Equity Residential (EQR)

Equity Residential Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	2,980	2,874	2,735	2,464	2,572
Total Revenue	2,980	2,874	2,735	2,464	2,572
Revenue Growth (YoY	3.69%	5.07%	11.01%	-4.19%	-4.78%
Property Expenses	1,095	1,046	982.58	948.79	916.39
Selling, General & Administrative	61.65	60.72	58.71	56.51	48.31
Depreciation & Amortization	952.19	888.71	882.17	838.27	820.83
Total Operating Expenses	2,108	1,996	1,923	1,844	1,786
Operating Income	871.7	878.05	811.72	620.43	786.18
Interest Expense	-293.57	-278.5	-291.65	-281.21	-374.01
Interest & Investment Income	12.44	7.38	0.13	2.23	5.94
Income (Loss) on Equity Investments	-8.97	-5.38	-5.03	-3.4	-3.28
Other Non-Operating Income	-74.05	-29.42	-13.66	-19.28	-17.51
EBT Excluding Unusual Items	507.55	572.13	501.51	318.78	397.31
Gain (Loss) on Sale of Investments	17.89	14.97	2.06	23.43	-
Gain (Loss) on Sale of Assets	546.8	282.54	304.33	1,072	566.04
Asset Writedown	-	-	-	-16.77	-
Pretax Income	1,072	869.64	807.9	1,398	963.35
Income Tax Expense	1.26	1.15	0.9	0.92	0.85
Earnings From Continuing Operations	1,071	868.49	807	1,397	962.5
Net Income to Company	1,071	868.49	807	1,397	962.5
Minority Interest in Earnings	-35.14	-33.05	-30.08	-63.86	-48.87
Net Income	1,036	835.44	776.91	1,333	913.64
Preferred Dividends & Other Adjustments	3.06	3.09	3.09	3.09	3.09
Net Income to Common	1,033	832.35	773.82	1,330	910.55
Net Income Growth	23.99%	7.53%	-41.71%	45.88%	-5.85%
Basic Shares Outstanding	379	379	376	374	372
Diluted Shares Outstanding	391	391	389	388	386
Shares Change (YoY)	-0.04%	0.37%	0.35%	0.57%	-0.12%
EPS (Basic)	2.73	2.20	2.06	3.56	2.45
EPS (Diluted)	2.72	2.20	2.05	3.54	2.45
EPS Growth	23.65%	6.96%	-42.04%	44.81%	-5.75%
Dividend Per Share	2.700	2.650	2.500	2.410	2.410
Dividend Growth	1.89%	6.00%	3.73%	0%	6.17%
Operating Margin	29.25%	30.55%	29.68%	25.18%	30.57%
Profit Margin	34.66%	28.96%	28.29%	53.97%	35.41%
Free Cash Flow Margin	52.80%	53.33%	53.19%	51.14%	49.21%
EBITDA	1,824	1,767	1,694	1,459	1,607
EBITDA Margin	61.20%	61.47%	61.93%	59.19%	62.49%
D&A For Ebitda	952.19	888.71	882.17	838.12	820.76
EBIT	871.7	878.05	811.72	620.43	786.18
EBIT Margin	29.25%	30.55%	29.68%	25.18%	30.57%
Funds From Operations (FFO)	1,470	1,464	1,374	1,151	1,238
FFO Per Share	3.76	3.75	-	-	-
Adjusted Funds From Operations (AFFO)	1,470	1,464	1,374	1,151	1,238
AFFO Per Share	3.76	3.75	-	-	-
FFO Payout Ratio	69.34%	67.63%	67.82%	78.26%	71.39%
Effective Tax Rate	0.12%	0.13%	0.11%	0.07%	0.09%

Source: S&P Capital IQ. Real Estate template. Financial Sources.