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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6M | $717.0K | $753.0K | $384.0K | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $4.29B | $603.5M | $657.5M | $970.4M | $913.6M | $1.40B | $807.0M | $868.5M | $1.07B | $1.15B |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6798
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| AMT | AMERICAN TOWER CORP /MA/ | $88.04B | 35.0x | 20.8% |
| SPG | SIMON PROPERTY GROUP INC. | $68.57B | 14.9x | 6.7% |
| DLR | DIGITAL REALTY TRUST, INC. | $60.57B | 48.1x | 10.0% |
| PSA | Public Storage | $54.42B | 34.4x | 2.7% |
| O | REALTY INCOME CORP | $53.83B | 48.6x | 9.1% |