MARKETS / NYSE / EQR
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Equity Residential EQR

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$2.94
Dividend / sh · FY25
$2.77
Payout · FY25
93%
ROE · FY25
10.1%
Net margin · FY25
Dividend coverage
1.1×
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Result
Revenue, FY2025 · full 19-year series below
Revenue Net income
0.81.62.43.21.12007201020132016201920222025
0.81.62.43.21.12016201920222025

Per share
USD 2.94
Diluted EPS, FY2025
EPS Dividend
510152.772.942007201020132016201920222025
510152.772.942016201920222025

Earnings covered the dividend 1.1 times — the rest stayed in the company.

Profitability
10.1%
Return on equity, FY2025
ROE
20406010.1%2007201020132016201920222025
20406010.1%2016201920222025
Operating margin
Net margin
Return on assets5.4%

Each USD of equity produced 10 cents of profit this year.

Returned to shareholders
USD 1.3B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 1.0B
Net buybacksUSD 275.2M
Share of profit118.0%
Consecutive raises3 years

USD 1.0B in dividends and USD 275.2M in buybacks — 118% of the year's profit, so the payout drew on cash built up earlier.

Growth
−82.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−52.4%
−82.9%
−56.7%
Net income
+13.0%
+4.2%
+2.6%
+9.6%
EPS, diluted
+12.8%
+3.7%
+2.2%
+7.8%
Dividend / share
+3.5%
+2.3%
+4.3%
Returned to shareholders
+12.4%
+8.4%
+5.3%
+8.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.38B
Shares outstanding, FY2025
0.270.382007201020132016201920222025
0.370.382016201920222025
Change, 5 years+1.5%
Change, 10 years+3.6%

The share count grew 1% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 20.7B
total assets, end of FY2025
Total assetsUSD 20.7B
EquityUSD 11.0B
CashUSD 55.9M
Gross debtUSD 8.2B
Net debtUSD 8.2B

Net debt stands at 74% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
·
·
·
·
·
·
0.0
0.0
0.0
0.0
2.7
2.6
2.4
1.7
1.5
1.7
1.6
1.9
1.8
Operating income $B
·
·
1.2
1.1
1.7
1.3
1.4
1.1
1.0
0.9
1.0
0.9
0.5
0.5
0.4
0.3
0.4
0.4
0.5
EBITDA $B
·
·
2.0
2.0
2.5
2.1
2.2
1.9
1.7
1.6
1.8
1.7
1.5
1.1
0.9
0.9
1.0
1.0
1.0
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
Net income $B
1.1
1.0
0.8
0.8
1.3
0.9
1.0
0.7
0.6
4.3
0.9
0.6
1.8
0.8
0.9
0.3
0.4
0.4
1.0
EPS, diluted $
2.94
2.72
2.20
2.05
3.54
2.45
2.60
1.77
1.63
11.68
2.36
1.73
5.16
2.71
2.98
0.95
1.27
1.46
3.40
Dividend / sh $
2.77
2.70
2.65
2.50
·
·
·
2.16
2.02
13.02
2.21
2.00
1.85
1.78
1.58
1.47
1.64
1.93
1.87
Payout %
93
98
119
120
68
97
86
119
123
111
90
123
37
56
48
134
135
128
54
ROE %
10.1
9.4
7.5
7.0
12.4
8.8
9.5
6.4
5.9
41.5
8.4
6.0
20.6
13.0
16.6
5.6
7.3
8.3
·
Shares out B
0.38
0.38
0.38
0.38
0.38
0.37
0.37
0.37
0.37
0.37
0.36
0.36
0.36
0.33
0.30
0.29
0.28
0.27
0.27

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
37 of 37
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed