Go Pro
→ A major gold reset could be closer than people think (From Reagan Gold Group) (Ad)tc pixel Free ELS Stock Alerts

Equity Lifestyle Properties (ELS) Financials

Equity Lifestyle Properties logo
$60.10 -0.20 (-0.33%)
Closing price 09/11/2026 03:58 PM Eastern
Extended Trading
$59.87 -0.23 (-0.39%)
As of 09/11/2026 07:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Equity Lifestyle Properties

Annual Income Statements for Equity Lifestyle Properties

This table shows Equity Lifestyle Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 130 164 190 213 279 228 262 285 314 367 386
Consolidated Net Income / (Loss)		 151 187 210 226 296 241 276 299 330 385 402
Net Income / (Loss) Continuing Operations		 151 187 210 226 296 241 276 299 341 396 411
Total Pre-Tax Income 		146 185 207 221 287 236 272 295 328 389 401
Total Revenue		 822 768 925 987 933 1,119 1,316 1,447 1,486 1,524 1,531
Net Interest Income / (Expense)		 0.00 -102 0.00 0.00 -104 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 102 0.00 0.00 104 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 822 870 925 987 1,037 1,119 1,316 1,447 1,486 1,524 1,531
Other Service Charges		 84 89 48 52 43 46 50 56 67 75 63
Net Realized & Unrealized Capital Gains on Investments		 - - 5.80 11 9.53 4.03 4.50 8.55 5.12 5.81 8.77
Other Non-Interest Income		 734 782 872 924 985 1,069 1,262 1,382 1,413 1,443 1,460
Total Non-Interest Expense		 675 584 719 765 646 883 1,044 1,152 1,158 1,134 1,130
Net Occupancy & Equipment Expense		 306 275 301 320 334 354 399 443 470 480 493
Marketing Expense		 10 11 11 12 14 16 19 20 21 22 16
Other Operating Expenses		 137 177 183 191 198 255 329 369 331 290 281
Depreciation Expense		 114 117 124 137 152 155 188 202 204 204 209
Other Special Charges		 106 - 101 105 -53 103 109 117 132 138 131
Income Tax Expense		 - - - - - - 0.00 0.00 -10 -0.35 -3.27
Other Gains / (Losses), net		 4.09 2.60 3.77 4.94 8.76 5.40 3.88 3.36 2.71 6.25 6.52
Preferred Stock Dividends Declared		 9.23 18 - 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.02
Net Income / (Loss) Attributable to Noncontrolling Interest		 11 - - - - 13 14 14 15 18 16
Basic Earnings per Share		 - $1.93 $1.09 $1.19 $1.54 $1.26 $1.43 $1.53 $1.69 $1.96 $2.01
Weighted Average Basic Shares Outstanding		 84.03M 84.78M 173.99M 177.93M 180.81M 181.83M 182.92M 185.78M 186.06M 187.44M 192.14M
Diluted Earnings per Share		 - $1.92 $1.08 $1.19 $1.54 $1.25 $1.43 $1.53 $1.69 $1.96 $2.01
Weighted Average Diluted Shares Outstanding		 91.91M 92.57M 186.85M 190.11M 192.00M 192.56M 192.88M 195.26M 195.43M 196.64M 200.11M
Weighted Average Basic & Diluted Shares Outstanding		 84M 85M 87.10M -10.63B 182.13M 182.30M 185.94M 186.18M 186.49M 191.14M 193.93M
Cash Dividends to Common per Share		 $1.50 - - $0.49 - - - $1.64 $1.79 $1.91 $2.06

