Equity Residential

Country
United States
Sector
Real Estate
Industry
REIT - Residential
Employees
2,500
Ticker
EQR
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Equity Residential is a real estate investment trust (REIT) that specializes in the acquisition, development, and management of residential apartment properties. As a notable player in the real estate...

Financial Statements of Equity Residential

Below are the financial statements of Equity Residential, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

All figures in millions of USD202420232022
Rental income
2,980.11a
2,873.96a
2,735.18a
Expenses
Property and maintenance
-529.74a
-514.58a
-483.87a
Real estate taxes and insurance
-432.09a
-412.11a
-388.41a
Property management
-132.74a
-119.8a
-110.3a
General and administrative
-61.65a
-60.72a
-58.71a
Depreciation
-952.19a
-888.71a
-882.17a
Total expenses
-2,108.41a
-1,995.92a
-1,923.46a
Net gain (loss) on sales of real estate properties
546.8a
282.54a
304.33a
Interest and other income
30.33a
22.35a
2.19a
Other expenses
-74.05a
-29.42a
-13.66a
Interest
Expense incurred, net
-285.74a
-269.56a
-282.92a
Amortization of deferred financing costs
-7.83a
-8.94a
-8.73a
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels
1,081.21a
875.01a
812.93a
Income and other tax (expense) benefit
-1.26a
-1.15a
-0.9a
Income (loss) from investments in unconsolidated entities
-8.97a
-5.38a
-5.03a
Net income
1,070.98a
868.49a
807a
Net (income) loss attributable to noncontrolling interests - partially owned properties
-6.21a
-6.34a
-3.77a
Net income attributable to controlling interests
1,064.76a
862.15a
803.22a
Allocation of net income
Preference units
1.61a
3.09a
3.09a
Premium on redemption of preference units
1.44a
0a
0a
General partner
1,032.77a
832.35a
773.82a
Limited partners
28.93a
26.71a
26.31a
Net income available to units
1,061.71a
859.06a
800.13a

Verified Sources Behind Equity Residential’s Financial Fundamentals Data

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a. Equity Residential's Annual Report 2024
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