Equity Residential (EQR) Operating Income (2009 - 2023)

Equity Residential's (EQR) quarterly Operating Income came in at $392.5 million in Q4 2023, up 61.95% year-on-year from $242.4 million in Q4 2022, and up 55.73% quarter-over-quarter from $252.0 million in Q3 2023.

Equity Residential (EQR) Operating Income (2009 - 2023) Analysis & Trends

Equity Residential's Operating Income history runs 15 years deep, the most recent figure standing at $392.5 million for Q4 2023.

  • On a quarterly basis, Operating Income rose 61.95% year-over-year to $392.5 million in Q4 2023; TTM through Dec 2023 was $1.2 billion, a 3.99% increase from a year earlier, with the FY2023 full-year figure at $1.2 billion, up 3.99% from the prior year.
  • Operating Income advanced to $392.5 million in Q4 2023 per EQR's latest filing, from $252.0 million in the prior quarter.
  • Across five years, Operating Income topped out at $641.9 million in Q4 2021 and bottomed at $135.6 million in Q1 2021.
  • The 5-year median for Operating Income is $356.7 million (2020), against an average of $331.3 million.
  • Biggest YoY gain for Operating Income was 185.92% in 2021; the steepest drop was 67.88% in 2021.
  • Year by year, Operating Income stood at $409.0 million in 2019, then decreased by 12.8% to $356.6 million in 2020, then soared by 80.0% to $641.9 million in 2021, then sank by 62.24% to $242.4 million in 2022, then jumped by 61.95% to $392.5 million in 2023.
  • Per Business Quant, the three latest EQR Operating Income figures stand at $392.5 million (Q4 2023), $252.0 million (Q3 2023), and $218.5 million (Q2 2023).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Avalonbay Communities 26.48 Bn 26.48 Bn - -
2 Equity Residential 25.80 Bn 25.80 Bn - -
3 Invitation Homes 18.05 Bn 18.05 Bn 694.98 Mn 40.27 Mn
4 Mid America Apartment Communities 15.67 Bn 15.54 Bn 537.05 Mn 331.31 Mn
5 Sun Communities 14.96 Bn 14.96 Bn 491.20 Mn 6.80 Mn
6 Udr 13.01 Bn 12.98 Bn 416.43 Mn 229.81 Mn
7 Equity Lifestyle Properties 12.85 Bn 12.85 Bn 378.95 Mn 112.37 Mn
8 American Homes 4 Rent 12.22 Bn 12.22 Bn - -
9 Camden Property Trust 11.94 Bn 11.94 Bn - -
10 Millrose Properties 4.76 Bn 4.76 Bn - 166.08 Mn

Historic Data

Download Data
DateValue
Dec 31, 2023 392.50 Mn
Sep 30, 2023 252.04 Mn
Jun 30, 2023 218.46 Mn
Mar 31, 2023 297.59 Mn
Dec 31, 2022 242.36 Mn
Sep 30, 2022 414.01 Mn
Jun 30, 2022 309.93 Mn
Mar 31, 2022 149.74 Mn
Dec 31, 2021 641.88 Mn
Sep 30, 2021 521.55 Mn
Jun 30, 2021 376.84 Mn
Mar 31, 2021 135.56 Mn
Dec 31, 2020 356.61 Mn
Sep 30, 2020 182.41 Mn
Jun 30, 2020 356.89 Mn
Mar 31, 2020 422.09 Mn
Dec 31, 2019 408.95 Mn
Sep 30, 2019 368.34 Mn
Jun 30, 2019 369.12 Mn
Mar 31, 2019 209.97 Mn