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Equity Lifestyle Properties ELS Property management — Cost of ancillary services

Other product segments

Home sales and brokered resales
$9.37M+1.4%
Gross revenues from ancillary services
$4.23M-4.9%

Similar metrics at other companies

American Homes 4 Rent logo
AMHProperty management expenses — Cost of goods and services sold
$33.28M-2.6%
American Homes 4 Rent logo
AMHProperty operating expenses — Cost of goods and services sold
$168.71M+0.7%
Equity Residential logo
EQRProperty Management — Cost Of Property Repairs And Maintenance
$23.48M+8.8%
Camden Property Trust logo
CPTAsset Management1 — Cost of Goods Sold
$1.18M+22.7%
Camden Property Trust logo
CPTManagement Service — Cost of Goods Sold
$6.66M+0.3%
Public Storage logo
PSAOther direct property costs — Direct Costs of Leased and Rented Property or Equipment
$32.18M+4.9%

Other financials

Income statement

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Revenue$397.6M+2.7%
Operating income$112.4M+2.6%
Net income$111.5M-2.5%
EPS (diluted)$0.56-1.8%

Balance sheet

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Cash & equivalents$39.2M-17.4%
Total debt$24.0M-11.6%
Total equity$1.8B+0.7%
Total assets$5.7B+1.9%

Cash flow

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Operating cash flow$194.2M+0.4%
CapEx$45.3M+0.2%
Free cash flow$148.9M+0.5%

Valuation

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Market cap$12.06B-5.1%
P/E30.2×-2.9×
P/S7.8×-0.5×

Profitability

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Operating margin25.6%+1.0pp
Net margin25.9%+0.7pp
FCF margin21.7%-1.8pp

Returns & leverage

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Return on equity22.7%-1.3pp
Debt / equity0.0×

Where this comes from

Reported directly by Equity Lifestyle Properties in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Equity Lifestyle Properties’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equity Lifestyle Properties's property management — cost of ancillary services?
Equity Lifestyle Properties (ELS) reported property management — cost of ancillary services of $18.67M in Q1 2026.
How has Equity Lifestyle Properties's property management — cost of ancillary services changed year-over-year?
Equity Lifestyle Properties's property management — cost of ancillary services decreased by 8.6% year-over-year, from $20.43M to $18.67M.
What is the long-term trend for Equity Lifestyle Properties's property management — cost of ancillary services?
Over 4 years (2021 to 2025), Equity Lifestyle Properties's property management — cost of ancillary services has grown at a 5.2% compound annual growth rate (CAGR), from $65.98M to $80.78M.
What does property management — cost of ancillary services mean?
The total operating expenses required to deliver additional services and amenities beyond standard property leasing.
How do you interpret property management — cost of ancillary services?
An increase in these costs relative to ancillary revenue may indicate declining operational efficiency or rising labor and supply costs, while a decrease may signal improved cost management or reduced service offerings.
How does property management — cost of ancillary services compare across companies?
Peers in the residential and hospitality REIT sectors typically report similar figures under 'operating expenses' or 'cost of services,' often benchmarked as a percentage of ancillary revenue to assess margin health.