• Equity Lifestyle Properties average operating margin for 2023 was 30.17%, a 3.86% increase from 2022.
• Equity Lifestyle Properties average operating margin for 2022 was 29.05%, a 3.33% increase from 2021.
• Equity Lifestyle Properties average operating margin for 2021 was 30.05%, a 6.94% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.