ELS: the balance sheet

MyFinsight

For the year ending 2025-12-31, ELS has $5,745,393K in assets. $3,930,567K in debts.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Land	2,088,174
Land improvements	4,784,223
Buildings and other depreciable property	1,306,317
Investment in real estate	8,178,714
Accumulated depreciation	2,838,344
Net investment in real estate	5,340,370
Cash and restricted cash	26,132
Notes receivable, net	93,358
Investment in unconsolidated joint ventures	85,041
Deferred commission expense	58,149
Other assets, net	142,343
Total assets	5,745,393

Mortgage notes payable, net	2,779,158
Term loans, net	437,455
Unsecured line of credit	105,000
Accounts payable and other liabilities	152,536
Deferred membership revenue	221,498
Accrued interest payable	11,333
Rents and other customer payments received in advance and security deposits	120,441
Distributions payable	103,146
Total liabilities	3,930,567
Common stock, 0.01 par value, 600,000,000 shares authorized as of december 31, 2025 and december 31, 2024 193,835,561 and 191,056,527 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively	1,988
Paid-in capital	1,981,540
Distributions in excess of accumulated earnings	225,045
Accumulated other comprehensive income/(loss)	-2,208
Total stockholders equity	1,756,275
Non-controlling interests common op units	58,551
Total equity	1,814,826
Total liabilities and equity	5,745,393

Unit: Thousand (K) dollars