Quarterly Income Statements for Equity Lifestyle Properties

This table shows Equity Lifestyle Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 92 110 78 83 96 109 80 97 100 108 96
Consolidated Net Income / (Loss)		 96 115 82 87 101 114 83 100 104 111 100
Net Income / (Loss) Continuing Operations		 96 115 82 87 101 114 83 100 113 111 100
Total Pre-Tax Income 		85 115 82 81 101 109 84 99 110 112 99
Total Revenue		 426 387 380 385 372 387 376 393 427 398 397
Net Interest Income / (Expense)		 66 0.00 0.00 0.00 - 0.00 0.00 0.00 31 0.00 0.00
Total Interest Income		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Interest Expense		 -66 0.00 0.00 0.00 - 0.00 0.00 0.00 -31 0.00 0.00
Total Non-Interest Income		 361 387 380 385 372 387 376 393 395 398 397
Other Service Charges		 16 16 16 16 27 16 16 15 16 14 15
Net Realized & Unrealized Capital Gains on Investments		 1.81 2.04 2.63 0.39 0.75 2.02 1.40 2.00 3.35 1.77 5.30
Other Non-Interest Income		 343 369 361 369 344 370 358 376 377 382 377
Total Non-Interest Expense		 341 272 298 304 271 278 293 295 316 285 298
Net Occupancy & Equipment Expense		 108 115 126 129 111 119 128 133 114 121 132
Marketing Expense		 4.92 5.30 6.13 6.45 4.19 3.93 4.06 4.20 3.88 3.84 4.55
Other Operating Expenses		 78 67 79 82 74 73 76 71 81 74 74
Depreciation Expense		 51 51 51 51 50 51 53 52 53 53 54
Other Special Charges		 - 34 36 36 32 31 32 34 - 34 34
Other Gains / (Losses), net		 0.56 0.28 0.58 5.87 -0.49 4.90 -0.05 1.71 -0.04 -0.88 0.67
Preferred Stock Dividends Declared		 - - 0.01 0.00 - - 0.01 0.00 - - 0.01
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 5.37 3.82 4.04 4.57 5.20 3.78 3.23 - 3.59 3.19
Basic Earnings per Share		 $0.50 $0.59 $0.42 $0.44 $0.51 $0.57 $0.42 $0.50 $0.52 $0.56 $0.50
Weighted Average Basic Shares Outstanding		 186.06M 186.29M 186.32M 186.33M 187.44M 190.93M 190.99M 193.00M 192.14M 193.68M 193.73M
Diluted Earnings per Share		 $0.50 $0.59 $0.42 $0.44 $0.51 $0.57 $0.42 $0.50 $0.52 $0.56 $0.50
Weighted Average Diluted Shares Outstanding		 195.43M 195.55M 195.47M 195.51M 196.64M 200.07M 200.10M 200.13M 200.11M 200.18M 200.21M
Weighted Average Basic & Diluted Shares Outstanding		 186.49M 186.50M 186.52M 191.05M 191.14M 191.19M 193.79M 193.83M 193.93M 193.94M 194.06M

Annual Cash Flow Statements for Equity Lifestyle Properties

This table details how cash moves in and out of Equity Lifestyle Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 6.54 -25 -26 33 -40 -4.80 99 -101 7.59 -5.36 1.56
Net Cash From Operating Activities		 353 352 378 414 444 417 509 476 548 597 571
Net Cash From Continuing Operating Activities		 353 352 369 414 416 417 509 476 548 597 571
Net Income / (Loss) Continuing Operations		 151 187 210 226 296 241 276 299 330 385 402
Consolidated Net Income / (Loss)		 151 187 210 226 296 241 276 299 330 385 402
Depreciation Expense		 115 119 125 139 154 158 191 207 209 209 214
Amortization Expense		 2.71 3.87 1.34 1.31 3.00 3.08 4.35 4.66 4.86 5.23 5.14
Non-Cash Adjustments to Reconcile Net Income		 21 1.44 15 -5.58 -72 11 3.42 -34 37 -26 -14
Changes in Operating Assets and Liabilities, net		 63 42 27 53 36 4.32 34 -0.40 -32 23 -36
Net Cash From Investing Activities		 -121 -219 -305 -398 -352 -401 -828 -402 -325 -218 -277
Net Cash From Continuing Investing Activities		 -121 -219 -305 -398 -274 -401 -828 -402 -325 -218 -277
Purchase of Property, Leasehold Improvements and Equipment		 -94 -119 -126 -182 -258 -168 -204 -249 -317 -241 -237
Purchase of Investment Securities		 -28 -103 -170 -239 -109 -239 -629 -166 -19 -12 -9.69
Sale of Property, Leasehold Improvements and Equipment		 - - - - - - - - 0.00 0.00 2.53
Sale and/or Maturity of Investments		 10 1.15 3.63 22 86 0.12 2.05 -3.39 5.31 20 9.36
Other Investing Activities, net		 -9.71 3.07 -13 0.40 6.35 5.65 3.15 17 5.63 15 -42
Net Cash From Financing Activities		 -226 -158 -99 17 -132 -21 419 -175 -216 -384 -293
Net Cash From Continuing Financing Activities		 -226 -158 -99 17 -132 -21 419 -175 -216 -384 -293
Issuance of Debt		 395 88 481 676 316 1,115 1,430 806 985 590 1,135
Issuance of Common Equity		 4.90 63 128 85 62 2.03 142 31 1.98 319 1.51
Repayment of Debt		 -480 -144 -384 -536 -278 -876 -872 -697 -858 -919 -1,021
Payment of Dividends		 -142 -161 -182 -203 -229 -257 -276 -311 -343 -368 -405
Other Financing Activities, Net		 -3.63 -3.55 -5.03 -4.61 -1.40 -4.64 -5.07 -4.34 -2.21 -5.96 -2.69
Cash Interest Paid		 106 106 103 102 102 101 104 112 130 140 130

