← EQUITY RESIDENTIAL
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.4b |
$2.5b
+1.88%
|
$2.6b
+4.33%
|
$2.7b
+4.76%
|
$531.8m
-80.31%
|
$1.1b
+101.61%
|
$304.3m
-71.62%
|
$282.5m
-7.16%
|
$546.8m
+93.53%
|
$626.4m
+14.56%
|
$3.1b
+399.57%
|
|
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $753k | $384k | — | — | — | — | — | — | — | |
| Gains (Losses) on Sales of Investment Real Estate | $4.0b | $157.1m | $256.8m | $447.6m | $531.8m | $1.1b | $304.3m | $282.5m | $546.8m | $626.4m | — | |
| Net gain (loss) on sales of land parcels | $15.7m | $19.2m | $987k | $2.0m | $34.2m | $5k | — | — | — | ($80k) | — | |
| Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels | $416.6m | $456.0m | $431.9m | $939.4m | $932.4m | $1.4b | $812.9m | $875.0m | $1.1b | $1.2b | — | |
| General and Administrative Expense | $57.8m | $52.2m | $53.8m | $52.8m | $48.3m | $56.5m | $58.7m | $60.7m | $61.7m | $65.3m | $62.0m | |
| Amortization of Intangible Assets | $3.4m | $3.8m | $4.4m | — | — | — | — | — | — | — | — | |
| Operating Lease, Lease Income | $2.4b | $2.5b | $2.6b | $2.7b | $2.6b | $2.5b | $2.7b | $2.9b | $3.0b | $3.1b | — | |
| Operating Expenses | — | — | — | — | — | — | — | $926.7m | $961.8m | $1.0b | $1.1b | |
| Operating Income (Loss) | $856.1m |
$847.5m
-1.01%
|
$858.6m
+1.31%
|
$1.4b
+58.00%
|
$1.3b
-2.84%
|
$1.7b
+27.15%
|
$1.1b
-33.40%
|
$1.2b
+3.99%
|
— | — | $882.0m | |
| Interest Expense, Debt | $482.2m | $383.9m | $413.4m | $390.1m | $365.1m | $272.5m | $282.9m | $269.6m | $285.7m | $306.8m | $319.2m | |
| Gain (Loss) on Investments | — | $0 | ($50k) | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $4.8m | ($3.4m) | ($3.7m) | $65.9m | ($3.3m) | ($3.4m) | ($5.0m) | ($5.4m) | ($9.0m) | ($18.9m) | — | |
| Interest and Other Income | $65.8m | $6.1m | $15.3m | $2.8m | $5.9m | $25.7m | $2.2m | $22.3m | $30.3m | $52.4m | — | |
| Other Expenses | $5.6m | ($5.2m) | ($17.3m) | ($18.2m) | ($17.5m) | ($19.3m) | ($13.7m) | ($29.4m) | ($74.1m) | ($60.5m) | — | |
| Income Tax Expense (Benefit) | $1.6m | $478k | $878k | ($2.3m) | $852k | $915k | $900k | $1.1m | $1.3m | $1.6m | $1.6m | |
| Net Income (Loss) Attributable to Parent | $4.3b |
$603.5m
-85.94%
|
$657.5m
+8.96%
|
$970.4m
+47.58%
|
$913.6m
-5.85%
|
$1.3b
+45.88%
|
$776.9m
-41.71%
|
$835.4m
+7.53%
|
$1.0b
+23.99%
|
$1.1b
+8.13%
|
$873.9m
-21.98%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $4.3b |
$600.4m
-86.00%
|
$654.4m
+9.01%
|
$967.3m
+47.80%
|
$910.5m
-5.87%
|
$1.3b
+46.04%
|
$773.8m
-41.81%
|
$832.3m
+7.56%
|
$1.0b
+24.08%
|
$1.1b
+8.32%
|
$873.9m
-21.88%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $171.5m | $22.6m | $24.9m | $36.0m | $34.0m | $45.9m | $26.3m | $26.7m | $28.9m | $27.4m | $873.9m | |
| Preferred Stock Dividends, Income Statement Impact | — | $3 | $3 | $3 | $3 | $3 | $3 | $3 | $2 | $1 | $1.4m | |
| Income (Loss) from Continuing Operations, Per Basic Share | $12 | $2 | $2 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $12 | $2 | $2 | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $11.75 | $1.64 | $1.78 | $2.61 | $2.45 | $3.56 | $2.06 | $2.20 | $2.73 | $2.95 | $2.31 | |
| Earnings Per Share, Diluted | $11.68 | $1.63 | $1.77 | $2.60 | $2.45 | $3.54 | $2.05 | $2.20 | $2.72 | $2.94 | $2.30 | |
