5 Best Residential REITs to Buy in 2026

3. Equity LifeStyle Properties, Inc. (NYSE:ELS)

On May 11, 2026, Barclays lowered the firm’s price target on Equity LifeStyle Properties, Inc. (NYSE:ELS) to $68 from $71 and maintained an Overweight rating on the shares. The firm updated its residential REIT models following Q1 earnings reports and said it believes apartment and single-family rental earnings growth could bottom in 2026, adding that share prices may have already reflected much of that slowdown.

Meanwhile, Truist lowered the firm’s price target on Equity LifeStyle Properties, Inc. (NYSE:ELS) to $67 from $69 while maintaining a Hold rating as part of a broader research note on manufactured housing REITs. The firm said investors remain focused on softer transient RV demand along with slower home sales and occupancy trends, though it believes the recent pullback appears excessive given the company’s visible long-term FFO growth outlook, pricing power, and constrained supply backdrop.

Last month, Equity LifeStyle Properties, Inc. (NYSE:ELS) reported Q1 normalized FFO of 84c per share, in line with the consensus estimate. Revenue totaled $397.62M, versus the consensus estimate of $397.16M. The company also reaffirmed its FY26 normalized FFO outlook of $3.12-$3.22 per share, compared to the consensus estimate of $3.18.

Equity LifeStyle Properties, Inc. (NYSE:ELS) is a self-administered and self-managed REIT focused on manufactured housing, RV, and resort communities.

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