Equity Lifestyle Properties (ELS) Operating Margin (2009 - 2026)
Equity Lifestyle Properties (ELS) posted quarterly Operating Margin of 24.98% for 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.
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.
- In Q2 2026, Operating Margin rose 263.0% year-over-year to 24.98%; the TTM figure through Jun 2026 stood at 26.2% (up 140.0% YoY), while the FY2025 annual figure was 25.56%, up 61.0% from the prior year.
- Operating Margin eased to 24.98% in Q2 2026 per ELS's latest filing, from 28.26% in the prior quarter.
- Across five years, Operating Margin topped out at 29.75% in Q1 2024 and bottomed at 6.12% in Q2 2022.
- Historically, Operating Margin has averaged 21.38% across 5 years, with a median of 23.01% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin sank 333 bps — and 2023, when it jumped 1229 bps.
- Equity Lifestyle Properties' Operating Margin stood at 13.31% in 2022, then soared by 78 bps to 23.68% in 2023, then rose by 15 bps to 27.22% in 2024, then fell by 3 bps to 26.48% in 2025, then decreased by 6 bps to 24.98% in 2026.
- Business Quant data shows ELS's Operating Margin at 24.98% in Q2 2026, 28.26% in Q1 2026, and 26.48% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | - |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | - |
| 3 | Invitation Homes | 17.93 Bn | 17.93 Bn | 705.34 Mn | 6.40% |
| 4 | Mid America Apartment Communities | 15.39 Bn | 15.27 Bn | 537.17 Mn | 57.37% |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 460.10 Mn | 5.30% |
| 6 | Equity Lifestyle Properties | 12.63 Bn | 12.63 Bn | 375.97 Mn | 24.98% |
| 7 | American Homes 4 Rent | 12.43 Bn | 12.43 Bn | - | - |
| 8 | Udr | 12.23 Bn | 12.23 Bn | 412.43 Mn | 27.23% |
| 9 | Camden Property Trust | 11.06 Bn | 11.06 Bn | - | - |
| 10 | Millrose Properties | 5.10 Bn | 5.10 Bn | - | 85.16% |
Historic Data
Download 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% |