EQUITY RESIDENTIAL

10-K & 10-Q Filings

Equity Residential is a Maryland real estate investment trust (REIT) and ERP Operating Limited Partnership (ERPOP), focused on acquiring, developing, and managing high-quality residential properties in strategically targeted markets. The company operates in dynamic cities with large and diverse economic drivers, high costs of single family home ownership, strong high-quality job growth, and significant apartment demand that meets new apartment supply. Equity Residential is committed to creating communities where people thrive and has a multi-pronged investment strategy featuring acquisitions, new stand-alone and expansion developments, densifying developments, and accretive renovations of existing properties. The company's website is www.equityapartments.com, and its ticker symbol is EQR.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1989.46
2123.72
2387.70
2614.75
2744.97
2425.80
2471.41
2578.43
2701.07
2571.70
2464.00
2735.18
2873.96
705.09
730.82
3.11%3.65%Cost of Revenue (-)
$725.56
744.43
834.26
883.56
905.17
806.22
826.27
787.15
812.98
822.56
850.64
483.87
514.58
137.58
134.63
-2.82%-2.14%Gross Profit (+)
$1263.90
1379.29
1553.44
1731.18
1839.80
1619.58
1645.14
1791.29
1888.09
1749.14
1613.36
2251.31
2359.39
567.51
596.19
5.34%5.05%Selling, General & Administrative (-)
$43.61
47.25
62.18
50.95
65.08
57.84
52.22
53.81
52.76
48.30
56.51
58.71
60.72
16.16
15.72
2.80%-2.75%Depreciation & Amortization (-)
$663.97
685.45
1001.17
747.77
776.70
705.65
743.75
785.73
831.08
820.83
838.27
882.17
888.71
215.83
225.69
2.46%4.57%Non-recurring Operating Expenses (-)
$
1.69
0.70
16.77
Operating Expenses (-)
$707.57
732.70
1063.34
798.72
841.78
763.49
797.67
840.24
883.84
869.14
911.55
1135.27
1198.80
269.92
385.80
4.49%42.93%Costs & Expenses (Total) (-)
$1416.13
1455.76
1875.41
1693.37
1736.14
1569.71
1623.93
1719.87
1344.53
1253.71
788.16
1619.13
1713.38
407.50
520.43
1.60%27.71%Operating Income/Loss (+)
$573.33
667.96
512.29
921.38
1008.82
856.09
847.47
858.56
1356.54
1317.99
1675.84
1116.05
1160.59
297.59
210.39
6.05%-29.30%Non-operating Income/Expense (+)
$-14.56
-27.38
-67.26
1.12
12.08
-5.57
-8.56
-20.93
47.77
-20.79
-22.67
-18.70
-34.80
-10.38
-33.44
-222.21%Interest Expense (-)
$469.24
457.67
586.85
-457.19
444.07
494.88
392.42
166.87
399.70
339.78
281.20
291.65
278.50
68.38
69.13
-4.25%1.10%Earnings before Tax (+)
$80.51
312.11
-121.08
448.49
558.38
416.61
456.00
431.94
939.44
932.40
1401.02
812.93
875.01
221.75
307.03
22.00%38.46%Tax Expense (-)
$0.73
0.54
1.17
1.39
0.92
1.61
0.48
0.88
-2.28
0.85
0.92
0.90
1.15
0.30
0.30
3.87%2.01%Income/Loss (Continuing Operations) (+)
$84.00
311.56
-168.17
657.10
907.62
4479.59
628.38
685.19
941.72
931.55
1400.11
812.03
873.87
221.45
306.73
21.55%38.51%Income/Loss (Discontinued Operations) (+)
$851.20
569.65
2073.53
1.58
0.40
0.52
Profit/Loss (+)
$935.20
881.20
1905.35
658.68
908.02
4480.10
628.38
685.19
1009.71
962.50
1396.71
807.00
868.49
220.07
305.03
-0.61%38.61%Net Income/Loss (NCI) (-)
$
22.60
27.66
39.33
48.87
63.86
30.08
33.05
8.04
9.25
15.04%Net Income/Loss (+)
$893.59
841.72
1830.61
631.31
870.12
4292.16
603.45
657.53
