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| 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 |