ELS Equity Lifestyle Properties, Inc. Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$65.25
Price · Aug 19, 2026
Fundamentals as of Jul 28, 2026
52W Range
$59–$69
64% of range
Analyst Rating
HOLD
22 analysts
Price Target
$71
+8% upside
P/E (TTM)
32.5
ROE
23.0%
Net Profit Margin
26.2%

ELS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$65.25
Market Cap
$12.65B
P/E (TTM)
32.5
EPS (TTM)
$2.01
Revenue (TTM)
$1.53B
Div Yield
3.1%
ROE
23.0%
Debt/Equity
—
52W Range
$59 – $69

ELS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.53B
3-point trend, +2.8%
2023-12-31 → 2025-12-31
EPS $2.01
3-point trend, +18.9%
2023-12-31 → 2025-12-31
Free Cash Flow —
Margins 26.2%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
ELS
Peer Median
P/E (TTM)
3-point trend, -27.8%
32.5
30.4
P/S (TTM)
3-point trend, -13.1%
8.3
6.4
P/B
3-point trend, -27.3%
7.2
1.8

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
ELS
Peer Median
Operating Margin
3-point trend, +18.9%
25.6%
—
Net Profit Margin
3-point trend, +18.6%
26.2%
25.1%
ROA
3-point trend, +20.3%
7.1%
3.5%
ROE
3-point trend, +0.2%
23.0%
6.7%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
ELS
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
ELS
Peer Median
Revenue YoY
3-point trend, +2.8%
0.34%
—
Revenue CAGR 3Y
3-point trend, +2.8%
1.9%
—
Revenue CAGR 5Y
3-point trend, +2.8%
6.5%
—
EPS YoY
3-point trend, +18.9%
2.5%
—
Net Income YoY
3-point trend, +22.0%
4.5%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
ELS
Peer Median
EPS (Diluted)
3-point trend, +18.9%
$2.01
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
ELS
Peer Median
Payout Ratio
3-point trend, -2.5%
96.5%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
3.1%
Payout Ratio
96.5%
5Y Div CAGR
—
Ex-dateAmount
June 26, 2026$0.5430
March 27, 2026$0.5430
Dec. 26, 2025$0.5150
Sept. 26, 2025$0.5150
June 27, 2025$0.5150
March 28, 2025$0.5150
Dec. 27, 2024$0.4780
Sept. 27, 2024$0.4780
June 28, 2024$0.4780
March 27, 2024$0.4780
Dec. 28, 2023$0.4480
Sept. 28, 2023$0.4480
June 29, 2023$0.4480
March 30, 2023$0.4480
Dec. 29, 2022$0.4100
Sept. 29, 2022$0.4100
June 23, 2022$0.4100
March 24, 2022$0.4100
Dec. 30, 2021$0.3630
Sept. 23, 2021$0.3630

ELS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 22 analysts
  • Strong Buy 7 31.8%
  • Buy 7 31.8%
  • Hold 8 36.4%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

19 analysts · 2026-08-14
Median target $71.00 +8.8%
Mean target $70.58 +8.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.50 $0.44 0.06%
March 31, 2026 $0.56 $0.55 0.01%
Dec. 31, 2025 $0.52 $0.51 0.01%
Sept. 30, 2025 $0.50 $0.47 0.03%
June 30, 2025 $0.39 $0.42 -0.03%
March 31, 2025 $0.57 $0.56 0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ELS $11.75B 30.2 0.34% 26.2% 23.0% —
INVH $16.97B 28.9 4.2% 21.5% 6.1% —
SUI $15.30B 11.4 2.0% 61.3% 20.1% —
AMH — 27.2 — — 7.2% —
