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
DateValue
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%