Equity Residential (VMRK)
Owner and operator of upscale rental apartments in U.S. coastal gateway cities.
$61.48
vs last close−0.87 (−1.40%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 724 | 728 | 731 | 734 | 748 | 767 | 761 | 769 | 782 | 789 | 780 | 785 |
| Cost of revenue | 260 | 252 | 279 | 266 | 273 | 277 | 292 | 283 | 287 | 803 | 302 | 303 |
| Gross profit | 464 | 475 | 452 | 469 | 476 | 489 | 469 | 485 | 496 | −14 | 478 | 482 |
| 14 | 12 | 16 | 19 | 15 | 13 | 18 | 259 | 269 | −237 | 264 | 263 | |
| 14 | 12 | 16 | 19 | 15 | 13 | 18 | 19 | 15 | 0 | 17 | 17 | |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 15 | 0 | 17 | 17 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 241 | 255 | −237 | 247 | 246 |
| Operating income | 450 | 464 | 436 | 450 | 461 | 477 | 451 | 226 | 227 | 223 | 214 | 219 |
| −268 | −141 | −131 | −266 | −312 | −42 | −186 | −22 | 71 | 169 | −118 | −101 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 | 0 | 0 | 0 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75 | 80 | 82 | 80 | 85 |
| Other non-operating income | 225 | 227 | 226 | 224 | 238 | 264 | 257 | −54 | −151 | −251 | 39 | −16 |
| Income before tax | 182 | 323 | 305 | 184 | 149 | 434 | 265 | 204 | 297 | 392 | 96 | 118 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 2 | 0 |
| Net income from continuing operations | 181 | 322 | 305 | 184 | 149 | 434 | 265 | 199 | 297 | 391 | 93 | 118 |
| Other adjustments | 0 | −2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 173 | 312 | 296 | 177 | 143 | 419 | 257 | 192 | 289 | 382 | 90 | 114 |
| EPS, basic | $0.45 | $0.82 | $0.78 | $0.47 | $0.39 | $1.10 | $0.69 | $0.51 | $0.76 | $1.01 | $0.24 | $0.30 |
| EPS, diluted | $0.45 | $0.80 | $0.77 | $0.45 | $0.38 | $1.10 | $0.67 | $0.50 | $0.74 | $1.00 | $0.24 | $0.30 |
| Weighted average shares, basic | 379 | 379 | 379 | 379 | 379 | 381 | 379 | 390 | 389 | 379 | 376 | 382 |
| Weighted average shares, diluted | 379 | 391 | 391 | 391 | 391 | 391 | 391 | 391 | 391 | 389 | 385 | 384 |
| EBITDA | 450 | 466 | 436 | 450 | 461 | 480 | 451 | 524 | 632 | 732 | 423 | 481 |
| Depreciation & amortization | 225 | 229 | 226 | 224 | 238 | 267 | 257 | 244 | 255 | 258 | 247 | 246 |
| EBIT | 225 | 237 | 210 | 226 | 223 | 212 | 194 | 280 | 377 | 474 | 175 | 235 |