ELS Equity Lifestyle Properties margins

Relative Growth: Rel. Growth: 53

Relative Strength: Rel. Strength: 38

Relative Valuation: Rel. Valuation: 30

Relative Profitability: Rel. Profitability: 75

Gross margin

52.4%

Operating margin

34.8%

EBITDA margin

48%

Net margin

25.7%

At present, Equity Lifestyle Properties reports a gross margin of 52.4%, an operating margin of 34.8%, an EBITDA margin of 48%, and a net margin of 25.7%. Net margin had the largest improvement, increasing by 1.6 percentage points, while the other available margins also improved.

ELS margin history

Gross, operating, EBITDA and net margin trends

Equity Lifestyle Properties's margins averaged 51.1% gross, 33.45% operating, 46.36% EBITDA, and 24.04% net during the last 3 years. Currently all four current margins are above their three-year averages.

ELS margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.6 percentage points, operating margin by 1 percentage point, EBITDA margin by 1.5 percentage points, and net margin by 1.6 percentage points, led by net margin with an increase of 1.6 percentage points.

Gross margin expansion

0.6pp

Operating margin expansion

1pp

EBITDA margin expansion

1.5pp

Net margin expansion

1.6pp

ELS Gross margin

Across the last 3 years, Equity Lifestyle Properties's gross margin came to 51.1%. Compared with its three-year average, Equity Lifestyle Properties's current gross margin is 52.4% and is 1.3 percentage points above its three-year average. Gross margin was highest at 52.4% in Jun 2026 and lowest at 49.5% in Dec 2023.

ELS Operating margin

Looking at the last 3 years, Equity Lifestyle Properties had an average operating margin of 33.45%. Against its three-year average, Equity Lifestyle Properties's operating margin is currently 34.8%, 1.4 percentage points above its three-year average. Looking back over the last 3 years, Equity Lifestyle Properties's operating margin reached 34.8% at its highest point in Jun 2026 and 30.4% at its lowest in Dec 2023.

ELS EBITDA margin

Over the last 3 years, the average EBITDA margin for Equity Lifestyle Properties was 46.36%. The current EBITDA margin stands at 48%, 1.6 percentage points above its three-year average. Equity Lifestyle Properties's EBITDA margin ranged from a low of 43.3% in Dec 2023 to a high of 48% in Jun 2026.

ELS Net margin

Looking back over the last 3 years, Equity Lifestyle Properties recorded an average net margin of 24.04%. Equity Lifestyle Properties's current net margin is 25.7% and is 1.7 percentage points above its three-year average. The highest net margin for Equity Lifestyle Properties was 25.7% in Jun 2026, while the lowest was 21.1% in Dec 2023.

ELS margin group comparison

Margins compared with peer-group, industry and sector averages

Equity Lifestyle Properties's gross margin of 52.4% is lower than the Real Estate sector, the industry and its peers average. Looking at the Real Estate sector average of 63%, Equity Lifestyle Properties's gross margin is 17% lower.

ELS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Equity Lifestyle Properties's gross margin?

The current gross margin for ELS is 52.4% as of Jun 30, 2026.

What is Equity Lifestyle Properties's operating margin?

The current operating margin for ELS is 34.8% as of Jun 30, 2026.

What is Equity Lifestyle Properties's EBITDA margin?

For the period ending Jun 30, 2026, ELS recorded an EBITDA margin of 48%.

What is Equity Lifestyle Properties's net margin?

For the period ending Jun 30, 2026, ELS recorded a net margin of 25.7%.

What are the average margins of ELS?

Across the last 3 years, ELS averaged 51.1% gross, 33.5% operating, 46.4% EBITDA, and 24.0% net.

What are the highest historical margins of ELS?

Over this 5-year history, ELS peaked at 52.4% gross in Jun 2026, 34.8% operating in Jun 2026, 48% EBITDA in Jun 2026, and 25.7% net in Jun 2026.

What are the lowest historical margins of ELS?

Over this 5-year history, Equity Lifestyle Properties's margins fell as low as 47.7% gross in Sep 2022, 28.1% operating in Sep 2022, 41.4% EBITDA in Sep 2022, and 19.2% net in Sep 2022.