Equity Residential (EQR) Operating Expenses (2009 - 2025)

Equity Residential has reported Operating Expenses for 17 years, with the latest figure at -$1.7 billion in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 7.16% year-over-year to -$1.7 billion; the trailing twelve-month figure through Dec 2025 stood at $1.9 million (changed 0.0% YoY), and the FY2025 full-year result was $1.9 million, changed 0.0% from the prior year.
• Operating Expenses for Q4 2025 stood at -$1.7 billion, down from $555.9 million in the prior quarter.
• The five-year high for Operating Expenses was $566.5 million in Q1 2025, with the low at -$1.7 billion in Q4 2025.
• Average Operating Expenses over 5 years is $288.3 million, with a median of $494.6 million recorded in 2023.
• Year-over-year, Operating Expenses rose 9.0% in 2022 and plunged 416.46% in 2024.
• Tracing EQR's Operating Expenses over 5 years: stood at $471.0 million in 2021, then slipped by 2.91% to $457.3 million in 2022, then rose by 7.26% to $490.5 million in 2023, then sank by 416.46% to -$1.6 billion in 2024, then decreased by 7.16% to -$1.7 billion in 2025.
• The last three Operating Expenses figures came in at -$1.7 billion (Q4 2025), $555.9 million (Q3 2025), and $542.8 million (Q2 2025), per Business Quant data.

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