NYSE: ELS · Residential REITs
Equity LifeStyle Properties (ELS) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values Equity LifeStyle Properties (ELS) at $43.90 a share. The stock last closed at $60.30, which puts the model's fair value 27.2% below the price. On the model's bands that reads as Overvalued.
Revalued . Price is the close of 3 Nov 2026. Equity LifeStyle Properties, Inc.
The report adds the live price, the chart against the range the options market prices and the next earnings date. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $44.47 to $43.90 (-1.3%). The model does not yet explain moves on this valuation method.
What the model makes of itThe price of $60.30 is 27.2% above it: Overvalued, on a high evidence grade.
What's nextNext report on 27 Jan 2027. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give ELS?
The calibrated range for ELS over 63 trading days is $35.56 to $52.44. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 10,454 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is above this range. For names with fair value 15%+ below price, the calibrated range has held the price 35% of the time over 63 trading days, and 64% ended above it; the typical move was −4.7%.
The model's own range is $40.11 to $48.70.
Faircurve Insights · 31 Oct 2026
Equity LifeStyle Properties, Inc. (ELS) is a self-managed Real Estate Investment Trust based in Chicago. As of January 25, 2021, its portfolio included 423 quality properties.
On 31 Oct 2026, Faircurve's model put the fair value at $43.90 a share. The previous run, on 24 Oct 2026, gave $44.47, so the fair value moved -1.3%. The model does not yet explain moves on this valuation method. The fair value blends a cash-flow multiple against comparable companies, a dividend model and the value of the properties. The calibrated range over 63 trading days is $35.56 to $52.44. It is built from the fair value, since there is no live options data for the stock, and is calibrated weekly against realised prices from 10,454 past valuations. Ranges built this way held the price 60% of the time at this horizon. The evidence grade is High. For REITs, the grade looks at the dividend record, with at least three years of paid dividends and no cut. It does not say whether the fair value is right.
The model compares the stock with seven companies, and this note has no quality scores to report. The comparable companies are UDR, Inc. (UDR), American Homes 4 Rent (AMH), Camden Property Trust (CPT), Mid-America Apartment Communities, Inc. (MAA), Invitation Homes Inc. (INVH), Essex Property Trust, Inc. (ESS) and Vivmark Residential (VMRK), each with a fair value of its own on the site. Millrose Properties, Inc. (MRP) is also listed but has no verdict on this date. The sheet gives no overall quality score or factor figures, so no peer median comparison is made here. Faircurve first valued the stock on 11 Jul 2026.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does ELS report earnings, and how has the stock reacted?
Equity LifeStyle Properties's next earnings report is scheduled for 27 Jan 2027. Companies can move their dates.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across ELS's last 8 reports, ignoring direction, was 1.5%.
How does ELS compare with similar companies?
The companies in residential reits closest to Equity LifeStyle Properties in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| UDR UDR, Inc. | $35.93 | $36.93 | +2.8% | Fairly valued |
| AMH American Homes 4 Rent | $31.52 | $33.35 | +5.8% | Fairly valued |
| CPT Camden Property Trust | $100.68 | $84.42 | -16.2% | Overvalued |
| MAA Mid-America Apartment Communities, Inc. | $117.34 | $122.85 | +4.7% | Fairly valued |
| INVH Invitation Homes Inc. | $26.60 | $29.37 | +10.4% | Undervalued |
| ESS Essex Property Trust, Inc. | $264.90 | $192.35 | -27.4% | Overvalued |
| VMRK Vivmark Residential | $62.04 | $53.87 | -13.2% | Overvalued |
| MRP Millrose Properties, Inc. | $25.90 | $31.23 | +20.6% | Low evidence grade |
Equity LifeStyle Properties at a glance
Based in Chicago, Equity LifeStyle Properties, Inc. operates as a self-managed Real Estate Investment Trust (REIT). As of January 25, 2021, its extensive portfolio includes 423 quality properties located across 33 U.S.
- Market value
- $11.5B
- Sector
- Real Estate
- Industry
- Residential REITs
- Beta to the US market
- -0.34
- First valued by Faircurve
- 11 Jul 2026
At the close of 3 Nov 2026, 52.1% of the 1,081 graded US stocks the model covers traded below the model's fair value. ELS was not among them.
How the fair value is worked out: the model values Equity LifeStyle Properties three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for ELS was $44.47. As of 31 Oct 2026 it is $43.90, a change of -1.3%. The model does not yet explain moves on this valuation method. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Equity LifeStyle Properties's valuation
Is Equity LifeStyle Properties stock undervalued or overvalued?
On Faircurve's model, ELS reads as Overvalued as of 31 Oct 2026. The model's fair value is $43.90 a share against a last close of $60.30, a gap of -27.2%.
What is ELS's fair value?
$43.90 a share as of 31 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $40.11 to $48.70.
What price range does the model give ELS?
$35.56 to $52.44 over 63 trading days. Ranges built this way held the price 60% of the time across 10,454 past valuations, refreshed 31 Oct 2026.
When does Equity LifeStyle Properties report earnings next?
The next report is scheduled for 27 Jan 2027. Companies can move their dates.
How much has ELS moved on past earnings reports?
Across its last 8 reports the median two session move was 1.5%, ignoring direction. The largest was -4.8% around the report of 21 Apr 2026.
How confident is the model in this valuation?
The model's evidence grade for ELS is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on ELS
The model holds no idea open on ELS today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on ELS with their outcomes. A free account is enough.