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Equity Lifestyle Properties ELS Property Operations — Capital improvements

Other segment segments

Home Sales and Rentals Operations
$8.26M+138%

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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:SegmentExpenditureAdditionToLongLivedAssets.

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)Property OperationsHome Salesand Rentals OperationsConsolidated
General and administrative(11,872)
Casualty-related (charges)/recoveries, net7,094
Other expenses(1,209)
Interest and related amortization(33,824)
Equity in income/(loss) of unconsolidated joint ventures668
Consolidated net income$99,518
Total assets$5,493,537$307,138$5,800,675
Capital improvements$55,911$8,263$64,174

Item 1. Financial Statements

FAQ

What is Equity Lifestyle Properties's property operations — capital improvements?
Equity Lifestyle Properties (ELS) reported property operations — capital improvements of $55.91M in Q2 2026.
How has Equity Lifestyle Properties's property operations — capital improvements changed year-over-year?
Equity Lifestyle Properties's property operations — capital improvements decreased by 0.1% year-over-year, from $55.98M to $55.91M.
What is the long-term trend for Equity Lifestyle Properties's property operations — capital improvements?
Over 4 years (2021 to 2025), Equity Lifestyle Properties's property operations — capital improvements has grown at a 3.2% compound annual growth rate (CAGR), from $193.9M to $219.61M.
What does property operations — capital improvements mean?
This tracks the investment made to maintain, upgrade, or enhance the physical quality of the properties. These expenditures are critical for sustaining long-term rental growth and asset value.

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