Equity Residential
NYSE: EQR · REAL ESTATE · REIT - RESIDENTIAL
Updated 2026-06-05
Equity Residential (EQR) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $15.06B | $15.69B | $16.54B | $15.42B | $16.18B | $16.66B | $17.20B | $22.83B | $22.95B | $23.16B | $20.70B | $20.57B | $20.39B | $21.17B | $20.29B | $21.17B | $20.22B | $20.03B | $20.83B | $20.75B |
| Cash & equivalents | $260.28M | $50.83M | $890.79M | $193.29M | $444.00M | $383.92M | $612.59M | $53.53M | $40.08M | $42.28M | $77.21M | $50.65M | $47.44M | $45.75M | $42.59M | $123.83M | $53.87M | $50.74M | $62.30M | $55.90M |
| Current assets | $265.12M | $50.83M | $890.79M | $545.30M | $624.99M | $546.85M | $872.16M | $199.74M | $160.47M | $2.34B | $219.09M | $100.76M | $116.31M | $117.00M | $99.73M | $360.24M | $137.17M | $140.00M | $160.17M | $55.90M |
| Total liabilities | $8.77B | $10.27B | $10.75B | $10.24B | $10.59B | $10.38B | $9.28B | $11.63B | $11.74B | $11.89B | $9.80B | $9.73B | $9.62B | $10.16B | $9.18B | $9.48B | $8.52B | $8.46B | $9.25B | $9.34B |
| Current liabilities | $251.99M | $9.76B | $718.07M | $260.65M | $278.99M | $302.41M | $374.77M | $555.61M | $764.70M | $869.00M | $420.72M | $665.39M | $870.88M | $1.40B | $820.35M | $725.05M | $536.91M | $821.46M | $980.70M | $1.19B |
| Long-term debt | $7.60B | $8.97B | $9.64B | $8.79B | $9.95B | $4.11B | $3.90B | $10.65B | $10.51B | $10.58B | $8.97B | $8.66B | $8.32B | $8.02B | $7.63B | $8.03B | $7.43B | $6.98B | $7.58B | $7.59B |
| Shareholder equity | $5.88B | $5.06B | $5.00B | $5.05B | $5.59B | $5.67B | $7.29B | $10.51B | $10.37B | $10.47B | $10.23B | $10.24B | $10.17B | $10.32B | $10.53B | $11.69B | $11.17B | $11.09B | $11.04B | $11.04B |
| Retained earnings | $159.53M | $599.50M | $481.44M | $353.66M | $203.58M | $615.57M | $887.36M | $2.05B | $1.95B | $2.01B | $1.54B | $1.40B | $1.26B | $1.39B | $1.40B | $1.83B | $1.66B | $1.44B | $1.41B | $1.19B |
| Accounts receivable | $390000.00 | — | — | — | — | — | — | — | — | — | — | — | — | $31.50M | $41.31M | $26.17M | $8.68M | $14.81M | $15.48M | $14.64M |
| Inventory | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.18B | $0.00 | $0.00 | — | — | $1.00 | — | — | — | — | — |
| Goodwill | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
Frequently asked questions
What is Equity Residential's revenue?
Equity Residential's trailing twelve-month revenue is $3.11B, and consensus projects about $3.68B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is EQR?
In its most recent fiscal year, EQR ran a gross margin of 46.32%, an operating margin of 36.33%, and a net margin of 36.12%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does EQR generate?
EQR produced $1.29B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is EQR's balance sheet healthy?
EQR holds $55.90M in cash and equivalents against $7.59B in long-term debt, on $11.04B of shareholder equity. That debt is best read against the cash flow the business throws off each year.