Quarterly Cash Flow Statements for Equity Lifestyle Properties

This table details how cash moves in and out of Equity Lifestyle Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -30 17 -12 4.74 -16 23 -14 6.28 -13 13 -3.61
Net Cash From Operating Activities		 129 199 143 150 105 193 131 147 99 194 148
Net Cash From Continuing Operating Activities		 129 199 143 150 105 193 131 147 99 194 148
Net Income / (Loss) Continuing Operations		 96 115 82 87 101 114 83 100 104 111 100
Consolidated Net Income / (Loss)		 96 115 82 87 101 114 83 100 104 111 100
Depreciation Expense		 52 52 53 52 52 52 54 54 54 54 55
Amortization Expense		 1.28 1.29 1.30 1.41 1.24 1.24 1.24 1.33 1.33 1.33 1.33
Non-Cash Adjustments to Reconcile Net Income		 4.71 -5.16 7.36 -19 -1.88 -4.60 0.88 0.73 -11 1.10 -9.10
Changes in Operating Assets and Liabilities, net		 -25 35 -0.38 28 -47 30 -8.19 -8.93 -49 26 1.42
Net Cash From Investing Activities		 -87 -51 -53 -47 -66 -42 -115 -67 -53 -44 -65
Net Cash From Continuing Investing Activities		 -87 -51 -53 -47 -66 -42 -115 -67 -53 -44 -65
Purchase of Property, Leasehold Improvements and Equipment		 -86 -55 -63 -58 -66 -45 -59 -71 -61 -45 -64
Purchase of Investment Securities		 -3.22 -1.33 -2.55 -5.45 -2.35 -8.69 -0.21 -0.59 -0.20 -0.15 -1.49
Other Investing Activities, net		 1.90 1.59 1.12 11 1.30 7.40 -55 3.55 1.98 1.14 0.99
Net Cash From Financing Activities		 -72 -130 -101 -97 -55 -128 -31 -74 -59 -137 -87
Net Cash From Continuing Financing Activities		 -72 -130 -101 -97 -55 -128 -31 -74 -59 -137 -87
Issuance of Debt		 114 133 89 162 206 186 504 214 233 192 232
Issuance of Common Equity		 0.38 0.38 0.38 0.39 318 0.39 0.36 0.39 0.37 0.38 0.60
Repayment of Debt		 -99 -174 -97 -166 -482 -216 -432 -185 -189 -224 -211
Payment of Dividends		 -88 -88 -93 -93 -93 -96 -103 -103 -103 -103 -109
Other Financing Activities, Net		 0.04 -2.07 -0.32 -0.08 -3.50 -2.32 -0.14 -0.07 -0.17 -2.00 -0.22
Cash Interest Paid		 33 34 37 37 33 32 32 33 33 33 33

Annual Balance Sheets for Equity Lifestyle Properties

This table presents Equity Lifestyle Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 3,400 3,479 3,610 3,926 4,151 4,419 5,308 5,493 5,614 5,646 5,745
Restricted Cash		 - - - 69 29 24 123 22 30 25 26
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 3,195 3,286 3,399 3,642 3,967 4,236 4,885 5,111 5,257 5,276 5,340
Other Assets		 94 105 144 215 156 159 299 359 326 345 379
Total Liabilities & Shareholders' Equity		 3,400 3,479 3,610 3,926 4,151 4,419 5,308 5,493 5,614 5,646 5,745
Total Liabilities		 2,408 2,397 2,510 2,732 2,829 3,114 3,822 3,975 4,115 3,822 3,931
Non-Interest Bearing Deposits		 74 77 79 81 91 93 119 122 126 122 120
Short-Term Debt		 - 0.00 30 0.00 160 0.00 349 198 31 77 105
Accrued Interest Payable		 8.72 8.38 8.39 8.76 8.64 8.34 9.29 12 13 11 11
Other Short-Term Payables		 110 129 - 155 184 196 243 255 239 255 256
Long-Term Debt		 2,126 2,091 2,170 2,348 2,248 2,445 2,925 3,190 3,488 3,128 3,217
Other Long-Term Liabilities		 88 91 212 139 137 151 176 198 218 229 221
Total Equity & Noncontrolling Interests		 993 1,082 1,100 1,193 1,322 1,305 1,486 1,517 1,499 1,824 1,815
Total Preferred & Common Equity		 925 1,009 1,032 1,122 1,250 1,234 1,415 1,445 1,429 1,741 1,756
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 925 1,009 1,032 1,122 1,250 1,234 1,415 1,445 1,429 1,741 1,756
Common Stock		 1,040 1,104 1,243 1,330 1,405 1,413 1,595 1,631 1,646 1,953 1,984
Accumulated Other Comprehensive Income / (Loss)		 -0.55 -0.23 0.94 2.30 -0.38 0.00 3.52 19 6.06 2.30 -2.21
Other Equity Adjustments		 -114 -95 -212 -211 -154 -180 -184 -204 -224 -215 -225
Noncontrolling Interest		 68 73 68 72 72 71 71 72 70 83 59

