Equity LifeStyle Properties Inc (ELS) FinancialsELSEquity LifeStyle Properties Inc

Equity LifeStyle Properties Inc (ELS) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Rental income, accounting for 83.6% of total sales, equivalent to $326.53M. Other significant revenue streams include Annual membership subscriptions and Utility and other income. Understanding this composition is critical for investors evaluating how ELS navigates market cycles within the Residential REITs industry.

Evaluating the bottom line, Equity LifeStyle Properties Inc maintains a gross margin of 38.42%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 32.75%, while the net margin is 21.88%. These profitability ratios, combined with a Return on Equity (ROE) of 22.34%, provide a clear picture of how effectively ELS converts its operational activities into shareholder value.

In the context of the broader market, ELS competes directly with industry leaders such as AHR and GLPI. With a market capitalization of $11.49B, it holds a significant position in the sector. When comparing efficiency, ELS's gross margin of 38.42% stands against AHR's 18.48% and GLPI's 95.93%. Such benchmarking helps identify whether Equity LifeStyle Properties Inc is trading at a premium or discount relative to its financial performance.

The company reported a net income per share of $0.45 for Q3 2026, showing resilience despite a decrease due to tax valuation allowances. The gross margin has been relatively stable, around 38% to 42% over the past quarters, indicating solid operational efficiency.