UMH $1.35B 227.3 8.8% 10.0% 2.9% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for ELS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +97.1% $1.53B $1.53B $1.49B $1.45B $1.32B $1.12B $1.04B $987M $925M $870M $822M $777M
SG&A Expense 12-point trend, +36.8% $38M $38M $47M $45M $40M $39M $36M $38M $32M $31M $31M $27M
Operating Expenses 12-point trend, +76.9% $1.14B $1.15B $1.17B $1.15B $1.04B $883M $803M $765M $719M $686M $675M $644M
Operating Income 10-point trend, +43.8% $391M $381M $320M $295M $272M · · $356M $337M $315M $295M $272M
Interest Income 12-point trend, +14.7% $10M $9M $9M $7M $7M $7M $7M $8M $8M $7M $7M $8M
Pretax Income 9-point trend, +123.1% · · · $295M $272M $236M $287M $221M $207M $185M $146M $132M
Income Tax 5-point trend, -3273000.00 $-3M $-354.0K $-10M $0 $0 · · · · · · ·
Net Income 12-point trend, +190.4% $402M $385M $330M $299M $276M $241M $296M $226M $210M $187M $151M $138M
EPS (Basic) 12-point trend, +41.5% $2.01 $1.96 $1.69 $1.53 $1.43 $1.26 $1.54 $1.19 $1.09 $1.93 $1.55 $1.42
EPS (Diluted) 12-point trend, +42.6% $2.01 $1.96 $1.69 $1.53 $1.43 $1.25 $1.54 $1.19 $1.08 $1.92 $1.54 $1.41
Shares (Basic) 12-point trend, +130.5% 192,137,000 187,439,000 186,061,000 185,780,000 182,917,000 181,828,000 180,805,000 177,928,000 173,994,000 84,778,000 84,031,000 83,362,000
Shares (Diluted) 12-point trend, +118.7% 200,114,000 196,636,000 195,429,000 195,255,000 192,883,000 192,555,000 191,995,000 190,110,000 186,850,000 92,569,000 91,907,000 91,511,000
EBITDA 12-point trend, +120.5% $600M $585M $524M $202M $188M $155M $152M $356M $337M $315M $295M $272M
Balance Sheet 12
Annual Balance Sheet data for ELS
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 4-point trend, -57.8% · · · · · · · · $31M $56M $80M $74M
PP&E (Gross) 4-point trend, -3.4% · · · $249M $204M $168M $258M · · · · ·
Goodwill 12-point trend, +125.6% $18M $18M $18M $18M $17M $8M $8M $8M $8M $8M $8M $8M
Intangibles 12-point trend, +783.7% $38M $38M $38M $38M $38M $5M $4M $4M $4M $4M $4M $4M
Total Assets 12-point trend, +67.5% $5.75B $5.65B $5.61B $5.49B $5.31B $4.42B $4.15B $3.93B $3.61B $3.48B $3.40B $3.43B
Total Liabilities 12-point trend, +59.3% $3.93B $3.82B $4.12B $3.98B $3.82B $3.11B $2.83B $2.73B $2.51B $2.40B $2.41B $2.47B
Long-term Debt 12-point trend, +51.2% $3.35B $3.20B $3.52B $3.39B $3.27B $2.44B $2.25B $2.36B $2.20B $2.09B $2.15B $2.21B
Common Stock 12-point trend, +137.2% $2M $2M $2M $2M $2M $2M $2M $2M $883.0K $854.0K $843.0K $838.0K
AOCI 9-point trend, -334.4% $-2M $2M $6M $19M $4M $0 $-380.0K $2M $942.0K · · ·
Stockholders' Equity 12-point trend, +92.6% $1.76B $1.74B $1.43B $1.45B $1.42B $1.23B $1.25B $1.12B $1.03B $1.01B $925M $912M
Liabilities + Equity 12-point trend, +66.7% $5.75B $5.65B $5.61B $5.49B $5.31B $4.42B $4.15B $3.93B $3.61B $3.48B $3.40B $3.45B
Shares Outstanding 12-point trend, +131.1% 193,835,561 191,056,527 186,426,281 186,120,298 185,640,379 182,230,631 182,089,595 179,842,036 177,170,320 171,058,772 84,253,065 83,879,779
