EQR · Equity Residential

$67.88 -0.40 (-0.59%) At close · Jul 24

Market Cap

$25.43B

374.67M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$2.7B +4.8%

FY2019

Net Income

$1.12B +8.1%

FY2025

Gross Margin

73.88% +11.9pp

FY2010

Operating Margin

50.21% +7pp

FY2019

Diluted EPS

$2.94 +8.1%

FY2025

Operating Cash Flow

$1.65B +4.8%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007
Revenue	+3.6%	+0.7%	+5.2%	—	$2.72B	—	—	—	—	—	—	$2.7B	$2.58B	$2.47B	$2.43B	$2.74B	$2.61B	$2.39B	$1.75B	$1.53B	$1.46B	$1.62B	$1.95B	$1.8B
Rental Income	0.0%	+3.8%	+1.2%	—	$3.11B	$3.09B	$2.98B	$2.87B	$3.09B	$2.46B	$2.57B	$2.7B	$2.58B	$2.47B	$2.42B	$2.74B	$2.61B	$2.38B	$1.74B	$1.52B	$1.45B	$1.61B	$1.63B	$1.79B
Gross Profit	—	—	—	—	$1.12B	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$1.08B	$1B	$1.01B	—
Gross Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	73.88%	61.94%	51.87%	—
General & Administrative	+3.6%	+6.2%	+0.1%	—	$63.89M	$65.28M	$61.65M	$60.72M	$58.71M	$56.51M	$48.31M	$52.76M	$53.81M	$52.22M	$57.84M	$64.66M	$50.68M	$62.18M	$47.23M	$43.6M	$39.88M	$38.99M	$44.95M	$46.77M
Amortization of Intangibles	+9.1%	+37.4%	—	—	—	—	—	—	—	—	—	—	$4.39M	$3.83M	$3.43M	$3.38M	$3.22M	$898K	$0	$0	—	—	—	—
Impairment of Real Estate	—	—	—	—	—	—	—	—	—	—	—	—	—	$1.7M	—	—	—	—	—	—	-$45.38M	—	—	—
Total Operating Expenses	+5.2%	—	—	—	$1.03B	$1.02B	$961.83M	$926.69M	$872.28M	$850.64M	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Costs & Expenses	+5.0%	+4.5%	+2.5%	—	$2.22B	$2.22B	$2.11B	$2B	$1.92B	$1.84B	$1.79B	$1.79B	$1.72B	$1.62B	$1.57B	$1.74B	$1.69B	$1.88B	$1.23B	$1.12B	$1.17B	$1.2B	$1.29B	$1.31B
Operating Income	-4.2%	+0.8%	+8.5%	—	—	—	—	$1.16B	$1.12B	$1.68B	$1.32B	$1.36B	$1.11B	$1B	$856.09M	$1.01B	$921.64M	$512.32M	$514.09M	$406.51M	$284.35M	$424.52M	$356.08M	$487.26M
Operating Margin	—	—	—	—	—	—	—	—	—	—	—	50.21%	43.23%	40.65%	35.29%	36.77%	35.25%	21.46%	29.42%	26.65%	19.53%	26.19%	18.24%	27.04%
Interest Expense	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$1.3M	$700K	—	—	—	—	—	—
Interest Income	—	—	—	—	$9.16M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$16.68M	$33.52M	$20.04M
Gain on Sales of Real Estate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$212.69M	$0	$0	—	—	—	—	—
Equity in Earnings of Unconsolidated Entities	—	—	—	—	-$14.55M	-$18.92M	-$8.97M	-$5.38M	-$5.03M	-$3.4M	-$3.28M	$65.95M	-$3.67M	-$3.37M	$4.8M	$15.03M	-$7.95M	-$58.16M	-$14K	$0	-$735K	-$2.82M	-$107K	$332K
Investment Income (Loss)	—	—	—	—	—	—	—	—	—	—	—	—	-$50K	$0	-$74K	-$3.06M	—	—	—	—	—	—	—	—
Pretax Income	+13.0%	+4.7%	+7.7%	—	$996.4M	$1.17B	$1.08B	$875.01M	$812.93M	$1.4B	$932.4M	$939.44M	$688.75M	$613.06M	$416.61M	$558.38M	$448.49M	-$121.08M	$160.83M	-$76.45M	-$189.84M	-$68.38M	-$103.15M	$6.34M