970.38
913.64
1332.85
776.91
835.44
212.03
295.79
-0.56%39.50%Preferred & Other Distributions (-)
$
3.09
3.09
3.09
3.09
3.09
3.09
3.09
0.77
1.99
157.90%Net Income/Loss (Common) (+)
$893.59
841.72
1830.61
631.31
870.12
4292.16
600.36
654.45
967.29
910.55
1329.76
773.82
832.35
211.26
293.80
-0.59%39.07%EPS (Basic)
$
2.73
5.16
1.74
2.37
11.75
1.64
1.78
2.61
2.45
3.56
2.06
2.20
0.56
0.78
39.29%EPS (Diluted)
$
2.71
5.16
1.73
2.36
11.68
1.63
1.77
2.60
2.45
3.54
2.05
2.20
0.56
0.77
37.50%Weighted Avg Shares (Basic)
300.24
325.46
361.08
363.80
365.14
367.10
366.97
368.05
370.46
371.79
373.83
376.21
378.77
378.34
378.81
1.96%0.12%Weighted Avg Shares (Diluted)
380.62
381.99
382.68
383.69
386.33
385.87
388.09
389.45
390.90
390.66
390.56
-0.03%Cash
$383.92
612.59
53.53
40.08
42.28
77.21
50.65
47.44
45.75
42.59
123.83
53.87
50.74
133.46
44.53
-15.52%-66.63%Securities & Long-term Investments
$15868.36
16096.21
21993.24
22242.58
20276.95
20026.04
19986.52
19814.74
20256.82
19343.67
19918.62
19060.90
18902.30
18889.25
18723.10
1.47%-0.88%Property, Plant & Equipment (Net)
$15554.74
15711.94
19226.05
19851.50
18027.09
18730.58
19768.36
20435.90
Other Assets
$407.02
492.20
787.77
667.96
656.97
600.90
533.43
532.03
870.19
900.63
1126.79
1103.49
1081.52
1079.82
1127.16
8.48%4.38%Assets (Total)
$16659.30
17201.00
22834.54
22950.61
23157.33
20704.15
20570.60
20394.21
21172.77
20286.89
21169.24
20218.26
20034.56
20102.53
19894.80
1.55%-1.03%Accounts Payable
$267.20
336.40
321.82
278.11
294.60
253.24
250.86
269.22
285.18
298.16
303.01
310.93
324.95
308.77
312.81
1.64%1.31%Debt (Non-current)
$9721.06
8529.24
10766.25
5425.35
10581.22
8967.26
8657.53
8318.76
8019.12
7629.43
8026.42
7295.77
6981.32
7312.09
6983.81
-2.72%-4.49%Other Liabilities
$808.18
808.25
901.27
6539.39
1585.15
1022.66
1188.34
1406.58
2323.94
1595.82
1652.60
1228.88
1439.17
1135.21
1324.37
4.93%16.66%Liabilities (Total)
$10796.45
9673.89
11989.35
12242.84
12460.97
10243.16
10096.74
9994.56
10628.24
9523.40
9982.03
8835.58
8745.44
8756.07
8620.98
-1.74%-1.54%Retained Earnings
$
2047.26
1950.64
2009.09
1543.63
1403.53
1261.76
1386.49
1399.71
1827.06
1658.84
1437.18
1619.13
1436.67
-11.27%AOCI
$-196.72
-193.15
-155.16
-172.15
-152.02
-113.91
-88.61
-64.99
-77.56
-43.67
-34.27
-2.55
5.70
-11.23
6.31
156.21%Shareholder's Equity
$5862.86
7527.11
10845.20
10707.78
10696.35
10460.98
10473.86
10399.65
10544.53
10763.49
11187.21
11382.68
11289.13
11346.45
11273.81
5.61%-0.64%Liabilities & Equity
$16659.30
17201.00
22834.54
22950.61
23157.33
20704.15
20570.60
20394.21
21172.77
20286.89
21169.24
20218.26
20034.56
20102.53
19894.80
1.55%-1.03%Net Income/Loss
$935.20
881.20
1905.35
658.68
908.02
4480.10
628.38
685.19
1009.71
962.50
1396.71
807.00
868.49
220.07
305.03
-0.61%38.61%Depreciation & Amortization
$2.33
5.96
-137.73
6.04
11.96
27.73
778.49
842.65
875.71
870.08
861.69
906.96
905.47
219.77
229.49
64.36%4.42%Increase/Decrease in Working Capital
$12.17
33.81
-15.29
-81.37
35.11
29.15
12.91
-25.65
-29.54
74.04
-29.73
4.69
-2.16
-38.50
-66.65
-73.11%Share-based Compensation
$21.18
24.83
35.47
27.54
34.61
30.53
25.00
27.13
24.45
23.17
27.81
29.51
31.82
9.04
9.47
