NAS10029,644+0.67%S&P7,651+0.17%GOLD$4,418+0.42%BTC$81,092+6.14%VIX14.81−4.08%live tape · as of 21:00 UTC
The Screen · Real Estate · REIT - Residential
Equity Lifestyle Properties Inc
ELS · the NYSE · USD · Market cap $12.3B · 3,700 employees
Equity LifeStyle Properties, Inc.
FAIL · Does not pass the screen
61.10 USD
At the last full screen 2026-09-17
Screened 2026-09-17 · the tape above runs as of 21:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Equity Lifestyle Properties Inc holds its Markdown at $61.10. The statistical read favours the sellers, held for 2 days.
As held on the ledger · 2026-09-17
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 2 days
Price at the screen
$61.10
Valuation
29.52 trailing · 27.99 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.65
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
57.81%
Below 33%
Interest-bearing debt is 57.8% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
2.08%
Below 49%
Money owed to the company is 2.1% of assets, under the 49% limit.
Pass
Revenue purity
0.66%
Below 5%
Only 0.7% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-17 screen. The gold marker is the market price at the same screen. The price runs 19.6% above the base estimate.
Third-party analyst targets: 19 covering, consensus Buy. The average target sits +16% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-17 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Manufactured home rents meet a steep asking price
Families park their homes on leased plots across dozens of states and the cash keeps coming in month after month. Equity Lifestyle Properties owns the ground beneath them, yet the shares sit 24 percent above our fair value with revenue barely growing and a forward multiple of 30 times earnings.
We pass. A narrow moat, 1 percent top-line growth and 25 percent margins do not justify paying up when the market already prices in perfection and hands the stock a buy rating with a $70 median target.
Interest-rate swings and rising site costs remain the real threats, and a narrow moat offers little protection if occupancy slips. Analysis, not advice.
The risks · The things to watch: it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ELS trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 1.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 6%. Our forward projection puts the odds of a 10% gain over the next month near 7%. The street (18 analysts) rates it buy, with a mean price target of $70.
2026-07-27Markdown$65.75+1.4%Entry 4
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 1.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 6%. Our forward projection puts the odds of a 10% gain over the next month near 7%. The street (18 analysts) rates it buy, with a mean price target of $70.
2026-07-18Markdown$64.83+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 6%. Our forward projection puts the odds of a 10% gain over the next month near 7%. The street (18 analysts) rates it buy, with a mean price target of $70.
2026-07-03Markdown$64.83+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Markdown$64.83Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
