Equity Residential (EQR) Construction in Progress (2009 - 2025)
Equity Residential's (EQR) quarterly Construction in Progress came in at $100.6 million in Q4 2025, down 61.57% year-on-year from $261.7 million in Q4 2024, and down 38.38% quarter-over-quarter from $163.2 million in Q3 2025.
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.
- On a quarterly basis, Construction in Progress fell 61.57% year-over-year to $100.6 million in Q4 2025; TTM through Dec 2025 was $100.6 million, a 61.57% decrease from a year earlier, with the FY2025 full-year figure at $100.6 million, down 61.57% from the prior year.
- Construction in Progress eased to $100.6 million in Q4 2025 per EQR's latest filing, from $163.2 million in the prior quarter.
- Across five years, Construction in Progress topped out at $476.0 million in Q1 2021 and bottomed at $24.3 million in Q4 2021.
- The 5-year median for Construction in Progress is $138.5 million (2023), against an average of $153.4 million.
- Across the five-year window, Construction in Progress plunged 94.09% in 2021 and surged 364.64% in 2022, its largest moves.
- Year by year, Construction in Progress stood at $24.3 million in 2021, then jumped by 364.64% to $112.9 million in 2022, then tumbled by 30.9% to $78.0 million in 2023, then jumped by 235.37% to $261.7 million in 2024, then tumbled by 61.57% to $100.6 million in 2025.
- Per Business Quant, the three latest EQR Construction in Progress figures stand at $100.6 million (Q4 2025), $163.2 million (Q3 2025), and $168.6 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.63 Bn | 26.85 Bn | - | 1.58 Bn |
| 2 | Equity Residential | 25.81 Bn | 26.00 Bn | - | 100.56 Mn |
| 3 | Invitation Homes | 17.83 Bn | 17.87 Bn | 694.98 Mn | 5.74 Mn |
| 4 | Mid America Apartment Communities | 15.53 Bn | 15.53 Bn | 537.05 Mn | 426.76 Mn |
| 5 | Sun Communities | 14.72 Bn | 14.83 Bn | 491.20 Mn | - |
| 6 | Udr | 12.95 Bn | 12.92 Bn | 416.43 Mn | 91.74 Mn |
| 7 | Equity Lifestyle Properties | 12.81 Bn | 12.87 Bn | 378.95 Mn | - |
| 8 | American Homes 4 Rent | 12.07 Bn | 12.74 Bn | - | - |
| 9 | Camden Property Trust | 11.83 Bn | 11.90 Bn | - | 457.99 Mn |
| 10 | Millrose Properties | 4.70 Bn | 4.70 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 |