Equity LifeStyle Properties, Inc. (ELS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 397.62M | 417.93M | 373.35M | 372.58M | 367.52M | 341.52M | 389.17M | 374.97M | 366.81M | 289.02M | 401.92M | 365.28M | 348.06M | 336.89M | 376.7M | 360.97M | 356.53M | 322.47M | 344.19M | 327.14M |
| Revenue Growth % | 8.19% | 22.37% | -4.06% | -0.64% | 0.19% | 18.17% | -3.17% | 2.65% | 5.39% | -14.21% | 6.69% | 1.2% | -2.37% | 4.47% | 9.45% | 10.34% | 18.47% | 19.78% | 22.16% | 30.19% |
| Property Operating Expenses | 288.51M | 402.29M | 191.58M | 186.89M | 174.33M | 162.79M | 301.16M | 193.29M | 177.25M | 169.44M | 199.22M | 189.67M | 173.4M | 164.68M | 200.14M | 193.56M | 172M | 163.57M | 179.42M | 168.91M |
| Net Operating Income (NOI) | 109.12M | 15.64M | 181.77M | 185.69M | 193.19M | 178.73M | 88.01M | 181.68M | 189.57M | 119.57M | 202.7M | 175.61M | 174.66M | 172.21M | 176.56M | 167.41M | 184.52M | 158.9M | 164.78M | 158.23M |
| NOI Margin % | 27.44% | 3.74% | 48.69% | 49.84% | 52.57% | 52.33% | 22.61% | 48.45% | 51.68% | 41.37% | 50.43% | 48.07% | 50.18% | 51.12% | 46.87% | 46.38% | 51.76% | 49.28% | 47.87% | 48.37% |
| Operating Expenses | -36.97M | -158.49M | 72.49M | 74.15M | 70.28M | 69.61M | -33.81M | 73.93M | 74.54M | 71.03M | 73.72M | 80.76M | 73.92M | 70.18M | 76.65M | 75.51M | 72.28M | 65.26M | 66.42M | 69.49M |
| G&A Expenses | 14.94M | -7.44M | 20.18M | 21.5M | 19.34M | 19.12M | 23.06M | 22.58M | 23.43M | 20.23M | 22.75M | 29.3M | 23.42M | 21M | 24.1M | 24.71M | 22.88M | 15.62M | 23.47M | 22.62M |
| EBITDA | 199.22M | 223.47M | 162.8M | 165.41M | 175.09M | 161.02M | 172.75M | 160.48M | 167.45M | 100.67M | 181.27M | 147.66M | 152.59M | 153.01M | 153.81M | 143.83M | 162.48M | 144.74M | 143.5M | 137.8M |
| EBITDA Margin % | 50.1% | 53.47% | 43.61% | 44.39% | 47.64% | 47.15% | 44.39% | 42.8% | 45.65% | 34.83% | 45.1% | 40.42% | 43.84% | 45.42% | 40.83% | 39.85% | 45.57% | 44.88% | 41.69% | 42.12% |
| Depreciation & Amortization | 53.14M | 49.33M | 53.52M | 53.87M | 52.18M | 51.91M | 50.93M | 52.73M | 52.43M | 52.13M | 52.29M | 52.81M | 51.86M | 50.98M | 53.9M | 51.94M | 50.24M | 51.1M | 45.15M | 49.07M |
| D&A / Revenue % | 13.36% | 11.8% | 14.33% | 14.46% | 14.2% | 15.2% | 13.09% | 14.06% | 14.29% | 18.04% | 13.01% | 14.46% | 14.9% | 15.13% | 14.31% | 14.39% | 14.09% | 15.85% | 13.12% | 15% |
| Operating Income | 146.08M | 174.13M | 109.28M | 111.54M | 122.91M | 109.12M | 121.82M | 107.75M | 115.03M | 48.54M | 128.97M | 94.85M | 100.73M | 102.03M | 99.91M | 91.9M | 112.24M | 93.64M | 98.36M | 88.73M |
| Operating Margin % | 36.74% | 41.67% | 29.27% | 29.94% | 33.44% | 31.95% | 31.3% | 28.74% | 31.36% | 16.79% | 32.09% | 25.97% | 28.94% | 30.29% | 26.52% | 25.46% | 31.48% | 29.04% | 28.58% | 27.12% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 4.31x | 0.49x | 2.12x | 3.59x | 4.67x | 4.18x | 3.43x | 3.28x | 4.44x | 3.57x | 3.48x | 2.96x | 3.64x | 3.44x | 3.32x | 3.26x | 4.16x | 3.42x | 3.68x | 3.32x |
