Operating Income
Equity Residential Operating Income increased by 55.7% to $392.50M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 61.9%, from $242.36M to $392.50M. Over 2 years (FY 2021 to FY 2023), Operating Income shows a downward trend with a -16.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $376.84M | $521.55M | $641.88M | $149.74M | $309.93M | $414.01M | $242.36M | $297.59M | $218.46M | $252.04M | $392.50M |
| QoQ Change | — | +38.4% | +23.1% | -76.7% | +107.0% | +33.6% | -41.5% | +22.8% | -26.6% | +15.4% | +55.7% |
| YoY Change | — | — | — | — | -17.8% | -20.6% | -62.2% | +98.7% | -29.5% | -39.1% | +61.9% |
Business Segments
| Segment | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|
| Same Store | $395.27M | $392.79M | $408.37M | $444.43M | $445.68M | $450.09M | $454.89M | $478.41M |
| Non Same Store And Other | $14.57M | $40.74M | $19.42M | $24.39M | $25.01M | $45.51M | $5.96M | $11.05M |
| Total | $521.55M | $641.88M | $149.74M | $309.93M | $414.01M | $242.36M | $297.59M | $218.46M |
Non Same Store And Other, Same Store were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
| Segment | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|
| Los Angeles | $80.61M | $78.30M | $78.58M | $90.08M | $84.49M | $83.33M | $77.88M | $82.77M |
| San Francisco | $70.62M | $61.83M | $70.32M | $75.35M | $74.40M | $75.16M | $73.47M | $76.58M |
| Seattle | $41.77M | $44.66M | $47.80M | $50.62M | $52.37M | $53.01M | $54.08M | $53.48M |
| Boston | $39.36M | $41.71M | $42.16M | $45.62M | $46.86M | $47.99M | $48.02M | $51.72M |
| Orange County | $21.78M | $22.61M | $22.34M | $24.87M | $24.38M | $24.73M | $24.40M | $25.13M |
| San Diego | $15.55M | $16.02M | $16.01M | $16.84M | $17.11M | $17.37M | $17.25M | $18.94M |
| Denver | $6.87M | $7.76M | $7.57M | $7.90M | $7.91M | $7.97M | $12.11M | $12.86M |
| Non Same Store | $9.79M | $12.64M | $20.51M | $24.86M | $25.64M | $31.60M | $13.56M | $12.45M |
| Other Expansion Markets | — | — | — | — | — | — | $8.04M | $10.37M |
| Total | $521.55M | $641.88M | $149.74M | $309.93M | $414.01M | $242.36M | $297.59M | $218.46M |
Boston, Denver, Los Angeles, Non Same Store, Orange County, Other Expansion Markets, San Diego, San Francisco, Seattle were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Equity Residential's operating income?
- Equity Residential (EQR) reported operating income of $392.50M in Q4 2023.
- How has Equity Residential's operating income changed year-over-year?
- Equity Residential's operating income increased by 61.9% year-over-year, from $242.36M to $392.50M.
- What is the long-term trend for Equity Residential's operating income?
- Over 2 years (2021 to 2023), Equity Residential's operating income has grown at a -16.8% compound annual growth rate (CAGR), from $1.68B to $1.16B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.