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
DateValue
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