Quarterly Balance Sheets for Equity Lifestyle Properties

This table presents Equity Lifestyle Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 5,519 5,586 5,626 5,630 5,645 5,644 5,642 5,721 5,747 5,749 5,801
Restricted Cash		 31 28 60 47 36 40 47 33 39 39 36
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 5,148 5,194 5,224 5,256 5,261 5,264 5,272 5,291 5,321 5,344 5,471
Other Assets		 341 364 342 327 349 340 323 397 387 365 294
Total Liabilities & Shareholders' Equity		 5,519 5,586 5,626 5,630 5,645 5,644 5,642 5,721 5,747 5,749 5,801
Total Liabilities		 4,006 4,083 4,129 4,110 4,135 4,149 3,809 3,908 3,935 3,928 3,984
Non-Interest Bearing Deposits		 131 149 122 132 152 128 129 148 122 128 152
Short-Term Debt		 212 205 0.00 6.00 14 33 63 90 45 90 128
Accrued Interest Payable		 12 12 12 13 12 12 10 11 11 11 11
Other Short-Term Payables		 272 260 277 264 271 301 265 274 300 278 291
Long-Term Debt		 3,174 3,246 3,502 3,473 3,457 3,442 3,112 3,157 3,232 3,201 3,185
Other Long-Term Liabilities		 204 210 216 223 228 233 230 228 225 220 217
Total Equity & Noncontrolling Interests		 1,513 1,503 1,497 1,520 1,510 1,496 1,833 1,813 1,812 1,820 1,817
Total Preferred & Common Equity		 1,442 1,432 1,427 1,449 1,440 1,426 1,750 1,731 1,753 1,762 1,758
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,442 1,432 1,427 1,449 1,440 1,426 1,750 1,731 1,753 1,762 1,758
Common Stock		 1,632 1,640 1,643 1,646 1,648 1,650 1,953 1,956 1,982 1,984 1,987
Accumulated Other Comprehensive Income / (Loss)		 15 17 16 5.28 5.29 -4.76 0.67 -2.01 -2.59 -0.06 2.90
Other Equity Adjustments		 -205 -226 -232 -203 -213 -220 -204 -223 -226 -222 -231
Noncontrolling Interest		 72 71 70 71 70 70 83 82 58 59 58

Annual Metrics And Ratios for Equity Lifestyle Properties

This table displays calculated financial ratios and metrics derived from Equity Lifestyle Properties' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.78 $0.00 $0.00 $1.20 $1.54 $1.26 $1.43 $0.00 $1.69 $1.96 $2.01
Adjusted Weighted Average Basic Shares Outstanding		 168.06M 169.56M 173.99M 177.93M 180.81M 181.83M 182.92M 0.00 186.06M 187.44M 192.14M
Adjusted Diluted Earnings per Share		 $0.77 $0.00 $0.00 $1.19 $1.54 $1.25 $1.43 $0.00 $1.69 $1.96 $2.01
Adjusted Weighted Average Diluted Shares Outstanding		 183.81M 185.14M 186.85M 190.11M 192.00M 192.56M 192.88M 0.00 195.43M 196.64M 200.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.54 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 169.19M 173.53M 177.47M 179.86M 182.13M 182.30M 185.94M 0.00 186.49M 191.14M 193.93M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Equity Lifestyle Properties

