ELS vs SUI vs IRT Stock Comparison

Equity Lifestyle Properties, Sun Communities and Independence Realty Trust Prices as of Oct 26, 2026 Peers: Industry group
SUI Sun Communities Inc
$119.89 +6.8% 1M -3.4% 1Y
Market cap
$14.54B
P/E
–
Revenue (TTM)
—
Div. yield
–
Residential REITs Real Estate
1 win

Head to Head

8 decided of 12

Equity Lifestyle Properties leads on 5 of the 12 questions below (Equity Lifestyle Properties 5, Independence Realty Trust 2, Sun Communities 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELSSUIIRTLeader
Larger companyMarket capitalisation $11.72B $14.54B $3.53B SUI
Cheaper on earningsLower P/E, profitable companies only 30.0x -19.2x 81.1x ELS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.9x — 106.8x ELS
Faster revenue growthRevenue growth, trailing twelve months +3.2% — +3.5% IRT
More profitableNet margin, trailing twelve months — — 6.5% –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.05% –
Better 1-year returnPrice return, last 12 months -0.8% -3.4% -8.1% ELS
Better 5-year returnAnnualised price return, 5 years -6.3%/yr -9.4%/yr -8.0%/yr ELS
Less volatileAnnualised volatility, 1 year 18.5% 20.2% 21.9% ELS
Higher overall scoreMean of the five percentile scores vs peers 45/100 — 52/100 IRT

Percentile Scorecard

ELSSUIIRT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisELSSUIIRT
Valuation 14 #125 of 145 8 #133 of 145 50 #73 of 145
Growth 52 #69 of 142 – 55 #65 of 142
Profitability 100 #1 of 136 – 48 #71 of 136
Financial Health – – 76 #34 of 139
Shareholder Returns 14 #113 of 131 18 #108 of 131 29 #93 of 131
Overall 45 – 52
  • ELS ranked among 149 companies in Property REITs
  • SUI ranked among 149 companies in Property REITs
  • IRT ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodELSSUIIRTSPY
1 month +3.0%+6.8%+2.0% -0.8%
3 months -6.2%-1.3%-9.0% +3.5%
6 months -2.8%-6.1%-5.6% +7.0%
Year to date +0.7%-3.2%-14.5% +12.2%
1 year -0.8%-3.4%-8.1% +13.0%
3 years -5.1%+11.0%+22.5% +86.3%
3 years, per year -1.7%+3.5%+7.0% +23.1%
5 years -27.9%-38.9%-34.0% +68.6%
5 years, per year -6.3%-9.4%-8.0% +11.0%
10 years +63.3%+53.4%+66.7% +258.0%
10 years, per year +5.0%+4.4%+5.2% +13.6%

Risk

MeasureELSSUIIRTSPY
Volatility, 1Y 18.5%20.2%21.9% 12.7%
Downside volatility, 1Y 17.8%19.7%23.7% 12.7%
Beta vs S&P 500, 1Y -0.21-0.060.16 1.00
Return / volatility, 1Y -0.04-0.17-0.37 1.02
Max drawdown, 5Y -34.2%-51.1%-57.1% -25.4%
From 52-week high -10.7%-12.6%-15.9% -1.8%
52-week high $68.37$137.18$17.77 $779.14
52-week low $57.64$110.01$14.46 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleELSSUIIRT
P/E now vs peer median 30.2xmedian 27.4x -19.4xmedian 27.4x 80.9xmedian 27.4x
P/S now vs peer median 7.5xmedian 4.2x 6.2xmedian 4.2x 5.3xmedian 4.2x
EV/EBITDA now vs peer median —median 14.2x —median 14.2x —median 14.2x
P/FCF now vs peer median 33.0xmedian 23.2x 30.8xmedian 23.2x -965.0xmedian 23.2x
P/B now vs peer median 6.6xmedian 1.3x 2.8xmedian 1.3x 1.0xmedian 1.3x
PEG now vs peer median 3.38median 2.11 0.24median 2.11 -5.15median 2.11

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsELSSUIIRT
Revenue $1.58B – $666.83M
Operating income $411.40M – –
Net income – – $44.30M
Free cash flow – – -$3.65M
EPS (diluted) $1.95 $-5.97 $0.18
Cash & equivalents $24.33M – $46.70M
Total debt – – $2.44B
Shares (diluted) 200.21M 127.00M 236.04M
Enterprise value $11.72B $14.54B $3.34B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricELSSUIIRT
P/E 30.2x -19.4x 80.9x
P/FCF 33.0x 30.8x -965.0x
P/Operating cash flow – – 12.8x
P/S 7.5x 6.2x 5.3x
P/B 6.6x 2.8x 1.0x
P/Tangible book 6.6x 2.8x 1.0x
EV/EBITDA – – –
EV/EBIT – – –
EV/Revenue 7.5x – 8.9x
EV/FCF – – -1,621x
EV/Operating cash flow – – 21.5x
PEG (3Y EPS CAGR) 3.38 0.24 -5.15

