VIVMARK RESIDENTIAL VMRK
Equity Residential ("EQR") is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages rental properties in dynamic metro areas across the U.S. ERP Operating Limited Partnership ("ERPOP") is focused on conducting the multifamily property business of EQR. EQR is a Maryland real estate investment trust ("REIT") formed in March 1993 and ERPOP is an Illinois limited partnership formed in May 1993. References to the "Company," "we," "us" or "our" mean collectively EQR, ERPOP and those entities/subsidiaries owned or controlled by EQR and/or ERPOP. References to the "Operating Partnership" mean collectively ERPOP and those entities/subsidiaries owned or controlled by ERPOP.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $384.0K | $753.0K | $717.0K | $3.6M |
| SG&A | $65.3M | $61.7M | $60.7M | $58.7M | $56.5M | $48.3M | $52.8M | $53.8M | $52.2M | $57.8M |
| Total operating expenses | $1.02B | $961.8M | $926.7M | $872.3M | $850.6M | $1.79B | $1.79B | $1.72B | $1.62B | $1.57B |
| Operating income | — | — | $1.16B | $1.12B | $1.68B | $1.32B | $1.36B | $1.11B | $1.00B | $856.1M |
| Pre-tax income | $1.17B | $1.08B | $875.0M | $812.9M | $1.40B | $932.4M | $939.4M | $688.8M | $613.1M | $416.6M |
| Income tax | $1.6M | $1.3M | $1.1M | $900.0K | $915.0K | $852.0K | $2.3M | $878.0K | $478.0K | $1.6M |
| Net income | $1.15B | $1.07B | $868.5M | $807.0M | $1.40B | $913.6M | $970.4M | $657.5M | $603.5M | $4.29B |
| EPS, basic | 2.95 | 2.73 | 2.20 | 2.06 | 3.56 | 2.45 | 2.61 | 1.78 | 1.64 | 11.75 |
| EPS, diluted | 2.94 | 2.72 | 2.20 | 2.05 | 3.54 | 2.45 | 2.60 | 1.77 | 1.63 | 11.68 |
| Shares, diluted (wtd. avg.) | $390.4M | $390.7M | $390.9M | $389.4M | $388.1M | $385.9M | $386.3M | $383.7M | $382.7M | $382.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $55.9M | $62.3M | $50.7M | $53.9M | $123.8M | $42.6M | $45.8M | $47.4M | $50.6M | $77.2M |
| Total assets | $20.75B | $20.83B | $20.03B | $20.22B | $21.17B | $20.29B | $21.17B | $20.39B | $20.57B | $20.70B |
| Long-term debt | $8.24B | $8.19B | $7.46B | $7.49B | $8.42B | $8.13B | $9.13B | $8.91B | $9.07B | — |
| Total liabilities | $9.34B | $9.25B | $8.46B | $8.52B | $9.48B | $9.18B | $10.16B | $9.62B | $9.73B | $9.80B |
| Retained earnings | $1.19B | $1.41B | $1.44B | $1.66B | $1.83B | $1.40B | $1.39B | $1.26B | $1.40B | $1.54B |
| Total equity | $11.04B | $11.04B | $11.09B | $11.17B | $10.95B | $10.53B | $10.32B | $10.17B | $10.24B | $10.23B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.65B | $1.57B | $1.53B | $1.45B | $1.26B | $1.27B | $1.46B | $1.36B | $1.27B | $1.21B |
| Depreciation and amortisation | $1.01B | $952.2M | $888.7M | $882.2M | $838.3M | $820.8M | $831.1M | $785.7M | $743.7M | $705.6M |
| Stock-based compensation | $32.2M | $31.3M | $31.8M | $29.5M | $27.8M | $23.2M | $24.4M | $27.1M | $25.0M | $30.5M |
| Capital expenditure | — | — | — | — | — | — | — | $4.5M | $1.5M | $5.7M |
| Investing cash flow | -$321.4M | -$1.18B | -$409.5M | $107.8M | -$434.6M | $663.6M | -$771.8M | -$376.8M | -$594.3M | $5.90B |
| Financing cash flow | -$1.33B | -$377.0M | -$1.12B | -$1.79B | -$565.1M | -$1.95B | -$684.5M | -$963.9M | -$789.8M | -$7.05B |
| Dividends paid | $1.05B | $1.02B | $990.1M | $931.8M | $900.5M | $883.9M | $831.1M | $782.1M | $739.4M | $4.77B |
| Buybacks | $280.7M | $38.5M | $49.1M | — | — | — | — | — | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-155007.
Others in SIC 6798
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WELL | WELLTOWER INC. | $166.72B | 169.9x | 40.2% |
| PLD | Prologis, Inc. | $128.05B | 38.6x | 7.2% |
| EQIX | EQUINIX INC | $102.22B | 75.3x | 5.4% |
| AMT | AMERICAN TOWER CORP /MA/ | $81.93B | 32.6x | 20.8% |
| SPG | SIMON PROPERTY GROUP INC. | $67.86B | 14.8x | 6.7% |
| DLR | DIGITAL REALTY TRUST, INC. | $66.20B | 52.6x | 10.0% |
| O | REALTY INCOME CORP | $57.96B | 52.4x | 9.1% |
| PSA | Public Storage | $53.04B | 33.5x | 2.7% |