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Equity Lifestyle Properties ELS Property Operations — Membership sales and marketing

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SUIReal Property Operations Segment — Operating expenses/Cost of sales
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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:SellingAndMarketingExpense.

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 operations — membership sales and marketing?
Equity Lifestyle Properties (ELS) reported property operations — membership sales and marketing of $3.84M in Q1 2026.
How has Equity Lifestyle Properties's property operations — membership sales and marketing changed year-over-year?
Equity Lifestyle Properties's property operations — membership sales and marketing decreased by 2.4% year-over-year, from $3.93M to $3.84M.
What is the long-term trend for Equity Lifestyle Properties's property operations — membership sales and marketing?
Over 4 years (2021 to 2025), Equity Lifestyle Properties's property operations — membership sales and marketing has grown at a -4.1% compound annual growth rate (CAGR), from $18.99M to $16.07M.
What does property operations — membership sales and marketing mean?
The total spending on marketing and sales efforts to attract new residents or members.
How do you interpret property operations — membership sales and marketing?
An increase may signal aggressive growth strategies or higher competition, while a decrease could indicate reduced marketing efficiency or lower growth targets.
How does property operations — membership sales and marketing compare across companies?
Commonly reported as 'Sales and Marketing Expense' in residential and hospitality REITs.