Equity Residential (EQR) Land & Improvements (2016 - 2025)
Equity Residential (EQR) recorded quarterly Land & Improvements of $5.6 billion in Q4 2025, down 0.92% quarter-over-quarter from $5.6 billion in Q3 2025, and down 0.77% on a YoY basis from $5.6 billion in Q4 2024.
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.
- In Q4 2025, Land & Improvements fell 0.77% year-over-year to $5.6 billion; the TTM figure through Dec 2025 stood at $5.6 billion (down 0.77% YoY), while the FY2025 annual figure was $5.6 billion, down 0.77% from the prior year.
- Land & Improvements was $5.6 billion for Q4 2025 at Equity Residential, down from $5.6 billion in the prior quarter.
- In the past five years, Land & Improvements ranged from a high of $5.8 billion in Q1 2022 to a low of $5.5 billion in Q2 2024.
- Historically, Land & Improvements has averaged $5.6 billion across 5 years, with a median of $5.6 billion in 2023.
- The sharpest annual moves came in 2023 and 2025: Land & Improvements declined 4.75% in 2023, then gained 1.73% in 2025.
- A 5-year view of Land & Improvements shows it 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.
- 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 | 24.79 Bn | 25.01 Bn | - | 4.99 Bn |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | 5.56 Bn |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | 4.96 Bn |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 2.13 Bn |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 3.49 Bn |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | - |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | - |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 4.83 Bn |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | 1.78 Bn |
| 10 | Millrose Properties | 4.75 Bn | 4.75 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 |