3.45%4.70%Adjustments to Reconcile Net Income
$-136.86
165.05
-1038.23
665.39
448.48
-3368.61
637.41
671.10
447.28
303.03
-136.53
647.76
664.31
173.21
116.00
-33.03%Net Cash (Operating)
$798.33
1046.25
868.92
1324.07
1356.50
1111.49
1265.79
1356.30
1456.98
1265.54
1260.18
1454.76
1532.80
393.28
421.03
5.59%7.06%Capital Expenditure
$1721.62
1182.52
4688.91
1687.86
1521.70
1156.03
952.92
1062.10
1724.17
285.00
1967.09
272.25
405.49
16.79
26.33
-11.35%56.84%Net Cash (Investing)
$-194.83
-261.05
-6.98
-644.67
-678.47
5871.97
-594.30
-376.83
-771.82
663.59
-434.62
107.79
-409.50
43.72
136.01
211.06%Increase/Decrease in Debt
$-843.55
-949.50
1863.44
-7004.72
499.59
-1371.18
474.25
1192.65
958.89
-833.80
456.10
-637.02
852.07
-115.87
-183.21
-58.12%Increase/Decrease in Equity
$76.57
-156.13
3.08
73.16
57.41
25.90
29.00
25.92
60.10
13.86
82.84
158.19
-26.06
9.56
-52.55
-649.50%Interest Expenses
$477.43
464.94
722.86
443.13
436.75
482.15
360.27
358.16
342.05
320.85
252.84
267.61
248.99
79.69
77.15
-5.28%-3.19%Dividends Paid
$465.97
513.87
720.09
819.33
825.53
4998.38
778.04
823.96
870.89
931.15
940.68
982.83
1029.23
248.08
262.77
6.83%5.92%Net Cash (Financing)
$-650.99
-556.53
-1420.99
-692.86
-675.83
-6948.53
-789.82
-963.91
-684.47
-1946.39
-565.06
-1785.61
-1120.47
-355.09
-500.47
-40.94%Cash Taxes Paid
$0.65
0.67
1.15
1.52
1.26
1.49
0.64
0.85
-0.58
-1.04
1.18
0.75
1.09
0.35
0.41
4.48%17.82%Increase/Decrease in Cash
$-47.49
228.67
-559.06
-13.45
2.20
34.93
-118.33
15.55
0.69
-17.27
260.51
-223.06
2.82
81.91
56.56
-30.95%Cash (Beginning)
$431.41
383.92
612.59
53.53
40.08
42.28
219.09
100.76
116.31
117.00
99.73
360.24
137.17
137.17
140.00
-9.11%2.06%Cash (Ending)
$383.92
612.59
53.53
40.08
42.28
77.21
100.76
116.31
117.00
99.73
360.24
137.17
140.00
219.09
196.56
-8.06%-10.28%NOPAT
$573.33
667.96
512.29
921.38
1008.82
856.09
847.47
858.56
1356.54
1317.99
1675.84
1116.05
1160.59
297.59
210.39
6.05%-29.30%Gross Margin %
63.53%
64.95%
65.06%
66.21%
67.02%
66.76%
66.57%
69.47%
69.90%
68.01%
65.48%
82.31%
82.10%
80.49%
81.58%
Operating Margin %
28.82%
31.45%
21.46%
35.24%
36.75%
35.29%
34.29%
33.30%
50.22%
51.25%
68.01%
40.80%
40.38%
42.21%
28.79%
NOPAT Margin %
28.82%
31.45%
21.46%
35.24%
36.75%
35.29%
34.29%
33.30%
50.22%
51.25%
68.01%
40.80%
40.38%
42.21%
28.79%
Net Margin %
44.92%
39.63%
76.67%
24.14%
31.70%
176.94%
24.42%
25.50%
35.93%
35.53%
54.09%
28.40%
29.07%
30.07%
40.47%
ROA
3.44%
3.88%
2.24%
4.01%
4.36%
4.13%
4.12%
4.21%
6.41%
6.50%
7.92%
5.52%
5.79%
1.48%
1.06%
ROE
9.78%
8.87%
4.72%
8.60%
9.43%
8.18%
8.09%
8.26%
12.86%
12.25%
14.98%
9.80%
10.28%
2.62%
1.87%
Equity Multiplier
2.84
2.29
2.11
2.14
2.16
1.98
1.96
1.96
2.01
1.88
1.89
1.78
1.77
1.77
1.76
Debt/Equity Ratio
1.66
1.13
0.99
0.51
0.99
0.86
0.83
0.80
0.76
0.71
0.72
0.64
0.62
0.64
0.62
Dividend Payout Ratio %
81.27%
76.93%
140.56%
88.92%
81.83%
583.86%
91.81%
95.97%
64.20%
70.65%
56.13%
88.06%
88.68%
83.36%
124.90%
Total Payout
$1710.38
2084.43
-423.56
8194.01
705.28
6825.81
635.07
-36.46
193.96
2071.94
654.58
1729.27
452.21
434.08
575.69
-10.49%32.62%Payout Ratio %
298.32%
312.06%
-82.68%
889.32%
69.91%
797.33%
74.94%
-4.25%
14.30%
157.20%
39.06%
154.95%
38.96%
145.87%
273.63%