ELS: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, ELS has $5,747,181K in assets. $3,935,428K in debts.

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

Balance Sheets	2025-09-30	2025-06-30
Land	2,088,463	2,088,606
Land improvements	4,739,532	4,680,281
Buildings and other depreciable property	1,280,579	1,259,620
Investment in real estate	8,108,574	8,028,507
Accumulated depreciation	2,787,438	2,737,656
Net investment in real estate	5,321,136	5,290,851
Cash and restricted cash	39,291	33,008
Notes receivable, net	96,846	100,269
Investment in unconsolidated joint ventures	87,011	88,372
Deferred commission expense	58,530	57,847
Other assets, net	144,367	150,536
Total assets	5,747,181	5,720,883

Mortgage notes payable, net	2,794,804	2,810,199
Term loans, net	437,250	347,046
Unsecured line of credit	45,000	90,000
Accounts payable and other liabilities	196,958	170,829
Deferred membership revenue	224,877	228,075
Accrued interest payable	10,926	10,636
Rents and other customer payments received in advance and security deposits	122,470	148,006
Distributions payable	103,143	103,140
Total liabilities	3,935,428	3,907,931
Common stock, 0.01 par value, 600,000,000 shares authorized as of september 30, 2025 and december 31, 2024 193,825,482 and 191,056,527 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	1,988	1,962
Paid-in capital	1,979,547	1,953,854
Distributions in excess of accumulated earnings	225,682	222,992
Accumulated other comprehensive income/(loss)	-2,594	-2,010
Total stockholders equity	1,753,259	1,730,814
Non-controlling interests common op units	58,494	82,138
Total equity	1,811,753	1,812,952
Total liabilities and equity	5,747,181	5,720,883