Equity Lifestyle Properties (ELS) Operating Expenses (2009 - 2026)
Equity Lifestyle Properties (ELS) reported Operating Expenses of $285.3 million for Q1 2026, up 2.67% year-over-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) has 18 years of Operating Expenses data on file, last reported at $285.3 million in Q1 2026.
- Quarterly Operating Expenses rose 2.67% year-over-year to $285.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (changed 0.37% YoY) and the FY2025 annual result came in at $1.1 billion, changed 0.48% from the prior year.
- Operating Expenses advanced to $285.3 million in Q1 2026 per ELS's latest filing, from $274.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $308.2 million in Q3 2022 and bottomed at $268.1 million in Q4 2022.
- The 5-year median for Operating Expenses is $285.3 million (2026), against an average of $287.7 million.
- The widest annual swing landed in 2022, when Operating Expenses gained 16.07%; it then slipped 3.48% in 2024.
- Tracing ELS's Operating Expenses over 5 years: stood at $268.1 million in 2022, then increased by 2.65% to $275.3 million in 2023, then declined by 1.56% to $271.0 million in 2024, then gained by 1.44% to $274.9 million in 2025, then gained by 3.78% to $285.3 million in 2026.
- Per Business Quant, the three latest ELS Operating Expenses figures stand at $285.3 million (Q1 2026), $274.9 million (Q4 2025), and $294.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | 484.40 Mn |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | 205.74 Mn |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | 384.36 Mn |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | 353.46 Mn |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | 285.25 Mn |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.59 Bn | 4.59 Bn | - | 28.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 235.47 Mn |
| Dec 31, 2020 | 234.04 Mn |
| Sep 30, 2020 | 232.49 Mn |
| Jun 30, 2020 | 206.30 Mn |
| Mar 31, 2020 | 209.96 Mn |
| Dec 31, 2019 | 200.99 Mn |
| Sep 30, 2019 | 206.50 Mn |
| Jun 30, 2019 | 202.51 Mn |
| Mar 31, 2019 | 192.60 Mn |
| Dec 31, 2018 | 191.41 Mn |
| Sep 30, 2018 | 197.80 Mn |
| Jun 30, 2018 | 192.95 Mn |
| Mar 31, 2018 | 183.04 Mn |
| Dec 31, 2017 | 182.90 Mn |
| Sep 30, 2017 | 187.45 Mn |
| Jun 30, 2017 | 177.89 Mn |
| Mar 31, 2017 | 170.46 Mn |
| Dec 31, 2016 | 172.12 Mn |
| Sep 30, 2016 | 179.90 Mn |
| Jun 30, 2016 | 170.04 Mn |
| Mar 31, 2016 | 163.84 Mn |
| Dec 31, 2015 | 162.33 Mn |
| Sep 30, 2015 | 169.92 Mn |
| Jun 30, 2015 | 165.49 Mn |
| Mar 31, 2015 | 177.49 Mn |
| Dec 31, 2014 | 157.34 Mn |
| Sep 30, 2014 | 172.67 Mn |
| Jun 30, 2014 | 159.63 Mn |
| Mar 31, 2014 | 154.74 Mn |
| Dec 31, 2013 | 152.15 Mn |
| Sep 30, 2013 | 195.04 Mn |
| Jun 30, 2013 | 158.74 Mn |
| Mar 31, 2013 | 147.91 Mn |
| Dec 31, 2012 | 144.75 Mn |
| Sep 30, 2012 | 156.55 Mn |
| Jun 30, 2012 | 162.93 Mn |
| Mar 31, 2012 | 164.40 Mn |
| Dec 31, 2011 | 147.18 Mn |
| Sep 30, 2011 | 162.95 Mn |
| Jun 30, 2011 | 116.58 Mn |
| Mar 31, 2011 | 110.30 Mn |
| Dec 31, 2010 | 116.83 Mn |
| Sep 30, 2010 | 117.20 Mn |
| Jun 30, 2010 | 113.38 Mn |
| Mar 31, 2010 | 111.29 Mn |
| Dec 31, 2009 | 108.78 Mn |
| Sep 30, 2009 | 118.95 Mn |
| Jun 30, 2009 | 114.65 Mn |