Equity Lifestyle Properties Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Equity Lifestyle Properties Inc (ELS) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Equity Lifestyle Properties Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,579M vs 8,720M combined for its competitors (15.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+3.8% annualized vs trailing 12 months), vs accelerating (+3.4%) for its tracked peer group.
- Growth: Equity Lifestyle Properties Inc generated 4.2% revenue growth year over year in Q3 2026, vs 3.9% for its competitors combined.
- Profitability: Its 21.8% net margin compares with 23.8% for the peer group.
- Scale: Equity Lifestyle Properties Inc ranks #25 of 187 companies by market capitalization in the Real Estate Investment Trusts industry, holding 0.8% of industry market cap.
- Peer revenue share: Equity Lifestyle Properties Inc accounted for 15.4% of combined revenue among its tracked peer group, up from 15.4% a year earlier.
- Peer differentiation: Revenue per employee of $0.38M compares with $0.39M for the peer group (1.0x).
- Structure: Equity Lifestyle Properties Inc operates in the following segments: Property Operations, Home Sales and Rentals.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ELS Sales vs. its Competitors, Q3 2026
Equity Lifestyle Properties Inc reported revenue growth of 4.22 % year on year in Q3 2026, above its competitors' combined revenue growth of 3.87 %.
With a net margin of 21.77 %, Equity Lifestyle Properties Inc reported lower profitability than its competitors (23.77 %).
Equity Lifestyle Properties Inc generated 15.39 % of the combined sales of its peer group, up from 15.35 % a year earlier.
API endpoints for this dataset
Equity Lifestyle Properties Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Equity Lifestyle Properties Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Equity Lifestyle Properties Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Equity Lifestyle Properties Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Equity Lifestyle Properties Inc's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -1.0% year over year, combined, vs 4.2% for Equity Lifestyle Properties Inc. Equity Lifestyle Properties Inc's share of combined industry revenue moved from 0.52% to 0.55%, a gain of 0.03 percentage points.
Equity Lifestyle Properties Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Equity Lifestyle Properties Inc | Yes | Yes | Yes | No |
| Competitors combined (7) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 62.50 % (5 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ELS Stock Performance relative to its Competitors
ELS Stock Performance relative to Similar-Size Competitors
ELS Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Extra Space Storage Inc | 282.9% | Outperformed |
| 2 | The Intergroup Corporation | 282.9% | Outperformed |
| 3 | Iron Mountain Inc | 282.9% | Outperformed |
| 4 | American Homes 4 Rent | 282.9% | Outperformed |
| 5 | Umh Properties Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Equity Lifestyle Properties Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Equity Lifestyle Properties Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Equity Lifestyle Properties Inc |
12,605.74 | 1,579.21 |
 Extra Space Storage Inc |
35,025.94 | 3,477.44 |
 Iron Mountain Inc |
31,955.36 | 7,321.41 |
 Invitation Homes Inc |
15,949.28 | 2,898.19 |
 Sun Communities Inc |
14,820.96 | 2,065.90 |
 American Homes 4 Rent |
11,841.73 | 1,862.98 |
| SUBTOTAL | 123,570.57 | 19,557.66 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Equity Lifestyle Properties Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Equity Lifestyle Properties Inc's Competitors Named by the Company
Competitive relationships identified from Equity Lifestyle Properties Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Manufactured Housing Properties Inc | Company report | 85% |
| Umh Properties Inc | Company report | 85% |
| Sun Communities Inc | Company report | 85% |
| American Homes 4 Rent | Company report | 85% |
| The Intergroup Corporation | Company report | 85% |
| Invitation Homes Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Equity Lifestyle Properties Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Equity Lifestyle Properties Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Equity Lifestyle Properties Inc | Property Operations 95.63 % |
| Extra Space Storage Inc | Self Storage Operations 85.51 % |
| Iron Mountain Inc | Global Records and Information Management Business 72.52 % |
| Sun Communities Inc | MH 54.08 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Equity Lifestyle Properties Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Equity Lifestyle Properties Inc | 12,606 | 376,002 | 96,207 |
| Extra Space Storage Inc | 35,026 | 414,326 | 128,312 |
| Iron Mountain Inc | 31,955 | 248,183 | 16,173 |
| Invitation Homes Inc | 15,949 | 1,680,110 | 396,668 |
| Sun Communities Inc | 14,821 | 571,638 | -211,760 |
| American Homes 4 Rent | 11,842 | 1,165,821 | 339,686 |
| PEERS TOTAL | 110,965 | 394,403 | 44,807 |
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Equity Lifestyle Properties Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 181 companies in Equity Lifestyle Properties Inc's industry classification, broader than the peer set above. Market cap in millions of $.Equity Lifestyle Properties Inc ranks #25 of 181 companies by market capitalization in its industry, holding 0.84 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 413, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 180,807 | 12.02 % |
| 2 | Prologis Inc | 121,613 | 8.09 % |
| 3 | Equinix Inc | 100,396 | 6.67 % |
| 4 | American Tower Corporation | 88,026 | 5.85 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Public Storage | 1,234 | 5.2% |
| 8 | Realty Income Corporation | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Crown Castle Inc | 1,234 | 5.2% |
| 25 | Equity Lifestyle Properties Inc | 12,603 | 0.84 % |
