Equity Lifestyle Properties Inc (ELS) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Equity Lifestyle Properties reported revenue of $1.53B, up 0.3% from $1.53B the year before. Net income was $402.1M (a 26.3% net margin), or $2.01 per diluted share. Gross margin was 25.6% and operating margin was 25.6%. Operating activities generated $571.1M of cash. At fiscal year end, Equity Lifestyle Properties held $5.75B in total assets against $3.93B in total liabilities.
Open the full interactive Equity Lifestyle Properties financials → Quarterly statements, key ratios, valuation history and price charts.
Equity Lifestyle Properties Key Stats
| Share Price | $58.94 |
|---|---|
| Market Cap | $11.80B |
| P/E Ratio | 29.3 |
| Revenue YoY Growth | +0.3% |
| 52-Week Range | $57.62 – $67.03 |
| Shares Outstanding | 193.7 million (basic, 2026 Q2) |
Equity Lifestyle Properties Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.09B | $1.27B | $1.45B | $1.49B | $1.53B | $1.53B |
| Cost of Goods Sold | $855.4M | $999.5M | $1.15B | $1.17B | $1.15B | $1.14B |
| Gross Profit | $236.0M | $272.2M | $295.5M | $320.1M | $380.7M | $391.3M |
| Operating Income | $387.4M | $422.9M | $458.1M | $320.1M | $380.7M | $391.3M |
| Pre-Tax Income | $236.0M | $272.1M | $295.5M | $319.2M | $384.5M | $398.8M |
| Income Tax | -$5.4M | -$3.9M | -$3.4M | -$10.5M | -$354,000 | -$3.3M |
| Net Income | $241.4M | $276.0M | $298.8M | $329.7M | $384.8M | $402.1M |
| Diluted EPS | $1.25 | $1.43 | $1.53 | $1.69 | $1.96 | $2.01 |
Equity Lifestyle Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $393.3M | $373.9M | $397.6M | $397.8M |
| Net Income | $100.4M | $103.8M | $111.5M | $99.5M |
| Diluted EPS | $0.50 | $0.52 | $0.56 | $0.50 |
Equity Lifestyle Properties Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $4.42B | $5.31B | $5.49B | $5.61B | $5.65B | $5.75B |
| Total Long-Term Debt | $2.44B | $3.27B | $3.39B | $3.52B | $3.20B | $3.35B |
| Total Liabilities | $3.11B | $3.82B | $3.98B | $4.12B | $3.82B | $3.93B |
| Shareholders' Equity | $1.23B | $1.42B | $1.45B | $1.43B | $1.74B | $1.76B |
Equity Lifestyle Properties Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $466.5M | $595.1M | $599.3M | $548.0M | $596.7M | $571.1M |
| Cash From Investing | -$450.4M | -$914.5M | -$525.6M | -$324.8M | -$217.8M | -$277.1M |
| Cash From Financing | -$21.0M | $418.7M | -$174.8M | -$215.7M | -$384.2M | -$292.5M |
| Free Cash Flow | $257.3M | $197.1M | $466.5M | — | — | — |
Figures from Equity Lifestyle Properties' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Equity Lifestyle Properties financials page for every line item.
Equity Lifestyle Properties Company Profile
| Ticker | ELS |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Chicago, Illinois |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000895417 |
Frequently Asked Questions
What was Equity Lifestyle Properties' revenue in fiscal 2025?
Equity Lifestyle Properties (ELS) reported revenue of $1.53B for fiscal 2025.
What is Equity Lifestyle Properties' annual revenue history?
Equity Lifestyle Properties' annual revenue by fiscal year: 2020: $1.09B; 2021: $1.27B; 2022: $1.45B; 2023: $1.49B; 2024: $1.53B; 2025: $1.53B.
What was Equity Lifestyle Properties' net income in fiscal 2025?
Equity Lifestyle Properties reported net income of $402.1M for fiscal 2025.
What was Equity Lifestyle Properties' earnings per share (EPS) in fiscal 2025?
Equity Lifestyle Properties' diluted EPS was $2.01 for fiscal 2025 (adjusted for any later stock splits).
What was Equity Lifestyle Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), Equity Lifestyle Properties reported revenue of $397.8M.
How much debt does Equity Lifestyle Properties have?
Equity Lifestyle Properties reported $3.35B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Equity Lifestyle Properties are outstanding?
Equity Lifestyle Properties reported a weighted average of 193.7 million basic shares outstanding in 2026 Q2.
What is Equity Lifestyle Properties' market cap?
Based on its latest closing price, Equity Lifestyle Properties (ELS) has a market capitalization of about $11.80B.
When does Equity Lifestyle Properties' fiscal year end?
Equity Lifestyle Properties' fiscal year end, as registered with the SEC, is December 31.
Where is Equity Lifestyle Properties headquartered?
Equity Lifestyle Properties lists its business address in Chicago, Illinois in its SEC filings.