Equity Residential (EQR) Net Income (2009 - 2025)
Equity Residential's (EQR) quarterly Net Income came in at $395.0 million in Q4 2025, down 9.81% year-on-year from $438.0 million in Q4 2024, and up 31.3% quarter-over-quarter from $300.9 million in Q3 2025.
Equity Residential (EQR) Net Income (2009 - 2025) Analysis & Trends
Equity Residential's Net Income history runs 16 years deep, the most recent figure standing at $395.0 million for Q4 2025.
- On a quarterly basis, Net Income fell 9.81% year-over-year to $395.0 million in Q4 2025; TTM through Dec 2025 was $1.2 billion, a 8.43% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 8.43% from the prior year.
- Net Income rose to $395.0 million in Q4 2025 per EQR's latest filing, from $300.9 million in the prior quarter.
- Across five years, Net Income topped out at $561.3 million in Q4 2021 and bottomed at $62.0 million in Q1 2021.
- The 5-year median for Net Income is $252.6 million (2022), against an average of $266.8 million.
- Biggest YoY gain for Net Income was 369.08% in 2021; the steepest drop was 81.44% in 2021.
- Year by year, Net Income stood at $561.3 million in 2021, then slumped by 70.26% to $166.9 million in 2022, then surged by 93.97% to $323.8 million in 2023, then surged by 35.26% to $438.0 million in 2024, then retreated by 9.81% to $395.0 million in 2025.
- Per Business Quant, the three latest EQR Net Income figures stand at $395.0 million (Q4 2025), $300.9 million (Q3 2025), and $203.8 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | 328.29 Mn |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | 395.03 Mn |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | -55.05 Mn |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 56.55 Mn |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | - |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 203.36 Mn |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 80.50 Mn |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | - |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | 44.37 Mn |
| 10 | Millrose Properties | 4.76 Bn | 4.76 Bn | - | 127.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 395.03 Mn |
| Sep 30, 2025 | 300.85 Mn |
| Jun 30, 2025 | 203.79 Mn |
| Mar 31, 2025 | 271.28 Mn |
| Dec 31, 2024 | 437.98 Mn |
| Sep 30, 2024 | 150.01 Mn |
| Jun 30, 2024 | 185.23 Mn |
| Mar 31, 2024 | 306.73 Mn |
| Dec 31, 2023 | 323.80 Mn |
| Sep 30, 2023 | 182.53 Mn |
| Jun 30, 2023 | 146.09 Mn |
| Mar 31, 2023 | 221.45 Mn |
| Dec 31, 2022 | 166.93 Mn |
| Sep 30, 2022 | 336.19 Mn |
| Jun 30, 2022 | 233.85 Mn |
| Mar 31, 2022 | 75.06 Mn |
| Dec 31, 2021 | 561.35 Mn |
| Sep 30, 2021 | 448.49 Mn |
| Jun 30, 2021 | 328.30 Mn |
| Mar 31, 2021 | 61.97 Mn |