Equity Lifestyle Properties Inc

ELS: XNYS (USA)

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Equity Lifestyle's Same-Store NOI Growth Expected to Remain Above Residential REIT Average

Kevin Brown

Jun 22, 2026

Business Strategy and Outlook

Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company has a portfolio of 453 properties across the US with a higher concentration in the Sun Belt; 38% of its properties are in Florida, 11% in Arizona, and 10% in California. Equity Lifestyle targets owning properties in attractive retirement destinations. More than 70% of its properties are either age-restricted or have an average resident age over 55.

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How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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Equity Lifestyle Properties Inc

Equity Lifestyle's Same-Store NOI Growth Expected to Remain Above Residential REIT Average

Business Strategy and Outlook

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