Resilient Fundamentals to Drive FFO Growth for Equity LifeStyle Properties (ELS)

Equity LifeStyle Properties (NYSE:ELS) is one of the most favored real estate investment trusts according to Hedge Funds.

On December 8, RBC Capital upgraded its Sector Perform rating for Equity LifeStyle Properties (NYSE:ELS) to Outperform. The firm forecasted a 10% upside based on an estimated price target of $70.

RBC Capital expects Equity LifeStyle Properties (NYSE:ELS) to be among the best growth performers in funds from operations (FFO) in 2026 within the residential REITs category. The firm sees fundamental resilience in this REIT against weak employment and AI-related risks.

RBC Capital also noted recent concerns related to the REIT’s RV business, which generated a lot of pessimism. However, going into 2026, these issues are expected to die down.

UBS Analyst Michael Goldsmith also reaffirmed his Buy rating for Equity LifeStyle Properties (NYSE:ELS) on January 8. He lowered his target price estimates from $77 to $67, which now results in over 5% upside. Goldsmith expects a more favorable macroeconomic and political landscape for REITs in the second half of 2026.

Equity LifeStyle Properties (NYSE:ELS) owns and manages manufactured homes (MH) communities, RV resorts and membership campgrounds. The company focuses primarily on income through rentals, long-term leasing and home sales. Beyond that, it also develops lifestyle communities covering high-demand vacation and retirement locations with luxurious amenities such as pools, clubs and golf courses.

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Disclosure: None. This article is originally published at Insider Monkey.