Equity ResidentialEQREarnings & Financial Report
NYSE · Real Estate · Multi-Family Residential REITs
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.
EQR Q4 FY2025 Key Financial Metrics
Revenue
$781.9M
Gross Profit
N/A
Operating Profit
$395.4M
Net Profit
$382.1M
Gross Margin
N/A
Operating Margin
50.6%
Net Margin
48.9%
YoY Growth
2.0%
EPS
$1.01
Equity Residential Q4 FY2025 Financial Summary
Equity Residential reported revenue of $781.9M (up 2.0% YoY) for Q4 FY2025, with a net profit of $382.1M (down 8.8% YoY) (48.9% margin).
Key Financial Metrics
| Total Revenue | $781.9M |
|---|---|
| Net Profit | $382.1M |
| Gross Margin | N/A |
| Operating Margin | 50.6% |
| Report Period | Q4 FY2025 |
Equity Residential Annual Revenue by Year
Equity Residential annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.1B).
Equity Residential Quarterly Revenue & Net Profit History
Equity Residential results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $781.9M | +2.0% | $382.1M | 48.9% |
| Q3 FY2025 | $782.4M | +4.6% | $289.1M | 36.9% |
| Q2 FY2025 | $768.8M | +4.7% | $192.4M | 25.0% |
| Q1 FY2025 | $760.8M | +4.1% | $256.6M | 33.7% |
| Q4 FY2024 | $766.8M | +5.4% | $419.1M | 54.7% |
| Q3 FY2024 | $748.3M | +3.4% | $143.4M | 19.2% |
| Q2 FY2024 | $734.2M | +2.3% | $177.5M | 24.2% |
| Q1 FY2024 | $730.8M | +3.6% | $295.8M | 40.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $730.8M | $734.2M | $748.3M | $766.8M | $760.8M | $768.8M | $782.4M | $781.9M |
| YoY Growth | 3.6% | 2.3% | 3.4% | 5.4% | 4.1% | 4.7% | 4.6% | 2.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.89B | $19.78B | $20.93B | $20.83B | $20.56B | $21.03B | $21.07B | $20.75B |
| Liabilities | $8.32B | $8.27B | $9.52B | $9.25B | $8.97B | $9.50B | $9.60B | $9.34B |
| Equity | $11.07B | $10.98B | $10.85B | $11.04B | $11.05B | $11.01B | $11.08B | $11.04B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $421.0M | $396.9M | $401.4M | $354.2M | $425.5M | $359.5M | $476.7M | $387.0M |