Equity Residential (EQR) Construction in Progress (2009 - 2025)

Equity Residential (EQR) recorded quarterly Construction in Progress of $100.6 million in Q4 2025, down 38.38% quarter-over-quarter from $163.2 million in Q3 2025, and down 61.57% on a YoY basis from $261.7 million in Q4 2024.

Equity Residential (EQR) Construction in Progress (2009 - 2025) Analysis & Trends

Equity Residential's Construction in Progress history runs 17 years deep, the most recent figure standing at $100.6 million for Q4 2025.

  • In Q4 2025, Construction in Progress fell 61.57% year-over-year to $100.6 million; the TTM figure through Dec 2025 stood at $100.6 million (down 61.57% YoY), while the FY2025 annual figure was $100.6 million, down 61.57% from the prior year.
  • Construction in Progress was $100.6 million for Q4 2025 at Equity Residential, down from $163.2 million in the prior quarter.
  • In the past five years, Construction in Progress ranged from a high of $476.0 million in Q1 2021 to a low of $24.3 million in Q4 2021.
  • Historically, Construction in Progress has averaged $153.4 million across 5 years, with a median of $138.5 million in 2023.
  • The sharpest annual moves came in 2021 and 2022: Construction in Progress plunged 94.09% in 2021, then soared 364.64% in 2022.
  • A 5-year view of Construction in Progress shows it stood at $24.3 million in 2021, then jumped by 364.64% to $112.9 million in 2022, then sank by 30.9% to $78.0 million in 2023, then jumped by 235.37% to $261.7 million in 2024, then sank by 61.57% to $100.6 million in 2025.
  • The last three Construction in Progress figures came in at $100.6 million (Q4 2025), $163.2 million (Q3 2025), and $168.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Construction in Progress (Qtr)
1 Avalonbay Communities 24.79 Bn 25.01 Bn - 1.58 Bn
2 Equity Residential 24.35 Bn 24.48 Bn - 100.56 Mn
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 5.74 Mn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 426.76 Mn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn -
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - -
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 91.74 Mn
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn -
9 Camden Property Trust 11.45 Bn 11.53 Bn - 457.99 Mn
10 Millrose Properties 4.75 Bn 4.75 Bn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 100.56 Mn
Sep 30, 2025 163.19 Mn
Jun 30, 2025 168.63 Mn
Mar 31, 2025 144.71 Mn
Dec 31, 2024 261.71 Mn
Sep 30, 2024 222.06 Mn
Jun 30, 2024 188.28 Mn
Mar 31, 2024 155.73 Mn
Dec 31, 2023 78.04 Mn
Sep 30, 2023 61.41 Mn
Jun 30, 2023 50.92 Mn
Mar 31, 2023 132.34 Mn
Dec 31, 2022 112.94 Mn
Sep 30, 2022 89.35 Mn
Jun 30, 2022 65.16 Mn
Mar 31, 2022 36.72 Mn
Dec 31, 2021 24.31 Mn
Sep 30, 2021 163.66 Mn
Jun 30, 2021 372.24 Mn
Mar 31, 2021 476.01 Mn