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Equity Lifestyle Properties ELS Home Sales and Rentals Operations — Rental income

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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:OperatingLeaseLeaseIncome.

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
Revenues:
Rental income (1)$3,897$3,540$7,691$6,933
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

Item 1. Financial Statements

FAQ

What is Equity Lifestyle Properties's home sales and rentals operations — rental income?
Equity Lifestyle Properties (ELS) reported home sales and rentals operations — rental income of $3.9M in Q2 2026.
How has Equity Lifestyle Properties's home sales and rentals operations — rental income changed year-over-year?
Equity Lifestyle Properties's home sales and rentals operations — rental income increased by 10.1% year-over-year, from $3.54M to $3.9M.
What is the long-term trend for Equity Lifestyle Properties's home sales and rentals operations — rental income?
Over 2 years (2023 to 2025), Equity Lifestyle Properties's home sales and rentals operations — rental income has grown at a -1.2% compound annual growth rate (CAGR), from $14.63M to $14.29M.
What does home sales and rentals operations — rental income mean?
This metric tracks the recurring revenue generated specifically from leasing manufactured homes or residential units to tenants. It is a key indicator of the stability and predictability of the segment's cash flow.

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