Equity Lifestyle Properties (ELS) Cost of Revenue (2009 - 2026)
Equity Lifestyle Properties' (ELS) quarterly Cost of Revenue came in at $18.7 million in Q1 2026, up 320.04% year-on-year from $4.4 million in Q1 2025, and up 133.6% on a QoQ basis from -$55.6 million in Q4 2025.
Equity Lifestyle Properties (ELS) Cost of Revenue (2009 - 2026) Analysis & Trends
Equity Lifestyle Properties (ELS) has 18 years of Cost of Revenue data on file, last reported at $18.7 million in Q1 2026.
- On a quarterly basis, Cost of Revenue rose 320.04% year-over-year to $18.7 million in Q1 2026; TTM through Mar 2026 was -$6.3 million, a 109.86% decrease from a year earlier, with the FY2025 full-year figure at $5.9 million, down 75.07% from the prior year.
- Cost of Revenue for Q1 2026 stood at $18.7 million, up from -$55.6 million in the prior quarter.
- Over the last five years, Cost of Revenue for ELS reached as high as $49.4 million in Q4 2022 and fell as low as -$55.6 million in Q4 2025.
- Historically, Cost of Revenue has averaged $13.7 million across 5 years, with a median of $18.9 million in 2024.
- Across the five-year window, Cost of Revenue jumped 555.54% in 2022 and slumped 394.62% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $49.4 million in 2022, then tumbled by 64.69% to $17.5 million in 2023, then increased by 8.02% to $18.9 million in 2024, then slumped by 394.62% to -$55.6 million in 2025, then surged by 133.6% to $18.7 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $18.7 million in Q1 2026, -$55.6 million in Q4 2025, and $20.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.28 Bn | 26.28 Bn | - | - |
| 2 | Equity Residential | 25.58 Bn | 25.58 Bn | - | - |
| 3 | Invitation Homes | 17.96 Bn | 17.96 Bn | 694.98 Mn | 39.13 Mn |
| 4 | Mid America Apartment Communities | 15.60 Bn | 15.46 Bn | 537.05 Mn | 18.51 Mn |
| 5 | Sun Communities | 14.85 Bn | 14.85 Bn | 491.20 Mn | 16.70 Mn |
| 6 | Udr | 12.92 Bn | 12.88 Bn | 416.43 Mn | 9.42 Mn |
| 7 | Equity Lifestyle Properties | 12.65 Bn | 12.65 Bn | 378.95 Mn | 18.67 Mn |
| 8 | American Homes 4 Rent | 12.18 Bn | 12.18 Bn | - | 25.59 Mn |
| 9 | Camden Property Trust | 11.83 Bn | 11.83 Bn | - | - |
| 10 | Millrose Properties | 4.72 Bn | 4.67 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.67 Mn |
| Mar 31, 2026 | 18.67 Mn |
| Dec 31, 2025 | -55.57 Mn |
| Dec 31, 2025 | -55.57 Mn |
| Sep 30, 2025 | 20.28 Mn |
| Sep 30, 2025 | 20.28 Mn |
| Jun 30, 2025 | 10.30 Mn |
| Jun 30, 2025 | 10.30 Mn |
| Mar 31, 2025 | 4.45 Mn |
| Mar 31, 2025 | 4.45 Mn |
| Dec 31, 2024 | 18.86 Mn |
| Dec 31, 2024 | 18.86 Mn |
| Sep 30, 2024 | 20.17 Mn |
| Sep 30, 2024 | 20.17 Mn |
| Jun 30, 2024 | 20.64 Mn |
| Jun 30, 2024 | 20.64 Mn |
| Mar 31, 2024 | 5.49 Mn |
| Mar 31, 2024 | 5.49 Mn |
| Dec 31, 2023 | 17.46 Mn |
| Dec 31, 2023 | 17.46 Mn |