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% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $285.3 million, up 2.67% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (changed 0.37% YoY), and the FY2025 annual result was $1.1 billion, changed 0.48% from the prior year.
  • Operating Expenses grew to $285.3 million in Q1 2026 per ELS's latest filing, from $274.9 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 $287.7 million and a median of $285.3 million in 2026 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses climbed 16.07% in 2022, then declined 3.48% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $268.1 million in 2022, then gained by 2.65% to $275.3 million in 2023, then retreated by 1.56% to $271.0 million in 2024, then climbed by 1.44% to $274.9 million in 2025, then climbed by 3.78% to $285.3 million in 2026.
  • Business Quant data shows ELS's Operating Expenses at $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 24.79 Bn 25.01 Bn - 623.23 Mn
2 Equity Residential 24.35 Bn 24.48 Bn - -1.66 Bn
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 654.71 Mn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 205.74 Mn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 484.40 Mn
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - 384.36 Mn
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 353.46 Mn
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 285.25 Mn
9 Camden Property Trust 11.45 Bn 11.53 Bn - 140.07 Mn
10 Millrose Properties 4.75 Bn 4.75 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