Equity Lifestyle Properties (ELS) Gross Margin (2009 - 2026)

Equity Lifestyle Properties (ELS) reported Gross Margin of 99.04% for Q1 2026, up 5.0% year-over-year from 94.32% in Q1 2025, and little changed quarter-over-quarter from 98.96% 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 99.04% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 99.04%, up 5.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 98.96% (up 32.0% YoY), and the FY2025 annual result was 98.95%, up 40.0% from the prior year.
  • Gross Margin held at 99.04% in Q1 2026 per ELS's latest filing, from 98.96% in the prior quarter.
  • Over five years, Gross Margin peaked at 99.04% in Q1 2026 and troughed at 98.33% in Q3 2024.
  • A 5-year average of 98.7% and a median of 98.65% in 2022 frame the typical range for Gross Margin.
  • On a YoY basis, Gross Margin climbed as much as 83 bps in 2022 and fell as far as 144 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 98.65% in 2022, then fell by 0 bps to 98.64% in 2023, then advanced by 0 bps to 98.87% in 2024, then increased by 0 bps to 98.96% in 2025, then grew by 0 bps to 99.04% in 2026.
  • Business Quant data shows ELS's Gross Margin at 99.04% in Q1 2026, 98.96% in Q4 2025, and 98.93% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Avalonbay Communities 24.79 Bn 25.01 Bn - -
2 Equity Residential 24.35 Bn 24.48 Bn - -
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 94.67%
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 96.67%
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 96.71%
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - -
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 97.79%
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 99.04%
9 Camden Property Trust 11.45 Bn 11.53 Bn - -
10 Millrose Properties 4.75 Bn 4.75 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 99.04%
Dec 31, 2025 98.96%
Sep 30, 2025 98.93%
Jun 30, 2025 98.92%
Mar 31, 2025 98.99%
Dec 31, 2024 98.87%
Sep 30, 2024 98.33%
Jun 30, 2024 98.39%
Mar 31, 2024 98.63%
Dec 31, 2023 98.64%
Sep 30, 2023 98.54%
Jun 30, 2023 98.51%
Mar 31, 2023 98.69%
Dec 31, 2022 98.65%
Sep 30, 2022 98.44%
Jun 30, 2022 98.51%
Mar 31, 2022 98.80%
Dec 31, 2021 100.10%
Sep 30, 2021 98.12%
Jun 30, 2021 98.09%