Cash Flow 17
Annual Cash Flow data for ELS
Metric Trend 202520242023202220212020201920182017201620152014
D&A 9-point trend, +68.9% $209M $204M $204M $202M $188M $155M $152M $137M $124M · · ·
Stock-based Comp 12-point trend, -4.2% $7M $9M $18M $9M $13M $12M $10M $10M $9M $9M $9M $8M
Deferred Tax 5-point trend, -1222000.00 $-1M $-354.0K $-10M $0 $0 · · · · · · ·
Amort. of Intangibles 5-point trend, +79.7% · · · · · · · $7M $2M $3M $2M $4M
Other Non-cash 7-point trend, -205.7% $-46M $-994.0K $7M $-34M $118M $58M $-15M · · · · ·
Operating Cash Flow 12-point trend, +99.9% $571M $597M $548M $476M $509M $417M $444M $414M $378M $352M $353M $286M
CapEx 6-point trend, -6.7% · · · $133M $398M $209M $58M $252M $142M · · ·
Investing Cash Flow 12-point trend, -116.7% $-277M $-218M $-325M $-402M $-828M $-401M $-352M $-398M $-305M $-219M $-121M $-128M
Debt Issued 5-point trend, +149.6% · · · · · · · $422M $350M $88M $395M $169M
Net Debt Issued 5-point trend, +149.6% · · · · · · · $422M $350M $88M $395M $169M
Stock Issued 9-point trend, -100.0% $0 $317M $0 $28M $140M $0 $59M $79M $121M · · ·
Stock Repurchased 5-point trend, +0.00 · · · · · · · $0 $0 $229.0K $62.0K $0
Net Stock Activity 12-point trend, +100.0% $0 $317M $0 $28M $140M $0 $59M $0 $0 $-229.0K $-3M $-2M
Dividends Paid 12-point trend, +279.1% $388M $351M $326M $296M $262M $243M $216M $190M $164M $140M $122M $102M
Financing Cash Flow 12-point trend, -105.2% $-293M $-384M $-216M $-175M $419M $-21M $-132M $17M $-99M $-158M $-226M $-143M
Net Change in Cash 12-point trend, -89.8% $2M $-5M $8M $-101M $99M $-5M $-40M $33M $-26M $-24M $7M $15M
Free Cash Flow 4-point trend, -11.0% · · · $343M $197M $257M $385M · · · · ·
Profitability 6
Annual Profitability data for ELS
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 8-point trend, -27.1% 25.6% 24.9% 21.5% · · · · 36.0% 36.4% 36.2% 35.9% 35.0%
Net Margin 12-point trend, +47.2% 26.2% 25.2% 22.1% 20.6% 21.7% 22.1% 28.5% 22.9% 22.7% 21.5% 18.3% 17.8%
Pretax Margin 9-point trend, +19.8% · · · 20.4% 21.4% 21.6% 27.7% 22.4% 22.3% 21.2% 17.8% 17.1%
EBITDA Margin 12-point trend, +11.9% 39.2% 38.3% 35.2% 14.0% 14.8% 14.2% 14.7% 36.0% 36.4% 36.2% 35.9% 35.0%
ROA 12-point trend, +75.6% 7.1% 6.8% 5.9% 5.5% 5.4% 5.6% 7.1% 5.8% 5.9% 5.4% 4.4% 4.0%
ROE 12-point trend, +49.9% 23.0% 24.3% 22.9% 20.9% 20.8% 19.4% 25.0% 21.0% 20.6% 19.4% 16.4% 15.3%
Efficiency 1
Annual Efficiency data for ELS
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +19.4% 0.3 0.3 0.3 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.2 0.2
Per Share 7
Annual Per Share data for ELS
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -16.7% $9.06 $9.11 $7.66 $7.77 $7.62 $6.77 $6.86 $12.47 $11.65 $11.79 $10.98 $10.87
Revenue / Share 12-point trend, -9.9% $7.65 $7.76 $7.62 $7.41 $6.59 $5.67 $5.40 $10.38 $9.90 $9.40 $8.94 $8.49
Cash Flow / Share 12-point trend, -8.6% $2.85 $3.03 $2.80 $2.44 $3.08 $2.42 $2.31 $4.32 $4.12 $3.82 $3.84 $3.12
