ELS - NYSE

Equity LifeStyle Properties, Inc.

ELS·NYSE

$61.82

+0.60%

Real EstateREIT - Residential

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$11.99B

EPS1.9300

P/E Ratio32.03

Earnings Date07/20/2026

1.53B

Revenue

3Y+11.0%

5Y+42.0%

10Y+79.0%

386.51M

Net Income

3Y+36.0%

5Y+69.0%

10Y+123.0%

571.15M

Operating Cash Flow

-4%

3Y+20.0%

5Y+37.0%

10Y+62.0%

Equity LifeStyle Properties, Inc. Profit Bridge

ELS · NYSE

Revenue & Cost of Sales

Revenue1.53B

Cost of Goods Sold (955.09M)

Gross Profit576.30M

Operating Expenses

Operating Expenses (58.43M)

Operating Income517.87M

Other Income & Taxes

Interest Expense (133.90M)

Other Income/Expense-119.08M

Pretax Income398.79M

Income Tax (-3.27M)

Net Income386.51M

Net Income

386.51M

Profitability Analysis

Gross Margin

37.6%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

33.8%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

25.2%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

-0.8%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

Equity LifeStyle Properties, Inc. Income Statement

ELS • NYSE

Equity LifeStyle Properties, Inc. Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
REVENUE
Revenue	1.5B	1.4B	1.4B	1.4B	1.3B	1.1B	1B	968.3M	911.9M	856.3M	807.3M	761.4M	713.3M	669.4M	564.6M	507.1M	503.2M	463.6M	616.4M	412.8M
GROSS PROFIT
Cost of Revenue	(955.1M)	(725.3M)	(731.7M)	(730.4M)	(1.1B)	(524.7M)	(487.5M)	(466.9M)	(443.5M)	(412.5M)	(388M)	(366.8M)	(340.7M)	(316.2M)	(279.3M)	(259M)	(253.4M)	(231.3M)	(30.7M)	(54.5M)
Gross Profit	576.3M	708M	672.5M	644.6M	262.1M	555.6M	533.1M	501.3M	468.4M	443.8M	419.2M	394.6M	372.5M	353.1M	285.4M	248.1M	249.8M	232.2M	585.7M	358.3M
OPERATING INCOME
Operating Expenses	(58.4M)	(292.1M)	(299.4M)	(294.9M)	-120.9M	(214.7M)	(206.6M)	(190.7M)	(170.7M)	(166.4M)	(164.5M)	(160.2M)	(156.7M)	(182.2M)	(158.2M)	(104.9M)	(103M)	(98M)	(353.9M)	(169.3M)
Selling, General & Administrative	(53.6M)	(88.2M)	(95.7M)	(92.5M)	(81.8M)	(61.2M)	(55.7M)	(54.3M)	(47.4M)	(45.6M)	(45.6M)	(42.2M)	(43.8M)	(39.2M)	(50.1M)	(31.7M)	(32.9M)	(31.4M)	(25.8M)	(22.6M)
Operating Income	517.9M	415.9M	373.1M	349.7M	382.9M	341M	326.5M	310.6M	297.7M	277.4M	254.7M	234.4M	215.8M	170.9M	127.1M	143.2M	146.8M	134.2M	231.9M	188.9M
PRE-TAX INCOME
Interest Expense	(133.9M)	(137.7M)	(132.3M)	(116.6M)	(108.7M)	(102.8M)	(104.2M)	(105M)	(100.6M)	(102M)	(105.7M)	(112.3M)	(118.5M)	(124.5M)	(99.7M)	(91.2M)	(98.3M)	(99.4M)	(103.1M)	(0.0)
Net Interest Income	-115.6M	-128.5M	-123.3M	-109.1M	-101.7M	-95.6M	-97M	-97.5M	-93M	-95.2M	-98.7M	-103.9M	-110.3M	-115.9M	-93.6M	-86.7M	-98.3M	-99.4M	-101.3M	0.0
Other Expenses	(4.9M)	(203.9M)	(203.7M)	(202.4M)	-202.7M	(153.5M)	(150.9M)	(136.4M)	(123.3M)	(120.8M)	(119M)	(118M)	(112.9M)	(143M)	(108.2M)	(73.2M)	(70.1M)	(66.6M)	(328.1M)	(146.7M)
Total Other Income Expenses Net	-119.1M	-31.5M	-53.9M	-50.9M	-106.9M	-99.5M	-30.6M	-89.2M	-91.1M	-92.9M	-108.3M	-100.5M	-140.6M	-109.1M	-87.1M	-84.9M	-95.4M	-95.7M	-231.9M	-188.9M
Income Before Tax	398.8M	384.5M	319.2M	298.8M	276M	241.4M	295.9M	221.4M	206.6M	184.5M	146.4M	133.9M	75.2M	61.8M	40M	58.4M	51.4M	38.6M	0.0	0.0
NET INCOME
Income Tax Expense	-3.3M	-354K	-10.5M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Net Income	386.5M	367M	314.2M	284.6M	262.5M	228.3M	279.1M	212.6M	197.6M	173.3M	139.4M	128M	116.2M	69.4M	36.6M	38.4M	34M	18.3M	32.1M	16.6M

SEC Filings

ELS - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 27, 2026	May 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 04, 2026	May 04, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 28, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 28, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 22, 2026	April 21, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 17, 2026	April 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 26, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 18, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 09, 2026	February 03, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 29, 2026	January 28, 2026	2026	View Filing

Showing 1 to 10 of 588 filings

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