Equity Residential (EQR) EBT (2009 - 2025)
Equity Residential (EQR) recorded quarterly EBT of $395.4 million in Q4 2025, up 31.25% quarter-over-quarter from $301.2 million in Q3 2025, and down 9.79% on a YoY basis from $438.3 million in Q4 2024.
Equity Residential (EQR) EBT (2009 - 2025) Analysis & Trends
Equity Residential's EBT history runs 17 years deep, the most recent figure standing at $395.4 million for Q4 2025.
- In Q4 2025, EBT fell 9.79% year-over-year to $395.4 million; the TTM figure through Dec 2025 stood at $1.2 billion (up 8.45% YoY), while the FY2025 annual figure was $1.2 billion, up 8.45% from the prior year.
- EBT was $395.4 million for Q4 2025 at Equity Residential, up from $301.2 million in the prior quarter.
- In the past five years, EBT ranged from a high of $561.6 million in Q4 2021 to a low of $62.1 million in Q1 2021.
- Historically, EBT has averaged $267.1 million across 5 years, with a median of $252.9 million in 2022.
- Biggest YoY gain for EBT was 368.09% in 2021; the steepest drop was 81.39% in 2021.
- A 5-year view of EBT shows it stood at $561.6 million in 2021, then slumped by 70.24% to $167.1 million in 2022, then jumped by 93.92% to $324.1 million in 2023, then soared by 35.26% to $438.3 million in 2024, then slipped by 9.79% to $395.4 million in 2025.
- The last three EBT figures came in at $395.4 million (Q4 2025), $301.2 million (Q3 2025), and $204.2 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 24.79 Bn | 25.01 Bn | - | 328.00 Mn |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | 395.39 Mn |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | -55.05 Mn |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 57.74 Mn |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 23.50 Mn |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | - |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | 203.36 Mn |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 80.50 Mn |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | 45.31 Mn |
| 10 | Millrose Properties | 4.75 Bn | 4.75 Bn | - | 127.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 395.39 Mn |
| Sep 30, 2025 | 301.25 Mn |
| Jun 30, 2025 | 204.20 Mn |
| Mar 31, 2025 | 271.70 Mn |
| Dec 31, 2024 | 438.31 Mn |
| Sep 30, 2024 | 150.30 Mn |
| Jun 30, 2024 | 185.56 Mn |
| Mar 31, 2024 | 307.03 Mn |
| Dec 31, 2023 | 324.06 Mn |
| Sep 30, 2023 | 182.79 Mn |
| Jun 30, 2023 | 146.42 Mn |
| Mar 31, 2023 | 221.75 Mn |
| Dec 31, 2022 | 167.10 Mn |
| Sep 30, 2022 | 336.34 Mn |
| Jun 30, 2022 | 234.14 Mn |
| Mar 31, 2022 | 75.34 Mn |
| Dec 31, 2021 | 561.58 Mn |
| Sep 30, 2021 | 448.77 Mn |
| Jun 30, 2021 | 328.54 Mn |
| Mar 31, 2021 | 62.12 Mn |