Equity Residential
Equity Residential is a real estate investment trust that owns, develops and manages rental apartment properties in U.S. metropolitan areas. Its communities serve people seeking rental housing, including residents in major coastal markets such as Boston, New York, Washington, D.C., Southern California, San Francisco… From the company’s description.
In fiscal 2025, Equity Residential reported revenue of $3.09B, up 3.8% from fiscal 2024, and net income of $1.15B. Its operating margin was 28.1%, and operations generated $1.65B in cash. Over the twelve months to Jun 30, 2026, revenue was $3.13B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Equity Residential does
In the company’s own words
Equity Residential is a real estate investment trust that owns, develops and manages rental apartment properties in U.S. metropolitan areas. Its communities serve people seeking rental housing, including residents in major coastal markets such as Boston, New York, Washington, D.C., Southern California, San Francisco and Seattle, as well as Denver, Atlanta, Dallas–Fort Worth and Austin. The company operates as an umbrella partnership REIT: Equity Residential is the general partner of ERP Operating Limited Partnership, which holds substantially all property and other assets and conducts the business; at year-end 2025, Equity Residential owned approximately 97.6% of the partnership. Its investment activities include acquiring and developing apartment communities, renovating existing properties and working with third-party developers through joint ventures. The portfolio is concentrated in urban and suburban locations, and its operating platform includes property management and resident services. Equity Residential employed approximately 2,400 people in 2025. Its website is www.equityapartments.com.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- CHICAGO, IL
- Fiscal year end
- December
- CIK
- 906107
- SIC
- 6798
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Equity Residential — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Equity Residential’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Equity Residential’s bonds, as funds hold them
Funds report holding 12 issues of Equity Residential’s debt, $714.59M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.72%, maturing 2026 to 2047.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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