Cash / Share 4-point trend, -60.1% · · · · · · · · $0.35 $0.66 $0.95 $0.88
Dividend / Share 2-point trend, +7.9% $2 $2 · · · · · · · · · ·
Dividend Paid / Share · · · · · · · $0 · · · ·
EPS (TTM) 12-point trend, +42.6% $2.01 $1.96 $1.69 $1.53 $1.43 $1.25 $1.54 $1.19 $1.08 $1.92 $1.54 $1.41
Growth Rates 10
Annual Growth Rates data for ELS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -98.1% 0.34% 2.5% 2.9% 9.9% 17.7% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -80.9% 1.9% 5.1% 10.0% · · · · · · · · ·
Revenue CAGR 5Y 6.5% · · · · · · · · · · ·
EPS YoY 5-point trend, -82.3% 2.5% 16.0% 10.5% 7.0% 14.4% · · · · · · ·
EPS CAGR 3Y 3-point trend, -10.0% 9.5% 11.1% 10.6% · · · · · · · · ·
EPS CAGR 5Y 10.0% · · · · · · · · · · ·
Net Income YoY 5-point trend, -68.7% 4.5% 16.7% 10.3% 8.3% 14.3% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -4.9% 10.4% 11.7% 10.9% · · · · · · · · ·
Net Income CAGR 5Y 10.7% · · · · · · · · · · ·
Dividend CAGR 5Y 9.8% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for ELS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +97.1% $1.53B $1.53B $1.49B $1.45B $1.32B $1.12B $1.04B $987M $925M $870M $822M $777M
Net Income TTM 12-point trend, +190.4% $402M $385M $330M $299M $276M $241M $296M $226M $210M $187M $151M $138M
Market Cap 12-point trend, +443.4% $11.75B $12.72B $13.15B $12.02B $16.27B $11.55B $12.82B $4.37B $3.94B $3.08B $2.81B $2.16B
P/E 12-point trend, +65.0% 30.2 34.0 41.7 42.2 61.3 50.7 45.7 40.8 41.2 18.8 21.6 18.3
P/S 12-point trend, +175.6% 7.7 8.3 8.8 8.3 12.4 10.3 12.4 4.4 4.3 3.5 3.4 2.8
P/B 12-point trend, +182.2% 6.7 7.3 9.2 8.3 11.5 9.4 10.3 3.9 3.8 3.1 3.0 2.4
P / Tangible Book 6-point trend, -26.9% 6.9 7.6 9.6 8.7 12.0 9.5 · · · · · ·
P / Cash Flow 12-point trend, +171.9% 20.6 21.3 24.0 25.3 27.3 24.7 28.9 10.6 10.3 8.7 8.0 7.6
P / FCF 4-point trend, +5.3% · · · 35.1 82.6 44.9 33.3 · · · · ·
Dividend Yield 12-point trend, -30.2% 3.3% 2.8% 2.5% 2.5% 1.6% 2.1% 1.7% 4.4% 4.2% 4.5% 4.3% 4.7%
Earnings Yield 12-point trend, -39.3% 3.3% 2.9% 2.4% 2.4% 1.6% 2.0% 2.2% 2.5% 2.4% 5.3% 4.6% 5.5%
Payout Ratio 12-point trend, +30.6% 96.5% 91.1% 99.0% 99.1% 94.8% 100.6% 73.0% 84.0% 77.8% 74.8% 81.1% 73.9%
Annual Payout 12-point trend, +279.1% $388M $351M $326M $296M $262M $243M $216M $190M $164M $140M $122M $102M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312025-06-302025-03-312024-12-312024-09-30
Revenue $1.53B——$1.53B—
Operating Margin % 25.6%——24.9%—
Net Income $402M——$385M—
Diluted EPS $2.01——$1.96—

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Institutional owners (13F) 507 filers · $7.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
59 (-18 vs prior Q) 62 (-1 vs prior Q) 158 (-12 vs prior Q) 181 (+4 vs prior Q) +55.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $1,059,141,718 16,433,541 14.18% Shares
STATE STREET CORP $754,384,324 11,608,725 10.10% Shares
VANGUARD CAPITAL MANAGEMENT LLC $565,459,100 8,773,609 7.57% Shares
