Equity Residential (EQR) earnings
- Jun 2026
- Dec 2025
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 114 | −40.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
3 of 3 judged targets kept · 12 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full deployment of AI-driven leasing/application-process automation | Almost entirely automated leasing/application process by around Q1 FY26 ('by this time next year') | Mar 2025 | we're about 6 months into our full deployment of the AI-assisted application process, which includes screening. | Achieved |
| Full-year blended (new lease plus renewal) rate growth guidance | 1.5% to 3% | Dec 2025 | we're not changing our full year expectations. We had about a 1.5% to 3% kind of growth rate. | On Track |
12 of EQUITY RESIDENTIAL's 15 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 13 more targets are in the full ledger.
Price
Performance +1.1% 1Y
1Y: $64.67 on 3 Sept 2025 → $65.35. High $70.15 (7 Jul 2026), low $57.98 (20 Mar 2026).
- Previous close
- $64.96
- 52-week range
- $57.98 – $70.15
- One year
- −0.37%
Overview
- Symbol
- EQR
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
3 of 3 judged targets kept · 12 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full deployment of AI-driven leasing/application-process automation | Almost entirely automated leasing/application process by around Q1 FY26 ('by this time next year') | Mar 2025 | we're about 6 months into our full deployment of the AI-assisted application process, which includes screening. | Achieved |
| Full-year blended (new lease plus renewal) rate growth guidance | 1.5% to 3% | Dec 2025 | we're not changing our full year expectations. We had about a 1.5% to 3% kind of growth rate. | On Track |
The full ledger
Open EQUITY RESIDENTIAL’s full ledger
A free account opens 5 company ledgers a month. All 15 tracked commitments, with each call’s wording and source.
Financials
What the filings say
Net profit, year on year: −41% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Expenses | 525 | 554 | 567 | 543 | 556 | 559 | 566 | 566 |
| Profit before tax | 150 | 438 | 272 | 204 | 301 | 395 | 96 | 120 |
| Tax rate | 0.2% | 0.1% | 0.2% | 0.2% | 0.1% | 0.1% | 0.4% | 0.3% |
| Net profit | 143 | 419 | 257 | 192 | 289 | 382 | 90 | 114 |
| EPS ($ per share) | 0.38 | — | 0.68 | 0.51 | 0.76 | — | 0.24 | 0.30 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 1,262 | 1,386 | 1,400 | 1,827 | 1,659 | 1,437 | 1,408 | 1,194 |
| Total liabilities | 9,615 | 10,165 | 9,184 | 9,483 | 8,517 | 8,456 | 9,250 | 9,337 |
| Total assets | 20,394 | 21,173 | 20,287 | 21,169 | 20,218 | 20,035 | 20,834 | 20,746 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,356 | 1,457 | 1,266 | 1,260 | 1,455 | 1,533 | 1,574 | 1,649 |
| Cash from investing | -377 | -772 | 664 | -435 | 108 | -410 | -1,176 | -321 |
| Cash from financing | -964 | -684 | -1,946 | -565 | -1,786 | -1,120 | -377 | -1,329 |
| Capital expenditure | -1,090 | -1,697 | -49 | -1,712 | -113 | -324 | -1,595 | -662 |
| Free cash flow | 267 | -240 | 1,217 | -452 | 1,342 | 1,208 | -21 | 987 |
Insider filings
49 filings between Nov 14, 2025 and Sep 9, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$4.65M
14 sales by 10 insiders
Compensation
not trading decisions- 33
- Award — granted as compensation
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SCHULMAN EDWARD M | — | $1.07M | Aug 18, 2026 |
| Manelis Michael L | — | $1.03M | Aug 17, 2026 |
| Swanezy Susan | — | $1.00M | Aug 18, 2026 |
| Howard Christopher B. | — | $543.1K | Aug 18, 2026 |
| MUELLER CHARLES E JR | — | $511.2K | Aug 18, 2026 |
| Garechana Robert | — | $236.9K | Feb 10, 2026 |
| Carraway Catherine | — | $90.3K | Feb 18, 2026 |
| Carr Chris | — | $73.8K | Sep 9, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 9, 2026 | Carr Chris Director | Sale | 1,130 | $73.8K |
