Operating Income for Equity Residential (EQR)
According to Equity Residential's latest reported financial statements, the company's current operating income (TTM) is $1.32B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.32B
YoY change
-38.2%
5Y CAGR
-3.1%
Peak year (2024)
$1.82B
Cumulative operating income
$23.69B
Operating Income history chart for Equity Residential (EQR) from 1993 to 2025
Operating Income history table for Equity Residential (EQR) from 1993 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.13B | -38.2% | ||
| 2024 | $1.82B | +3.2% | ||
| 2023 | $1.77B | +4.3% | ||
| 2022 | $1.69B | +1.1% | ||
| 2021 | $1.68B | +27.2% | ||
| 2020 | $1.32B | -2.8% | ||
| 2019 | $1.36B | +21.7% | ||
| 2018 | $1.11B | +11.0% | ||
| 2017 | $1.00B | +17.3% | ||
| 2016 | $856.09M | -15.2% | ||
| 2015 | $1.01B | +9.5% | ||
| 2014 | $921.64M | +79.9% | ||
| 2013 | $512.32M | -0.3% | ||
| 2012 | $514.09M | — | ||
| 2011 | $0 | -100.0% | ||
| 2010 | $15.36M | -74.0% | ||
| 2009 | $59.02M | -57.7% | ||
| 2008 | $139.63M | +64.2% | ||
| 2007 | $85.04M | -23.3% | ||
| 2006 | $110.89M | -8.6% | ||
| 2005 | $121.35M | -29.2% | ||
| 2004 | $171.32M | -69.8% | ||
| 2003 | $567.51M | -15.6% | ||
| 2002 | $672.14M | -52.4% | ||
| 2001 | $1.41B | +83.6% | ||
| 2000 | $769.03M | +14.5% | ||
| 1999 | $671.61M | +33.2% | ||
| 1998 | $504.37M | +68.2% | ||
| 1997 | $299.86M | +64.2% | ||
| 1996 | $182.63M | -72.1% | ||
| 1995 | $655.10M | +75.7% | ||
| 1994 | $372.90M | +100.4% | ||
| 1993 | $186.10M | — |
Operating Income values are taken from Equity Residential's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Equity Residential (EQR) came in at $1.13B – plunged 38.2% year-over-year.
Equity Residential operating income has contracted on net over the period, with a -3.1% compound annual growth rate over 2020–2025 (5 years).
Equity Residential operating income plunged from $1.82B in 2024 to $1.13B in 2025, a 38.2% drawdown.
The dataset's maximum operating income sits at $1.82B (2024); the minimum reading of $0 dates to 2011.
Equity Residential (EQR) sits 7th of 8 Real Estate peers we track on this metric, against a peer median of $2.05B.
Equity Residential Operating Income by Year
Equity Residential Operating Income 2025: $1.13B
Equity Residential operating income in 2025 was $1.13B, plunged 38.2% below 2024.
Equity Residential Operating Income 2024: $1.82B
Equity Residential operating income in 2024 was $1.82B, edged up 3.2% from 2023. This figure represents the highest annual value in the available history.
Equity Residential Operating Income 2023: $1.77B
Equity Residential operating income in 2023 was $1.77B, edged up 4.3% from 2022.
Equity Residential Operating Income 2022: $1.69B
Equity Residential operating income in 2022 was $1.69B, edged up 1.1% from 2021.
Equity Residential Operating Income 2021: $1.68B
Equity Residential operating income in 2021 was $1.68B.
See more financial history for Equity Residential (EQR).
Sector peers — Operating Income
Companies in the same sector as Equity Residential, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is Equity Residential's operating income?
- Latest reported operating income for Equity Residential (EQR) is $1.32B (period ending March 31, 2026).
How has Equity Residential operating income changed year-over-year?
- Equity Residential (EQR) operating income changed -38.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Equity Residential operating income?
- Equity Residential (EQR) operating income compound annual growth rate is -3.1% over the most recent 5 years available.
When did Equity Residential operating income hit its highest annual value?
- Equity Residential operating income reached its highest annual value of $1.82B in 2024.
What was Equity Residential operating income in 2024?
- Equity Residential (EQR) operating income in 2024 was $1.82B.
What was Equity Residential operating income in 2025?
- Equity Residential (EQR) operating income in 2025 was $1.13B.
Metrics overview
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