Equity Lifestyle Properties (ELS) Operating Expenses (2009 - 2026)

Equity Lifestyle Properties' (ELS) quarterly Operating Expenses came in at $285.3 million in Q1 2026, up 2.67% year-on-year from $277.8 million in Q1 2025, and up 3.78% on a QoQ basis from $274.9 million in Q4 2025.

Equity Lifestyle Properties (ELS) Operating Expenses (2009 - 2026) Analysis & Trends

Equity Lifestyle Properties (ELS) has 18 years of Operating Expenses data on file, last reported at $285.3 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 2.67% year-over-year to $285.3 million in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 0.37% change from a year earlier, with the FY2025 full-year figure at $1.1 billion, changed 0.48% from the prior year.
  • Operating Expenses for Q1 2026 stood at $285.3 million, up from $274.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for ELS reached as high as $308.2 million in Q3 2022 and fell as low as $268.1 million in Q4 2022.
  • Historically, Operating Expenses has averaged $287.7 million across 5 years, with a median of $285.3 million in 2026.
  • Across the five-year window, Operating Expenses gained 16.07% in 2022 and slipped 3.48% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $268.1 million in 2022, then grew by 2.65% to $275.3 million in 2023, then dropped by 1.56% to $271.0 million in 2024, then rose by 1.44% to $274.9 million in 2025, then rose by 3.78% to $285.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $285.3 million in Q1 2026, $274.9 million in Q4 2025, and $294.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Avalonbay Communities 26.63 Bn 26.85 Bn - 623.23 Mn
2 Equity Residential 25.81 Bn 26.00 Bn - -1.66 Bn
3 Invitation Homes 17.83 Bn 17.87 Bn 694.98 Mn 654.71 Mn
4 Mid America Apartment Communities 15.53 Bn 15.53 Bn 537.05 Mn 205.74 Mn
5 Sun Communities 14.72 Bn 14.83 Bn 491.20 Mn 484.40 Mn
6 Udr 12.95 Bn 12.92 Bn 416.43 Mn 353.46 Mn
7 Equity Lifestyle Properties 12.81 Bn 12.87 Bn 378.95 Mn 285.25 Mn
8 American Homes 4 Rent 12.07 Bn 12.74 Bn - 401.95 Mn
9 Camden Property Trust 11.83 Bn 11.90 Bn - 140.07 Mn
10 Millrose Properties 4.70 Bn 4.70 Bn - 28.85 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 285.25 Mn
Dec 31, 2025 274.86 Mn
Sep 30, 2025 294.69 Mn
Jun 30, 2025 292.64 Mn
Mar 31, 2025 277.84 Mn
Dec 31, 2024 270.96 Mn
Sep 30, 2024 304.47 Mn
Jun 30, 2024 298.47 Mn
Mar 31, 2024 271.58 Mn
Dec 31, 2023 275.26 Mn
Sep 30, 2023 307.78 Mn
Jun 30, 2023 304.94 Mn
Mar 31, 2023 281.39 Mn
Dec 31, 2022 268.15 Mn
Sep 30, 2022 308.18 Mn
Jun 30, 2022 301.97 Mn
Mar 31, 2022 273.31 Mn
Dec 31, 2021 267.59 Mn
Sep 30, 2021 273.99 Mn
Jun 30, 2021 267.09 Mn