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.

• On a quarterly basis, Operating Expenses fell 400.08% year-over-year to -$1.7 billion in Q4 2025; TTM through Dec 2025 was $1.9 million, a 99.91% decrease from a year earlier, with the FY2025 full-year figure at $1.9 million, down 99.91% from the prior year.
• Operating Expenses eased to -$1.7 billion in Q4 2025 per EQR's latest filing, from $555.9 million in the prior quarter.
• Across five years, Operating Expenses topped out at $566.5 million in Q1 2025 and bottomed at -$1.7 billion in Q4 2025.
• The 5-year median for Operating Expenses is $498.9 million (2023), against an average of $393.7 million.
• Across the five-year window, Operating Expenses gained 13.0% in 2024 and tumbled 400.08% in 2025, its largest moves.
• Year by year, Operating Expenses 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 grew by 13.0% to $554.3 million in 2024, then tumbled by 400.08% to -$1.7 billion in 2025.
• Per Business Quant, the three latest EQR Operating Expenses figures stand at -$1.7 billion (Q4 2025), $555.9 million (Q3 2025), and $542.8 million (Q2 2025).