| Aug 31, 2026 | Manelis Michael L Executive Vice President & COO | Award | 10,820 | $0 |
| Aug 31, 2026 | Manelis Michael L Executive Vice President & COO | Award | 13,201 | $0 |
| Aug 31, 2026 | Manelis Michael L Executive Vice President & COO | Award | 10,536 | $0 |
| Aug 31, 2026 | Fenster Scott EVP & General Counsel | Award | 4,584 | $0 |
| Aug 21, 2026 | Willson Sean Thomas Senior Vice President & CAO | Sale | 300 | $19.9K |
| Aug 20, 2026 | Birenbaum Matthew H. Executive Vice President & CDO | Gift | 1,400 | $0 |
| Aug 19, 2026 | Willson Sean Thomas Senior Vice President & CAO | Sale | 250 | $16.1K |
| Aug 18, 2026 | SCHULMAN EDWARD M EVP, Legal Affairs | Sale | 16,595 | $1.07M |
| Aug 18, 2026 | MUELLER CHARLES E JR Director | Sale | 8,000 | $511.2K |
| Aug 18, 2026 | Swanezy Susan Director | Sale | 15,700 | $1.00M |
| Aug 18, 2026 | Howard Christopher B. Director | Sale | 8,486 | $543.1K |
| Aug 17, 2026 | Thomas Pamela Rogers EVP, Portfolio & Asset Mgmt | Award | 18,850 | $0 |
| Aug 17, 2026 | Willson Sean Thomas Senior Vice President & CAO | Award | 3,994 | $0 |
| Aug 17, 2026 | Willson Sean Thomas Senior Vice President & CAO | Award | 2,052 | $0 |
| Aug 17, 2026 | Hoff Ann Director | Award | 2,620 | $0 |
| Aug 17, 2026 | STERRETT STEPHEN E Director | Award | 2,620 | $0 |
| Aug 17, 2026 | Jones Nina P Director | Award | 2,620 | $0 |
| Aug 17, 2026 | NAUGHTON TIMOTHY J Director | Award | 2,620 | $0 |
| Aug 17, 2026 | Manelis Michael L Executive Vice President & COO | Award | 8,836 | $0 |
| Aug 17, 2026 | Manelis Michael L Executive Vice President & COO | Sale | 7,825 | $503.2K |
| Aug 17, 2026 | Birenbaum Matthew H. Executive Vice President & CDO | Award | 35,946 | $0 |
| Aug 17, 2026 | Thomas Pamela Rogers EVP, Portfolio & Asset Mgmt | Award | 37,875 | $0 |
| Aug 17, 2026 | Carr Chris Director | Award | 2,620 | $0 |
| Aug 17, 2026 | HABEN MARY KAY Director | Award | 2,620 | $0 |
| Aug 14, 2026 | Kaufman Ian Chief Accounting Officer | Award | 30 | $1.7K |
| Jun 18, 2026 | Jones Nina P Director | Award | 3,276 | $0 |
| Jun 18, 2026 | HABEN MARY KAY Director | Award | 3,276 | $0 |
| Jun 18, 2026 | Hoff Ann Director | Award | 3,276 | $0 |
| Jun 18, 2026 | STERRETT STEPHEN E Director | Award | 3,276 | $0 |
| May 14, 2026 | Kaufman Ian Chief Accounting Officer | Award | 32 | $1.7K |
| Mar 2, 2026 | Kaufman Ian Chief Accounting Officer | Award | 150 | $7.9K |
| Feb 18, 2026 | Manelis Michael L Executive Vice President & COO | Sale | 2,429 | $154.4K |
| Feb 18, 2026 | Kaufman Ian Chief Accounting Officer | Sale | 909 | $57.8K |
| Feb 18, 2026 | Carraway Catherine EVP & CHRO | Sale | 749 | $47.6K |
| Feb 10, 2026 | Manelis Michael L Executive Vice President & COO | Sale | 5,765 | $375.5K |
| Feb 10, 2026 | Garechana Robert EVP & Chief Investment Officer | Sale | 3,637 | $236.9K |
| Feb 10, 2026 | Carraway Catherine EVP & CHRO | Sale | 656 | $42.7K |
| Feb 9, 2026 | Parrell Mark J. President & CEO | Award | 19,909 | $0 |
| Feb 9, 2026 | Kaufman Ian Chief Accounting Officer | Award | 4,593 | $0 |
| Feb 9, 2026 | Manelis Michael L Executive Vice President & COO | Award | 12,010 | $0 |
| Feb 9, 2026 | McLeod Bret EVP & Chief Financial Officer | Award | 6,840 | $0 |
| Feb 9, 2026 | Carraway Catherine EVP & CHRO | Award | 4,761 | $0 |
| Feb 9, 2026 | Fenster Scott EVP & General Counsel | Award | 9,174 | $0 |
| Jan 16, 2026 | Carraway Catherine EVP & CHRO | Award | 2,977 | $0 |
| Jan 16, 2026 | Manelis Michael L Executive Vice President & COO | Award | 13,105 | $0 |
| Jan 16, 2026 | Garechana Robert EVP & Chief Investment Officer | Award | 11,020 | $0 |
| Dec 30, 2025 | NEITHERCUT DAVID J Director | Gift | 42,500 | $0 |
| Nov 14, 2025 | Kaufman Ian Chief Accounting Officer | Award | 39 | $2.0K |
| Aug 14, 2025 | Kaufman Ian Chief Accounting Officer | Award | 37 | $2.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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