Core Property Operations was Equity Lifestyle Properties’s largest segment in fiscal 2025, bringing in $1.46B of $1.51B (96%).
| Segment | FY 2009 | FY 2010 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Core Property Operations | — | $1.36B | $1.42B | $1.46B | ||||||||||
| Property Operations | $1.29B | — | — | — | ||||||||||
| Property Operations Segment | — | — | — | — | ||||||||||
| Home Sales & Rentals Operations | $139.63M | $109.89M | $86.23M | $56.96M | ||||||||||
| Home Sales & Rentals | — | — | — | — | ||||||||||
| Home Sales & Rentals Operations Segment | — | — | — | — | ||||||||||
| Total | $1.43B | $1.47B | $1.51B | $1.51B |
Equity Lifestyle Properties brought in $1.51B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 0.3% from $1.51B in fiscal 2024. Core Property Operations was the largest at $1.46B (96.2%), ahead of Home Sales & Rentals Operations at $56.96M (3.8%).
Compared with fiscal 2024, Core Property Operations grew 2.4% to $1.46B, while Home Sales & Rentals Operations fell 34.0% to $56.96M.
Equity Lifestyle Properties began breaking out Core Property Operations in fiscal 2023, when it brought in $1.36B. Equity Lifestyle Properties stopped reporting Property Operations as a separate segment after fiscal 2022, when it brought in $1.29B.
Equity Lifestyle Properties (ELS) reports its revenue by segment. In fiscal 2025, Core Property Operations was its largest segment, bringing in $1.46B (96.2% of the total), followed by Home Sales & Rentals Operations at $56.96M (3.8%).
Core Property Operations was Equity Lifestyle Properties' largest segment in fiscal 2025, bringing in $1.46B, or 96.2% of the $1.51B total across its two segments.
Core Property Operations grew faster than Home Sales & Rentals Operations in fiscal 2025, up 2.4% from $1.42B to $1.46B. Home Sales & Rentals Operations fell 34.0% to $56.96M.
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.