Equity Residential (EQR) Free Cash Flow (2009 - 2025)

Equity Residential's (EQR) quarterly Free Cash Flow came in at $357.2 million in Q4 2025, up 13.35% year-on-year from $315.1 million in Q4 2024, and down 21.4% quarter-over-quarter from $454.4 million in Q3 2025.

Equity Residential (EQR) Free Cash Flow (2009 - 2025) Analysis & Trends

Equity Residential's Free Cash Flow history runs 17 years deep, the most recent figure standing at $357.2 million for Q4 2025.

  • On a quarterly basis, Free Cash Flow rose 13.35% year-over-year to $357.2 million in Q4 2025; TTM through Dec 2025 was $1.5 billion, a 6.45% increase from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 6.45% from the prior year.
  • Free Cash Flow fell to $357.2 million in Q4 2025 per EQR's latest filing, from $454.4 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $569.0 million in Q3 2023 and bottomed at $80.0 million in Q4 2023.
  • The 5-year median for Free Cash Flow is $343.2 million (2022), against an average of $329.4 million.
  • Across the five-year window, Free Cash Flow sank 73.96% in 2023 and jumped 294.12% in 2024, its largest moves.
  • Year by year, Free Cash Flow stood at $248.4 million in 2021, then rose by 23.62% to $307.1 million in 2022, then sank by 73.96% to $80.0 million in 2023, then soared by 294.12% to $315.1 million in 2024, then advanced by 13.35% to $357.2 million in 2025.
  • Per Business Quant, the three latest EQR Free Cash Flow figures stand at $357.2 million (Q4 2025), $454.4 million (Q3 2025), and $330.8 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Avalonbay Communities 26.63 Bn 26.85 Bn - 82.11 Mn
2 Equity Residential 25.81 Bn 26.00 Bn - 357.18 Mn
3 Invitation Homes 17.83 Bn 17.87 Bn 694.98 Mn 221.50 Mn
4 Mid America Apartment Communities 15.53 Bn 15.53 Bn 537.05 Mn 158.60 Mn
5 Sun Communities 14.72 Bn 14.83 Bn 491.20 Mn 162.30 Mn
6 Udr 12.95 Bn 12.92 Bn 416.43 Mn 100.23 Mn
7 Equity Lifestyle Properties 12.81 Bn 12.87 Bn 378.95 Mn 148.95 Mn
8 American Homes 4 Rent 12.07 Bn 12.74 Bn - 203.06 Mn
9 Camden Property Trust 11.83 Bn 11.90 Bn - 148.11 Mn
10 Millrose Properties 4.70 Bn 4.70 Bn - 797.30 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 357.18 Mn
Dec 31, 2025 357.18 Mn
Sep 30, 2025 454.42 Mn
Sep 30, 2025 454.42 Mn
Jun 30, 2025 330.80 Mn
Jun 30, 2025 330.80 Mn
Mar 31, 2025 394.55 Mn
Mar 31, 2025 394.55 Mn
Dec 31, 2024 315.12 Mn
Dec 31, 2024 315.12 Mn
Sep 30, 2024 365.95 Mn
Sep 30, 2024 365.95 Mn
Jun 30, 2024 342.52 Mn
Jun 30, 2024 342.52 Mn
Mar 31, 2024 420.19 Mn
Mar 31, 2024 420.19 Mn
Dec 31, 2023 79.96 Mn
Dec 31, 2023 79.96 Mn
Sep 30, 2023 569.04 Mn
Sep 30, 2023 569.04 Mn