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
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