Equity Residential (EQR) Land & Improvements (2016 - 2025)

Equity Residential's (EQR) 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 (EQR) Land & Improvements (2016 - 2025) Analysis & Trends

Equity Residential's Land & Improvements history runs 10 years deep, the most recent figure standing at $5.6 billion for Q4 2025.

  • On a quarterly basis, Land & Improvements fell 0.77% year-over-year to $5.6 billion in Q4 2025; TTM through Dec 2025 was $5.6 billion, a 0.77% decrease from a year earlier, with the FY2025 full-year figure at $5.6 billion, down 0.77% from the prior year.
  • Land & Improvements fell to $5.6 billion in Q4 2025 per EQR's latest filing, from $5.6 billion in the prior quarter.
  • Across five years, Land & Improvements topped out at $5.8 billion in Q1 2022 and bottomed at $5.5 billion in Q2 2024.
  • The 5-year median for Land & Improvements is $5.6 billion (2023), against an average of $5.6 billion.
  • Across the five-year window, Land & Improvements retreated 4.75% in 2023 and climbed 1.73% in 2025, its largest moves.
  • Year by year, Land & Improvements stood at $5.8 billion in 2021, then slipped by 4.02% to $5.6 billion in 2022, then advanced by 0.02% to $5.6 billion in 2023, then gained by 0.44% to $5.6 billion in 2024, then decreased by 0.77% to $5.6 billion in 2025.
  • Per Business Quant, the three latest EQR Land & Improvements figures stand at $5.6 billion (Q4 2025), $5.6 billion (Q3 2025), and $5.6 billion (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Land & Improvements (Qtr)
1 Avalonbay Communities 26.63 Bn 26.85 Bn - 4.99 Bn
2 Equity Residential 25.81 Bn 26.00 Bn - 5.56 Bn
3 Invitation Homes 17.83 Bn 17.87 Bn 694.98 Mn 4.96 Bn
4 Mid America Apartment Communities 15.53 Bn 15.53 Bn 537.05 Mn 2.13 Bn
5 Sun Communities 14.72 Bn 14.83 Bn 491.20 Mn 3.49 Bn
6 Udr 12.95 Bn 12.92 Bn 416.43 Mn -
7 Equity Lifestyle Properties 12.81 Bn 12.87 Bn 378.95 Mn 4.83 Bn
8 American Homes 4 Rent 12.07 Bn 12.74 Bn - 2.42 Bn
9 Camden Property Trust 11.83 Bn 11.90 Bn - 1.78 Bn
10 Millrose Properties 4.70 Bn 4.70 Bn - -

Historic Data

Download Data
DateValue
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