This table displays calculated financial ratios and metrics derived from Equity Lifestyle Properties' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 193,927,571.00 193,937,553.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 193,927,571.00 193,937,553.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.57 0.51
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 23.81% 15.49% 12.80% -0.62% -12.83% -13.27% -1.01% 2.05% - 2.66% 5.62%
EBITDA Growth		 8.14% 21.22% 13.86% 0.85% 11.00% -3.94% 2.27% 13.93% - 3.14% 11.76%
EBIT Growth		 12.05% 33.53% 25.31% 1.14% 18.21% -5.52% 2.44% 21.81% - 2.63% 18.33%
NOPAT Growth		 25.81% 33.81% 25.31% 1.14% 5.39% -5.52% 2.44% 21.81% - 2.63% 18.33%
Net Income Growth		 25.76% 33.32% 24.34% 7.58% 4.28% -0.76% 1.66% 15.54% - -2.54% 19.19%
EPS Growth		 28.21% 34.09% 23.53% 7.32% 2.00% -3.39% 0.00% 13.64% - -1.75% 19.05%
Operating Cash Flow Growth		 82.98% 25.01% 32.72% -1.52% -18.58% -2.70% -8.27% -1.68% - 0.44% 12.68%
Free Cash Flow Firm Growth		 76.94% 113.71% 154.41% 210.91% 665.60% 504.21% -90.57% -118.31% - -90.31% 483.86%
Invested Capital Growth		 2.28% 2.01% 0.56% -0.59% 0.22% 0.19% 1.57% 2.39% - 2.05% 1.37%
Revenue Q/Q Growth		 9.92% -9.33% -1.69% 1.43% -3.58% -9.79% 12.20% 4.56% - -6.79% -0.08%
EBITDA Q/Q Growth		 3.90% 21.37% -19.52% -0.62% 14.36% 5.18% -14.45% 10.71% - 1.39% -7.77%
EBIT Q/Q Growth		 6.62% 34.39% -28.93% -0.69% 24.62% 7.64% -23.11% 18.09% - 1.96% -12.03%
NOPAT Q/Q Growth		 19.72% 34.67% -29.08% -0.69% 24.76% 7.52% -23.11% 18.09% - 1.96% -12.03%
Net Income Q/Q Growth		 19.43% 19.54% -28.75% 5.77% 15.77% 13.76% -27.01% 20.21% - 7.40% -10.74%
EPS Q/Q Growth		 21.95% 18.00% -28.81% 4.76% 15.91% 11.76% -26.32% 19.05% - 7.69% -10.71%
Operating Cash Flow Q/Q Growth		 -14.81% 53.65% -27.98% 4.47% -29.57% 83.63% -32.11% 11.98% - 95.28% -23.83%
Free Cash Flow Firm Q/Q Growth		 84.06% 162.11% 229.13% 105.02% -18.72% 10.16% -94.86% -497.90% - 341.49% 207.05%
Invested Capital Q/Q Growth		 0.36% -0.38% -0.33% -0.24% 1.18% -0.41% 1.04% 0.57% - -0.50% 0.36%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 32.56% 43.58% 35.68% 34.95% 41.46% 48.34% 36.86% 39.03% - 42.26% 39.00%
EBIT Margin		 20.03% 29.68% 21.46% 21.01% 27.16% 32.41% 22.21% 25.08% - 28.26% 24.88%
Profit (Net Income) Margin		 22.62% 29.82% 21.61% 22.54% 27.06% 34.12% 22.19% 25.52% - 28.04% 25.05%
Tax Burden Percent		 112.93% 100.45% 100.71% 107.25% 99.63% 105.29% 99.94% 101.73% - 99.22% 100.68%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Effective Tax Rate		 -12.28% -0.21% 0.00% 0.00% -0.11% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Invested Capital (ROIC)		 6.73% 9.24% 6.83% 6.65% 8.25% 9.54% 6.50% 7.36% - 8.61% 7.63%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.75% 9.25% 6.85% 6.82% 8.23% 9.71% 6.49% 7.41% - 8.58% 7.65%
Return on Net Nonoperating Assets (RNNOA)		 15.46% 20.94% 15.72% 15.90% 16.66% 19.27% 13.13% 15.13% - 15.19% 13.83%
Return on Equity (ROE)		 22.19% 30.18% 22.55% 22.56% 24.91% 28.80% 19.62% 22.50% - 23.80% 21.46%
Cash Return on Invested Capital (CROIC)		 4.34% 5.20% 6.94% 8.08% 7.31% 7.24% 5.88% 5.42% - 5.95% 6.87%
Operating Return on Assets (OROA)		 5.36% 8.19% 6.04% 5.89% 7.35% 8.47% 5.74% 6.50% - 7.65% 6.75%
Return on Assets (ROA)		 6.05% 8.22% 6.08% 6.31% 7.32% 8.91% 5.74% 6.61% - 7.59% 6.80%
