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Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
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 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.1B | $2.5B | $1.1B | $1.3B | 10.2% | 3.8% | 8.1% |
| 2024 | $3.0B | $2.3B | $1.0B | $1.3B | 9.4% | 3.7% | 24.0% |
| 2023 | $2.9B | $2.0B | $835M | $1.2B | 7.6% | 5.1% | 7.5% |
| 2022 | $2.7B | $2.0B | $777M | $1.2B | 7.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 3,093.96 |
| Operating Revenue | 3,093.96 |
| Cost Of Revenue | 1,148.53 |
| Gross Profit | 1,945.43 |
| Operating Expense | 1,075.68 |
| Selling General And Administration | 65.28 |
| Total Expenses | 2,224.21 |
| Operating Income | 869.75 |
| Total Operating Income As Reported | - |
| EBITDA | 2,502.56 |
| Normalized EBITDA | 1,876.17 |
| EBIT | 1,479.33 |
| Interest Income | 52.44 |
| Interest Expense | 306.80 |
| Net Interest Income | -263.13 |
| Other Non Operating Income Expenses | -60.48 |
| Other Income Expense | 565.90 |
| Interest Income Non Operating | 52.44 |
| Interest Expense Non Operating | 306.80 |
| Net Non Operating Interest Income Expense | -263.13 |
| Pretax Income | 1,172.53 |
| Tax Provision | 1.58 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0.85 |
| Net Income Continuous Operations | 1,152.03 |
| Net Income From Continuing And Discontinued Operation | 1,120.17 |
| Net Income From Continuing Operation Net Minority Interest | 1,120.17 |
| Net Income | 1,120.09 |
| Net Income Common Stockholders | 1,118.67 |
| Net Income Including Noncontrolling Interests | 1,151.95 |
| Normalized Income | 494.63 |
| Diluted NI Availto Com Stockholders | 1,146.07 |
| Basic Average Shares | 379.61 |
| Diluted Average Shares | 390.41 |
| Reconciled Depreciation | 1,023.24 |
| Reconciled Cost Of Revenue | 1,135.69 |
| Total Unusual Items | 626.39 |
| Total Unusual Items Excluding Goodwill | 626.39 |
| Preferred Stock Dividends | 1.42 |
| Minority Interests | -31.86 |
| Earnings From Equity Interest Net Of Tax | -18.92 |
| Special Income Charges | - |
| Impairment Of Capital Assets | - |
| Gain On Sale Of Security | 626.39 |
| Depreciation Amortization Depletion Income Statement | 1,010.40 |
| Depreciation And Amortization In Income Statement | 1,010.40 |
| General And Administrative Expense | 65.28 |
| Other Gand A | 65.28 |
| Total Other Finance Cost | 8.77 |
| Otherunder Preferred Stock Dividend | 0 |
| Average Dilution Earnings | 27.40 |
| Depreciation Income Statement | 1,010.40 |
| Net Income Extraordinary | -0.08 |
| Net Income From Tax Loss Carryforward | - |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Equity Residentialthis co. | EQR | $26.2B | 23.42↓ discount | 2.38 | 10.2% | 13.85 |
| Extra Space Storage Inc. | EXR | $32.2B | 33.05 | 2.40 | 7.3% | 19.07 |
| VICI Properties Inc. | VICI | $29.3B | 10.56 | 1.05 | 10.0% | 12.66 |
| AvalonBay Communities, Inc. | AVB | $26.8B | 25.53 | 2.31 | 9.1% | 16.22 |
| SBA Communications Corporation | SBAC |
| - |
| - |
| - |
| - |
| - |
| $22.0B |
| 20.92 |
| -4.54 |
| -21.7% |
| 18.45 |
| Essex Property Trust, Inc. | ESS | $19.6B | 29.29 | 3.54 | 12.1% | 16.82 |
| Weyerhaeuser Company | WY | $17.8B | 54.97 | 1.89 | 3.4% | 22.02 |
| Invitation Homes Inc. | INVH | $17.5B | 29.84 | 1.84 | 6.2% | 15.24 |
| Host Hotels & Resorts, Inc. | HST | $17.0B | 22.17 | 2.59 | 11.7% | 11.82 |
| Peer Median | - | 27.41 | 2.10 | 8.2% | 16.52 | |