Equity Residential
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages 312 rental properties consisting of 85,190 apartment units in dynamic metro areas across the U.S. with a primary concentration in major coastal markets, diversified by a targeted presence in the high-growth metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver.… Read more
Equity Residential (EQR) - Net Assets
Latest net assets as of December 2025: $11.41 Billion USD
Based on the latest financial reports, Equity Residential (EQR) has net assets worth $11.41 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.75 Billion) and total liabilities ($9.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.41 Billion |
| % of Total Assets | 54.99% |
| Annual Growth Rate | 12.98% |
| 5-Year Change | -2.37% |
| 10-Year Change | 4.64% |
| Growth Volatility | 49.41 |
Equity Residential - Net Assets Trend (1993–2025)
This chart illustrates how Equity Residential's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Equity Residential (1993–2025)
The table below shows the annual net assets of Equity Residential from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $11.41 Billion | -1.51% |
| 2024-12-31 | $11.58 Billion | +0.05% |
| 2023-12-31 | $11.58 Billion | -1.05% |
| 2022-12-31 | $11.70 Billion | +0.13% |
| 2021-12-31 | $11.69 Billion | +5.26% |
| 2020-12-31 | $11.10 Billion | +0.86% |
| 2019-12-31 | $11.01 Billion | +2.13% |
| 2018-12-31 | $10.78 Billion | -0.57% |
| 2017-12-31 | $10.84 Billion | -0.57% |
| 2016-12-31 | $10.90 Billion | -3.20% |
| 2015-12-31 | $11.26 Billion | +0.49% |
| 2014-12-31 | $11.21 Billion | +0.00% |
| 2013-12-31 | $11.21 Billion | +41.42% |
| 2012-12-31 | $7.93 Billion | +26.22% |
| 2011-12-31 | $6.28 Billion | +12.29% |
| 2010-12-31 | $5.59 Billion | +8.07% |
| 2009-12-31 | $5.17 Billion | -10.53% |
| 2008-12-31 | $5.78 Billion | +6.70% |
| 2007-12-31 | $5.42 Billion | -13.90% |
| 2006-12-31 | $6.30 Billion | +8.22% |
| 2005-12-31 | $5.82 Billion | +3.73% |
| 2004-12-31 | $5.61 Billion | -0.15% |
| 2003-12-31 | $5.62 Billion | -3.31% |
| 2002-12-31 | $5.81 Billion | -3.99% |
| 2001-12-31 | $6.05 Billion | -2.93% |
| 2000-12-31 | $6.23 Billion | +4.53% |
| 1999-12-31 | $5.96 Billion | +3.47% |
| 1998-12-31 | $5.76 Billion | +45.38% |
| 1997-12-31 | $3.96 Billion | +146.26% |
| 1996-12-31 | $1.61 Billion | +52.77% |
| 1995-12-31 | $1.05 Billion | +33.81% |
| 1994-12-31 | $787.30 Million | +242.75% |
| 1993-12-31 | $229.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Equity Residential's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 119773100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.19 Billion | 10.81% |
| Common Stock | $3.78 Million | 0.03% |
| Other Comprehensive Income | $2.17 Million | 0.02% |
| Other Components | $9.84 Billion | 89.13% |
| Total Equity | $11.04 Billion | 100.00% |
Equity Residential Competitors by Market Cap
The table below lists competitors of Equity Residential ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smurfit WestRock plc
NYSE:SW
|
$20.76 Billion |
|
Dollar Tree Inc
NASDAQ:DLTR
|
$20.82 Billion |
|
East Japan Railway Company
PINK:EJPRF
|
$20.83 Billion |
|
Coca-Cola European Partners PLC
NASDAQ:CCEP
|
$20.84 Billion |
|
HeidelbergCement AG
PINK:HLBZF
|
$20.74 Billion |
|
FUJIFILM Holdings Corporation
PINK:FUJIF
|
$20.69 Billion |
|
Montage Technology Co Ltd
SHG:688008
|
$20.69 Billion |
|
Lennar Corporation
NYSE:LEN
|
$20.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Equity Residential's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,044,560,000 to 11,041,499,000, a change of -3,061,000 (-0.0%).
- Net income of 1,120,089,000 contributed positively to equity growth.
- Dividend payments of 1,047,669,000 reduced retained earnings.
- Share repurchases of 280,720,000 reduced equity.
- Other comprehensive income decreased equity by 2,039,000.
