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
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