BXP (BXP) vs Equity Lifestyle Properties (ELS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Equity Lifestyle Properties (ELS) has outperformed BXP (BXP) over the past year, losing 6.5% versus a loss of 19.5%. Over five years, ELS leads with a -30.6% price change compared with -49.2% for BXP. Equity Lifestyle Properties is the larger company by market cap ($11.63 billion vs $10.75 billion), about 1.1 times the size, while BXP is growing revenue faster (+2.2% vs +0.3%).
On valuation, Equity Lifestyle Properties trades at a lower forward P/E (26.6x vs 27.2x for BXP). BXP offers the higher dividend yield (4.71% vs 3.65%). Equity Lifestyle Properties converts more of its revenue into profit, with a net margin of 26.3% versus 7.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BXP | ELS |
|---|---|---|
| Share price | $59.42 | $57.98 |
| Market cap | $10.75B | $11.63B |
| 1-day change | -0.62% | -1.29% |
| YTD return | -11.94% | -4.34% |
| 1-year return | -19.45% | -6.53% |
| 5-year return | -49.20% | -30.62% |
| P/E ratio (TTM) | 31.95 | 28.01 |
| Forward P/E | 27.25 | 26.56 |
| EPS (TTM) | $1.86 | $2.07 |
| Dividend yield | 4.71% | 3.65% |
| Annual dividend | $2.80 | $2.12 |
| Revenue (latest FY) | $3.48B | $1.53B |
| Revenue growth (YoY) | +2.19% | +0.34% |
| Net income (latest FY) | $276.80M | $402.06M |
| Gross margin | 59.12% | — |
| Operating margin | — | 25.56% |
| Net margin | 7.95% | 26.25% |
| 52-week high | $74.96 | $69.00 |
| 52-week low | $49.72 | $57.46 |
| Distance from 52-week high | -20.73% | -15.97% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +27.82% | +20.01% |
| Average volume | 1.35M | 1.59M |
| Shares outstanding | 159.66M | 194.06M |
| Employees | 826 | 3,700 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ELS has outperformed BXP by 12.9 percentage points over the past year.
- BXP offers a meaningfully higher dividend yield (4.71% vs 3.65%).
- Equity Lifestyle Properties is more profitable, keeping 26.3 cents of every revenue dollar as net income versus 7.9 cents for BXP.
About BXP
BXP stock →BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States.
Real Estate · Real Estate Investment Trusts · 826 employees
About Equity Lifestyle Properties
ELS stock →Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust.
Real Estate · Real Estate Investment Trusts · 3,700 employees
BXP vs ELS FAQ
Which is bigger, BXP or Equity Lifestyle Properties?
Equity Lifestyle Properties (ELS) is larger, with a market capitalization of $11.63B compared with $10.75B for BXP (BXP).
Which stock has performed better over the past year, BXP or ELS?
ELS returned -6.53% over the past 12 months, compared with -19.45% for BXP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BXP or ELS?
ELS has the lower trailing P/E at 28.0, versus 31.9 for BXP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, BXP or Equity Lifestyle Properties?
BXP has the higher yield at 4.71%, compared with 3.65% for Equity Lifestyle Properties.
Are BXP and Equity Lifestyle Properties in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.