SmarterDividends

AMT vs ELS: Which Is the Better Dividend Stock?

As of September 2026, ELS (Equity LifeStyle Properties, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. AMT offers the higher yield at 4.01%, ELS has the higher dividend-safety score, and ELS trades at the larger discount to fair value (-8%).

MetricAMTELS
Forward yield4.01%3.59%
Annual dividend$6.98$2.17
Payout ratio96%102%
Years of growth13 yr21 yr
5-yr dividend growth8.5%8.5%
5-yr total return-38%-29%
Dividend safety score72 (B)75 (B)
Fair value estimate$159.72$55.67
Upside to fair value-8%-8%
Frequencyquarterlyquarterly
Market cap$81.4B$12.1B
P/E ratio24.029.2

Higher yield

AMT

4.01%

Safer dividend

ELS

Grade B

Faster growth

ELS

8.5%

Better value

ELS

-8% upside

AMT vs ELS — FAQ

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