ELS · Equity Lifestyle Properties Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $397.62M | - | $393.31M | $376.87M | $387.33M | - | $387.26M | $380.02M | $386.57M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $11.10M | - | $8.79M | $10.46M | $9.24M | - | $9.27M | $8.98M | $11.99M | - |
| Total Operating Expenses | $285.25M | - | $294.69M | $292.64M | $277.84M | - | $304.47M | $298.47M | $271.82M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $112.37M | - | $98.62M | $84.22M | $109.49M | - | $81.03M | $65.08M | $114.75M | - |
| Interest Expense | $33.65M | - | $33.66M | $32.20M | $31.14M | - | $36.50M | $36.04M | $33.54M | - |
| Income Tax | - | - | - | - | - | - | $0 | $0 | ($239.0K) | - |
| Net Income | $111.49M | - | $100.36M | $83.49M | $114.39M | - | $86.86M | $82.13M | $115.27M | - |
| EPS - Basic | $0.56 | - | $0.50 | $0.42 | $0.57 | - | $0.44 | $0.42 | $0.59 | - |
| EPS - Diluted | $0.56 | - | $0.50 | $0.42 | $0.57 | - | $0.44 | $0.42 | $0.59 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $39.24M | $26.13M | $39.29M | $33.01M | $47.48M | $24.58M | $40.40M | $35.66M | $47.28M | $29.94M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $5.75B | $5.75B | $5.75B | $5.72B | $5.64B | $5.65B | $5.64B | $5.65B | $5.63B | $5.61B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | $3.35B | - | - | - | $3.20B | - | - | - | $3.52B |
| Total Liabilities | $3.93B | $3.93B | $3.94B | $3.91B | $3.81B | $3.82B | $4.15B | $4.14B | $4.11B | $4.12B |
| Stockholders' Equity | $1.76B | $1.76B | $1.75B | $1.73B | $1.75B | $1.74B | $1.43B | $1.44B | $1.45B | $1.43B |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $194.23M | - | - | - | $193.39M | - | - | - | $198.75M | - |
| Investing Cash Flow | ($44.30M) | - | - | - | ($42.32M) | - | - | - | ($51.29M) | - |
| Financing Cash Flow | ($136.83M) | - | - | - | ($128.17M) | - | - | - | ($130.11M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 28.3% | - | 25.1% | 22.3% | 28.3% | - | 20.9% | 17.1% | 29.7% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 28.0% | - | 25.5% | 22.2% | 29.5% | - | 22.4% | 21.6% | 29.8% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.8% | - | 2.2% | 2.8% | 2.4% | - | 2.4% | 2.4% | 3.1% | - |
| Effective tax rate | - | - | - | - | - | - | 0.0% | 0.0% | -0.2% | - |
| Return on assets | 1.9% | - | 1.7% | 1.5% | 2.0% | - | 1.5% | 1.5% | 2.0% | - |
| Return on equity | 6.3% | - | 5.7% | 4.8% | 6.5% | - | 6.1% | 5.7% | 8.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | 1.91 | - | - | - | 1.84 | - | - | - | 2.46 |
| Debt / Assets | - | 0.58 | - | - | - | 0.57 | - | - | - | 0.63 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.3x | - | 2.9x | 2.6x | 3.5x | - | 2.2x | 1.8x | 3.4x | - |
| Equity multiplier | 3.26 | 3.27 | 3.28 | 3.31 | 3.22 | 3.24 | 3.96 | 3.92 | 3.89 | 3.93 |
| Liabilities / Assets | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.74 | 0.73 | 0.73 | 0.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.07 | 0.07 | 0.07 | - | 0.07 | 0.07 | 0.07 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 111.5x | - | 121.4x | 146.8x | 117.0x | - | 162.1x | 155.1x | 109.2x | - |
| P / B | 7.1x | - | 6.9x | 7.1x | 7.6x | - | 9.8x | 8.8x | 8.7x | - |
| P / S | 31.4x | - | 30.9x | 32.7x | 34.5x | - | 36.0x | 33.5x | 32.6x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.7% | - | 1.6% | -0.8% | 0.2% | - | -0.4% | 2.7% | 4.5% | - |
| Revenue CAGR (3y) | 2.4% | - | 1.1% | 1.0% | 2.5% | - | 5.2% | 6.2% | - | - |
| Revenue CAGR (5y) | - | - | 6.7% | 8.2% | 6.7% | - | 7.4% | 8.9% | 8.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 2.6% | - | 21.7% | 29.4% | -4.6% | - | 1.2% | 0.0% | 33.5% | - |
| Net income growth (YoY) | -2.5% | - | 15.5% | 1.7% | -0.8% | - | 7.6% | 24.3% | 33.3% | - |
| EPS growth (YoY) | -1.8% | - | 13.6% | 0.0% | -3.4% | - | 7.3% | 23.5% | 34.1% | - |
| EPS CAGR (3y) | 8.4% | - | 11.6% | 8.4% | 8.2% | - | 5.0% | 8.4% | - | - |
| EPS CAGR (5y) | - | - | 12.3% | 10.9% | 9.0% | - | 4.7% | -3.8% | -14.1% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 0.7% | 0.9% | 23.0% | 20.2% | 20.8% | 21.8% | -0.1% | 0.6% | 0.5% | -1.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.51B totalProperty Operations Segment$1.46B · 96.2%
Home Sales And Rentals$56.95M · 3.8%
Product / service
$260.49M totalHome Sales Brokered Resales And Ancillary Services$86.03M · 33.0%
Right To Use Annual Payment$69.27M · 26.6%
Ancillary Services$43.37M · 16.6%
Home Sales And Brokered Resale$42.67M · 16.4%
Right To Use Contracts Current$12.41M · 4.8%
Membership Subscription$6.74M · 2.6%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing EQUITY LIFESTYLE PROPERTIES INC against the 5 most active filers in the same SIC group.
Dividends
$2.09/share trailing 12 months · +7.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 27, 2026 | $0.5430 |
| Dec 26, 2025 | $0.5150 |
| Sep 26, 2025 | $0.5150 |
| Jun 27, 2025 | $0.5150 |
| Mar 28, 2025 | $0.5150 |
| Dec 27, 2024 | $0.4780 |
| Sep 27, 2024 | $0.4780 |
| Jun 28, 2024 | $0.4780 |
| Mar 27, 2024 | $0.4780 |
| Dec 28, 2023 | $0.4480 |
| Sep 28, 2023 | $0.4480 |
| Jun 29, 2023 | $0.4480 |
| Mar 30, 2023 | $0.4480 |
| Dec 29, 2022 | $0.4100 |
| Sep 29, 2022 | $0.4100 |
| Jun 23, 2022 | $0.4100 |
| Mar 24, 2022 | $0.4100 |
| Dec 30, 2021 | $0.3630 |
| Sep 23, 2021 | $0.3630 |
| Jun 24, 2021 | $0.3630 |
| Mar 25, 2021 | $0.3630 |
| Dec 23, 2020 | $0.3430 |
| Sep 24, 2020 | $0.3430 |
| Jun 25, 2020 | $0.3430 |