Aristotle Capital Management, LLC $527,426,236 8,183,427 7.06% Shares
PRINCIPAL FINANCIAL GROUP INC $474,497,398 7,362,256 6.35% Shares
VICTORY CAPITAL MANAGEMENT INC $321,545,948 4,989,076 4.31% Shares
GEODE CAPITAL MANAGEMENT, LLC $266,446,804 4,133,232 3.57% Shares
Daiwa Securities Group Inc. $234,908,005 3,644,810 3.15% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $199,499,175 3,095,410 2.67% Shares
CENTERSQUARE INVESTMENT MANAGEMENT LLC $196,269,907 3,045,305 2.63% Shares
DIMENSIONAL FUND ADVISORS LP $169,023,999 2,622,560 2.26% Shares
Resolution Capital Ltd $161,685,651 2,508,699 2.17% Shares
NORGES BANK $149,857,915 2,325,181 2.01% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $121,310,175 1,882,237 1.62% Shares
CANADA PENSION PLAN INVESTMENT BOARD $91,433,604 1,418,675 1.22% Shares
VANGUARD FIDUCIARY TRUST CO $79,005,452 1,225,841 1.06% Shares
Quantinno Capital Management LP $78,836,276 1,223,216 1.06% Shares
FMR LLC $78,136,428 1,212,357 1.05% Shares
CITADEL ADVISORS LLC $75,659,466 1,173,925 1.01% Shares
CI INVESTMENTS INC. $65,876,923 1,022,140 0.88% Shares
LASALLE INVESTMENT MANAGEMENT SECURITIES LLC $64,597,333 1,002,286 0.87% Shares
Caprock Group, LLC $60,463,378 930,118 0.81% Shares
Sumitomo Mitsui Trust Group, Inc. $59,547,997 923,941 0.80% Shares
MILLER HOWARD INVESTMENTS INC /NY $51,078,425 792,528 0.68% Shares
BANK OF AMERICA CORP /DE/ $44,554,736 691,307 0.60% Shares
ROYAL LONDON ASSET MANAGEMENT LTD $43,556,148 675,813 0.58% Shares
Adelante Capital Management LLC $39,646,711 615,154 0.53% Shares
RHUMBLINE ADVISERS $35,998,878 558,556 0.48% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $35,464,481 548,222 0.47% Shares
AMERIPRISE FINANCIAL INC $34,403,606 533,699 0.46% Shares
CHAI TRUST CO LLC $34,053,318 528,368 0.46% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $33,526,697 520,197 0.45% Shares
Clearbridge Investments, LLC $33,228,108 515,564 0.44% Shares
Nuveen Asset Management, LLC $31,746,355 476,672 0.43% Shares
APG Asset Management US Inc. $31,316,552 481,719 0.42% Shares
Arbejdsmarkedets Tillaegspension $28,873,600 448,000 0.39% Shares
NEUBERGER BERMAN GROUP LLC $26,851,208 416,621 0.36% Shares
ProShare Advisors LLC $26,519,564 411,475 0.36% Shares
Swiss National Bank $23,827,165 369,700 0.32% Shares
California Public Employees Retirement System $22,731,837 352,705 0.30% Shares
GOLDMAN SACHS GROUP INC $22,613,765 350,873 0.30% Shares
JANUS HENDERSON GROUP PLC $21,297,788 341,195 0.29% Shares
ENVESTNET ASSET MANAGEMENT INC $21,121,379 327,727 0.28% Shares
NOMURA ASSET MANAGEMENT CO LTD $20,296,207 314,914 0.27% Shares
Long Pond Capital, LP $19,737,426 306,244 0.26% Shares
Asset Management One Co., Ltd. $19,149,832 306,790 0.26% Shares
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC $18,840,024 292,320 0.25% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $18,811,283 310,366 0.25% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $18,168,519 281,901 0.24% Shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC $17,447,517 270,714 0.23% Shares
