Equity Residential (EQR) Operating Leases (2019 - 2025)
Equity Residential's quarterly Operating Leases came in at $238.6 million in Q4 2025, little changed year-on-year from $237.8 million in Q4 2024, and down 21.74% quarter-over-quarter from $304.8 million in Q3 2025.
Equity Residential has reported Operating Leases for 7 years, with the latest figure at $238.6 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Leases changed 0.33% year-over-year to $238.6 million; the trailing twelve-month figure through Dec 2025 stood at $238.6 million (changed 0.33% YoY), and the FY2025 full-year result was $238.6 million, changed 0.33% from the prior year.
- Operating Leases for Q4 2025 stood at $238.6 million, down from $304.8 million in the prior quarter.
- The five-year high for Operating Leases was $316.8 million in Q1 2021, with the low at $237.8 million in Q4 2024.
- Average Operating Leases over 5 years is $303.2 million, with a median of $310.5 million recorded in 2022.
- Year-over-year, Operating Leases gained 1.14% in 2023 and declined 23.7% in 2024.
- Tracing EQR's Operating Leases over 5 years: stood at $312.3 million in 2021, then dropped by 1.15% to $308.7 million in 2022, then gained by 0.94% to $311.6 million in 2023, then retreated by 23.7% to $237.8 million in 2024, then rose by 0.33% to $238.6 million in 2025.
- The last three Operating Leases figures came in at $238.6 million (Q4 2025), $304.8 million (Q3 2025), and $302.8 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - |
| 10 | Millrose Properties | 4.59 Bn | 4.59 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 238.56 Mn |
| Sep 30, 2025 | 304.81 Mn |
| Jun 30, 2025 | 302.85 Mn |
| Mar 31, 2025 | 304.15 Mn |
| Dec 31, 2024 | 237.77 Mn |
| Sep 30, 2024 | 306.12 Mn |
| Jun 30, 2024 | 309.18 Mn |
| Mar 31, 2024 | 310.42 Mn |
| Dec 31, 2023 | 311.64 Mn |
| Sep 30, 2023 | 312.78 Mn |
| Jun 30, 2023 | 313.87 Mn |
| Mar 31, 2023 | 314.85 Mn |
| Dec 31, 2022 | 308.75 Mn |
| Sep 30, 2022 | 309.55 Mn |
| Jun 30, 2022 | 310.51 Mn |
| Mar 31, 2022 | 311.29 Mn |
| Dec 31, 2021 | 312.34 Mn |
| Sep 30, 2021 | 313.36 Mn |
| Jun 30, 2021 | 314.38 Mn |
| Mar 31, 2021 | 316.84 Mn |
| Dec 31, 2020 | 329.13 Mn |
| Sep 30, 2020 | 329.68 Mn |
| Jun 30, 2020 | 330.14 Mn |
| Mar 31, 2020 | 330.71 Mn |
| Dec 31, 2019 | 331.33 Mn |
| Sep 30, 2019 | 333.31 Mn |
| Jun 30, 2019 | 281.62 Mn |
| Mar 31, 2019 | 282.24 Mn |