Equity Residential (EQR) Capital Expenditures (2009 - 2025)

Equity Residential (EQR) recorded quarterly Capital Expenditures of $579.6 million in Q4 2025, up 2506.3% quarter-over-quarter from $22.2 million in Q3 2025, and up 1382.31% on a YoY basis from $39.1 million in Q4 2024.

Equity Residential (EQR) Capital Expenditures (2009 - 2025) Analysis & Trends

Equity Residential's Capital Expenditures history runs 17 years deep, the most recent figure standing at $579.6 million for Q4 2025.

  • In Q4 2025, Capital Expenditures rose 1382.31% year-over-year to $579.6 million; the TTM figure through Dec 2025 stood at $661.6 million (up 409.62% YoY), while the FY2025 annual figure was $661.6 million, up 409.62% from the prior year.
  • Capital Expenditures was $579.6 million for Q4 2025 at Equity Residential, up from $22.2 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $579.6 million in Q4 2025 to a low of -$126.5 million in Q3 2023.
  • Historically, Capital Expenditures has averaged $79.5 million across 5 years, with a median of $35.8 million in 2021.
  • The sharpest annual moves came in 2022 and 2023: Capital Expenditures sank 111.02% in 2022, then jumped 7241.8% in 2023.
  • A 5-year view of Capital Expenditures shows it stood at $33.6 million in 2021, then tumbled by 111.02% to -$3.7 million in 2022, then surged by 7241.8% to $264.3 million in 2023, then sank by 85.21% to $39.1 million in 2024, then soared by 1382.31% to $579.6 million in 2025.
  • The last three Capital Expenditures figures came in at $579.6 million (Q4 2025), $22.2 million (Q3 2025), and $28.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Avalonbay Communities 24.79 Bn 25.01 Bn - 59.45 Mn
2 Equity Residential 24.35 Bn 24.48 Bn - 579.64 Mn
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 57.05 Mn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 103.08 Mn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 107.00 Mn
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - 33.66 Mn
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 43.46 Mn
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 45.29 Mn
9 Camden Property Trust 11.45 Bn 11.53 Bn - 94.02 Mn
10 Millrose Properties 4.75 Bn 4.75 Bn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 579.64 Mn
Dec 31, 2025 579.64 Mn
Sep 30, 2025 22.24 Mn
Sep 30, 2025 22.24 Mn
Jun 30, 2025 28.74 Mn
Jun 30, 2025 28.74 Mn
Mar 31, 2025 30.97 Mn
Mar 31, 2025 30.97 Mn
Dec 31, 2024 39.10 Mn
Dec 31, 2024 39.10 Mn
Sep 30, 2024 27.21 Mn
Sep 30, 2024 27.21 Mn
Jun 30, 2024 38.02 Mn
Jun 30, 2024 38.02 Mn
Mar 31, 2024 25.49 Mn
Mar 31, 2024 25.49 Mn
Dec 31, 2023 264.32 Mn
Dec 31, 2023 264.32 Mn
Sep 30, 2023 -126.50 Mn
Sep 30, 2023 -126.50 Mn