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Equity Lifestyle Properties ELS Home Sales and Rentals Operations — Home selling expenses

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Other financials

Income statement

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Revenue$397.8M+5.6%
Operating income$99.4M+18.0%
Net income$99.5M+19.2%
EPS (diluted)$0.50+19.0%

Balance sheet

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Cash & equivalents$35.6M+7.9%
Total debt$24.0M-11.4%
Total equity$1.8B+1.6%
Total assets$5.8B+1.4%

Cash flow

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Operating cash flow$147.9M+12.7%
CapEx$64.2M+7.9%
Free cash flow$83.8M+16.6%

Valuation

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Market cap$12.61B+6.1%
P/E30.4×-0.5×
P/S8.1×+0.3×

Profitability

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Operating margin26.2%+1.4pp
Net margin26.6%+1.3pp
FCF margin22.2%-0.8pp

Returns & leverage

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Return on equity23.8%-0.5pp
Debt / equity0.0×

Where this comes from

Reported directly by Equity Lifestyle Properties in its filing.

Tagged under the XBRL concept us-gaap:SellingExpense.

The source filing: Equity Lifestyle Properties’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 5:24 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050244
(amounts in thousands)Quarters Ended June 30, 2026Quarters Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Gross revenues from home sales and brokered resales10,28410,65919,20121,258
Total revenues14,18114,19926,89228,191
Expenses:
Rental home operating and maintenance1,4281,3032,7812,451
Cost of home sales and brokered resales10,18510,29919,55719,546
Home selling expenses1,8461,4213,4162,725
Total expenses13,45913,02325,75424,722
NOI$722$1,176$1,138$3,469

Item 1. Financial Statements

FAQ

What is Equity Lifestyle Properties's home sales and rentals operations — home selling expenses?
Equity Lifestyle Properties (ELS) reported home sales and rentals operations — home selling expenses of $1.85M in Q2 2026.
How has Equity Lifestyle Properties's home sales and rentals operations — home selling expenses changed year-over-year?
Equity Lifestyle Properties's home sales and rentals operations — home selling expenses increased by 29.9% year-over-year, from $1.42M to $1.85M.
What is the long-term trend for Equity Lifestyle Properties's home sales and rentals operations — home selling expenses?
Over 4 years (2021 to 2025), Equity Lifestyle Properties's home sales and rentals operations — home selling expenses has grown at a 3.4% compound annual growth rate (CAGR), from $5.14M to $5.86M.
What does home sales and rentals operations — home selling expenses mean?
This metric includes costs directly attributable to the marketing, sales commissions, and closing processes for manufactured home sales. It reflects the cost of customer acquisition and transaction execution within the segment.

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