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
DateValue
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