.2M	2M	31.1M	142.5M	0.0	59.3M	78.8M	120.7M	49.8M	-62K	0.0	-1.1M	-1.3M	342.4M	-2.1M	145M	-600K	3.7M	3.8M
Net Issuance of Debt	116.2M	-318.5M	132.2M	113.2M	568.3M	256M	39M	146.4M	109.8M	-54.7M	-61M	-9M	-75M	-8.1M	324.3M	-135M	-116M	-3.4M	-44.4M	-8.2M
Cash Paid for Dividends	-405M	-367.7M	-342.6M	-311M	-275.7M	-256.9M	-229.2M	-202.6M	-182.3M	-161.2M	-141.8M	-120.7M	-77.5M	-110.8M	-72.4M	-58.6M	-48.1M	-38.9M	-32M	-23.6M
Share Repurchases	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-229K	-62K	(0.0)	-1.1M	-65.1M	-1.7M	-2.1M	-1.4M	-600K	-883K	(0.0)
Other Financing Items	-5.2M	-17.2M	-7.2M	-8.2M	-16.3M	-20M	-618K	-5.2M	-10.7M	7.6M	-22.8M	-12.8M	-42.6M	779K	-10.3M	-1.2M	3.3M	1.6M	-20.4M	-3.4M
Cash from Financing Activities	-292.5M	-384.2M	-215.7M	-174.8M	418.7M	-21M	-131.5M	17.3M	-98.8M	-158.4M	-225.6M	-142.6M	-196.2M	-183.2M	584M	-196.8M	-15.8M	-41.3M	-93M	-31.4M
CASH FLOW SUMMARY
Net Change in Cash	1.6M	-5.4M	7.6M	-101.1M	99.3M	-4.8M	-40.1M	30.3M	-25.3M	-23.9M	6.5M	15.3M	21.3M	-33.3M	57.8M	-132.5M	99.8M	39.5M	4.2M	995K
Cash at Beginning of Period	24.6M	29.9M	22.3M	123.4M	24.1M	28.9M	69M	35.6M	56.3M	80.3M	73.7M	58.4M	37.1M	70.5M	12.7M	145.1M	45.3M	5.8M	1.6M	610K
Cash at End of Period	26.1M	24.6M	29.9M	22.3M	123.4M	24.1M	28.9M	66M	31.1M	56.3M	80.3M	73.7M	58.4M	37.1M	70.5M	12.7M	145.1M	45.3M	5.8M	1.6M
Free Cash Flow	334.1M	355.4M	230.9M	226.5M	304.8M	249.5M	185.5M	232.5M	251.9M	232.9M	259.1M	222M	190.6M	161.2M	113.6M	114.7M	120.4M	88.5M	94.4M	32.2M

SEC Filings

ELS - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 27, 2026	May 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 04, 2026	May 04, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 28, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 28, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 22, 2026	April 21, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 17, 2026	April 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 26, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 18, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 09, 2026	February 03, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 29, 2026	January 28, 2026	2026	View Filing

Showing 1 to 10 of 588 filings

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