Equity Lifestyle Properties Inc Dossier
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SectorReal Estate IndustryREIT - Residential Beta (adjusted)0.76 Intrinsic Value $65.22median of 1 methodbased on filings through 31 Mar 2026 Market Price $57.62Price as of 1 Oct 2026 Near fair valueIntrinsic value is 13% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $11.6B Enterprise Value $14.9B Shares Outstanding 200.2M diluted Next Earnings Date21 Oct 2026 Last ex-dividend25 Sep 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Equity LifeStyle Properties entered the second half of 2026 with solid execution: second-quarter Core income from property operations grew 6.5%, Normalized FFO per share increased 7.7%, and management raised the midpoint of full-year Core property-income growth guidance to 6.0%. Manufactured-home rent growth and annual RV and marina revenue remain supportive, while weaker seasonal and transient RV demand and modestly lower manufactured-home occupancy temper the outlook. The declared $2.17 annualized dividend adds income support. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$59.00 Mean target$70.63 High · most bullish analyst$78.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $59.0024% A bear outcome assumes seasonal and transient RV weakness persists, manufactured-home occupancy falls further, and Core property-income growth drops below the 5.5% guidance floor. Weather-related disruption, higher operating costs, or weaker customer demand would increase downside risk and could push results below the current Normalized FFO guidance range. Base CaseCentral scenario $70.6356% Matches the consensus meanThe base case assumes full-year results remain within management's guidance: Core property-income growth of 5.5%-6.5%, Core manufactured-home base-rent growth of 5.2%-6.2%, and Normalized FFO per share of $3.13-$3.23. Bull CaseUpside scenario $78.0020% A bull outcome assumes Core property-income growth finishes at or above the 6.5% upper end of guidance, manufactured-home rental growth remains near the upper end of its 5.2%-6.2% range, annual RV and marina growth remains resilient, and seasonal and transient RV trends improve. Continued expense control and execution above the current $3.13-$3.23 Normalized FFO-per-share range could support a premium outcome. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |