Equity Lifestyle Properties (ELS) Operating Expenses (2009 - 2026)
Equity Lifestyle Properties (ELS) posted quarterly Operating Expenses of $298.5 million for 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.
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.
- In Q2 2026, Operating Expenses rose 1.99% year-over-year to $298.5 million; the TTM figure through Jun 2026 stood at $1.2 billion (up 0.64% YoY), while the FY2025 annual figure was $1.1 billion, changed 0.48% from the prior year.
- Operating Expenses advanced to $298.5 million in Q2 2026 per ELS's latest filing, from $285.3 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.
- Historically, Operating Expenses has averaged $288.3 million across 5 years, with a median of $288.9 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses climbed 16.07% — and 2024, when it declined 3.48%.
- Equity Lifestyle Properties' Operating Expenses stood at $268.1 million in 2022, then advanced by 2.65% to $275.3 million in 2023, then decreased by 1.56% to $271.0 million in 2024, then grew by 1.44% to $274.9 million in 2025, then increased by 8.59% to $298.5 million in 2026.
- Business Quant data shows ELS's Operating Expenses at $298.5 million in Q2 2026, $285.3 million in Q1 2026, and $274.9 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 636.04 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 566.18 Mn |
| 3 | Invitation Homes | 17.83 Bn | 17.83 Bn | 705.34 Mn | 657.51 Mn |
| 4 | Mid America Apartment Communities | 15.26 Bn | 15.13 Bn | 537.17 Mn | 218.72 Mn |
| 5 | Sun Communities | 14.86 Bn | 14.86 Bn | 460.10 Mn | 434.40 Mn |
| 6 | Equity Lifestyle Properties | 12.59 Bn | 12.59 Bn | 375.97 Mn | 298.46 Mn |
| 7 | American Homes 4 Rent | 12.37 Bn | 12.37 Bn | - | 397.77 Mn |
| 8 | Udr | 12.15 Bn | 12.15 Bn | 412.43 Mn | 345.25 Mn |
| 9 | Camden Property Trust | 10.99 Bn | 10.99 Bn | - | 140.94 Mn |
| 10 | Millrose Properties | 5.06 Bn | 5.06 Bn | - | 29.22 Mn |
Historic Data
Download 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 |