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Thursday 5 November 2026 Export ELS’s income statement to Excel — free account

Equity Lifestyle Properties, Inc.

ELS Real Estate Reit Residential

Equity Lifestyle Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, roughly unchanged from fiscal 2024.

Revenue
+4.22%
EPS
−10.0%
Free cash flow
+33.5%
Total debt
+19.5%

Quarter to September 2026, against a year earlier

62.55 2.25 +3.73%
Market cap
$12.1B
P/E
29.7×
Fwd P/E
28.8×
Dividend yield
3.56%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Equity Lifestyle Properties, Inc. (ELS) Gross margin

Alert me on Gross margin

Equity Lifestyle Properties, Inc.'s gross margin over the twelve months to 30 September 2026 was 53.7%, up 0.7 percentage points from fiscal 2025 (53.0%). Over the past ten years it has ranged from 49.5% (fiscal 2022) to 53.0% (fiscal 2025) — the current reading is the highest in ten years. That is below the Reit Residential industry median of 58.2% and below the Real Estate sector median of 64.7%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 53.0% 0.52
FY2024 52.5% 1.61
FY2023 50.9% 1.34
FY2022 49.5% (0.47)
FY2021 50.0% (1.91)
FY2020 51.9% (1.09)
FY2019 53.0% 0.33
FY2018 52.7% 0.60
FY2017 52.1% (0.52)
FY2016 52.6% 0.01

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 52.1% 0.58
Jun 2026 51.5% (4.36)
Mar 2026 55.9% 0.52
Dec 2025 55.4% 4.07
43 more quarters

Against its own ten years

Low 49.5% High 53.0%
Ten-year median 52.5%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
ESS Essex Property Trust, Inc. compare 67.8%
CPT Camden Property Trust compare 64.0%
SUI Sun Communities, Inc. compare 58.5%
MAA Mid-America Apartment Communities, Inc. compare 58.2%
AMH American Homes 4 Rent compare 57.3%
INVH Invitation Home compare 55.7%
ELS Equity Lifestyle Properties, Inc. 53.7%
JAN Janus Living, Inc. compare 26.4%
UDR United Dominion Realty Trust, Inc. compare 0.00%
Reit Residential industry median 58.2%
Real Estate sector median 64.7%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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