Equity Residential (EQR) — Financial statements
Income statement, balance sheet, and cash flow for Equity Residential — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,101↑4.1% | 2,980↑3.7% | 2,874↑5.1% | 2,735↑11.0% | 2,464 | |
| Cost of Revenue | 1,665↑52.1% | 1,095↑4.6% | 1,046↑6.5% | 983↑3.6% | 949 | |
| Gross Profit | 1,436↓23.8% | 1,886↑3.2% | 1,827↑4.3% | 1,753↑15.7% | 1,515 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 51↓16.5% | 62 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 51↓16.5% | 62↑1.5% | 61↑3.4% | 59↑3.9% | 57 | |
| Other Expenses | 258 | 0.00 | 0.00 | 0.00↑100.0% | -217 | |
| Operating Expenses | 310↑402.6% | 62↑1.5% | 61↑3.4% | 59↑136.5% | -161 | |
| Total Costs & Expenses | 1,975↑70.8% | 1,156↑4.4% | 1,107↑6.3% | 1,041↑32.1% | 788 | |
| Operating Results | ||||||
| Operating Income | 1,126↓38.2% | 1,824↑3.2% | 1,767↑4.3% | 1,694↑1.1% | 1,676 | |
| Depreciation & Amortization | 1,014↑4.8% | 967↑7.2% | 902↑0.8% | 894↑6.7% | 838 | |
| EBITDA | 2,339↑27.2% | 1,838↑3.3% | 1,780↑4.3% | 1,706↑17.0% | 1,459 | |
| EBIT | 1,325↑52.0% | 872↓0.7% | 878↑8.2% | 812↑30.8% | 620 | |
| Interest & Other Income | ||||||
| Net Interest Income | -192↑32.8% | -286 | 0.00 | 0.00 | 0.00 | |
| Interest Income | 45 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 237↓16.9% | 286 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -198↓120.8% | 952↑7.1% | 889↑0.7% | 882↓16.4% | 1,055 | |
| Other Income / Expenses | 32↑104.3% | -752↑16.2% | -897↓1.3% | -886↓218.5% | -278 | |
| Income Before Tax | 1,159↑8.0% | 1,072↑23.3% | 870↑7.6% | 808↓42.2% | 1,398 | |
| Income Tax Expense | 7↑424.0% | 1↑9.4% | 1↑27.6% | 0.90↓1.6% | 0.92 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,152↑7.6% | 1,071↑23.3% | 868↑7.6% | 807↓42.2% | 1,397 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,120↑8.1% | 1,036↑24.0% | 835↑7.5% | 777↓41.7% | 1,333 | |
| Bottom-Line Net Income | 1,126↑9.0% | 1,033↑24.1% | 832↑7.6% | 774↓41.8% | 1,330 | |
| EPS (Basic) | 2.97↑8.8% | 2.73↑24.1% | 2.20↑6.8% | 2.06↓42.1% | 3.56 | |
| EPS (Diluted) | 2.91↑7.0% | 2.72↑27.7% | 2.13↑3.9% | 2.05↓42.1% | 3.54 | |
| Weighted Average Shares | 379↑0.1% | 379↑0.0% | 379↑0.7% | 376↑0.6% | 374 | |
| Weighted Average Diluted Shares | 389↓0.5% | 391↓0.0% | 391↑0.4% | 389↑0.4% | 388 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.