Equity Residential (EQR) | Financial Analysis & Statements

Equity Residential | Large-cap | Real Estate

$66.88

0.31%

Equity Residential vs AvalonBay Equity Residential vs Invitation Homes Equity Residential vs Essex Property Equity Residential vs Mid-America Equity Residential vs Sun Communities Equity Residential vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 3.0B

Gross Profit 1.9B 63.27%

Operating Income 871.7M 29.25%

Net Income 1.1B 35.94%

EPS (Diluted) $2.72

Balance Sheet Metrics

Total Assets 20.8B

Total Liabilities 9.2B

Shareholders Equity 11.6B

Debt to Equity 0.80

Cash Flow Metrics

Operating Cash Flow 2.1B

Free Cash Flow 1.3B

Revenue & Profitability Trend

Equity Residential Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	3.0B	2.9B	2.7B	2.5B	2.6B
Cost of Goods Sold	1.1B	1.0B	982.6M	948.8M	916.4M
Gross Profit	1.9B	1.8B	1.8B	1.5B	1.7B
Operating Expenses	61.7M	60.7M	58.7M	56.5M	48.3M
Operating Income	871.7M	878.0M	811.7M	620.4M	786.2M
Pre-tax Income	1.1B	875.0M	812.9M	1.4B	932.4M
Income Tax	1.3M	1.1M	900.0K	915.0K	852.0K
Net Income	1.1B	868.5M	807.0M	1.4B	962.5M
EPS (Diluted)	$2.72	$2.20	$2.05	$3.54	$2.45

Income Statement Trend

Equity Residential Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	160.2M	140.0M	137.2M	360.2M	99.7M
Non-Current Assets	20.7B	19.9B	20.1B	20.8B	20.2B
Total Assets	20.8B	20.0B	20.2B	21.2B	20.3B
Liabilities
Current Liabilities	980.7M	838.5M	536.9M	725.1M	820.4M
Non-Current Liabilities	8.3B	7.6B	8.0B	8.8B	8.4B
Total Liabilities	9.2B	8.5B	8.5B	9.5B	9.2B
Equity
Total Shareholders Equity	11.6B	11.6B	11.7B	11.7B	11.1B

Balance Sheet Composition

Equity Residential Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	1.1B	868.5M	807.0M	1.4B	962.5M
Operating Cash Flow	2.1B	1.8B	1.7B	2.3B	1.7B
Investing Activities
Capital Expenditures	-2.8M	-1.9M	-4.0M	-1.7M	-20.1M
Investing Cash Flow	-97.4M	-49.2M	-162.2M	-58.4M	-26.6M
Financing Activities
Dividends Paid	-1.0B	-993.2M	-934.1M	-903.6M	-887.0M
Financing Cash Flow	-33.8B	-7.0B	-8.0B	-8.4B	-11.9B
Free Cash Flow	1.3B	1.2B	1.2B	1.1B	1.1B

Cash Flow Trend

Equity Residential Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 26.36

Forward P/E 40.86

Price to Book 2.38

Price to Sales 8.98

PEG Ratio 40.86

Profitability Ratios

Profit Margin 33.11%

Operating Margin 25.53%

Return on Equity 8.90%

Return on Assets 2.64%

Financial Health

Current Ratio 0.20

Debt to Equity 70.33

Beta 0.92

Per Share Data

EPS (TTM) $2.62

Book Value per Share $29.04

Revenue per Share $7.94

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
eqr	27.0B	26.36	2.38	8.90%	33.11%	70.33
AvalonBay	29.6B	25.83	2.48	9.69%	38.31%	71.14
Invitation Homes	20.9B	43.62	2.15	4.81%	18.23%	83.40
Essex Property	19.7B	27.32	3.30	12.81%	36.10%	118.42
Mid-America	18.0B	31.22	2.95	9.37%	25.74%	82.63
Sun Communities	17.0B	154.14	2.36	1.72%	2.31%	110.55

Financial data is updated regularly. All figures are in the company's reporting currency.