KPIs & Operating Metrics(New)
Growth Metrics

Equity Residential (EQR) Depreciation Expense (2009 - 2025)

Equity Residential's quarterly Depreciation Expense came in at $258.1 million in Q4 2025, down 2.29% year-on-year from $264.2 million in Q4 2024, and up 1.36% quarter-over-quarter from $254.7 million in Q3 2025.

Equity Residential has reported Depreciation Expense for 17 years, with the latest figure at $258.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Depreciation Expense fell 2.29% year-over-year to $258.1 million; the trailing twelve-month figure through Dec 2025 stood at $1.0 billion (up 6.11% YoY), and the FY2025 full-year result was $1.0 billion, up 6.11% from the prior year.
  • Depreciation Expense for Q4 2025 stood at $258.1 million, up from $254.7 million in the prior quarter.
  • The five-year high for Depreciation Expense was $264.2 million in Q4 2024, with the low at $200.0 million in Q1 2021.
  • Average Depreciation Expense over 5 years is $228.6 million, with a median of $224.6 million recorded in 2023.
  • Year-over-year, Depreciation Expense fell 6.14% in 2023 and grew 16.47% in 2024.
  • Tracing EQR's Depreciation Expense over 5 years: stood at $222.2 million in 2021, then retreated by 3.59% to $214.3 million in 2022, then gained by 5.84% to $226.8 million in 2023, then gained by 16.47% to $264.2 million in 2024, then declined by 2.29% to $258.1 million in 2025.
  • The last three Depreciation Expense figures came in at $258.1 million (Q4 2025), $254.7 million (Q3 2025), and $240.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation (Qtr)
1 Avalonbay Communities 25.91 Bn 26.13 Bn - 233.10 Mn
2 Equity Residential 25.13 Bn 25.27 Bn - 258.11 Mn
3 Invitation Homes 17.75 Bn 17.79 Bn 694.98 Mn 193.14 Mn
4 Sun Communities 15.66 Bn 15.77 Bn 491.20 Mn -
5 Mid America Apartment Communities 15.34 Bn 15.42 Bn 537.05 Mn -
6 American Homes 4 Rent 13.60 Bn 14.17 Bn - 5.70 Mn
7 Udr 12.44 Bn 12.44 Bn 416.43 Mn 161.27 Mn
8 Equity Lifestyle Properties 12.31 Bn 12.37 Bn 393.79 Mn -
9 Camden Property Trust 11.27 Bn 11.34 Bn - -
10 Millrose Properties 4.59 Bn 4.59 Bn - -

Historic Data

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DateValue
Dec 31, 2025 258.11 Mn
Sep 30, 2025 254.66 Mn
Jun 30, 2025 240.89 Mn
Mar 31, 2025 256.75 Mn
Dec 31, 2024 264.15 Mn
Sep 30, 2024 237.95 Mn
Jun 30, 2024 224.40 Mn
Mar 31, 2024 225.70 Mn
Dec 31, 2023 226.79 Mn
Sep 30, 2023 224.74 Mn
Jun 30, 2023 221.36 Mn
Mar 31, 2023 215.83 Mn
Dec 31, 2022 214.27 Mn
Sep 30, 2022 214.13 Mn
Jun 30, 2022 223.81 Mn
Mar 31, 2022 229.96 Mn
Dec 31, 2021 222.24 Mn
Sep 30, 2021 215.40 Mn
Jun 30, 2021 200.67 Mn
Mar 31, 2021 199.96 Mn
Dec 31, 2020 201.83 Mn
Sep 30, 2020 200.61 Mn
Jun 30, 2020 205.98 Mn
Mar 31, 2020 212.42 Mn
Dec 31, 2019 214.88 Mn
Sep 30, 2019 211.48 Mn
Jun 30, 2019 200.51 Mn
Mar 31, 2019 204.22 Mn
Dec 31, 2018 201.86 Mn
Sep 30, 2018 194.62 Mn
Jun 30, 2018 192.94 Mn
Mar 31, 2018 196.31 Mn
Dec 31, 2017 200.79 Mn
Sep 30, 2017 184.10 Mn
Jun 30, 2017 179.90 Mn
Mar 31, 2017 178.97 Mn
Dec 31, 2016 177.41 Mn
Sep 30, 2016 179.23 Mn
Jun 30, 2016 176.13 Mn
Mar 31, 2016 172.89 Mn
Dec 31, 2015 181.03 Mn
Sep 30, 2015 196.06 Mn
Jun 30, 2015 194.28 Mn
Mar 31, 2015 194.52 Mn
Dec 31, 2014 193.09 Mn
Sep 30, 2014 190.47 Mn
Jun 30, 2014 190.14 Mn
Mar 31, 2014 185.17 Mn
Dec 31, 2013 182.74 Mn
Sep 30, 2013 276.71 Mn
Jun 30, 2013 323.30 Mn
Mar 31, 2013 196.22 Mn
Dec 31, 2012 138.52 Mn
Sep 30, 2012 139.34 Mn
Jun 30, 2012 145.44 Mn
Mar 31, 2012 148.25 Mn
Dec 31, 2011 38.76 Mn
Sep 30, 2011 159.69 Mn
Jun 30, 2011 154.45 Mn
Mar 31, 2011 158.46 Mn
Dec 31, 2010 123.65 Mn
Sep 30, 2010 158.32 Mn
Jun 30, 2010 162.70 Mn
Mar 31, 2010 146.04 Mn
Dec 31, 2009 89.98 Mn
Sep 30, 2009 144.17 Mn
Jun 30, 2009 143.30 Mn
Mar 31, 2009 141.81 Mn