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| Date | Value |
|---|---|
| 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 |