Core Property Operations was Equity Lifestyle Properties’s largest segment in fiscal 2025, bringing in $2.91B of $3.03B (96%).
| Segment | FY 2009 | FY 2010 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Core Property Operations | — | $2.72B | $2.84B | $2.91B | |||||||
| Property Operations | $2.58B | — | — | — | |||||||
| Property Operations Segment | — | — | — | — | |||||||
| Home Sales & Rentals Operations | $279.26M | $219.78M | $172.46M | $113.91M | |||||||
| Home Sales & Rentals Operations | — | — | — | — | |||||||
| Home Sales & Rentals Operations Segment | — | — | — | — | |||||||
| Total | $2.86B | $2.94B | $3.02B | $3.03B |
Equity Lifestyle Properties brought in $3.03B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 0.3% from $3.02B in fiscal 2024. Core Property Operations was the largest at $2.91B (96.2%), ahead of Home Sales & Rentals Operations at $113.91M (3.8%).
Compared with fiscal 2024, Core Property Operations grew 2.4% to $2.91B, while Home Sales & Rentals Operations fell 34.0% to $113.91M.
Equity Lifestyle Properties began breaking out Core Property Operations in fiscal 2023, when it brought in $2.72B. Equity Lifestyle Properties stopped reporting Property Operations as a separate segment after fiscal 2022, when it brought in $2.58B.
Ancillary Services Revenues, Net was Equity Lifestyle Properties’s largest product and service line in fiscal 2017, bringing in $4.18M of $6.65M (63%).
| Product and Service | FY 2016 | FY 2017 |
|---|---|---|
| Ancillary Services Revenues, Net | $3.59M | $4.18M |
| Brokered Resale Revenues, Net | $2.40M | $2.47M |
| Total | $5.99M | $6.65M |
Equity Lifestyle Properties brought in $6.65M from its two product and service lines in fiscal 2017, the year ended December 31, 2017. That was up 11.0% from $5.99M in fiscal 2016. Ancillary Services Revenues, Net was the largest at $4.18M (62.8%), ahead of Brokered Resale Revenues, Net at $2.47M (37.2%).
Compared with fiscal 2016, Ancillary Services Revenues, Net grew 16.3% to $4.18M and Brokered Resale Revenues, Net grew 3.1% to $2.47M.
Equity Lifestyle Properties (ELS) reports its revenue by segment and by product and service. In fiscal 2025, Core Property Operations was its largest segment, bringing in $2.91B (96.2% of the total), followed by Home Sales & Rentals Operations at $113.91M (3.8%).
Core Property Operations was Equity Lifestyle Properties' largest segment in fiscal 2025, bringing in $2.91B, or 96.2% of the $3.03B total across its two segments.
Ancillary Services Revenues, Net was Equity Lifestyle Properties' largest product and service line in fiscal 2017, bringing in $4.18M, or 62.8% of the $6.65M total across its two product and service lines.
Core Property Operations grew faster than Home Sales & Rentals Operations in fiscal 2025, up 2.4% from $2.84B to $2.91B. Home Sales & Rentals Operations fell 34.0% to $113.91M.
Every figure comes from Equity Lifestyle Properties' annual financial filings, as reported. Each line keeps the name Equity Lifestyle Properties gives it, and years follow its fiscal calendar.
Equity Lifestyle Properties' revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.