Return on Common Equity (ROCE)		 21.15% 28.76% 21.49% 21.50% 23.76% 27.48% 18.72% 21.62% - 22.88% 20.63%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 24.74% 26.01% 26.70% 0.00% 21.94% 22.26% 22.75% - 22.66% 23.61%
Net Operating Profit after Tax (NOPAT)		 96 115 82 81 101 109 84 99 - 112 99
NOPAT Margin		 22.49% 29.75% 21.46% 21.01% 27.19% 32.41% 22.21% 25.08% - 28.26% 24.88%
Net Nonoperating Expense Percent (NNEP)		 -0.02% -0.01% -0.02% -0.17% 0.01% -0.17% 0.00% -0.05% - 0.03% -0.02%
SG&A Expenses to Revenue		 26.57% 31.06% 34.80% 35.14% 30.87% 36.54% 35.06% 34.94% - 31.41% 34.44%
Operating Expenses to Revenue		 79.97% 70.32% 78.54% 78.99% 72.84% 67.60% 77.79% 74.92% - 71.74% 75.12%
Earnings before Interest and Taxes (EBIT)		 85 115 82 81 101 109 84 99 - 112 99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 139 168 136 135 154 162 139 154 - 168 155
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.94 8.22 8.44 9.33 7.31 7.29 6.81 6.71 - 6.87 7.11
Price to Tangible Book Value (P/TBV)		 8.94 8.22 8.44 9.33 7.31 7.29 6.81 6.71 - 6.87 7.11
Price to Revenue (P/Rev)		 8.60 7.75 7.68 8.43 8.35 8.66 8.03 7.97 - 7.85 8.00
Price to Earnings (P/E)		 40.66 34.87 34.01 36.66 34.67 34.81 32.07 30.79 - 31.42 31.11
Dividend Yield		 2.61% 2.85% 2.84% 2.64% 2.87% 2.92% 3.22% 3.33% - 3.34% 3.28%
Earnings Yield		 2.46% 2.87% 2.94% 2.73% 2.88% 2.87% 3.12% 3.25% - 3.18% 3.21%
Enterprise Value to Invested Capital (EV/IC)		 3.26 3.08 3.14 3.38 3.18 3.19 2.98 2.96 - 3.02 3.09
Enterprise Value to Revenue (EV/Rev)		 10.99 10.03 9.90 10.65 10.49 10.84 10.27 10.20 - 10.00 10.13
Enterprise Value to EBITDA (EV/EBITDA)		 30.79 27.54 27.15 29.10 26.97 27.23 25.60 24.77 - 24.66 24.69
Enterprise Value to EBIT (EV/EBIT)		 51.61 44.65 43.27 46.35 42.27 42.92 40.35 38.46 - 38.16 37.77
Enterprise Value to NOPAT (EV/NOPAT)		 49.96 43.31 42.02 45.02 42.23 42.92 40.35 38.46 - 38.16 37.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 29.81 26.23 25.12 27.08 26.79 26.99 26.03 26.10 - 26.95 26.90
Enterprise Value to Free Cash Flow (EV/FCFF)		 75.90 59.90 45.39 41.72 43.52 44.06 51.07 55.24 - 51.17 45.23
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.35 2.29 2.30 2.32 1.76 1.73 1.79 1.81 - 1.81 1.82
Long-Term Debt to Equity		 2.33 2.29 2.29 2.30 1.71 1.70 1.74 1.78 - 1.76 1.75
Financial Leverage		 2.29 2.26 2.30 2.33 2.02 1.98 2.02 2.04 - 1.77 1.81
Leverage Ratio		 3.68 3.68 3.73 3.77 3.39 3.36 3.42 3.44 - 3.12 3.17
Compound Leverage Factor		 3.68 3.68 3.73 3.77 3.39 3.36 3.42 3.44 - 3.12 3.17
Debt to Total Capital		 70.13% 69.60% 69.68% 69.91% 63.73% 63.39% 64.17% 64.40% - 64.38% 64.58%
Short-Term Debt to Total Capital		 0.62% 0.12% 0.28% 0.65% 1.53% 1.26% 1.78% 0.88% - 1.75% 2.49%
Long-Term Debt to Total Capital		 69.51% 69.48% 69.40% 69.25% 62.20% 62.14% 62.39% 63.51% - 62.63% 62.10%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.39% 1.42% 1.41% 1.40% 1.65% 1.67% 1.62% 1.15% - 1.15% 1.14%
Common Equity to Total Capital		 28.48% 28.99% 28.90% 28.69% 34.62% 34.94% 34.20% 34.45% - 34.47% 34.28%
Debt to EBITDA		 6.63 6.21 6.02 6.02 5.41 5.42 5.51 5.39 - 5.26 5.17
Net Debt to EBITDA		 6.58 6.13 5.96 5.95 5.36 5.33 5.45 5.32 - 5.20 5.11
Long-Term Debt to EBITDA		 6.58 6.20 6.00 5.96 5.28 5.31 5.36 5.32 - 5.12 4.97
Debt to NOPAT		 10.76 9.77 9.32 9.30 8.47 8.54 8.69 8.37 - 8.15 7.90
Net Debt to NOPAT		 10.67 9.64 9.22 9.20 8.40 8.41 8.60 8.27 - 8.05 7.82
Long-Term Debt to NOPAT		 10.67 9.75 9.28 9.22 8.26 8.37 8.44 8.25 - 7.92 7.60
