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| Date | Value |
|---|---|
| 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 |