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

Equity Residential (EQR) recorded quarterly Operating Income of $392.5 million in Q4 2023, up 55.73% quarter-over-quarter from $252.0 million in Q3 2023, and up 61.95% on a YoY basis from $242.4 million in Q4 2022.

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.

  • In Q4 2023, Operating Income rose 61.95% year-over-year to $392.5 million; the TTM figure through Dec 2023 stood at $1.2 billion (up 3.99% YoY), while the FY2023 annual figure was $1.2 billion, up 3.99% from the prior year.
  • Operating Income was $392.5 million for Q4 2023 at Equity Residential, up from $252.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $641.9 million in Q4 2021 to a low of $135.6 million in Q1 2021.
  • Historically, Operating Income has averaged $331.3 million across 5 years, with a median of $356.7 million in 2020.
  • Biggest YoY gain for Operating Income was 185.92% in 2021; the steepest drop was 67.88% in 2021.
  • A 5-year view of Operating Income shows it 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 tumbled by 62.24% to $242.4 million in 2022, then jumped by 61.95% to $392.5 million in 2023.
  • The last three Operating Income figures came in at $392.5 million (Q4 2023), $252.0 million (Q3 2023), and $218.5 million (Q2 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Avalonbay Communities 24.79 Bn 25.01 Bn - -
2 Equity Residential 24.35 Bn 24.48 Bn - -
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 40.27 Mn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 331.31 Mn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 6.80 Mn
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - -
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 229.81 Mn
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 112.37 Mn
9 Camden Property Trust 11.45 Bn 11.53 Bn - -
10 Millrose Properties 4.75 Bn 4.75 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