Growth

14 metrics
MetricELSSUIIRT
Revenue growth (1Y) 3.2% – 3.5%
Revenue CAGR (3Y) 2.4% – 0.9%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 4.5% – –
Operating income CAGR (3Y) 16.2% – –
Net income growth (1Y) – – 57.0%
Net income CAGR (3Y) – – -14.6%
EPS growth (1Y) 2.3% -173.1% 55.3%
EPS CAGR (3Y) 8.9% -79.4% -15.7%
Operating cash flow growth (1Y) – – 0.2%
Operating cash flow CAGR (3Y) – – 1.3%
Free cash flow growth (1Y) – – 98.0%
Free cash flow CAGR (3Y) – – 71.2%

Profitability

14 metrics
MetricELSSUIIRT
Gross margin – – –
EBITDA margin – – –
Operating margin – – –
Pretax margin – – –
Net margin – – 6.5%
FCF margin – – -0.5%
Operating cash flow margin – – 41.4%
Return on equity 22.3% -14.3% 1.3%
Return on assets 7.0% -7.5% 0.7%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.3x – 0.1x
Cash conversion (OCF / net income) – – 6.2x
Stock comp / revenue – – 1.2%

Financial Health

11 metrics
MetricELSSUIIRT
Debt / assets – – 40.1%
Debt / equity – – 0.7x
Net debt / EBITDA – – –
Debt / FCF – – -669.1x
Liabilities / assets 68.7% 44.2% 42.8%
Equity / assets 31.3% 53.2% 57.2%
Interest coverage – – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricELSSUIIRT
Dividend yield 3.5% 3.7% 4.7%
Net buyback yield – – -2.3%
Shareholder yield 3.5% 3.7% 2.3%
Payout ratio (earnings) – – 363.2%
Payout ratio (FCF) – – -4,405%
Dividend growth (1Y) – – 10.2%
Dividend CAGR (3Y) – – 8.7%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusELSSUIIRT
Forward P/E 28.9xFY2026 – 106.8xFY2026
EPS, next fiscal year $2.11FY2026 $-5.88FY2026 $0.14FY2026
EPS growth, next FY +5.0%FY2026 -154.2%FY2026 -41.7%FY2026
EPS growth, the year after +9.0% – +50.0%
Revenue, next fiscal year $1.52BFY2026 $2.04BFY2026 $637.39MFY2026
Revenue growth, next FY -0.6%FY2026 -11.5%FY2026 -2.9%FY2026
Revenue growth, the year after +14.4% -4.9% +20.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELSSUIIRT
Held by institutions 100.0% 100.0% 98.8%
Institutions holding 476 530 395
Change in shares held, QoQ +2.6% +6.1% +2.0%
Institutions buying 220 258 189
Institutions selling 190 197 140
Buyers to sellers 1.16 1.31 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ELSSUIIRT
ELS 1.00 0.74 0.54
SUI 0.74 1.00 0.57
IRT 0.54 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELS, SUI and IRT?

Sun Communities (SUI) is the largest by market capitalisation: Equity Lifestyle Properties (ELS) $11.72B, Sun Communities (SUI) $14.54B, Independence Realty Trust (IRT) $3.53B.

Which stock is cheaper, ELS, SUI and IRT?

Equity Lifestyle Properties (ELS) trades on the lowest price-to-earnings ratio (Equity Lifestyle Properties (ELS) 30.0x, Sun Communities (SUI) -19.2x, Independence Realty Trust (IRT) 81.1x). On next year's consensus earnings, Equity Lifestyle Properties (ELS) is cheapest (Equity Lifestyle Properties (ELS) 28.9x, Independence Realty Trust (IRT) 106.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Independence Realty Trust (IRT) grew revenue fastest over the trailing twelve months: Equity Lifestyle Properties (ELS) +3.2%, Independence Realty Trust (IRT) +3.5%.

Which stock has performed better?

Over the past year Equity Lifestyle Properties (ELS) returned the most: Equity Lifestyle Properties (ELS) -0.8%, Sun Communities (SUI) -3.4%, Independence Realty Trust (IRT) -8.1%. Over five years, Equity Lifestyle Properties (ELS) compounded fastest (Equity Lifestyle Properties (ELS) -6.3%/yr, Sun Communities (SUI) -9.4%/yr, Independence Realty Trust (IRT) -8.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Equity Lifestyle Properties (ELS) 0.00%, Sun Communities (SUI) 0.00%, Independence Realty Trust (IRT) 0.05%. Equity Lifestyle Properties (ELS) and Sun Communities (SUI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Equity Lifestyle Properties (ELS) has been the steadiest (Equity Lifestyle Properties (ELS) 18.5%, Sun Communities (SUI) 20.2%, Independence Realty Trust (IRT) 21.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELS, SUI and IRT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Equity Lifestyle Properties (ELS) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.