Argosy-Lionbridge Management, LLC $17,328,285 268,864 0.23% Shares
ALLIANCEBERNSTEIN L.P. $17,116,001 274,207 0.23% Shares
Apollo Management Holdings, L.P. $17,058,626 264,680 0.23% Shares
Retirement Systems of Alabama $16,943,067 262,887 0.23% Shares
TUDOR INVESTMENT CORP ET AL $16,147,174 250,538 0.22% Shares
DUFF & PHELPS INVESTMENT MANAGEMENT CO $15,036,185 233,300 0.20% Shares
Connor, Clark & Lunn Investment Management Ltd. $14,847,540 230,373 0.20% Shares
Gotham Asset Management, LLC $13,626,341 211,425 0.18% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $13,574,977 217,478 0.18% Shares
Robeco Institutional Asset Management B.V. $13,316,530 206,618 0.18% Shares
Sophron Capital Management L.P. $12,895,414 200,084 0.17% Shares
VANGUARD GROUP INC $12,895,202 212,757 0.17% Shares
Seven Post Investment Office LP $12,777,826 198,260 0.17% Shares
RENAISSANCE TECHNOLOGIES LLC $12,503,300 194,000 0.17% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $12,275,405 190,464 0.16% Shares
Swedbank AB $11,601,000 180,000 0.16% Shares
VANGUARD ASSET MANAGEMENT, Ltd $11,380,517 176,579 0.15% Shares
Vanguard Investments Australia, Ltd. $11,295,120 175,254 0.15% Shares
RAYMOND JAMES FINANCIAL INC $11,156,915 173,110 0.15% Shares
BlackRock, Inc. $11,115,692 172,470 0.15% Shares
State of New Jersey Common Pension Fund D $10,870,008 168,658 0.15% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $10,693,028 165,912 0.14% Shares
MACQUARIE GROUP LTD $10,427,881 161,798 0.14% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $10,087,843 156,522 0.14% Shares
STRS OHIO $9,497,803 147,367 0.13% Shares
Toroso Investments, LLC $9,170,717 151,307 0.12% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $8,856,000 137,408 0.12% Shares
Legal & General Group Plc $8,849,888 137,314 0.12% Shares
BNP PARIBAS FINANCIAL MARKETS $8,816,824 136,801 0.12% Shares
Meiji Yasuda Asset Management Co Ltd. $8,482,845 131,619 0.11% Shares
Waratah Capital Advisors Ltd. $8,406,729 130,438 0.11% Shares
Verition Fund Management LLC $8,305,156 128,862 0.11% Shares
Lighthouse Investment Partners, LLC $8,213,947 127,447 0.11% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $8,194,560 127,146 0.11% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $8,154,987 126,532 0.11% Shares
Amundi $7,984,517 123,887 0.11% Shares
Heitman Real Estate Securities LLC $7,520,606 116,689 0.10% Shares
APG Asset Management N.V. $7,362,566 130,607 0.10% Shares
MORGAN STANLEY $7,285,299 113,038 0.10% Shares
AMERICAN CENTURY COMPANIES INC $6,501,200 100,872 0.09% Shares
BAR HARBOR WEALTH MANAGEMENT $6,435,590 99,854 0.09% Shares
AEW CAPITAL MANAGEMENT L P $6,426,310 99,710 0.09% Shares
Uniplan Investment Counsel, Inc. $6,416,189 99,552 0.09% Shares
MetLife Investment Management, LLC $6,369,142 98,823 0.09% Shares