Income Tax	+20.8%	+13.2%	+5.6%	—	$1.59M	$1.59M	$1.26M	$1.15M	$900K	$915K	$852K	-$2.28M	$878K	$478K	$1.61M	$917K	$1.39M	$1.17M	$514K	$706K	$270K	$2.72M	-$5.24M	$2.52M
Net Income	+13.0%	+4.2%	+2.6%	—	$953.58M	$1.12B	$1.04B	$835.44M	$776.91M	$1.33B	$913.64M	$970.38M	$657.54M	$603.45M	$4.29B	$870.12M	$631.31M	$1.83B	$841.72M	$893.59M	$283.61M	$362.27M	$407.62M	$980.19M
Net Margin	—	—	—	—	—	—	—	—	—	—	—	35.93%	25.5%	24.42%	176.94%	31.7%	24.14%	76.67%	48.17%	58.59%	19.48%	22.35%	20.88%	54.4%
Net Income Attributable to Noncontrolling Interests	+1.4%	-4.2%	-2.2%	—	$22.26M	$27.41M	$28.93M	$26.71M	$26.31M	$45.9M	$34.01M	$36.03M	$24.94M	$22.6M	$171.51M	$34.24M	$24.83M	$75.28M	$38.64M	$40.78M	—	—	—	—
Net Income Available to Common Stockholders	+13.1%	+4.2%	+2.6%	—	$952.15M	$1.12B	$1.03B	$832.35M	$773.82M	$1.33B	$910.55M	$967.29M	$654.45M	$600.36M	$4.29B	$863.28M	$627.16M	$1.83B	$826.21M	$879.72M	$269.24M	$347.79M	$393.12M	$951.24M
Comprehensive Income	+11.5%	+3.4%	+2.3%	—	$952.67M	$1.12B	$1.03B	$843.43M	$807.59M	$1.34B	$946.31M	$958.26M	$680.29M	$627.83M	$4.33B	$889.49M	$614.97M	$1.87B	$845.15M	$754.69M	$221.11M	$402.75M	$387.71M	$978.32M
EPS (Basic) USD/shares	+12.7%	+3.8%	+2.2%	—	—	$2.95	$2.73	$2.20	$2.06	$3.56	$2.45	$2.61	$1.78	$1.64	$11.75	$2.37	$1.74	$5.16	$2.73	$2.98	$0.95	$1.27	$1.46	$3.40
EPS (Diluted) USD/shares	+12.8%	+3.7%	+2.2%	$1.44 – $1.56	—	$2.94^G	$2.72^G	$2.20^G	$2.05^G	$3.54	$2.45	$2.60	$1.77	$1.63	$11.68	$2.36	$1.73	$5.16	$2.71	$2.98	$0.95	$1.27	$1.46	$3.40
Shares Outstanding (Basic Avg) shares	+0.3%	+0.4%	+0.4%	—	—	379.61M	378.8M	378.77M	376.21M	373.83M	371.79M	370.46M	368.05M	366.97M	365M	363.5M	361.18M	354.31M	302.7M	294.86M	282.89M	273.61M	270.01M	279.41M
Shares Outstanding (Diluted Avg) shares	+0.1%	+0.2%	+0.3%	—	—	390.41M	390.74M	390.9M	389.45M	388.09M	385.87M	386.33M	383.7M	382.68M	381.99M	380.62M	377.74M	354.31M	319.77M	294.86M	282.89M	273.61M	270.01M	279.41M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $1.61B in buybacks, $17.96B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

EV/EBIT

—

P/E (TTM)

27.04×

REIT - Residential median 31.56×

Valuation over time computed as of each quarter's filing date

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Same Store	$1,731,286,000	$1,517,100,000	$1,644,644,000	$1,761,733,000	$1,668,450,000	$1,630,042,000
Non-Same Store and Other	$131,617,000	$96,260,000	$104,501,000	$125,974,000	$122,082,000	$99,871,000

Key facts CIK 906107 CUSIP 29476L107 13F (30d) 153 filings 151 filers Visit website Investor relations