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| 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 |