| Common Stock, Dividends, Per Share, Declared | $13.02 | $2.02 | $2.16 | $2.60 | $2.45 | $3.54 | $2.05 | $2.20 | $2.70 | $2.77 | — | |
| Preferred Stock, Dividends Per Share, Declared | $13.02 | $1.63 | $1.77 | $2.60 | $2.45 | $3.54 | $2.05 | $0.03 | $2.72 | $2.94 | $1,422,000.00 | |
| Premium on redemption of Preferred Shares | $0 | $0 | — | — | — | — | — | — | ($1.4m) | — | — | |
| Weighted Average Number of Shares Outstanding, Basic | 365.0m | 367.0m | 368.1m | 370.5m | 371.8m | 373.8m | 376.2m | 378.8m | 378.8m | 379.6m | 377.4m | |
| Weighted average Common Shares outstanding | 382.0m | 382.7m | 383.7m | 386.3m | 385.9m | 388.1m | 389.4m | 390.9m | 390.7m | 390.4m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 382.0m | 382.7m | 383.7m | 386.3m | 385.9m | 388.1m | 389.4m | 390.9m | 390.7m | 390.4m | 387.0m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $1.5m | — | — | — | — | — | — | — | — | — | — | |
| Cost of Property Repairs and Maintenance | $406.8m | $405.3m | $429.3m | $446.8m | $441.0m | $453.5m | $483.9m | $514.6m | $529.7m | $564.7m | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | $1.6m | ($2.0m) | — | — | |
| Rental income | $2.4b | $2.5b | $2.6b | $2.7b | $2.6b | $2.5b | $2.7b | $2.9b | $3.0b | $3.1b | — | |
| Property and maintenance | $406.8m | $405.3m | $429.3m | $446.8m | $441.0m | $453.5m | $483.9m | $514.6m | $529.7m | $564.7m | — | |
| Real estate taxes and insurance | $317.4m | $335.5m | $357.8m | $366.1m | $381.6m | $397.1m | $388.4m | $412.1m | $432.1m | $450.5m | — | |
| Property management | $82.0m | $85.5m | $92.5m | $95.3m | $93.8m | $98.2m | $110.3m | $119.8m | $132.7m | $133.4m | — | |
| Depreciation | $705.6m | $743.7m | $785.7m | $831.1m | $820.8m | $838.3m | $882.2m | $888.7m | $952.2m | $1.0b | $1.0b | |
| Expense incurred, net | ($482.2m) | ($383.9m) | ($413.4m) | ($390.1m) | ($365.1m) | ($272.5m) | ($282.9m) | ($269.6m) | ($285.7m) | ($306.8m) | — | |
| Amortization of deferred financing costs | ($12.6m) | ($8.5m) | ($11.3m) | ($11.7m) | ($8.9m) | ($8.7m) | ($8.7m) | ($8.9m) | ($7.8m) | ($8.8m) | — | |
| Income and other tax (expense) benefit | ($1.6m) | ($478k) | ($878k) | $2.3m | ($852k) | ($915k) | ($900k) | ($1.1m) | ($1.3m) | ($1.6m) | — | |
| Income (loss) from investments in unconsolidated entities | $4.8m | ($3.4m) | ($3.7m) | $65.9m | ($3.3m) | ($3.4m) | ($5.0m) | ($5.4m) | ($9.0m) | ($18.9m) | — | |
| Operating Partnership | ($171.5m) | ($22.6m) | ($24.9m) | ($36.0m) | ($34.0m) | ($45.9m) | ($26.3m) | ($26.7m) | ($28.9m) | ($27.4m) | — | |
| Partially Owned Properties | ($16.4m) | ($2.3m) | ($2.7m) | ($3.3m) | ($14.9m) | ($18.0m) | ($3.8m) | ($6.3m) | ($6.2m) | ($4.5m) | — | |
| Preferred distributions | ($3.1m) | ($3.1m) | ($3.1m) | ($3.1m) | ($3.1m) | ($3.1m) | ($3.1m) | ($3.1m) | ($1.6m) | ($1.4m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $4.3b | $600.4m | $654.4m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.5b | $628.4m | $685.2m | $1.0b | $962.5m | $1.4b | $807.0m | $868.5m | $1.1b | $1.2b | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $518k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $498k | $0 | — | — | — | — | — | — | — | — | — | |
| Total expenses | $1.6b | $1.6b | $1.7b | $1.8b | $1.8b | $1.8b | $1.9b | $2.0b | $2.1b | $2.2b | $2.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.