Equity Lifestyle Properties Inc income statement
In fiscal 2025, Equity Lifestyle Properties Inc reported revenue of $1.53bn, up 0.3% on the year before, operating income of $391m (a 25.6% margin) and net income of $402m, or $2.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 503 | 517 | 577 | 684 | 729 | 777 | 822 | 870 | 925 | 987 | 1,037 | 1,119 | 1,316 | 1,447 | 1,489 | 1,526 | 1,531 | 1,579 |
| Selling and marketing | 14 | 13 | 11 | 11 | 14 | 12 | 12 | 11 | 11 | 13 | 16 | 16 | 19 | 20 | 21 | 22 | 16 | 17 |
| General and administrative | 22 | 23 | 42 | 26 | 28 | 27 | 31 | 31 | 32 | 38 | 36 | 39 | 40 | 45 | 47 | 38 | 38 | 42 |
| Operating income | 162 | 172 | 177 | 206 | 255 | 272 | 295 | 315 | 337 | 356 | — | — | 272 | 295 | 320 | 381 | 391 | 413 |
| Interest expense | 98 | 91 | 99 | 124 | 119 | 112 | 106 | 102 | 101 | 105 | 104 | 103 | 109 | 117 | 132 | 138 | 131 | 136 |
| Income before tax | 48 | 59 | 40 | 62 | 75 | 132 | 146 | 185 | 207 | 221 | 287 | 236 | 272 | 295 | — | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | −10 | −0 | −3 | — |
| Net income | 34 | 44 | 26 | 60 | 126 | 138 | 151 | 187 | 210 | 226 | 296 | 241 | 276 | 299 | 330 | 385 | 402 | 416 |
| Diluted EPS | $0.30 | $0.31 | $0.16 | $0.33 | $0.64 | $0.70 | $0.77 | $0.96 | $1.08 | $1.19 | $1.54 | $1.25 | $1.43 | $1.53 | $1.69 | $1.96 | $2.01 | $2.08 |
| Diluted shares (average) | 132m | 142m | 161m | 182m | 182m | 183m | 184m | 185m | 187m | 190m | 192m | 193m | 193m | 195m | 195m | 197m | 200m | 200m |
| EBITDA | 236 | 244 | 262 | 312 | 365 | 384 | 410 | 434 | 460 | 493 | — | — | 461 | 498 | 524 | 585 | 600 | 627 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 372 | 387 | 377 | 393 | 374 | 398 | 398 | 410 |
| Selling and marketing | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 |
| General and administrative | 8 | 9 | 10 | 9 | 9 | 11 | 12 | 10 |
| Operating income | 101 | 109 | 84 | 98 | 100 | 112 | 99 | 101 |
| Interest expense | 32 | 31 | 32 | 34 | 34 | 34 | 34 | 35 |
| Income tax | −0 | — | — | −1 | −2 | — | — | 12 |
| Net income | 114 | 114 | 83 | 100 | 116 | 111 | 100 | 89 |
| Diluted EPS | $0.51 | $0.57 | $0.42 | $0.50 | $0.52 | $0.56 | $0.50 | $0.45 |
| EBITDA | 152 | 160 | 137 | 150 | 153 | 166 | 153 | 156 |
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