Filing Flows › Equity Lifestyle Properties (ELS) › Q3 2026
Equity Lifestyle Properties (ELS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Equity Lifestyle Properties (ELS) reported revenue of $410M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +3% from the quarter before. Operating margin was 24.6%, net earnings $89.2M (21.8% of revenue).
Equity Lifestyle Properties, Q3 2026: revenue $410M (+4% year over year), operating margin 24.6%, net earnings $89.2M, operating cash flow $152M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $410M | +3% | +4% |
| Operating profit | $101M | +1% | +3% |
| Net earnings | $89.2M | -10% | -11% |
| Operating cash flow | $152M | +3% | +3% |
| Free cash flow | $101M | +21% | +33% |
What changed
Revenue was $409.9M in Q3 2026, up 4% year over year and up 3% from the previous quarter.
Operating profit was $100.7M, a 24.6% margin (down 0.4 points year over year). Of the extra revenue versus Q3 2025, 15% reached operating profit, below the 25% margin then. Total costs grew 5% against revenue growth of 4%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $89.2M, down 11% year over year. The effective tax rate was 11.9%.
Operating cash flow was $151.8M (up 3% year over year), 170% of net earnings. Non-cash charges added back $54.9M of depreciation and amortization and $2.2M of share-based compensation. Capital expenditures of $50.7M left free cash flow of $101.1M.
Questions
What was Equity Lifestyle Properties' revenue in the third quarter 2026?
Equity Lifestyle Properties (ELS) reported revenue of $410M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +3% from the quarter before.
Was Equity Lifestyle Properties profitable in the third quarter 2026?
Operating profit was $101M (24.6% of revenue) and net earnings $89.2M.