AEGON ASSET MANAGEMENT UK Plc $6,146,725 95,372 0.08% Shares
Vert Asset Management LLC $6,036,903 93,668 0.08% Shares
Midwest Trust Co $5,942,161 92,198 0.08% Shares
NORTHERN TRUST CORP $5,786,128 89,777 0.08% Shares
NEW YORK STATE COMMON RETIREMENT FUND $5,723,933 88,812 0.08% Shares
GSI Capital Advisors LLC $5,690,935 88,300 0.08% Shares

Company insiders 27 insiders · 9 officers · 11 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Paul Seavey Sr VP, CFO & Treasurer Feb. 2, 2015 A 37,026 0 0 $0
John Zoeller Former Exec VP, CFO & Treas. Feb. 12, 2004 J 338 0 0 $0
Patrick Waite EVP & Chief Operating Officer Aug. 1, 2016 A 62,703 0 0 $0
Thomas Heneghan Chairman of the Board April 28, 2026 A 300,030 0 0 $0
Samuel Zell Chairman of the Board April 25, 2023 A 132,366 0 0 $0
Howard Walker Vice Chairman of the Board Feb. 1, 2018 A 56,104 0 0 $0
Larisa Drake SVP of Marketing Feb. 2, 2015 A 4,706 0 0 $0
Kenneth Kroot SVP - Gen. Counsel & Secretary Sept. 14, 2012 A 2,000 0 0 $0
Mark Howell Former Prin. Acct. Officer March 17, 2004 J 0 0 0 $0
David J Contis Director May 1, 2026 G 8,959 0 1 $-201,660
Andrew Berkenfield Director April 29, 2025 A 8,377 0 0 $0
Sheli Z Rosenberg Director April 1, 2024 A 743,668 0 0 $0
Tao Huang Director Feb. 1, 2021 A 31,058 0 0 $0
Thomas E Dobrowski Director May 10, 2016 A 42,260 0 0 $0
Gary Waterman Director May 2, 2016 A 253,526 0 0 $0
William Young Director May 12, 2015 A 12,068 0 0 $0
Donald S Chisholm Director Dec. 18, 2008 S 55,068 0 0 $0
Constance Freedman — Aug. 3, 2026 A 16,525 0 0 $0
Scott R Peppet — July 31, 2026 G 10,973 0 0 $0
Philip Calian — April 28, 2026 A 221,974 0 0 $0
Marguerite M Nader — Feb. 3, 2026 A 284,614 0 0 $0
Roger Maynard — March 31, 2022 D 257,339 0 0 $0
Seth Rosenberg — July 2, 2013 S 2,098 0 0 $0
Ellen Kelleher — Jan. 31, 2013 J 20,609 0 0 $0
Michael B Berman — Jan. 10, 2012 S 30,389 0 0 $0
Joe B Mcadams — July 1, 2011 J 10,614 0 0 $0
David Helfand — March 29, 2004 J 40,274 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Samuel Zell, Samuel Zell Revocable Trust, Samstock/SZRT, L.L.C., Samstock/ZGPI, L.L.C., Samstock, L.L.C., Samstock/ZFT, L.L.C., Samstock/Alpha, L.L.C., SZKT Holdings, L.L.C., SZMT Holdings, L.L.C., SZJT Holdings, L.L.C., ZFTKT Holdings, L.L.C., ZFTMT Holdings, L.L.C., ZFTGT Holdings, L.L.C., ZFTJT Holdings, L.L.C., Zell General Partnership, Inc., EGI Holdings, Inc., Chai Trust Company, LLC ×3 filings Oct. 23, 2015 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 106 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
LPRE · Exchange Listed Funds Trust 5.29% 134,083 NS May 31, 2026 N-PORT
SPRE · Tidal Trust I 4.79% 157,752 NS May 31, 2026 N-PORT
HAUS · Tidal Trust I 4.29% 5,828 NS April 30, 2026 N-PORT
RNTY · Tidal Trust II 2.67% 2,150 NS April 30, 2026 N-PORT
REZ · iShares Trust 2.54% 339,579 SH Aug. 8, 2026 Daily
PSR · Invesco Actively Managed Exchange-T… 2.54% 23,347 Aug. 8, 2026 Daily
