EQR
Equity Residential
NYSE: EQR · REAL ESTATE · REIT - RESIDENTIAL
$65.43
+0.43% today
Updated 2026-04-29
Market cap
$25.28B
P/E ratio
22.26
P/S ratio
8.17x
EPS (TTM)
$2.94
Dividend yield
—
52W range
$57 – $69
Volume
2.5M
Equity Residential (EQR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.99B | $2.04B | $2.10B | $1.94B | $1.99B | $1.99B | $1.75B | $2.39B | $2.61B | $2.74B | $2.43B | $2.47B | $2.58B | $2.70B | $2.57B | $2.46B | $2.74B | $2.87B | $2.98B | $3.10B |
| Revenue growth (YoY) | — | +2.4% | +3.2% | -7.5% | +2.4% | -0.4% | -12.0% | +36.6% | +9.5% | +5.0% | -11.6% | +1.9% | +4.3% | +4.8% | -4.8% | -4.2% | +11.0% | +5.1% | +3.7% | +4.1% |
| Cost of revenue | $1.39B | $1.42B | $1.44B | $1.36B | $1.46B | $1.37B | $625.51M | $834.23M | $883.56M | $905.17M | $806.23M | $826.27M | $879.63M | $908.33M | $916.38M | $948.79M | $982.58M | $694.65M | $1.09B | $1.66B |
| Gross profit | $595.61M | $616.52M | $667.97M | $582.28M | $529.43M | $612.60M | $1.12B | $1.55B | $1.73B | $1.84B | $1.62B | $1.65B | $1.70B | $1.79B | $1.66B | $1.52B | $1.75B | $2.18B | $1.89B | $1.44B |
| Gross margin | 29.9% | 30.3% | 31.8% | 29.9% | 26.6% | 30.9% | 64.2% | 65.1% | 66.2% | 67.0% | 66.8% | 66.6% | 65.9% | 66.4% | 64.4% | 61.5% | 64.1% | 75.8% | 63.3% | 46.3% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $48.47M | $49.29M | $44.95M | $38.99M | $39.89M | $43.61M | $47.25M | $62.18M | $50.95M | $65.08M | $57.84M | $52.22M | $53.81M | $52.76M | $48.30M | $56.51M | $58.71M | $60.72M | $61.65M | $51.45M |
| Operating income | $110.89M | $85.04M | $139.63M | $59.02M | $15.36M | $406.51M | $514.09M | $512.32M | $921.64M | $1.01B | $856.09M | $1.00B | $1.11B | $1.36B | $1.32B | $1.68B | $1.69B | $1.16B | $1.82B | $1.13B |
| Operating margin | 5.6% | 4.2% | 6.6% | 3.0% | 0.8% | 20.5% | 29.4% | 21.5% | 35.2% | 36.8% | 35.3% | 40.6% | 43.2% | 50.2% | 51.2% | 68.0% | 61.9% | 40.4% | 61.2% | 36.3% |
| EBITDA | $673.63M | $672.68M | $730.79M | $641.30M | $671.99M | $646.96M | $853.00M | $1.01B | $1.22B | $1.77B | $1.55B | $1.58B | $1.64B | $1.74B | $1.61B | $1.46B | $1.71B | $1.16B | $1.84B | $2.34B |
| EBITDA margin | 33.8% | 33.0% | 34.7% | 33.0% | 33.7% | 32.6% | 48.8% | 42.2% | 46.5% | 64.4% | 64.1% | 64.1% | 63.5% | 64.4% | 62.5% | 59.2% | 62.4% | 40.4% | 61.7% | 75.4% |
| EBIT | $110.89M | $85.04M | $139.63M | $59.02M | $15.36M | $0.00 | $188.92M | $27.04M | $453.10M | $998.17M | $844.93M | $837.14M | $846.01M | $908.52M | $786.18M | $620.43M | $811.72M | $1.16B | $871.70M | $1.32B |
| Interest expense | $427.93M | $492.94M | $482.32M | $493.28M | $460.75M | $468.32M | $457.67M | $586.85M | $457.19M | $444.07M | $482.25M | $383.89M | $413.36M | $390.08M | $365.07M | $272.47M | $282.92M | $266.71M | $285.74M | $237.35M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.07B | $989.62M | $420.09M | $362.27M | $283.61M | $893.59M | $841.72M | $1.83B | $631.31M | $870.12M | $4.29B | $603.45M | $657.53M | $970.38M | $913.64M | $1.33B | $776.91M | $835.44M | $1.04B | $1.12B |
| Net income growth (YoY) | — | -7.8% | -57.6% | -13.8% | -21.7% | +215.1% | -5.8% | +117.5% | -65.5% | +37.8% | +393.3% | -85.9% | +9.0% | +47.6% | -5.8% | +45.9% | -41.7% | +7.5% | +24.0% | +8.1% |
| Profit margin | 53.9% | 48.6% | 20.0% | 18.6% | 14.2% | 45.0% | 48.2% | 76.7% | 24.1% | 31.7% | 176.9% | 24.4% | 25.5% | 35.9% | 35.5% | 54.1% | 28.4% | 29.1% | 34.8% | 36.1% |