ELS
$58.25+1.09%
as of close, Oct 2, 2026
☾ AH $58.25 +1.09%
Equity Lifestyle Properties Inc.Stock · Real EstateUS REITs 0.6%Russell 1000 0.02%US Stock Market 0.02%Russell 3000 0.02%
ELS financial statements
The full income statement, balance sheet, and cash-flow statement for Equity Lifestyle Properties Inc. (ELS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-03 186.5M2024-06 186.5M2024-09 191.0M2024-12 191.1M2025-03 191.2M2025-06 193.8M2025-09 193.8M2025-12 193.9M2026-03 193.9M+4.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.53B+0.3% | 1.53B+2.5% | 1.49B+2.9% | 1.45B+9.9% | 1.32B+17.7% | ||
| Lease income | 1.28B+4.0% | 1.23B+4.6% | 1.18B+5.4% | 1.12B+8.3% | 1.03B+11.8% | |
| Selling, general & administrative | 37.5M-2.5% | 38.5M-18.6% | 47.3M+5.4% | 44.9M+13.3% | 39.6M+0.8% | |
| General & administrative | 37.5M-2.5% | 38.5M-18.6% | 47.3M+5.4% | 44.9M+13.3% | 39.6M+0.8% | |
| Selling & marketing | 16.1M-27.2% | 22.1M+5.2% | 21.0M+3.2% | 20.3M+8.8% | 18.7M+19.1% | |
| Provision for credit losses | 7.07M+20.5% | 5.87M+22.5% | 4.79M-8.6% | 5.24M-39.5% | 8.67M+19.0% | |
| Operating income | 391M+2.8% | 381M+18.9% | 320M+8.3% | 295M+8.6% | 272M | |
| Interest expense | 131M-4.9% | 138M+4.1% | 132M+13.5% | 117M+7.2% | 109M+5.8% | |
| Interest & investment income | 9.57M+3.6% | 9.24M+2.2% | 9.04M+21.6% | 7.43M+5.9% | 7.02M-1.9% | |
| Equity-method income | 6.52M+4.4% | 6.25M+130.3% | 2.71M-19.3% | 3.36M-13.3% | 3.88M-28.1% | |
| Pre-tax income | — | — | — | 295M+8.6% | 272M+15.3% | |
| Income tax | -3.27M-824.6% | -354K+96.6% | -10.5M | 0.00 | 0.00 | |
| 402M+4.5% | 385M+16.7% | 330M+10.3% | 299M+8.3% | 276M+14.3% | ||
| Net income to common | 386M+5.3% | 367M+16.8% | 314M+10.4% | 285M+8.4% | 262M+15.0% | |
| $2.01+2.6% | $1.96+16.0% | $1.69+10.5% | $1.53+7.0% | $1.43+14.4% | ||
| EPS (basic) | $2.01+2.6% | $1.96+16.0% | $1.69+10.5% | $1.53+7.0% | $1.43+13.5% | |
| Weighted-avg shares (basic) | 192M+2.5% | 187M+0.7% | 186M+0.2% | 186M+1.6% | 183M+0.6% | |
| Weighted-avg shares (diluted) | 200M+1.8% | 197M+0.6% | 195M+0.1% | 195M+1.2% | 193M+0.2% | |
| Dividends per share | $2.06+7.9% | $1.91+9.1% | $1.75+10.0% | $1.59+13.0% | $1.41+5.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 26.1M+6.3% | 24.6M-17.9% | 29.9M+34.0% | 22.3M-81.9% | 123M+412.9% | |
| 5.75B+1.8% | 5.65B+0.6% | 5.61B+2.2% | 5.49B+3.5% | 5.31B+20.1% | ||
| Operating lease right-of-use | 20.8M-13.0% | 23.9M+1.3% | 23.6M-8.9% | 25.9M-14.5% | 30.3M+93.0% | |
| Goodwill | 17.6M+0.0% | 17.6M+0.0% | 17.6M+0.0% | 17.6M+1.1% | 17.4M+123.1% | |
| Intangible assets | 38.0M+0.0% | 38.0M+0.0% | 38.0M+0.0% | 38.0M+0.0% | 38.0M+708.5% | |
| 3.93B+2.8% | 3.82B-7.1% | 4.12B+3.5% | 3.98B+4.0% | 3.82B+22.7% | ||
| Long-term debt | 3.35B+4.4% | 3.20B-8.9% | 3.52B+3.9% | 3.39B+3.5% | 3.27B+33.9% | |
| Operating lease liability (total) | 24.0M-11.6% | 27.1M+5.4% | 25.7M-8.2% | 28.0M-8.8% | 30.7M+87.2% | |