- Other factors increased equity by 207,278,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.12 Billion | +10.14% |
| Dividends Paid | $1.05 Billion | -9.49% |
| Share Repurchases | $280.72 Million | -2.54% |
| Other Comprehensive Income | $-2.04 Million | -0.02% |
| Other Changes | $207.28 Million | +1.88% |
| Total Change | $- | -0.03% |
Book Value vs Market Value Analysis
This analysis compares Equity Residential's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 12.10x to 2.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $5.04 | $61.02 | x |
| 1994-12-31 | $11.88 | $61.02 | x |
| 1995-12-31 | $12.82 | $61.02 | x |
| 1996-12-31 | $17.13 | $61.02 | x |
| 1997-12-31 | $27.61 | $61.02 | x |
| 1998-12-31 | $23.67 | $61.02 | x |
| 1999-12-31 | $20.29 | $61.02 | x |
| 2000-12-31 | $19.61 | $61.02 | x |
| 2001-12-31 | $18.34 | $61.02 | x |
| 2002-12-31 | $17.44 | $61.02 | x |
| 2003-12-31 | $18.42 | $61.02 | x |
| 2004-12-31 | $18.13 | $61.02 | x |
| 2005-12-31 | $17.36 | $61.02 | x |
| 2006-12-31 | $18.65 | $61.02 | x |
| 2007-12-31 | $16.75 | $61.02 | x |
| 2008-12-31 | $18.51 | $61.02 | x |
| 2009-12-31 | $18.45 | $61.02 | x |
| 2010-12-31 | $17.99 | $61.02 | x |
| 2011-12-31 | $19.23 | $61.02 | x |
| 2012-12-31 | $22.80 | $61.02 | x |
| 2013-12-31 | $29.66 | $61.02 | x |
| 2014-12-31 | $27.45 | $61.02 | x |
| 2015-12-31 | $27.51 | $61.02 | x |
| 2016-12-31 | $26.78 | $61.02 | x |
| 2017-12-31 | $26.77 | $61.02 | x |
| 2018-12-31 | $26.51 | $61.02 | x |
| 2019-12-31 | $26.70 | $61.02 | x |
| 2020-12-31 | $27.28 | $61.02 | x |
| 2021-12-31 | $28.23 | $61.02 | x |
| 2022-12-31 | $28.69 | $61.02 | x |
| 2023-12-31 | $28.36 | $61.02 | x |
| 2024-12-31 | $28.27 | $61.02 | x |
| 2025-12-31 | $28.40 | $61.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Equity Residential utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.12%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.88x
- Recent ROE (10.14%) is below the historical average (10.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 4.16% | 5.36% | 0.21x | 3.66x | $-8.55 Million |
| 1994 | 5.64% | 14.89% | 0.13x | 3.03x | $-26.59 Million |
| 1995 | 7.65% | 16.41% | 0.19x | 2.42x | $-20.75 Million |
| 1996 | 6.97% | 21.24% | 0.16x | 2.05x | $-44.26 Million |
| 1997 | 4.79% | 23.63% | 0.11x | 1.92x | $-192.41 Million |
| 1998 | 4.84% | 19.31% | 0.12x | 2.01x | $-274.84 Million |
| 1999 | 7.16% | 26.11% | 0.13x | 2.13x | $-156.61 Million |
| 2000 | 9.78% | 27.06% | 0.17x | 2.18x | $-12.50 Million |
| 2001 | 8.75% | 21.82% | 0.18x | 2.26x | $-67.81 Million |
| 2002 | 8.11% | 21.13% | 0.17x | 2.27x | $-98.40 Million |
| 2003 | 10.84% | 29.83% | 0.16x | 2.29x | $42.30 Million |
| 2004 | 9.31% | 26.93% | 0.14x | 2.49x | $-34.92 Million |
| 2005 | 15.97% | 44.08% | 0.14x | 2.61x | $322.26 Million |
| 2006 | 18.23% | 53.90% | 0.13x | 2.56x | $484.42 Million |
| 2007 | 19.55% | 48.56% | 0.13x | 3.10x | $483.37 Million |
| 2008 | 8.41% | 19.97% | 0.13x | 3.31x | $-79.64 Million |
| 2009 | 7.18% | 18.63% | 0.13x | 3.05x | $-142.46 Million |
| 2010 | 5.57% | 14.24% | 0.12x | 3.18x | $-225.41 Million |
| 2011 | 15.76% | 45.01% | 0.12x | 2.94x | $326.68 Million |
| 2012 | 11.55% | 48.17% | 0.10x | 2.36x | $112.74 Million |
| 2013 | 17.42% | 76.67% | 0.10x | 2.17x | $779.89 Million |
| 2014 | 6.09% | 24.14% | 0.11x | 2.21x | $-405.54 Million |
| 2015 | 8.31% | 31.70% | 0.12x | 2.21x | $-176.92 Million |
| 2016 | 41.96% | 176.94% | 0.12x | 2.02x | $3.27 Billion |
| 2017 | 5.89% | 24.42% | 0.12x | 2.01x | $-420.79 Million |
| 2018 | 6.46% | 25.51% | 0.13x | 2.00x | $-359.79 Million |
| 2019 | 9.41% | 35.93% | 0.13x | 2.05x | $-61.17 Million |
| 2020 | 8.68% | 35.53% | 0.13x | 1.93x | $-138.93 Million |
| 2021 | 12.17% | 54.09% | 0.12x | 1.93x | $237.36 Million |
| 2022 | 6.95% | 28.40% | 0.14x | 1.81x | $-340.43 Million |
| 2023 | 7.54% | 29.07% | 0.14x | 1.81x | $-273.14 Million |
| 2024 | 9.38% | 34.76% | 0.14x | 1.89x | $-68.62 Million |
| 2025 | 10.14% | 36.12% | 0.15x | 1.88x | $15.94 Million |
Industry Comparison
This section compares Equity Residential's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Equity Residential (EQR) | $11.41 Billion | 4.16% | 0.82x | $20.74 Billion |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |