Equity Residential (EQR) Stock Buyback History
TTM buyback yield 2.25% · Shareholder yield (TTM) 2.25%.
TTM buyback yield
2.25%
Shareholder yield (TTM)
2.25%
5Y share count change
0.7%
TTM buyback spend
$500.11M
SBC coverage (TTM)
19.09x
YoY change in spend
+629.6%
5Y CAGR of spend
N/A
Peak year (2007)
$1.22B
Cumulative spend
$2.85B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Equity Residential (EQR) repurchased about $500.11M of stock over the trailing twelve months.
- Diluted share count is roughly flat (0.7%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM buyback ÷ stock-based-comp ratio of 19.09× — repurchases more than cover SBC dilution.
- TTM repurchases used about 234% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $280.72M | $0.00 | $280.72M | 0.39B | -0.5% | 1.17% |
| 2024 | $38.47M | $31.29M | $7.19M | 0.39B | -0.0% | 0.14% |
| 2023 | $49.10M | $31.82M | $17.29M | 0.39B | 0.4% | 0.21% |
| 2022 | $0.00 | $29.51M | −$29.51M | 0.39B | 0.4% | — |
| 2021 | $0.00 | $27.81M | −$27.81M | 0.39B | 0.6% | — |
| 2020 | $0.00 | $23.17M | −$23.17M | 0.39B | -0.1% | — |
| 2019 | $0.00 | $24.45M | −$24.45M | 0.39B | 0.7% | — |
| 2018 | $0.00 | $27.13M | −$27.13M | 0.38B | 0.3% | — |
| 2017 | $0.00 | $25.00M | −$25.00M | 0.38B | 0.2% | — |
| 2016 | $0.00 | $30.53M | −$30.53M | 0.38B | 0.4% | — |
| 2015 | $16.21M | $34.61M | −$18.40M | 0.38B | 0.8% | 0.05% |
| 2014 | $1.78M | $27.54M | −$25.77M | 0.38B | 6.6% | 0.01% |
| 2013 | $0.00 | $35.47M | −$35.47M | 0.35B | 10.8% | — |
| 2012 | $150.02M | $24.83M | $125.19M | 0.32B | 8.4% | 0.85% |
| 2011 | $0.00 | $21.18M | −$21.18M | 0.29B | 4.2% | — |
| 2010 | $2.76M | $18.88M | −$16.11M | 0.28B | 3.4% | 0.02% |
| 2009 | $1.12M | $17.84M | −$16.72M | 0.27B | 1.3% | 0.01% |
| 2008 | $12.55M | $22.31M | −$9.76M | 0.27B | -10.7% | 0.16% |
| 2007 | $1.22B | $21.63M | $1.20B | 0.30B | -4.2% | 12.45% |
| 2006 | $83.36M | $22.08M | $61.27M | 0.32B | 1.5% | 0.57% |
| 2005 | $125.07M | $0.00 | $125.07M | 0.31B | 11.1% | 1.12% |
| 2004 | $24.00K | $0.00 | $24.00K | 0.28B | 2.7% | 0.00% |
| 2003 | $400.64M | $0.00 | $400.64M | 0.27B | -8.6% | 4.98% |
| 2002 | $115.00M | $0.00 | $115.00M | 0.30B | 0.9% | 1.73% |
| 2001 | $212.72M | $0.00 | $212.72M | 0.30B | 3.0% | 2.76% |
| 2000 | $294.00K | $0.00 | $294.00K | 0.29B | 5.6% | — |
| 1999 | $6.30M | $0.00 | $6.30M | 0.27B | 20.5% | — |
| 1998 | $94.70M | $0.00 | $94.70M | 0.23B | 68.5% | — |
| 1997 | $22.47M | $0.00 | $22.47M | 0.13B | 56.9% | — |
| 1996 | $11.50M | $0.00 | $11.50M | 0.09B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Equity Residential (EQR) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Equity Residential (EQR)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Equity Residential (EQR)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $280.72M | +629.6% | +$242.25M | ||
| 2024 | $38.47M | -21.6% | -$10.63M | ||
| 2023 | $49.10M | — | +$49.10M | ||
| 2022 | $0 | — | $0 | ||
| 2021 | $0 | — | $0 | ||
| 2020 | $0 | — | $0 | ||
| 2019 | $0 | — | $0 | ||
| 2018 | $0 | — | $0 | ||
| 2017 | $0 | — | $0 | ||
| 2016 | $0 | -100.0% | -$16.21M | ||
| 2015 | $16.21M | +812.0% | +$14.43M | ||
| 2014 | $1.78M | — | +$1.78M | ||
| 2013 | $0 | -100.0% | -$150.02M | ||
| 2012 | $150.02M | — | +$150.02M | ||
| 2011 | $0 | -100.0% | -$2.76M | ||
| 2010 | $2.76M | +145.9% | +$1.64M | ||
| 2009 | $1.12M | -91.0% | -$11.42M | ||
| 2008 | $12.55M | -99.0% | -$1.21B | ||
| 2007 | $1.22B | +1365.8% | +$1.14B | ||
| 2006 | $83.36M | -33.4% | -$41.71M | ||
| 2005 | $125.07M | +521020.8% | +$125.05M | ||
| 2004 | $24,000 | -100.0% | -$400.61M | ||
| 2003 | $400.64M | +248.4% | +$285.63M | ||
| 2002 | $115.00M | -45.9% | -$97.72M | ||
| 2001 | $212.72M | +72254.8% | +$212.43M | ||
| 2000 | $294,000 | -95.3% | -$6.01M | ||
| 1999 | $6.30M | -93.3% | -$88.40M | ||
| 1998 | $94.70M | +321.5% | +$72.23M | ||
| 1997 | $22.47M | +95.4% | +$10.97M | ||
| 1996 | $11.50M | — | +$11.50M | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | — |
In 2025, Equity Residential (EQR) buyback spend totalled $280.72M – surged 629.6% year-over-year.
Over 2015–2025 (10 years), Equity Residential buyback spend expanded at a +33.0% compound annual rate, with the latest reading among the more recent periods of the dataset.
Between 2007 and 2025, Equity Residential buyback spend plunged 77.0%, falling from $1.22B to $280.72M.
Across the available history, buyback spend reached its high of $1.22B in 2007 and its low of $0 in 1993.
Equity Residential (EQR) sits 2nd of 8 Real Estate peers we track on this metric, against a peer median of $0.
Equity Residential Buyback Spend 2025: $280.72M
Equity Residential buyback spend in 2025 was $280.72M, surged 629.6% from 2024.
Equity Residential Buyback Spend 2024: $38.47M
Equity Residential buyback spend in 2024 was $38.47M, declined 21.6% below 2023.
Equity Residential Buyback Spend 2023: $49.10M
Equity Residential buyback spend in 2023 was $49.10M.
Equity Residential Buyback Spend 2022: $0
Equity Residential buyback spend in 2022 was $0.
Equity Residential Buyback Spend 2021: $0
Equity Residential buyback spend in 2021 was $0.
See more financial history for Equity Residential (EQR).
Sector peers by buyback spend
Companies in the same sector as Equity Residential, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| American Tower (AMT) | $364.60M | Real Estate |
| Simon Property Group (SPG) | $227.15M | Real Estate |
| Welltower (WELL) | $0 | Real Estate |
| Prologis (PLD) | $0 | Real Estate |
| Equinix (EQIX) | $0 | Real Estate |
| Digital Realty Trust (DLR) | $0 | Real Estate |
| Realty Income (O) | $0 | Real Estate |
| Public Storage (PSA) | $0 | Real Estate |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 19.09×.
Capital allocation mix
How Equity Residential splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $213.84M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Equity Residential's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Equity Residential buy back its own stock?
Yes, Equity Residential (EQR) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Equity Residential spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $500.11M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Equity Residential's buyback yield?
TTM buyback yield is about 2.25% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Equity Residential's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.25% combined (TTM-based where available).
Is Equity Residential diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Equity Residential's share count changed?
Diluted weighted average shares changed by about 0.7% over roughly five fiscal years (annual income statement data).
What is Equity Residential's buyback spend?
Latest reported buyback spend for Equity Residential (EQR) is $500.11M (period ending March 31, 2026).
How has Equity Residential buyback spend changed year-over-year?
Equity Residential (EQR) buyback spend changed +629.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Equity Residential buyback spend?
Equity Residential (EQR) buyback spend compound annual growth rate is +33.0% over the most recent 10 years available.
When did Equity Residential buyback spend hit its highest annual value?
Equity Residential buyback spend reached its highest annual value of $1.22B in 2007.
What was Equity Residential buyback spend in 2024?
Equity Residential (EQR) buyback spend in 2024 was $38.47M.
What was Equity Residential buyback spend in 2025?
Equity Residential (EQR) buyback spend in 2025 was $280.72M.
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