Equity Lifestyle Properties (ELS) Operating Margin (2009 - 2026)
Equity Lifestyle Properties' (ELS) quarterly Operating Margin came in at 24.98% in Q2 2026, up 263.0% year-over-year from 6.88% in Q2 2025, and down 11.62% quarter-over-quarter from 28.26% in Q1 2026.
Analysis
Equity Lifestyle Properties (ELS) Operating Margin (2009 - 2026) Analysis & Trends
Equity Lifestyle Properties (ELS) has reported Operating Margin for 18 consecutive years, with 24.98% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 263.0% year-over-year to 24.98% in Q2 2026; TTM through Jun 2026 was 26.2%, a 140.0% increase from a year earlier, with the FY2025 full-year figure at 25.56%, up 61.0% from the prior year.
- Operating Margin was 24.98% for Q2 2026 at Equity Lifestyle Properties, down from 28.26% in the prior quarter.
- Over five years, Operating Margin peaked at 29.75% in Q1 2024 and troughed at 6.12% in Q2 2022.
- A 5-year average of 21.38% and a median of 23.01% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 333 bps in 2022 and soared 1229 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 13.31% in 2022, then jumped by 78 bps to 23.68% in 2023, then grew by 15 bps to 27.22% in 2024, then dropped by 3 bps to 26.48% in 2025, then fell by 6 bps to 24.98% in 2026.
- The last three Operating Margin figures came in at 24.98% (Q2 2026), 28.26% (Q1 2026), and 26.48% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.25 Bn | 24.25 Bn | - | - |
| 2 | Invitation Homes | 16.43 Bn | 16.43 Bn | 705.34 Mn | 6.40% |
| 3 | Mid America Apartment Communities | 14.50 Bn | 14.38 Bn | 537.17 Mn | 57.37% |
| 4 | Sun Communities | 14.20 Bn | 14.20 Bn | 460.10 Mn | 5.30% |
| 5 | Equity Lifestyle Properties | 11.71 Bn | 11.71 Bn | 375.97 Mn | 24.98% |
| 6 | American Homes 4 Rent | 11.40 Bn | 11.40 Bn | - | - |
| 7 | Udr | 11.31 Bn | 11.31 Bn | 412.43 Mn | 27.23% |
| 8 | Camden Property Trust | 10.51 Bn | 10.51 Bn | - | - |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | - |
| 10 | Independence Realty Trust | 3.55 Bn | 3.55 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.98% |
| Mar 31, 2026 | 28.26% |
| Dec 31, 2025 | 26.48% |
| Sep 30, 2025 | 25.08% |
| Jun 30, 2025 | 22.35% |
| Mar 31, 2025 | 28.27% |
| Dec 31, 2024 | 27.22% |
| Sep 30, 2024 | 21.38% |
| Jun 30, 2024 | 21.46% |
| Mar 31, 2024 | 29.75% |
| Dec 31, 2023 | 23.68% |
| Sep 30, 2023 | 20.84% |
| Jun 30, 2023 | 17.59% |
| Mar 31, 2023 | 23.94% |
| Dec 31, 2022 | 13.31% |
| Sep 30, 2022 | 8.55% |
| Jun 30, 2022 | 6.12% |
| Mar 31, 2022 | 15.60% |
| Dec 31, 2021 | 9.74% |
| Sep 30, 2021 | 11.06% |