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

Equity Residential's Operating Expenses history runs 17 years deep, the most recent figure standing at -$1.7 billion for Q4 2025.

• In Q4 2025, Operating Expenses fell 7.16% year-over-year to -$1.7 billion; the TTM figure through Dec 2025 stood at $1.9 million (changed 0.0% YoY), while the FY2025 annual figure was $1.9 million, changed 0.0% from the prior year.
• Operating Expenses was -$1.7 billion for Q4 2025 at Equity Residential, down from $555.9 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $566.5 million in Q1 2025 to a low of -$1.7 billion in Q4 2025.
• Historically, Operating Expenses has averaged $288.3 million across 5 years, with a median of $494.6 million in 2023.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses grew 9.0% in 2022, then plunged 416.46% in 2024.
• A 5-year view of Operating Expenses shows it stood at $471.0 million in 2021, then decreased by 2.91% to $457.3 million in 2022, then increased by 7.26% to $490.5 million in 2023, then slumped by 416.46% to -$1.6 billion in 2024, then retreated 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.