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 | 26.48 Bn | 26.48 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 205.74 Mn |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 484.40 Mn |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 353.46 Mn |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 285.25 Mn |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | 401.95 Mn |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.76 Bn | 4.76 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 |