Equity Lifestyle Properties (ELS) Operating Expenses (2009 - 2026)
Equity Lifestyle Properties' (ELS) quarterly Operating Expenses came in at $298.5 million in Q2 2026, up 1.99% year-over-year from $292.6 million in Q2 2025, and up 4.63% quarter-over-quarter from $285.3 million in Q1 2026.
Analysis
Equity Lifestyle Properties (ELS) Operating Expenses (2009 - 2026) Analysis & Trends
Equity Lifestyle Properties (ELS) has reported Operating Expenses for 18 consecutive years, with $298.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 1.99% year-over-year to $298.5 million in Q2 2026; TTM through Jun 2026 was $1.2 billion, a 0.64% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, changed 0.48% from the prior year.
- Operating Expenses was $298.5 million for Q2 2026 at Equity Lifestyle Properties, up from $285.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $308.2 million in Q3 2022 and troughed at $268.1 million in Q4 2022.
- A 5-year average of $288.3 million and a median of $288.9 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses advanced 16.07% in 2022 and dropped 3.48% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $268.1 million in 2022, then rose by 2.65% to $275.3 million in 2023, then fell by 1.56% to $271.0 million in 2024, then advanced by 1.44% to $274.9 million in 2025, then climbed by 8.59% to $298.5 million in 2026.
- The last three Operating Expenses figures came in at $298.5 million (Q2 2026), $285.3 million (Q1 2026), and $274.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.37 Bn | 24.37 Bn | - | 566.18 Mn |
| 2 | Invitation Homes | 16.34 Bn | 16.34 Bn | 705.34 Mn | 657.51 Mn |
| 3 | Mid America Apartment Communities | 14.46 Bn | 14.33 Bn | 537.17 Mn | 218.72 Mn |
| 4 | Sun Communities | 14.11 Bn | 14.11 Bn | 460.10 Mn | 434.40 Mn |
| 5 | Equity Lifestyle Properties | 11.69 Bn | 11.69 Bn | 375.97 Mn | 298.46 Mn |
| 6 | American Homes 4 Rent | 11.38 Bn | 11.38 Bn | - | 397.77 Mn |
| 7 | Udr | 11.36 Bn | 11.36 Bn | 412.43 Mn | 345.25 Mn |
| 8 | Camden Property Trust | 10.49 Bn | 10.49 Bn | - | 140.94 Mn |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | 636.04 Mn |
| 10 | Independence Realty Trust | 3.59 Bn | 3.59 Bn | - | 141.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 298.46 Mn |
| 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 |