Equity Lifestyle Properties (ELS) Operating Income (2009 - 2026)
Equity Lifestyle Properties (ELS) reported Operating Income of $112.4 million for Q1 2026, up 2.63% year-over-year from $109.5 million in Q1 2025, and up 13.49% quarter-over-quarter from $99.0 million in Q4 2025.
Equity Lifestyle Properties (ELS) Operating Income (2009 - 2026) Analysis & Trends
Equity Lifestyle Properties (ELS) has 18 years of Operating Income data on file, last reported at $112.4 million in Q1 2026.
- Operating Income for Q1 2026 came in at $112.4 million, up 2.63% year-over-year; the trailing twelve-month figure through Mar 2026 was $394.2 million (up 5.07% YoY), and the FY2025 annual result was $391.3 million, up 2.8% from the prior year.
- Operating Income improved to $112.4 million in Q1 2026 per ELS's latest filing, from $99.0 million in the prior quarter.
- Over five years, Operating Income peaked at $115.0 million in Q1 2024 and troughed at $57.9 million in Q2 2022.
- A 5-year average of $87.0 million and a median of $84.2 million in 2025 frame the typical range for Operating Income.
- The sharpest annual moves came in 2022 and 2025: Operating Income soared 33.14% in 2022, then declined 4.78% in 2025.
- A 5-year view of Operating Income shows it stood at $67.9 million in 2022, then grew by 25.83% to $85.4 million in 2023, then increased by 18.71% to $101.4 million in 2024, then dropped by 2.32% to $99.0 million in 2025, then rose by 13.49% to $112.4 million in 2026.
- Business Quant data shows ELS's Operating Income at $112.4 million in Q1 2026, $99.0 million in Q4 2025, and $98.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 24.79 Bn | 25.01 Bn | - | - |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | - |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | 40.27 Mn |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 331.31 Mn |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 6.80 Mn |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | - |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | 229.81 Mn |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 112.37 Mn |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | - |
| 10 | Millrose Properties | 4.75 Bn | 4.75 Bn | - | 166.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 112.37 Mn |
| Dec 31, 2025 | 99.01 Mn |
| Sep 30, 2025 | 98.62 Mn |
| Jun 30, 2025 | 84.22 Mn |
| Mar 31, 2025 | 109.49 Mn |
| Dec 31, 2024 | 101.36 Mn |
| Sep 30, 2024 | 82.79 Mn |
| Jun 30, 2024 | 81.55 Mn |
| Mar 31, 2024 | 114.99 Mn |
| Dec 31, 2023 | 85.39 Mn |
| Sep 30, 2023 | 81.03 Mn |
| Jun 30, 2023 | 65.08 Mn |
| Mar 31, 2023 | 88.57 Mn |
| Dec 31, 2022 | 67.86 Mn |
| Sep 30, 2022 | 66.85 Mn |
| Jun 30, 2022 | 57.89 Mn |
| Mar 31, 2022 | 82.55 Mn |
| Dec 31, 2021 | 68.06 Mn |
| Sep 30, 2021 | 66.73 Mn |
| Jun 30, 2021 | 56.71 Mn |