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Equity Lifestyle Properties ELS Property Operations — Payroll

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$297K+4.2%

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:PayrollExpenses.

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
Total property operations revenues376,245358,381757,191727,467
Expenses:
Utility expense41,68139,18282,86479,451
Payroll32,93631,81561,37660,086
Repairs and maintenance30,84929,49555,27452,384
Insurance and other25,37326,05051,01252,039
Real estate taxes21,82621,84543,92643,488
Membership sales and marketing4,5514,0628,3887,993

Item 1. Financial Statements

FAQ

What is Equity Lifestyle Properties's property operations — payroll?
Equity Lifestyle Properties (ELS) reported property operations — payroll of $32.94M in Q2 2026.
How has Equity Lifestyle Properties's property operations — payroll changed year-over-year?
Equity Lifestyle Properties's property operations — payroll increased by 3.5% year-over-year, from $31.82M to $32.94M.
What is the long-term trend for Equity Lifestyle Properties's property operations — payroll?
Over 3 years (2022 to 2025), Equity Lifestyle Properties's property operations — payroll has grown at a 0.8% compound annual growth rate (CAGR), from $117.86M to $120.72M.
What does property operations — payroll mean?
This captures the compensation and benefits paid to on-site staff and property management personnel. It is a primary driver of operating expenses and reflects the labor intensity of the portfolio.

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