Noncontrolling Interest Sharing Ratio		 4.71% 4.70% 4.70% 4.67% 4.60% 4.60% 4.59% 3.88% - 3.89% 3.87%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -16 16 54 111 90 99 5.09 -20 - 9.67 30
Operating Cash Flow to CapEx		 150.55% 363.30% 228.91% 256.05% 160.42% 427.84% 220.81% 206.26% - 428.91% 230.53%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 3.18 0.00 0.00 - 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 6.21 0.00 0.00 - 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 4.76 0.00 0.00 - 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.27 0.28 0.28 0.28 0.27 0.26 0.26 0.26 - 0.27 0.27
Fixed Asset Turnover		 0.29 0.30 0.30 0.30 0.29 0.28 0.28 0.28 - 0.29 0.29
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,017 4,998 4,982 4,970 5,028 5,008 5,060 5,089 - 5,111 5,129
Invested Capital Turnover		 0.30 0.31 0.32 0.32 0.30 0.29 0.29 0.29 - 0.30 0.31
Increase / (Decrease) in Invested Capital		 112 99 28 -30 11 9.66 78 119 - 103 69
Enterprise Value (EV)		 16,334 15,418 15,653 16,810 15,987 15,960 15,087 15,059 - 15,415 15,835
Market Capitalization		 12,775 11,916 12,146 13,306 12,724 12,749 11,791 11,763 - 12,105 12,499
Book Value per Share		 $7.67 $7.78 $7.72 $7.64 $9.11 $9.15 $9.05 $9.05 - $9.08 $9.07
Tangible Book Value per Share		 $7.67 $7.78 $7.72 $7.64 $9.11 $9.15 $9.05 $9.05 - $9.08 $9.07
Total Capital		 5,017 4,998 4,982 4,970 5,028 5,008 5,060 5,089 - 5,111 5,129
Total Debt		 3,519 3,479 3,471 3,474 3,205 3,175 3,247 3,277 - 3,290 3,313
Total Long-Term Debt		 3,488 3,473 3,457 3,442 3,128 3,112 3,157 3,232 - 3,201 3,185
Net Debt		 3,489 3,431 3,436 3,434 3,180 3,127 3,214 3,238 - 3,251 3,277
Capital Expenditures (CapEx)		 86 55 63 58 66 45 59 71 - 45 64
Net Nonoperating Expense (NNE)		 -0.56 -0.28 -0.58 -5.87 0.49 -5.75 0.05 -1.71 - 0.88 -0.67
Net Nonoperating Obligations (NNO)		 3,519 3,479 3,471 3,474 3,205 3,175 3,247 3,277 - 3,290 3,313
Total Depreciation and Amortization (D&A)		 53 54 54 54 53 53 55 55 - 56 56
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.50 $0.59 $0.42 $0.44 $0.51 $0.57 $0.42 $0.50 $0.52 $0.56 $0.50
Adjusted Weighted Average Basic Shares Outstanding		 186.06M 186.29M 186.32M 186.33M 187.44M 190.93M 190.99M 193.00M 192.14M 193.68M 193.73M
Adjusted Diluted Earnings per Share		 $0.50 $0.59 $0.42 $0.44 $0.51 $0.57 $0.42 $0.50 $0.52 $0.56 $0.50
Adjusted Weighted Average Diluted Shares Outstanding		 195.43M 195.55M 195.47M 195.51M 196.64M 200.07M 200.10M 200.13M 200.11M 200.18M 200.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 186.49M 186.50M 186.52M 191.05M 191.14M 191.19M 193.79M 193.83M 193.93M 193.94M 194.06M
Normalized Net Operating Profit after Tax (NOPAT)		 60 104 82 82 93 76 81 93 - 102 93
Normalized NOPAT Margin		 14.02% 26.85% 21.66% 21.34% 24.97% 22.68% 21.54% 23.55% - 25.71% 23.38%
Pre Tax Income Margin		 20.03% 29.68% 21.46% 21.01% 27.16% 32.41% 22.21% 25.08% - 28.26% 24.88%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 3.49 0.00 0.00 - 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 3.49 0.00 0.00 - 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 2.04 0.00 0.00 - 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 2.04 0.00 0.00 - 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 103.91% 97.62% 95.02% 95.04% 95.56% 97.88% 100.06% 99.11% - 103.36% 100.71%
Augmented Payout Ratio		 103.91% 97.62% 95.02% 95.04% 95.56% 97.88% 100.06% 99.11% - 103.36% 100.71%

