What is Equity Residential's non same store and other — operating expenses?

Equity Residential (EQR) reported non same store and other — operating expenses of $11.08M in Q3 2024.

How has Equity Residential's non same store and other — operating expenses changed year-over-year?

Equity Residential's non same store and other — operating expenses increased by 30.8% year-over-year, from $8.47M to $11.08M.

What is the long-term trend for Equity Residential's non same store and other — operating expenses?

Over 2 years (2021 to 2023), Equity Residential's non same store and other — operating expenses has grown at a 10.9% compound annual growth rate (CAGR), from $39.51M to $48.55M.

What does non same store and other — operating expenses mean?

The total operating costs incurred by properties not included in the stabilized same-store portfolio.

Discontinued — last reported Q3 '24

Business Segments · Operating Expenses

Non Same Store And Other — Operating Expenses

Equity Residential Non Same Store And Other — Operating Expenses increased by 46.8% to $11.08M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 30.8%, from $8.47M to $11.08M. Over 2 years (FY 2021 to FY 2023), Non Same Store And Other — Operating Expenses shows an upward trend with a 10.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2015

Last reportedQ3 2024

Rolls up toTotal Operating Expenses

How to read this metric

An increase may signal higher investment in property improvements or integration costs, while a decrease could indicate cost-cutting or a reduction in the size of the non-core portfolio.

Detailed definition

This metric captures the direct operating costs associated with managing properties that fall outside the stabilized sam...

Peer comparison

Comparable to 'non-same-store operating expenses' or 'transitional property costs' at peer residential REITs.

Metric ID: eqr_segment_non_same_store_and_other_operating_expenses

Historical Data

14 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24
Value	$3.94M	$6.79M	$20.31M	$15.57M	$16.84M	$19.38M	$2.80M	$17.46M	$8.82M	$8.47M	$13.80M	$11.65M	$7.54M	$11.08M
QoQ Change	—	+72.3%	+199.2%	-23.3%	+8.1%	+15.1%	-85.6%	+524.2%	-49.5%	-3.9%	+63.0%	-15.6%	-35.3%	+46.8%
YoY Change	—	—	—	—	+327.4%	+185.5%	-86.2%	+12.1%	-47.6%	-56.3%	+393.5%	-33.3%	-14.4%	+30.8%

Range$2.80M – $20.31M

CAGR+37.4%

Avg YoY Growth+71.1%

Median YoY Growth-1.2%

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Frequently Asked Questions

What is Equity Residential's non same store and other — operating expenses?: Equity Residential (EQR) reported non same store and other — operating expenses of $11.08M in Q3 2024.
How has Equity Residential's non same store and other — operating expenses changed year-over-year?: Equity Residential's non same store and other — operating expenses increased by 30.8% year-over-year, from $8.47M to $11.08M.
What is the long-term trend for Equity Residential's non same store and other — operating expenses?: Over 2 years (2021 to 2023), Equity Residential's non same store and other — operating expenses has grown at a 10.9% compound annual growth rate (CAGR), from $39.51M to $48.55M.
What does non same store and other — operating expenses mean?: The total operating costs incurred by properties not included in the stabilized same-store portfolio.