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
DateValue
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