| Non-Operating Income | 945K | 170.59M | -24.74M | -4.16M | -22.62M | -22.96M | -3.46M | -10.41M | -33.79M | -70.05M | 12.75M | -3.35M | -17.79M | -5.45M | 1.11M | 506K | -2.1M | -2.06M | -2.25M | -1.41M |
| Pretax Income | 111.49M | 100.54M | 100.36M | 83.49M | 114.39M | 100.44M | 86.86M | 82.13M | 115.27M | 96.43M | 70.25M | 66.05M | 86.46M | 76.68M | 70.51M | 64.59M | 87.05M | 68.84M | 74.09M | 64.08M |
| Pretax Margin % | 28.04% | 24.06% | 26.88% | 22.41% | 31.13% | 29.41% | 22.32% | 21.9% | 31.42% | 33.36% | 17.48% | 18.08% | 24.84% | 22.76% | 18.72% | 17.89% | 24.42% | 21.35% | 21.53% | 19.59% |
| Income Tax | 0 | -3.27M | 0 | 0 | 0 | -115K | 0 | 0 | 0 | 0 | -10.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | -3.26% | 0% | 0% | 0% | -0.11% | 0% | 0% | 0% | 0% | -14.93% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 107.9M | 100.47M | 97.13M | 79.72M | 109.19M | 95.98M | 82.82M | 78.31M | 109.91M | 91.94M | 76.97M | 62.93M | 82.37M | 73.04M | 67.16M | 61.52M | 82.91M | 65.55M | 70.63M | 61.06M |
| Net Margin % | 27.14% | 24.04% | 26.02% | 21.4% | 29.71% | 28.1% | 21.28% | 20.88% | 29.96% | 31.81% | 19.15% | 17.23% | 23.67% | 21.68% | 17.83% | 17.04% | 23.25% | 20.33% | 20.52% | 18.66% |
| Net Income Growth % | -1.18% | 4.67% | 17.28% | 1.8% | -0.65% | 4.4% | 7.6% | 24.44% | 33.43% | 25.87% | 14.6% | 2.29% | -0.65% | 11.42% | -4.9% | 0.75% | 27.08% | 1.39% | 39.69% | 32.18% |
| Funds From Operations (FFO) | 161.04M | 149.8M | 150.65M | 133.58M | 161.37M | 147.89M | 133.75M | 131.03M | 162.33M | 144.07M | 129.26M | 115.74M | 134.23M | 124.02M | 121.06M | 113.45M | 133.14M | 116.65M | 115.77M | 110.13M |
| FFO Margin % | 40.5% | 35.84% | 40.35% | 35.85% | 43.91% | 43.3% | 34.37% | 34.95% | 44.25% | 49.85% | 32.16% | 31.69% | 38.57% | 36.81% | 32.14% | 31.43% | 37.34% | 36.17% | 33.64% | 33.66% |
| FFO Growth % | -0.2% | 1.29% | 12.63% | 1.95% | -0.59% | 2.65% | 3.48% | 13.21% | 20.93% | 16.17% | 6.77% | 2.02% | 0.82% | 6.32% | 4.57% | 3.02% | 19.56% | 11.58% | 28.9% | 29.28% |
| FFO per Share | 0.80 | 0.75 | 0.75 | 0.67 | 0.81 | 0.74 | 0.68 | 0.67 | 0.83 | 0.74 | 0.66 | 0.59 | 0.69 | 0.64 | 0.62 | 0.61 | 0.68 | 0.63 | 0.60 | 0.60 |
| FFO Payout Ratio % | 64.05% | 68.85% | 68.46% | 77.21% | 59.23% | 63.16% | 69.84% | 71.28% | 53.9% | 60.73% | 67.69% | 75.57% | 59.68% | 64.58% | 66.17% | 70.59% | 53.08% | 59.93% | 60.38% | 63.46% |
| EPS (Diluted) | 0.54 | 0.44 | 0.50 | 0.42 | 0.57 | 0.48 | 0.42 | 0.42 | 0.59 | 0.49 | 0.42 | 0.34 | 0.44 | 0.39 | 0.36 | 0.33 | 0.45 | 0.36 | 0.38 | 0.33 |
| EPS Growth % | -5.26% | -8.33% | 19.05% | 0% | -3.39% | -2.04% | 0% | 23.53% | 34.09% | 25.64% | 16.67% | 3.03% | -2.22% | 8.33% | -5.26% | 0% | 25% | 28.57% | 35.71% | 32% |
| EPS (Basic) | 0.56 | 0.44 | 0.50 | 0.42 | 0.57 | 0.50 | 0.44 | 0.42 | 0.59 | 0.49 | 0.42 | 0.34 | 0.44 | 0.39 | 0.36 | 0.33 | 0.45 | 0.36 | 0.38 | 0.33 |
| Diluted Shares Outstanding | 200.18M | 200.11M | 200.13M | 200.09M | 200.07M | 199.93M | 195.51M | 195.47M | 195.54M | 195.47M | 195.47M | 195.43M | 195.37M | 195.28M | 195.27M | 185.77M | 195.25M | 183.89M | 192.74M | 182.34M |