Equity Residential EQR
Equity Residential is committed to cultivating vibrant living environments where residents can flourish. This S&P 500 firm specializes in the acquisition, development, and ongoing management of rental properties, strategically located within or near thriving metropolitan areas that attract desirable, long-term tenants. The company's substantial portfolio includes ownership or investment in 305 properties, comprising a total of 78,568 apartment units, situated in key markets such as Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California, and Denver.
This overview is background from company filings and may not reflect the latest quarter — the figures above are the current data, and the SEC filings are the primary source.
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-21) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model EQR yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $3.10B | $1.12B | $1.01B | $2.34B | $1.65B |
| 2024 | $2.98B | $1.04B | $966.74M | $1.84B | $1.57B |
| 2023 | $2.87B | $835.44M | $901.50M | $1.78B | $1.53B |
| 2022 | $2.74B | $776.91M | $894.33M | $1.71B | $1.45B |
| 2021 | $2.46B | $1.33B | $838.27M | $1.46B | $1.26B |
| 2020 | $2.57B | $913.64M | $820.83M | $1.61B | $1.27B |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-29 | 2026-06-29 | 2026-07-10 | 2026-06-18 | $0.70 | Quarterly |
| 2026-03-30 | 2026-03-30 | 2026-04-10 | 2026-03-19 | $0.70 | Irregular |
| 2026-01-02 | 2026-01-02 | 2026-01-16 | 2025-12-11 | $0.69 | Quarterly |
| 2025-09-25 | 2025-09-25 | 2025-10-10 | 2025-09-12 | $0.69 | Quarterly |
| 2025-06-24 | 2025-06-24 | 2025-07-11 | 2025-06-13 | $0.69 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-17 | 2025-03-20 | $0.69 | Irregular |
| 2025-01-02 | 2025-01-02 | 2025-01-17 | 2024-12-12 | $0.68 | Quarterly |
| 2024-09-24 | 2024-09-24 | 2024-10-11 | 2024-09-13 | $0.68 | Quarterly |
| 2024-07-01 | 2024-07-01 | 2024-07-12 | 2024-06-20 | $0.68 | Quarterly |
| 2024-03-22 | 2024-03-25 | 2024-04-12 | 2024-03-14 | $0.68 | Quarterly |
| 2023-12-29 | 2024-01-02 | 2024-01-12 | 2023-12-14 | $0.66 | Quarterly |
| 2023-09-25 | 2023-09-26 | 2023-10-13 | 2023-09-15 | $0.66 | Quarterly |
| 2023-06-23 | 2023-06-26 | 2023-07-14 | 2023-06-15 | $0.66 | Quarterly |
| 2023-03-24 | 2023-03-27 | 2023-04-14 | 2023-03-16 | $0.66 | Quarterly |
| 2022-12-30 | 2023-01-03 | 2023-01-13 | 2022-12-15 | $0.62 | Quarterly |
| 2022-09-23 | 2022-09-26 | 2022-10-14 | 2022-09-15 | $0.62 | Quarterly |
| 2022-06-24 | 2022-06-27 | 2022-07-08 | 2022-06-16 | $0.62 | Quarterly |
| 2022-03-25 | 2022-03-28 | 2022-04-08 | 2022-03-17 | $0.62 | Quarterly |
| 2021-12-31 | 2022-01-03 | 2022-01-14 | 2021-12-16 | $0.60 | Quarterly |
| 2021-09-24 | 2021-09-27 | 2021-10-08 | 2021-09-15 | $0.60 | Quarterly |
| 2021-06-25 | 2021-06-28 | 2021-07-09 | 2021-06-17 | $0.60 | Quarterly |
| 2021-03-26 | 2021-03-29 | 2021-04-09 | 2021-03-18 | $0.60 | Quarterly |
| 2020-12-31 | 2021-01-04 | 2021-01-15 | 2020-12-17 | $0.60 | Quarterly |
| 2020-09-24 | 2020-09-25 | 2020-10-09 | 2020-09-15 | $0.60 | Quarterly |
Coverage (payout of operating cash flow): 66.25%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — EQR
Equity Residential $EQR is Adelante Capital Management LLC’s 9th Largest Position
Is Equity Residential (EQR) a Bargain After 3.5% Drop? GF Value Says Undervalued
Vivmark Residential Launches as One of the Country's Leading Real Estate Companies
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Equity Residential and AvalonBay Communities Announce Shareholder Approvals for Merger to Create Vivmark Residential
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.