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| Date | Value |
|---|---|
| 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 |