Income StatementBalance SheetCash FlowSegments
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Equity Residential Business Segments

Business, geographic, and product segment breakdowns

Equity Residential generates $3.1B in annual revenue across 4 key segments: Other Lease Revenue ($15.5M), Parking ($49.1M), Residential And Non Residential Rent ($2.8B), and Utility Recoveries ($106.7M). Based on the Q1 2026 filing.

Other Lease Revenue (TTM)$15.5MParking (TTM)$49.1MResidential And Non Residential Rent (TTM)$2.8BUtility Recoveries (TTM)$106.7M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$24.5B
P/E Ratio25.71
ROE8.78%

Products & Services

Operating Lease Lease Income Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Residential And Non Residential Rent$709.2M$697.1M$702.3M$712.5M$713.2M$712.0M
Utility Recoveries$25.5M$25.5M$25.9M$26.0M$27.8M$27.0M
Parking$12.4M$12.3M$12.4M$12.2M$12.4M$12.1M
Other Lease Revenue$11.5M$991.0K$2.3M$3.9M$3.2M$6.2M

Operating Lease Lease Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Rental Income$8.2M$25.3M$26.2M$27.9M$25.4M$22.6M
Other Revenue-$3.3M$14.7M$15.3M$17.3M$14.2M$12.0M
Parking Revenue$11.5M$10.7M$10.9M$10.6M$11.1M$10.6M

Geographic

Net Operating Income Loss From Rental Real Estate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
San Francisco$75.3M$76.3M$81.3M$81.8M$82.4M$84.8M
Los Angeles$83.4M$82.1M$83.8M$83.5M$77.3M$79.7M
Boston$58.0M$56.2M$58.7M$55.8M$53.4M$54.1M
Seattle$45.2M$51.3M$49.9M$50.5M$42.7M$47.1M
Orange County$24.4M$24.6M$25.0M$24.7M$25.4M$25.2M
Non Same Store$31.4M$27.6M$25.6M$32.9M$39.2M$18.8M
Denver$12.1M$13.1M$13.4M$13.0M$12.8M$17.1M
San Diego$15.8M$16.4M$16.7M$16.7M$16.7M$16.6M
Atlanta—$16.5M———$15.2M
Dallas Austin—$10.7M———$10.7M

Operating Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Los Angeles$36.8M$38.8M$37.8M$38.9M$35.1M$39.8M
San Francisco$30.1M$34.5M$33.2M$34.5M$32.7M$35.4M
Boston$24.7M$25.5M$24.2M$24.6M$23.0M$27.0M
Seattle$16.6M$20.5M$19.9M$20.3M$15.6M$20.0M
Non Same Store$14.1M$16.0M$15.4M$19.0M$22.4M$13.2M
Denver$5.4M$6.1M$5.8M$5.9M$5.6M$8.6M
Atlanta—$8.0M———$8.5M
Dallas Austin—$8.2M———$7.9M
Orange County$7.1M$7.3M$7.0M$7.5M$7.1M$7.4M
San Diego$3.4M$4.7M$4.6M$4.7M$4.7M$4.8M

Operating Lease Lease Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
San Francisco$105.3M$110.8M$114.5M$116.3M$115.1M$120.1M
Los Angeles$120.1M$120.9M$121.5M$122.4M$112.4M$119.5M
Boston$82.7M$81.7M$82.9M$80.4M$76.4M$81.1M
Seattle$61.9M$71.8M$69.8M$70.7M$58.3M$67.1M
Orange County$31.5M$31.8M$32.0M$32.2M$32.4M$32.5M
Non Same Store$45.5M$43.6M$40.9M$51.9M$61.6M$32.0M
Denver$17.5M$19.2M$19.2M$18.9M$18.4M$25.7M
Atlanta—$24.5M———$23.8M
San Diego$19.2M$21.1M$21.3M$21.5M$21.4M$21.4M
Dallas Austin—$18.9M———$18.6M

Business Segments

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total Assets$17.6B$17.6B$17.4B$17.2B$16.8B$18.1B
Operating Lease Lease Income$672.1M$715.8M$727.0M$727.6M$676.7M$746.5M
Net Operating Income Loss From Rental Real Estate$462.0M$480.6M$497.6M$493.0M$463.6M$497.9M
Operating Expenses$210.1M$235.2M$229.4M$234.6M$213.2M$248.6M
Payments To Proceeds From Acquire Other Property Plant And Equipment$60.2M$54.9M$73.6M$80.9M$80.4M$55.6M
Number Of Reportable Segments0.251.000.000.000.001.00