| 1.76B+0.9% | 1.74B+21.8% | 1.43B-1.2% | 1.45B+2.1% | 1.42B+14.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.99M+1.3% | 1.96M+2.3% | 1.92M+0.1% | 1.92M+0.2% | 1.91M+5.5% | |
| Additional paid-in capital | 1.98B+1.5% | 1.95B+18.7% | 1.64B+1.0% | 1.63B+2.2% | 1.59B+12.9% | |
| Accumulated other comprehensive income | -2.21M-195.9% | 2.30M-62.0% | 6.06M-68.3% | 19.1M+442.5% | 3.52M | |
| Total equity incl. non-controlling | 1.81B-0.5% | 1.82B+21.7% | 1.50B-1.2% | 1.52B+2.1% | 1.49B+13.9% | |
| Total liabilities & equity | 5.75B+1.8% | 5.65B+0.6% | 5.61B+2.2% | 5.49B+3.5% | 5.31B+20.1% | |
| Common shares issued | 194M+1.5% | 191M+2.5% | 186M+0.2% | 186M+0.3% | 186M+1.9% | |
| Common shares outstanding | 194M+1.5% | 191M+2.5% | 186M+0.2% | 186M+0.3% | 186M+1.9% | |
| Shares outstanding (cover) | 194M+1.5% | 191M+2.5% | 186M+0.2% | 186M+0.1% | 186M+2.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 571M-4.3% | 597M+8.9% | 548M+15.2% | 476M-6.5% | 509M+21.9% | ||
| Depreciation & amortization | 209M+2.5% | 204M+0.1% | 204M+0.7% | 202M+7.4% | 188M+21.5% | |
| Share-based compensation | 7.25M-22.6% | 9.37M-47.4% | 17.8M+103.6% | 8.76M-31.0% | 12.7M+10.1% | |
| Deferred income taxes | -1.22M-245.2% | -354K+96.6% | -10.5M | 0.00 | 0.00 | |
| -277M-27.2% | -218M+32.9% | -325M+19.2% | -402M+51.5% | -828M-106.5% | ||
| Capital expenditure | 237M-1.7% | 241M-23.9% | 317M+27.2% | 249M+22.0% | 204M-2.4% | |
| Free cash flow | 334M-6.0% | 355M+53.9% | 231M+1.9% | 227M-25.7% | 305M+46.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 2.52M | 0.00 | 0.00 | — | — | |
| -293M+23.9% | -384M-78.2% | -216M-23.4% | -175M-141.7% | 419M+2098.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00-100.0% | 317M | 0.00-100.0% | 28.4M-79.8% | 140M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 388M+10.7% | 351M+7.4% | 326M+10.2% | 296M+13.1% | 262M+7.7% | |
| Net change in cash | 1.56M+129.0% | -5.36M-170.6% | 7.59M+107.5% | -101M-201.7% | 99.3M+2169.5% | |
| Interest paid | 130M-7.1% | 140M+7.5% | 130M+16.4% | 112M+7.4% | 104M+3.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 11.8B-7.7% | 12.7B-3.2% | 13.1B+9.4% | 12.0B-26.2% | 16.3B+41.1% | |
| P/E | 29.2×-11.6% | 33.1×-22.0% | 42.4×+2.7% | 41.3×-30.0% | 59.1×+23.4% | |
| P/S | 7.7×-8.0% | 8.3×-6.8% | 8.9×+7.3% | 8.3×-32.7% | 12.4×+19.9% | |
| P/B | 6.7×-8.5% | 7.3×-20.6% | 9.2×+10.9% | 8.3×-27.9% | 11.5×+23.0% | |
| P/FCF | 35.2×-1.8% | 35.8×-37.1% | 56.9×+29.9% | 43.8×-18.1% | 53.5×-3.6% | |
| Earnings yield | 3.4%+13.2% | 3.0%+28.2% | 2.4%-2.6% | 2.4%+42.9% | 1.7%-19.0% | |
| FCF yield | 2.8%+1.8% | 2.8%+59.0% | 1.8%-23.0% | 2.3%+22.1% | 1.9%+3.7% | |
| Dividend yield | 3.4%+18.5% | 2.9%+15.6% | 2.5%+0.8% | 2.5%+53.3% | 1.6%-23.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K/A | 10-K |
About this data
Source: ELS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ELS filings on SEC EDGAR → Not investment advice.