Equity Residential Past Earnings Performance
Past criteria checks 1/6
Equity Residential has been growing earnings at an average annual rate of 1.7%, while the Residential REITs industry saw earnings growing at 28.6% annually. Revenues have been growing at an average rate of 1.6% per year. Equity Residential's return on equity is 8.2%, and it has net margins of 31.6%.
Key information
1.7%
Earnings growth rate
1.2%
EPS growth rate
| Residential REITs Industry Growth | 11.2% |
| Revenue growth rate | 1.6% |
| Return on equity | 8.2% |
| Net Margin | 31.6% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Equity Residential makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 2,900 | 915 | 60 | 0 |
| 31 Dec 23 | 2,874 | 832 | 61 | 0 |
| 30 Sep 23 | 2,846 | 680 | 61 | 0 |
| 30 Jun 23 | 2,817 | 830 | 60 | 0 |
| 31 Mar 23 | 2,787 | 915 | 58 | 0 |
| 31 Dec 22 | 2,735 | 774 | 59 | 0 |
| 30 Sep 22 | 2,681 | 1,142 | 60 | 0 |
| 30 Jun 22 | 2,609 | 1,251 | 60 | 0 |
| 31 Mar 22 | 2,520 | 1,343 | 58 | 0 |
| 31 Dec 21 | 2,464 | 1,330 | 57 | 0 |
| 30 Sep 21 | 2,432 | 1,056 | 54 | 0 |
| 30 Jun 21 | 2,432 | 715 | 52 | 0 |
| 31 Mar 21 | 2,487 | 659 | 49 | 0 |
| 31 Dec 20 | 2,572 | 911 | 48 | 0 |
| 30 Sep 20 | 2,642 | 947 | 49 | 0 |
| 30 Jun 20 | 2,705 | 1,123 | 49 | 0 |
| 31 Mar 20 | 2,721 | 1,171 | 52 | 0 |
| 31 Dec 19 | 2,701 | 967 | 53 | 0 |
| 30 Sep 19 | 2,670 | 795 | 54 | 0 |
| 30 Jun 19 | 2,637 | 743 | 55 | 0 |
| 31 Mar 19 | 2,608 | 547 | 53 | 0 |
| 31 Dec 18 | 2,578 | 654 | 54 | 0 |
| 30 Sep 18 | 2,556 | 663 | 53 | 0 |
| 30 Jun 18 | 2,528 | 586 | 53 | 0 |
| 31 Mar 18 | 2,500 | 668 | 54 | 0 |
| 31 Dec 17 | 2,471 | 600 | 52 | 0 |
| 30 Sep 17 | 2,446 | 752 | 51 | 0 |
| 30 Jun 17 | 2,428 | 822 | 51 | 0 |
| 31 Mar 17 | 2,411 | 844 | 55 | 0 |
| 31 Dec 16 | 2,426 | 4,289 | 58 | 0 |
| 30 Sep 16 | 2,524 | 4,215 | 61 | 0 |
| 30 Jun 16 | 2,614 | 4,204 | 64 | 0 |
| 31 Mar 16 | 2,698 | 4,271 | 62 | 0 |
| 31 Dec 15 | 2,745 | 863 | 65 | 0 |
| 30 Sep 15 | 2,706 | 877 | 60 | 0 |
| 30 Jun 15 | 2,674 | 902 | 55 | 0 |
| 31 Mar 15 | 2,648 | 727 | 53 | 0 |
| 31 Dec 14 | 2,615 | 626 | 51 | 0 |
| 30 Sep 14 | 2,589 | 472 | 56 | 0 |
| 30 Jun 14 | 2,552 | 222 | 61 | 0 |
| 31 Mar 14 | 2,516 | 40 | 63 | 0 |
| 31 Dec 13 | 2,388 | -247 | 62 | 0 |
| 30 Sep 13 | 2,193 | -230 | 57 | 0 |
| 30 Jun 13 | 2,018 | -127 | 53 | 0 |
Quality Earnings: EQR has a large one-off gain of $366.5M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: EQR's current net profit margins (31.6%) are lower than last year (32.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EQR's earnings have grown by 1.7% per year over the past 5 years.
Accelerating Growth: EQR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EQR had negative earnings growth (-0.02%) over the past year, making it difficult to compare to the Residential REITs industry average (7.2%).
Return on Equity
High ROE: EQR's Return on Equity (8.2%) is considered low.