Equity Residential (EQR) EBITDA (2009 - 2025)

Equity Residential (EQR) recorded quarterly EBITDA of $486.4 million in Q4 2025, down 17.11% quarter-over-quarter from $586.8 million in Q3 2025, and down 14.78% on a YoY basis from $570.8 million in Q4 2024.

Equity Residential (EQR) EBITDA (2009 - 2025) Analysis & Trends

Equity Residential's EBITDA history runs 17 years deep, the most recent figure standing at $486.4 million for Q4 2025.

  • In Q4 2025, EBITDA fell 14.78% year-over-year to $486.4 million; the TTM figure through Dec 2025 stood at $2.1 billion (up 5.49% YoY), while the FY2025 annual figure was $2.2 billion, up 6.45% from the prior year.
  • EBITDA was $486.4 million for Q4 2025 at Equity Residential, down from $586.8 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $864.1 million in Q4 2021 to a low of $335.5 million in Q1 2021.
  • Historically, EBITDA has averaged $534.9 million across 5 years, with a median of $523.6 million in 2022.
  • The sharpest annual moves came in 2021 and 2022: EBITDA surged 92.41% in 2021, then plunged 47.16% in 2022.
  • A 5-year view of EBITDA shows it stood at $864.1 million in 2021, then slumped by 47.16% to $456.6 million in 2022, then soared by 35.62% to $619.3 million in 2023, then dropped by 7.84% to $570.8 million in 2024, then fell by 14.78% to $486.4 million in 2025.
  • The last three EBITDA figures came in at $486.4 million (Q4 2025), $586.8 million (Q3 2025), and $449.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Avalonbay Communities 24.79 Bn 25.01 Bn - 632.59 Mn
2 Equity Residential 24.35 Bn 24.48 Bn - 486.41 Mn
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 233.41 Mn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 331.31 Mn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 6.80 Mn
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - -
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 391.07 Mn
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 109.99 Mn
9 Camden Property Trust 11.45 Bn 11.53 Bn - 44.73 Mn
10 Millrose Properties 4.75 Bn 4.75 Bn - 166.08 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 486.41 Mn
Sep 30, 2025 586.85 Mn
Jun 30, 2025 449.89 Mn
Mar 31, 2025 600.56 Mn
Dec 31, 2024 570.75 Mn
Sep 30, 2024 402.22 Mn
Jun 30, 2024 475.79 Mn
Mar 31, 2024 564.47 Mn
Dec 31, 2023 619.29 Mn
Sep 30, 2023 476.77 Mn
Jun 30, 2023 439.82 Mn
Mar 31, 2023 513.42 Mn
Dec 31, 2022 456.64 Mn
Sep 30, 2022 628.14 Mn
Jun 30, 2022 533.74 Mn
Mar 31, 2022 379.70 Mn
Dec 31, 2021 864.12 Mn
Sep 30, 2021 736.95 Mn
Jun 30, 2021 577.52 Mn
Mar 31, 2021 335.52 Mn