Equity Residential Non Same Store — Operating Expenses decreased by 41.1% to $13.17M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 17.7%, from $16.00M to $13.17M. Over 4 years (FY 2021 to FY 2025), Non Same Store — Operating Expenses shows an upward trend with a 37.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase relative to revenue may signal operational inefficiencies or higher-than-expected costs to bring new properties up to standard, while a decrease suggests effective cost management.
This metric represents the total costs incurred to operate properties within the non-same-store segment, including maint...
Standard operating expense reporting for non-stabilized portfolios across the REIT sector.
eqr_segment_non_same_store_operating_expenses| 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 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.76M | $6.78M | $10.38M | $14.18M | $15.65M | $17.07M | $16.42M | $7.41M | $7.22M | $7.28M | $9.89M | $6.09M | $6.30M | $9.37M | $14.12M | $16.00M | $15.38M | $18.96M | $22.37M | $13.17M |
| QoQ Change | — | +286.2% | +53.2% | +36.6% | +10.3% | +9.1% | -3.8% | -54.9% | -2.6% | +0.8% | +35.9% | -38.4% | +3.4% | +48.8% | +50.7% | +13.3% | -3.9% | +23.3% | +18.0% | -41.1% |
| YoY Change | — | — | — | — | +791.5% | +151.9% | +58.2% | -47.8% | -53.9% | -57.4% | -39.8% | -17.8% | -12.8% | +28.7% | +42.8% | +162.6% | +144.2% | +102.3% | +58.4% | -17.7% |