Market cap and industry share for the rest of Equity Lifestyle Properties Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Equity Lifestyle Properties Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 20 | Weyerhaeuser Company | 15,145 | -6.65 % |
| 21 | W P Carey Inc | 14,780 | -3.04 % |
| 22 | Healthpeak Properties Inc | 13,977 | 11.19 % |
| 23 | Mid america Apartment Communities Inc | 13,884 | -7.43 % |
| 24 | Annaly Capital Management Inc | 1,234 | 12.3% |
| 25 | Equity Lifestyle Properties Inc | 12,603 | 2.06 % |
| 26 | American Homes 4 Rent | 1,234 | 12.3% |
| 27 | Udr Inc | 1,234 | 12.3% |
| 28 | American Healthcare Reit Inc | 1,234 | 12.3% |
| 29 | Gaming And Leisure Properties inc | 1,234 | 12.3% |
| 30 | Income Opportunity Realty Investors Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Equity Lifestyle Properties Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Equity Lifestyle Properties Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Real Estate Investment Trusts industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (283 companies). See the full Real Estate Investment Trusts industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 51.40 % | 41.84 % (avg) | +9.6 pp |
| Operating Margin | 26.05 % | industry median | -11.9 pp |
| EBITDA Margin | 29.86 % | 38.59 % (avg) | -8.7 pp |
| Capital Intensity (Capex / Revenue) | 14.10 % | 28.41 % (avg) | -14.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Equity Lifestyle Properties Inc's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (283 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Real Estate Investment Trusts industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 31.3x | 30.1x | +1.2x |
| EV / EBITDA | 35.2x | 17.5x | +17.7x |
| P/B | 7.0x | 1.9x | +5.2x |
| Return on Equity | 22.27 % | industry aggregate | 16.28 % |
| Return on Invested Capital | 4.03 % | 2.10 % (avg) | 1.93 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Equity Lifestyle Properties Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 6.63 % | 5.13 % | 5.22 % | 16.73 % | 14.98 % | 2.93 % | 2.47 % | 0.34 % |
| Operating Margin | 38.53 % | 53.48 % | 51.22 % | 52.11 % | 49.00 % | 21.49 % | 24.94 % | 25.56 % |
| Return on Invested Capital | 7.84 % | 10.48 % | 10.17 % | 11.04 % | 10.42 % | 3.40 % | 3.97 % | 3.82 % |
| P/E | 21.0x | 31.1x | 49.4x | 56.6x | 43.3x | 40.5x | 35.4x | 30.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Equity Lifestyle Properties Inc's Strategic Group Map
Equity Lifestyle Properties Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Equity Lifestyle Properties Inc's trailing-12-month revenue growth of 3.2% and operating margin of 26.1% compares with an average of 4.1% growth and 25.1% margin across its 8 closest peers by combined growth, margin and ROIC -- Equity Lifestyle Properties Inc sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Equity Lifestyle Properties Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Equity Lifestyle Properties Inc falls in the Dog quadrant: relative market share of 0.07x vs its largest competitor, in an industry growing revenue 2.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Equity Lifestyle Properties Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 413 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 14.10 % vs industry average 28.41 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Equity Lifestyle Properties Inc's dedicated Suppliers and Customers pages, not here.
Equity Lifestyle Properties Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Equity Lifestyle Properties Inc falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Equity Lifestyle Properties Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 16.3 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+3.8% annualized vs trailing 12 months).
Weaknesses
- Operating margin 11.9 points below the industry median.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.07x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Equity Lifestyle Properties Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Equity Lifestyle Properties Inc | - | 0.41 | 2.13 |
| Extra Space Storage Inc | 0.66 | 0.99 | 0.95 |
| Iron Mountain Inc | 0.05 | 0.68 | - |
| Invitation Homes Inc | 0.34 | 0.59 | 0.76 |
| Sun Communities Inc | - | 2.90 | 0.71 |
| American Homes 4 Rent | 0.14 | 0.23 | 0.63 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Equity Lifestyle Properties Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Equity Lifestyle Properties Inc | Q3 2026 | +4.2 % | -11.1 % |
| Extra Space Storage Inc | Q3 2026 | +3.6 % | +42.4 % |
| Iron Mountain Inc | Q2 2026 | +0.7 % | +49.4 % |
| Invitation Homes Inc | Q3 2026 | +6.3 % | +15.5 % |
| Sun Communities Inc | Q3 2026 | +0.4 % | +1,057.8 % |
| American Homes 4 Rent | Q2 2026 | - | +7.5 % |
| PEERS TOTAL | -7.2 % | +38.9 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Equity Lifestyle Properties Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Equity Lifestyle Properties Inc | Q3 2026 | +1.2 % | -28.8 % |
| Extra Space Storage Inc | Q3 2026 | +1.4 % | -82.5 % |
| Iron Mountain Inc | Q2 2026 | +17.0 % | +15.7 % |
| Invitation Homes Inc | Q3 2026 | +29.7 % | -13.8 % |
| Sun Communities Inc | Q3 2026 | +3.6 % | - |
| American Homes 4 Rent | Q2 2026 | - | 0.0 % |
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Equity Lifestyle Properties Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Equity Lifestyle Properties Inc | 7.01% | 4.81% | 22.27% |
| Extra Space Storage Inc | 3.68% | 3.61% | 7.63% |
| Iron Mountain Inc | 2.20% | 2.42% | - |
| Invitation Homes Inc | 3.68% | 3.61% | 7.47% |
| Sun Communities Inc | - | - | - |
| American Homes 4 Rent | 4.11% | 4.02% | 7.09% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Equity Lifestyle Properties Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Equity Lifestyle Properties Inc | 31.01 | 7.98 |
| Extra Space Storage Inc | 32.62 | 10.07 |
| Iron Mountain Inc | 69.62 | 4.36 |
| Invitation Homes Inc | 23.87 | 5.50 |
| Sun Communities Inc | - | 7.17 |
| American Homes 4 Rent | 26.03 | 6.36 |
| PEERS AVERAGE | 50.51 | 6.32 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.