Financials Breakdown Chart

Key Financial Trends

Equity Lifestyle Properties’ latest results show improving operating momentum. In Q2 2026, revenue increased to $397.3 million from $376.2 million in the restated Q2 2025, a 5.6% gain. Consolidated net income rose 19.2% to $99.5 million, while net income attributable to common shareholders increased 20.8% to $96.3 million. Basic and diluted EPS improved to $0.50 from $0.42.

Cash generation also strengthened year over year. Operating cash flow increased to $147.9 million from $131.3 million, more than offsetting the rise in property and equipment spending to $64.2 million from $59.5 million. As a result, a simple operating cash flow less capital expenditures measure improved to approximately $83.8 million from $71.8 million. However, quarterly performance remains somewhat uneven: Q2 revenue, net income and operating cash flow were all below Q1 2026 levels.

Over the longer period represented in the data, Equity Lifestyle Properties has expanded its asset base. Total assets increased from $5.41 billion in Q3 2022 to $5.80 billion in Q2 2026, while net premises and equipment grew from $5.06 billion to $5.47 billion. The company continues to fund significant capital investment and dividends with recurring operating cash flow, but it also carries substantial debt and remains sensitive to financing costs and capital-market conditions.

  • Improving earnings: Q2 2026 common-shareholder net income rose more than 20% year over year, and EPS increased to $0.50 from $0.42.
  • Stronger operating cash flow: Cash generated from operations rose 12.7% year over year to $147.9 million.
  • Healthy cash coverage of capital spending: Operating cash flow exceeded property and equipment purchases by approximately $83.8 million in Q2 2026.
  • Continued property investment: Net premises and equipment increased 3.4% from Q2 2025 and approximately 8% from Q3 2022, supporting long-term portfolio growth.
  • Stable recurring revenue base: Other non-interest income remained strong at $376.8 million in Q2 2026, compared with $358.3 million in Q2 2025.
  • Quarterly volatility: Q2 2026 results improved year over year but declined from Q1 2026, with net income falling from $111.5 million to $99.5 million.
  • Noncash expense remains significant: Depreciation and amortization totaled approximately $56.1 million in Q2 2026, supporting cash flow but reducing reported earnings.
  • High leverage: Total debt was approximately $3.31 billion at June 30, 2026, equal to roughly 57% of total assets.
  • Debt-funded financing pattern: The company issued $232.0 million of debt in Q2 2026 while repaying $210.5 million, indicating continued reliance on refinancing and debt markets.
  • Large dividend commitment: Equity Lifestyle Properties paid $108.7 million in dividends during Q2 2026, a substantial cash use relative to its $147.9 million of operating cash flow.
09/12/26 09:38 AM ETAI Generated. May Contain Errors.

Equity Lifestyle Properties Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Equity Lifestyle Properties' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Equity Lifestyle Properties' net income appears to be on an upward trend, with a most recent value of $402.06 million in 2025, rising from $150.51 million in 2015. The previous period was $384.82 million in 2024. View Equity Lifestyle Properties' forecast to see where analysts expect Equity Lifestyle Properties to go next.

Over the last 10 years, Equity Lifestyle Properties' total revenue changed from $821.65 million in 2015 to $1.53 billion in 2025, a change of 86.4%.

Equity Lifestyle Properties' total liabilities were at $3.93 billion at the end of 2025, a 2.8% increase from 2024, and a 63.2% increase since 2015.


Related Companies

Financial statements for NYSE:ELS last updated on 7/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Elon’s “nude” scandal – a big opportunity?
Elon Musk's SpaceX just hit a legal snag in Minnesota over Grok's AI nudification capabilities, with the state...
InvestorPlace | Sponsoredtc pixel
Gold led me to Mount Rushmore
A small miner just hit on gold in the hills surrounding Mount Rushmore, thanks to a breakthrough new technolog...
Stansberry Research | Sponsoredtc pixel
Why I'm NOT Buying the SpaceX IPO (And What I'm Buying Instead)
Don't buy Nvidia... Not when the AI companies that will define the next decade are selling for pennies. You wo...
Decentralized Masters | Sponsoredtc pixel
BlackRock and Vanguard already own THIS
Institutions own roughly 88 percent of an overlooked American oil and natural gas company. BlackRock holds 32 ...
Monument Traders Alliance | Sponsoredtc pixel
They didn't warn anyone in 1971. This time someone is warning you.
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Shocking AI prediction from the “Billionaire Whisperer"
Marc Chaikin's Power Gauge system flagged Micron before it soared 970 percent, Celestica before a 6,600 percen...
Chaikin Analytics | Sponsoredtc pixel
After KDA, PRE, and OCEAN—this is the one
17,556% on KDA. Here's what I'm buying now. It's a coin under $1.00 that most investors have never heard of...
Crypto 101 Media | Sponsoredtc pixel
Elon Musk’s Hushed FCC Filing. Sept 25th.
Elon Musk quietly filed a document with the federal government tied to artificial intelligence, one of the lar...
Paradigm Press | Sponsoredtc pixel