JRE · Janus Detroit Street Trust 2.34% 1,480 NS April 30, 2026 N-PORT
RITA · ETF Series Solutions 2.32% 3,252 NS April 30, 2026 N-PORT
REIT · ALPS ETF Trust 2.26% 19,159 NS May 31, 2026 N-PORT
JPRE · J.P. Morgan Exchange-Traded Fund Tr… 1.62% 124,519 NS May 31, 2026 N-PORT
ICF · iShares Trust 1.61% 522,028 SH Aug. 8, 2026 Daily
HOMZ · ETF Series Solutions 1.57% 8,632 NS May 31, 2026 N-PORT
REGL · ProShares Trust 1.49% 405,293 NS May 31, 2026 N-PORT
XMLV · Invesco Exchange-Traded Fund Trust … 1.46% 168,055 Aug. 8, 2026 Daily
SNPD · DBX ETF Trust 1.22% 515 NS May 29, 2026 N-PORT
VGSR · Manager Directed Portfolios 1.21% 89,370 NS March 31, 2026 N-PORT
MMID · MFS Active Exchange Traded Funds Tr… 1.18% 6,517 NS May 31, 2026 N-PORT
USRT · iShares Trust 1.01% 725,386 SH Aug. 8, 2026 Daily
SMMV · iShares Trust 0.98% 44,139 SH Aug. 8, 2026 Daily
BBRE · J.P. Morgan Exchange-Traded Fund Tr… 0.97% 193,406 NS May 31, 2026 N-PORT
HSMV · First Trust Exchange-Traded Fund III 0.91% 4,370 NS April 30, 2026 N-PORT
IYR · iShares Trust 0.91% 637,048 SH Aug. 8, 2026 Daily
DFAR · Dimensional ETF Trust 0.91% 241,597 NS April 30, 2026 N-PORT
RFFC · ALPS ETF Trust 0.90% 4,327 NS May 31, 2026 N-PORT
SCHH · SCHWAB STRATEGIC TRUST 0.85% 1,371,241 NS May 31, 2026 N-PORT
FREL · FIDELITY COVINGTON TRUST 0.75% 170,046 NS April 30, 2026 N-PORT
PPTY · ETF Series Solutions 0.73% 2,911 NS May 31, 2026 N-PORT
AVRE · AMERICAN CENTURY ETF TRUST 0.68% 89,485 NS May 31, 2026 N-PORT
REET · iShares Trust 0.67% 528,018 SH Aug. 8, 2026 Daily
VNQ · VANGUARD SPECIALIZED FUNDS 0.63% 7,011,675 SH Aug. 8, 2026 Daily
ERET · iShares Trust 0.63% 1,360 SH Aug. 8, 2026 Daily
DFGR · Dimensional ETF Trust 0.59% 329,014 NS April 30, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.49% 24,557 NS April 30, 2026 N-PORT
MIDE · DBX ETF Trust 0.48% 260 NS May 29, 2026 N-PORT
XJH · iShares Trust 0.40% 26,231 SH Aug. 8, 2026 Daily
SIXL · EXCHANGE TRADED CONCEPTS TRUST 0.39% 12,037 NS May 31, 2026 N-PORT
QVMM · Invesco Exchange-Traded Fund Trust … 0.37% 24,773 Aug. 8, 2026 Daily
PTMC · Pacer Funds Trust 0.36% 22,240 NS April 30, 2026 N-PORT
IVOV · VANGUARD ADMIRAL FUNDS 0.35% 81,590 SH Aug. 8, 2026 Daily
IJJ · iShares Trust 0.35% 483,382 SH Aug. 8, 2026 Daily
IJH · iShares Trust 0.34% 6,691,625 SH Aug. 8, 2026 Daily
IJK · iShares Trust 0.34% 578,058 SH Aug. 8, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.34% 2,570,452 SH Aug. 8, 2026 Daily
IVOO · VANGUARD ADMIRAL FUNDS 0.34% 313,395 SH Aug. 8, 2026 Daily
IVOG · VANGUARD ADMIRAL FUNDS 0.33% 97,595 SH Aug. 8, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.30% 29,313 NS April 30, 2026 N-PORT
MVV · ProShares Trust 0.26% 6,697 NS May 31, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.24% 3,210 NS April 30, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.24% 77,536 NS April 30, 2026 N-PORT
CAPE · DoubleLine ETF Trust 0.24% 10,049 NS March 31, 2026 N-PORT