Overview
Equity Residential
Equity Residential (EQR) is one of the largest apartment owners and operators in the US, actively investing in rental properties in the urban core of cities and in high-density suburban areas near transit, entertainment, employment centers/universities, and cultural and outdoor amenities. The company acquires, develops, and manages multifamily residential units in the form of garden-style, high-rise, and mid-rise properties. A real estate investment
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Read More trust (REIT), Equity Residential owns or has investments in more than 310 properties located in ten states and the District of Columbia consisting of about 84,250 apartment units. EQR is a Maryland real estate investment trust ("REIT") formed in March 1993.
Read Less
Read More trust (REIT), Equity Residential owns or has investments in more than 310 properties located in ten states and the District of Columbia consisting of about 84,250 apartment units. EQR is a Maryland real estate investment trust ("REIT") formed in March 1993.
Read Less
#
915
Fortune 1000 Revenue Rank
Mark J Parrell
See more contacts
Lessors of Real Estate
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Real Estate
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Real Estate and Rental and Leasing
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Real estate investment trusts
Activities Related to Real Estate
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Automotive Equipment Rental and Leasing
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Commercial and Industrial Machinery and Equipment Rental and Leasing
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Consumer Goods Rental
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General Rental Centers
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Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
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Offices of Real Estate Agents and Brokers
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Actual
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Actual
$2.98 billion
Actual
3.69%
23.99%
$20,834
DEC
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NYSE:EQR
Contacts
Get in Touch with 6 Principals* and 739 Contacts
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Mark J ParrellPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$2.98 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,574 | $1,533 | $1,455 |
| Net Investing Cash | -$1,176 | -$410 | $108 |
| Net Financing Cash | -$377 | -$1,120 | -$1,786 |
| Net Change in Cash | $20 | $3 | -$223 |
| Cash at Beginning of Period | $140 | $137 | $360 |
| Cash at End of Period | $160 | $140 | $137 |
| Capital Expenditure | -$319 | -$334 | -$232 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $62 | $51 | $54 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $98 | $89 | $83 |
| Asset Summary | |||
| Total Current Assets | $160 | $140 | $137 |
| Tangible Fixed Assets | $455 | $457 | $463 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $20,834 | $20,035 | $20,218 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $99 | $87 | $96 |
| Short-Term Debt | $544 | $409 | $130 |
| Other Current Liabilities | $338 | $325 | $311 |
| Liability Summary | |||
| Total Current Liabilities | $981 | $821 | $537 |
| Long-Term Debt | $7,578 | $6,981 | $7,296 |
| Other Long-Term Liabilities | $386 | $342 | $376 |
| Total Liabilities | $9,250 | $8,456 | $8,517 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $4 | $4 | $4 |
| Retained Earnings | $1,408 | $1,437 | $1,659 |
| Equity Summary | |||
| Total Equity | $11,045 | $11,086 | $11,173 |
| Shares Outstanding | 379,475,383 | 379,291,417 | 378,429,708 |