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Equity Lifestyle Properties ELS Property Operations — Operating Costs and Expenses

Other segment segments

Home Sales and Rentals Operations
$13.46M+3.3%

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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:OperatingCostsAndExpenses.

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
Operations revenues$376,245$14,181$390,426
Operations expenses(191,551)(13,459)(205,010)
NOI184,694722185,416
Reconciliation to consolidated net income:
Depreciation and amortization(53,637)
Gain/(Loss) on sale of real estate and impairment, net(507)
Interest income1,580
Income from other investments, net5,809

Item 1. Financial Statements

FAQ

What is Equity Lifestyle Properties's property operations — operating costs and expenses?
Equity Lifestyle Properties (ELS) reported property operations — operating costs and expenses of $191.55M in Q2 2026.
How has Equity Lifestyle Properties's property operations — operating costs and expenses changed year-over-year?
Equity Lifestyle Properties's property operations — operating costs and expenses increased by 3.6% year-over-year, from $184.92M to $191.55M.
What is the long-term trend for Equity Lifestyle Properties's property operations — operating costs and expenses?
Over 4 years (2021 to 2025), Equity Lifestyle Properties's property operations — operating costs and expenses has grown at a 6.6% compound annual growth rate (CAGR), from $550.57M to $711.64M.
What does property operations — operating costs and expenses mean?
This captures the aggregate cash outflows required to maintain, staff, and operate the property portfolio, excluding non-cash items like depreciation. It reflects the operational efficiency and cost management discipline of the property management team.

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