ELS
Equity Lifestyle Properties Inc
NYSE: ELS · REAL ESTATE · REIT - RESIDENTIAL
$62.22
-0.61% today
Updated 2026-04-29
Market cap
$12.47B
P/E ratio
31.11
P/S ratio
8.08x
EPS (TTM)
$2.00
Dividend yield
3.34%
52W range
$57 – $68
Volume
1.8M
Equity Lifestyle Properties Inc (ELS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $412.79M | $616.45M | $463.59M | $503.22M | $507.14M | $564.63M | $669.37M | $713.27M | $761.41M | $807.26M | $856.28M | $911.94M | $968.29M | $1.02B | $1.08B | $1.32B | $1.37B | $1.40B | $1.43B | $1.53B |
| Revenue growth (YoY) | — | +49.3% | -24.8% | +8.5% | +0.8% | +11.3% | +18.5% | +6.6% | +6.7% | +6.0% | +6.1% | +6.5% | +6.2% | +5.4% | +5.9% | +21.8% | +4.5% | +2.1% | +2.1% | +6.8% |
| Cost of revenue | $54.50M | $30.71M | $231.34M | $253.40M | $259.04M | $279.26M | $316.24M | $340.73M | $366.84M | $388.05M | $412.48M | $443.50M | $466.94M | $487.46M | $524.66M | $1.05B | $730.40M | $731.74M | $725.29M | $955.09M |
| Gross profit | $358.29M | $585.74M | $232.25M | $249.82M | $248.10M | $285.37M | $353.13M | $372.54M | $394.57M | $419.22M | $443.80M | $468.43M | $501.34M | $533.06M | $555.61M | $262.05M | $644.56M | $672.53M | $708.01M | $576.30M |
| Gross margin | 86.8% | 95.0% | 50.1% | 49.6% | 48.9% | 50.5% | 52.8% | 52.2% | 51.8% | 51.9% | 51.8% | 51.4% | 51.8% | 52.2% | 51.4% | 19.9% | 46.9% | 47.9% | 49.4% | 37.6% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $12.76M | $15.59M | $22.17M | $22.73M | $23.68M | $43.34M | $26.74M | $28.21M | $27.41M | $30.64M | $31.00M | $31.74M | $37.68M | $35.68M | $39.28M | $39.58M | $44.86M | $47.28M | $38.48M | $37.51M |
| Operating income | $188.95M | $231.87M | $134.24M | $146.81M | $143.23M | $127.12M | $170.91M | $215.80M | $234.41M | $254.68M | $277.39M | $297.74M | $310.63M | $326.50M | $340.96M | $382.93M | $349.70M | $373.09M | $415.94M | $517.87M |
| Operating margin | 45.8% | 37.6% | 29.0% | 29.2% | 28.2% | 22.5% | 25.5% | 30.3% | 30.8% | 31.5% | 32.4% | 32.6% | 32.1% | 32.0% | 31.6% | 29.1% | 25.4% | 26.6% | 29.0% | 33.8% |
| EBITDA | $352.80M | $304.45M | $209.65M | $226.47M | $221.65M | $253.21M | $336.54M | $306.18M | $362.06M | $369.21M | $408.45M | $432.13M | $465.13M | $545.37M | $496.55M | $572.42M | $622.44M | $660.63M | $731.57M | $607.68M |
| EBITDA margin | 85.5% | 49.4% | 45.2% | 45.0% | 43.7% | 44.8% | 50.3% | 42.9% | 47.6% | 45.7% | 47.7% | 47.4% | 48.0% | 53.4% | 46.0% | 43.5% | 45.3% | 47.0% | 51.0% | 39.7% |
| EBIT | $287.42M | $231.87M | $138.00M | $149.71M | $149.52M | $139.50M | $185.84M | $193.73M | $246.19M | $252.15M | $286.56M | $307.18M | $326.44M | $391.39M | $338.79M | $383.97M | $415.39M | $451.53M | $522.17M | $398.79M |
| Interest expense | $0.00 | $103.07M | $99.43M | $98.31M | $91.15M | $99.67M | $124.52M | $118.52M | $112.30M | $105.73M | $102.03M | $100.57M | $104.99M | $104.22M | $102.77M | $108.72M | $116.56M | $132.34M | $137.71M | $133.90M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% | 0.0% | 0.0% | 0.0% |
| Net income | $16.63M | $32.10M | $18.30M | $34.01M | $38.35M | $36.60M | $69.39M | $116.20M | $128.00M | $139.37M | $173.26M | $197.59M | $212.61M | $279.14M | $228.28M | $262.48M | $284.63M | $314.21M | $367.01M | $386.51M |
| Net income growth (YoY) | — | +93.0% | -43.0% | +85.8% | +12.8% | -4.6% | +89.6% | +67.5% | +10.2% | +8.9% | +24.3% | +14.0% | +7.6% | +31.3% | -18.2% | +15.0% | +8.4% | +10.4% | +16.8% | +5.3% |
| Profit margin | 4.0% | 5.2% | 3.9% | 6.8% | 7.6% | 6.5% | 10.4% | 16.3% | 16.8% | 17.3% | 20.2% | 21.7% | 22.0% | 27.4% | 21.1% | 20.0% | 20.7% | 22.4% | 25.6% | 25.2% |