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Equity Lifestyle Properties ELS Property Operations — Ancillary operating expenses

Similar metrics at other companies

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PSAAncillary operations — Operating Income (Loss)
$56.65M+15.3%
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PSAAncillary Operations — Revenue
$92.93M+12.7%
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PSAAncillary operations — Revenue
$92.93M+12.7%
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EXRSelf-Storage Operations — Property operating expense
$41.11M+10.0%
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PSAAncillary operations — Other Cost of Operating Revenue
$36.29M+9.0%
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PSAAncillary operations — Net Income
$601.02M+0.2%

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 els:AncillaryOperatingExpenses.

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
Insurance and other25,37326,05051,01252,039
Real estate taxes21,82621,84543,92643,488
Membership sales and marketing4,5514,0628,3887,993
Cost of ancillary services6,7186,17710,94610,622
Ancillary operating expenses5,7725,56711,02510,431
Property management21,84520,72340,51641,153
Total property operations expenses191,551184,916365,327357,647
NOI$184,694$173,465$391,864$369,820

Item 1. Financial Statements

FAQ

What is Equity Lifestyle Properties's property operations — ancillary operating expenses?
Equity Lifestyle Properties (ELS) reported property operations — ancillary operating expenses of $5.77M in Q2 2026.
How has Equity Lifestyle Properties's property operations — ancillary operating expenses changed year-over-year?
Equity Lifestyle Properties's property operations — ancillary operating expenses increased by 3.7% year-over-year, from $5.57M to $5.77M.
What is the long-term trend for Equity Lifestyle Properties's property operations — ancillary operating expenses?
Over 4 years (2021 to 2025), Equity Lifestyle Properties's property operations — ancillary operating expenses has grown at a 2.9% compound annual growth rate (CAGR), from $18.4M to $20.65M.
What does property operations — ancillary operating expenses mean?
This metric encompasses the costs related to secondary revenue streams within the property operations segment, such as utility sub-metering, storage, or other value-added services. It reflects the operational cost of providing non-core services to residents. Tracking this helps evaluate the profitability of ancillary service offerings.

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