Equity Residential (EQR) Land & Improvements (2016 - 2025)
Equity Residential's quarterly Land & Improvements came in at $5.6 billion in Q4 2025, down 0.77% year-on-year from $5.6 billion in Q4 2024, and down 0.92% quarter-over-quarter from $5.6 billion in Q3 2025.
Equity Residential has reported Land & Improvements for 10 years, with the latest figure at $5.6 billion in Q4 2025.
- For the quarter ending Q4 2025, Land & Improvements fell 0.77% year-over-year to $5.6 billion; the trailing twelve-month figure through Dec 2025 stood at $5.6 billion (down 0.77% YoY), and the FY2025 full-year result was $5.6 billion, down 0.77% from the prior year.
- Land & Improvements for Q4 2025 stood at $5.6 billion, down from $5.6 billion in the prior quarter.
- The five-year high for Land & Improvements was $5.8 billion in Q1 2022, with the low at $5.5 billion in Q2 2024.
- Average Land & Improvements over 5 years is $5.6 billion, with a median of $5.6 billion recorded in 2023.
- Year-over-year, Land & Improvements retreated 4.75% in 2023 and climbed 1.73% in 2025.
- Tracing EQR's Land & Improvements over 5 years: stood at $5.8 billion in 2021, then dropped by 4.02% to $5.6 billion in 2022, then climbed by 0.02% to $5.6 billion in 2023, then advanced by 0.44% to $5.6 billion in 2024, then slipped by 0.77% to $5.6 billion in 2025.
- The last three Land & Improvements figures came in at $5.6 billion (Q4 2025), $5.6 billion (Q3 2025), and $5.6 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - | 4.99 Bn |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | 5.56 Bn |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 4.96 Bn |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | 3.49 Bn |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | 2.13 Bn |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | - |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | - |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | 4.83 Bn |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - | 1.78 Bn |
| 10 | Millrose Properties | 4.59 Bn | 4.59 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.56 Bn |
| Sep 30, 2025 | 5.62 Bn |
| Jun 30, 2025 | 5.64 Bn |
| Mar 31, 2025 | 5.57 Bn |
| Dec 31, 2024 | 5.61 Bn |
| Sep 30, 2024 | 5.68 Bn |
| Jun 30, 2024 | 5.54 Bn |
| Mar 31, 2024 | 5.55 Bn |
| Dec 31, 2023 | 5.58 Bn |
| Sep 30, 2023 | 5.59 Bn |
| Jun 30, 2023 | 5.58 Bn |
| Mar 31, 2023 | 5.56 Bn |
| Dec 31, 2022 | 5.58 Bn |
| Sep 30, 2022 | 5.58 Bn |
| Jun 30, 2022 | 5.73 Bn |
| Mar 31, 2022 | 5.84 Bn |
| Dec 31, 2021 | 5.81 Bn |
| Sep 30, 2021 | 5.78 Bn |
| Jun 30, 2021 | 5.78 Bn |
| Mar 31, 2021 | 5.79 Bn |
| Dec 31, 2020 | 5.79 Bn |
| Sep 30, 2020 | 5.79 Bn |
| Jun 30, 2020 | 5.79 Bn |
| Mar 31, 2020 | 5.88 Bn |
| Dec 31, 2019 | 5.94 Bn |
| Sep 30, 2019 | 5.96 Bn |
| Jun 30, 2019 | 5.89 Bn |
| Mar 31, 2019 | 5.92 Bn |
| Dec 31, 2018 | 5.88 Bn |
| Sep 30, 2018 | 5.87 Bn |
| Jun 30, 2018 | 5.99 Bn |
| Mar 31, 2018 | 5.96 Bn |
| Dec 31, 2017 | 6.00 Bn |
| Sep 30, 2017 | 5.99 Bn |
| Jun 30, 2017 | 5.93 Bn |
| Mar 31, 2017 | 5.90 Bn |
| Dec 31, 2016 | 5.90 Bn |