Equity Lifestyle Properties (ELS) Gross Margin (2009 - 2026)
Equity Lifestyle Properties (ELS) posted quarterly Gross Margin of 94.51% for Q2 2026, up 1.0% year-over-year from 93.57% in Q2 2025, and down 0.83% quarter-over-quarter from 95.3% in Q1 2026.
Equity Lifestyle Properties (ELS) Gross Margin (2009 - 2026) Analysis & Trends
Equity Lifestyle Properties (ELS) has reported Gross Margin for 18 consecutive years, with 94.51% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 1.0% year-over-year to 94.51%; the TTM figure through Jun 2026 stood at 94.87% (down 12.0% YoY), while the FY2025 annual figure was 94.72%, up 28.0% from the prior year.
- Gross Margin slipped to 94.51% in Q2 2026 per ELS's latest filing, from 95.3% in the prior quarter.
- Across five years, Gross Margin topped out at 96.48% in Q4 2024 and bottomed at 88.78% in Q2 2022.
- Historically, Gross Margin has averaged 93.3% across 5 years, with a median of 94.13% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 232 bps — and 2023, when it surged 331 bps.
- Equity Lifestyle Properties' Gross Margin stood at 92.04% in 2022, then rose by 2 bps to 93.96% in 2023, then gained by 3 bps to 96.48% in 2024, then retreated by 2 bps to 94.82% in 2025, then retreated by 0 bps to 94.51% in 2026.
- Business Quant data shows ELS's Gross Margin at 94.51% in Q2 2026, 95.3% in Q1 2026, and 94.82% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | - |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | - |
| 3 | Invitation Homes | 17.95 Bn | 17.95 Bn | 705.34 Mn | 94.35% |
| 4 | Mid America Apartment Communities | 15.37 Bn | 15.25 Bn | 537.17 Mn | 96.77% |
| 5 | Sun Communities | 14.95 Bn | 14.95 Bn | 460.10 Mn | 94.94% |
| 6 | Equity Lifestyle Properties | 12.69 Bn | 12.69 Bn | 375.97 Mn | 94.51% |
| 7 | American Homes 4 Rent | 12.40 Bn | 12.40 Bn | - | - |
| 8 | Udr | 12.18 Bn | 12.18 Bn | 412.43 Mn | 96.95% |
| 9 | Camden Property Trust | 11.06 Bn | 11.06 Bn | - | - |
| 10 | Millrose Properties | 5.09 Bn | 5.09 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 94.51% |
| Mar 31, 2026 | 95.30% |
| Dec 31, 2025 | 94.82% |
| Sep 30, 2025 | 94.84% |
| Jun 30, 2025 | 94.50% |
| Mar 31, 2025 | 94.73% |
| Dec 31, 2024 | 96.48% |
| Sep 30, 2024 | 94.31% |
| Jun 30, 2024 | 92.72% |
| Mar 31, 2024 | 94.32% |
| Dec 31, 2023 | 93.96% |
| Sep 30, 2023 | 91.39% |
| Jun 30, 2023 | 92.09% |
| Mar 31, 2023 | 93.74% |
| Dec 31, 2022 | 92.04% |
| Sep 30, 2022 | 89.44% |
| Jun 30, 2022 | 88.78% |
| Mar 31, 2022 | 91.48% |
| Dec 31, 2021 | 89.54% |
| Sep 30, 2021 | 89.97% |