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 USD | 2024 | 2023 | 2022 |
---|---|---|---|
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 |
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