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Equity Residential (EQR)
Real Estate · REIT - Residential · NYSE
Equity Residential revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43B | $2.47B | $2.58B | $2.70B | $0 | $0 | $2.74B | $2.87B | $2.98B | $3.09B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $4.29B | $603.45M | $657.53M | $970.38M | $913.64M | $1.33B | $773.82M | $832.35M | $1.03B | $1.12B |
| Net margin | 176.9% | 24.4% | 25.5% | 35.9% | — | — | 28.3% | 29.0% | 34.7% | 36.2% |
Source: Equity Residential SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into EQR stock?
At today's market cap of $26.22B, Equity Residential is priced for free-cash-flow growth of about 7.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.35B from the FY ending 2018-12-31). For comparison, free cash flow actually grew 13%/yr over the last five fiscal years, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Equity Residential financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Equity Residential financial history by metric
About Equity Residential
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages 312 rental properties consisting of 85,190 apartment units in dynamic metro areas across the U.S. with a primary concentration in major coastal markets, diversified by a targeted presence in the high-growth metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver. Equity Residential was incorporated in 1993 and is based in Chicago, United States.
Equity Residential — frequently asked questions
What is Equity Residential's revenue?
Equity Residential (EQR) reported revenue of $3.09B for fiscal year 2025, up 3.8% from the prior year, according to its SEC filings.
Is Equity Residential profitable?
Yes. EQR earned net income of $1.12B in fiscal 2025, a net margin of 36.2%.
What is EQR's P/E ratio?
Equity Residential trades at a price-to-earnings ratio of about 27.1 based on the latest data in our nightly-refreshed cache.
How much debt does Equity Residential have?
As of fiscal year 2025, EQR carried roughly $8.24B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Equity Residential's market cap?
Equity Residential (EQR) has a market capitalization of about $26.22B, based on the latest data in our nightly-refreshed cache.
When does Equity Residential's fiscal year end?
EQR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into EQR stock?
At today's market cap of $26.22B, Equity Residential is priced for free-cash-flow growth of about 7.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.35B from the FY ending 2018-12-31). For comparison, free cash flow actually grew 13%/yr over the last five fiscal years, computed from its SEC filings.
Where does this data come from?
All figures are computed from Equity Residential's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.