Same Store — Operating Expenses
Equity Residential Same Store — Operating Expenses increased by 16.6% to $248.56M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.7%, from $235.24M to $248.56M. Over 4 years (FY 2021 to FY 2025), Same Store — Operating Expenses shows an upward trend with a 3.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may signal rising inflationary pressures on labor, utilities, or property taxes, potentially compressing margins.
Detailed definition
The aggregate costs associated with managing, maintaining, and operating the stabilized property portfolio, including pr...
Peer comparison
Comparable to operating expense ratios at other multi-family REITs, adjusted for regional tax and utility cost variations.
eqr_segment_same_store_operating_expensesHistorical Data
| 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 | $201.21M | $206.58M | $191.29M | $209.99M | $201.37M | $205.03M | $201.30M | $226.79M | $219.03M | $223.47M | $208.84M | $231.91M | $224.53M | $230.10M | $210.14M | $235.24M | $229.43M | $234.57M | $213.18M | $248.56M |
| QoQ Change | — | +2.7% | -7.4% | +9.8% | -4.1% | +1.8% | -1.8% | +12.7% | -3.4% | +2.0% | -6.5% | +11.0% | -3.2% | +2.5% | -8.7% | +11.9% | -2.5% | +2.2% | -9.1% | +16.6% |
| YoY Change | — | — | — | — | +0.1% | -0.8% | +5.2% | +8.0% | +8.8% | +9.0% | +3.7% | +2.3% | +2.5% | +3.0% | +0.6% | +1.4% | +2.2% | +1.9% | +1.4% | +5.7% |
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Frequently Asked Questions
- What is Equity Residential's same store — operating expenses?
- Equity Residential (EQR) reported same store — operating expenses of $248.56M in Q1 2026.
- How has Equity Residential's same store — operating expenses changed year-over-year?
- Equity Residential's same store — operating expenses increased by 5.7% year-over-year, from $235.24M to $248.56M.
- What is the long-term trend for Equity Residential's same store — operating expenses?
- Over 4 years (2021 to 2025), Equity Residential's same store — operating expenses has grown at a 3.0% compound annual growth rate (CAGR), from $811.13M to $912.42M.
- What does same store — operating expenses mean?
- Total costs incurred to operate the company's stabilized apartment communities.