Equity Lifestyle Properties (ELS) Net Margin (2009 - 2026)
Equity Lifestyle Properties (ELS) posted quarterly Net Margin of 24.21% for Q2 2026, up 306.0% year-over-year from 5.96% in Q2 2025, and down 10.78% quarter-over-quarter from 27.14% in Q1 2026.
Equity Lifestyle Properties (ELS) Net Margin (2009 - 2026) Analysis & Trends
Equity Lifestyle Properties (ELS) has reported Net Margin for 18 consecutive years, with 24.21% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 306.0% year-over-year to 24.21%; the TTM figure through Jun 2026 stood at 25.71% (up 158.0% YoY), while the FY2025 annual figure was 25.24%, up 119.0% from the prior year.
- Net Margin slipped to 24.21% in Q2 2026 per ELS's latest filing, from 27.14% in the prior quarter.
- Across five years, Net Margin topped out at 28.43% in Q1 2024 and bottomed at 16.84% in Q2 2022.
- Historically, Net Margin has averaged 22.89% across 5 years, with a median of 22.64% in 2022.
- Annual changes were most pronounced in 2022 — Net Margin plunged 271 bps — and 2024, when it surged 617 bps.
- Equity Lifestyle Properties' Net Margin stood at 21.44% in 2022, then advanced by 19 bps to 25.49% in 2023, then gained by 1 bps to 25.78% in 2024, then rose by 4 bps to 26.87% in 2025, then slipped by 10 bps to 24.21% in 2026.
- Business Quant data shows ELS's Net Margin at 24.21% in Q2 2026, 27.14% in Q1 2026, and 26.87% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 20.17% |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | - |
| 3 | Invitation Homes | 17.95 Bn | 17.95 Bn | 705.34 Mn | 29.18% |
| 4 | Mid America Apartment Communities | 15.37 Bn | 15.25 Bn | 537.17 Mn | 21.77% |
| 5 | Sun Communities | 14.95 Bn | 14.95 Bn | 460.10 Mn | -204.85% |
| 6 | Equity Lifestyle Properties | 12.69 Bn | 12.69 Bn | 375.97 Mn | 24.21% |
| 7 | American Homes 4 Rent | 12.40 Bn | 12.40 Bn | - | - |
| 8 | Udr | 12.18 Bn | 12.18 Bn | 412.43 Mn | 15.94% |
| 9 | Camden Property Trust | 11.06 Bn | 11.06 Bn | - | 661.32% |
| 10 | Millrose Properties | 5.09 Bn | 5.09 Bn | - | 63.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.21% |
| Mar 31, 2026 | 27.14% |
| Dec 31, 2025 | 26.87% |
| Sep 30, 2025 | 24.70% |
| Jun 30, 2025 | 21.15% |
| Mar 31, 2025 | 28.19% |
| Dec 31, 2024 | 25.78% |
| Sep 30, 2024 | 21.39% |
| Jun 30, 2024 | 20.60% |
| Mar 31, 2024 | 28.43% |
| Dec 31, 2023 | 25.49% |
| Sep 30, 2023 | 19.80% |
| Jun 30, 2023 | 17.00% |
| Mar 31, 2023 | 22.27% |
| Dec 31, 2022 | 21.44% |
| Sep 30, 2022 | 17.63% |
| Jun 30, 2022 | 16.84% |
| Mar 31, 2022 | 23.02% |
| Dec 31, 2021 | 19.55% |
| Sep 30, 2021 | 20.34% |