Erp Operating Ltd Partnership (EQR) Operating Expenses (2009 - 2026)
Equity Residential (EQR) posted quarterly Operating Expenses of $566.2 million for Q2 2026, up 4.3% year-over-year from $542.8 million in Q2 2025, and up 1.29% quarter-over-quarter from $559.0 million in Q4 2025.
Erp Operating Ltd Partnership (EQR) Operating Expenses (2009 - 2026) Analysis & Trends
Equity Residential's Operating Expenses history runs 18 years deep, the most recent figure standing at $566.2 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 4.3% year-over-year to $566.2 million; the TTM figure through Jun 2026 stood at $2.2 billion (up 1.6% YoY), while the FY2025 annual figure was $2.2 billion, up 5.49% from the prior year.
- Operating Expenses for Q2 2026 stood at $566.2 million, up from $559.0 million in the prior quarter.
- The five-year high for Operating Expenses was $566.5 million in Q1 2025, with the low at $457.3 million in Q4 2022.
- The 5-year median for Operating Expenses is $508.6 million (2024), against an average of $518.7 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses declined 2.91% in 2022, then grew 13.0% in 2024.
- Equity Residential's Operating Expenses stood at $457.3 million in 2022, then grew by 7.26% to $490.5 million in 2023, then climbed by 13.0% to $554.3 million in 2024, then climbed by 0.85% to $559.0 million in 2025, then advanced by 1.29% to $566.2 million in 2026.
- Business Quant data shows EQR's Operating Expenses at $566.2 million in Q2 2026, $559.0 million in Q4 2025, and $555.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 636.04 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 566.18 Mn |
| 3 | Invitation Homes | 17.85 Bn | 17.85 Bn | 705.34 Mn | 657.51 Mn |
| 4 | Mid America Apartment Communities | 15.29 Bn | 15.16 Bn | 537.17 Mn | 218.72 Mn |
| 5 | Sun Communities | 14.91 Bn | 14.91 Bn | 460.10 Mn | 434.40 Mn |
| 6 | Equity Lifestyle Properties | 12.63 Bn | 12.63 Bn | 375.97 Mn | 298.46 Mn |
| 7 | American Homes 4 Rent | 12.36 Bn | 12.36 Bn | - | 397.77 Mn |
| 8 | Udr | 12.17 Bn | 12.17 Bn | 412.43 Mn | 345.25 Mn |
| 9 | Camden Property Trust | 11.02 Bn | 11.02 Bn | - | 140.94 Mn |
| 10 | Millrose Properties | 5.06 Bn | 5.06 Bn | - | 29.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 566.18 Mn |
| Dec 31, 2025 | -1.66 Bn |
| Sep 30, 2025 | 555.86 Mn |
| Jun 30, 2025 | 542.81 Mn |
| Mar 31, 2025 | 566.54 Mn |
| Dec 31, 2024 | 554.28 Mn |
| Sep 30, 2024 | 525.09 Mn |
| Jun 30, 2024 | 508.61 Mn |
| Mar 31, 2024 | 520.43 Mn |
| Dec 31, 2023 | 490.50 Mn |
| Sep 30, 2023 | 498.94 Mn |
| Jun 30, 2023 | 498.76 Mn |
| Mar 31, 2023 | 507.71 Mn |
| Dec 31, 2022 | 457.32 Mn |
| Sep 30, 2022 | 477.64 Mn |
| Jun 30, 2022 | 484.99 Mn |
| Mar 31, 2022 | 503.51 Mn |
| Dec 31, 2021 | 471.04 Mn |
| Sep 30, 2021 | 465.58 Mn |
| Jun 30, 2021 | 444.95 Mn |