Equity Lifestyle Properties (ELS) Gross Margin (2009 - 2026)
Equity Lifestyle Properties' (ELS) quarterly Gross Margin came in at 95.3% in Q1 2026, down 355.0% year-on-year from 37.37% in Q1 2025, and down 17.03% on a QoQ basis from 114.86% in Q4 2025.
Equity Lifestyle Properties (ELS) Gross Margin (2009 - 2026) Analysis & Trends
Equity Lifestyle Properties (ELS) has 18 years of Gross Margin data on file, last reported at 95.3% in Q1 2026.
- On a quarterly basis, Gross Margin fell 355.0% year-over-year to 95.3% in Q1 2026; TTM through Mar 2026 was 100.41%, a 461.0% increase from a year earlier, with the FY2025 full-year figure at 99.62%, up 116.0% from the prior year.
- Gross Margin for Q1 2026 stood at 95.3%, down from 114.86% in the prior quarter.
- Over the last five years, Gross Margin for ELS reached as high as 114.86% in Q4 2025 and fell as low as 85.48% in Q4 2022.
- Historically, Gross Margin has averaged 96.3% across 5 years, with a median of 94.93% in 2024.
- Across the five-year window, Gross Margin slumped 568 bps in 2022 and surged 1993 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 85.48% in 2022, then grew by 11 bps to 95.16% in 2023, then declined by 0 bps to 94.93% in 2024, then rose by 21 bps to 114.86% in 2025, then fell by 17 bps to 95.3% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 95.3% in Q1 2026, 114.86% in Q4 2025, and 94.84% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | - |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | - |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 94.67% |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 96.67% |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 96.71% |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 97.79% |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 95.30% |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | - |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | - |
| 10 | Millrose Properties | 4.76 Bn | 4.76 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 95.30% |
| Dec 31, 2025 | 114.86% |
| Sep 30, 2025 | 94.84% |
| Jun 30, 2025 | 97.27% |
| Mar 31, 2025 | 98.85% |
| Dec 31, 2024 | 94.93% |
| Sep 30, 2024 | 94.79% |
| Jun 30, 2024 | 94.57% |
| Mar 31, 2024 | 98.58% |
| Dec 31, 2023 | 95.16% |
| Sep 30, 2023 | 94.89% |
| Jun 30, 2023 | 94.77% |
| Mar 31, 2023 | 94.74% |
| Dec 31, 2022 | 85.48% |
| Sep 30, 2022 | 97.44% |
| Jun 30, 2022 | 97.50% |
| Mar 31, 2022 | 93.07% |
| Dec 31, 2021 | 91.07% |
| Sep 30, 2021 | 97.47% |
| Jun 30, 2021 | 94.98% |