Equity Lifestyle Properties (ELS) Operating Margin (2009 - 2026)
Equity Lifestyle Properties (ELS) posted Operating Margin of 24.98% for Q2 2026, up 2.63 percentage points from 22.35% a year earlier but down 3.28 percentage points from the prior quarter.
Equity Lifestyle Properties (ELS) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Equity Lifestyle Properties was 26.20%, up 1.40 percentage points year-over-year; for FY2025, it came in at 25.56%, up 0.61 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +14.97 percentage points (FY2020 to FY2025).
- In prior years, Equity Lifestyle Properties' Operating Margin was 24.94% in FY2024 (+3.46 pp), 21.49% in FY2023 (+1.07 pp), 20.42% in FY2022 (-0.26 pp) and 20.68% in FY2021 (+10.09 pp).
- Quarterly Operating Margin has run from a low of 0.89% in Q2 2022 to a high of 29.75% in Q1 2024 over five years.
- On a year-over-year basis, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +1.13 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2023, with a gain of 17.28 percentage points; the weakest was Q4 2021, with a drop of 3.88 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 28.26% (Q1 2026), 26.48% (Q4 2025) and 25.08% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.90 Bn | 150.42 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 123.74 Bn | 128.13 Bn | - | 51.59% |
| 3 | Simon Property | 66.68 Bn | 67.94 Bn | - | 49.72% |
| 4 | Realty Income | 52.20 Bn | 54.59 Bn | - | - |
| 5 | Public Storage | 50.15 Bn | 49.24 Bn | - | 37.85% |
| 6 | Ventas | 44.59 Bn | 43.78 Bn | - | - |
| 7 | Extra Space Storage | 28.21 Bn | 28.21 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 23.00 Bn | 23.19 Bn | - | - |
| 10 | Equity Lifestyle Properties | 11.39 Bn | 11.45 Bn | 359.07 Mn | 24.98% |
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 | 7.99% |
| Sep 30, 2022 | 3.56% |
| Jun 30, 2022 | 0.89% |
| Mar 31, 2022 | 10.64% |
| Dec 31, 2021 | 4.66% |
| Sep 30, 2021 | 6.16% |
Equity Lifestyle Properties Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ELS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ELS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ELS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();