Equity Residential (EQR)

EQR Cash Flow Statement

Operating, investing, and financing cash flow analysis

EQR Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	1.624B	400.515M	387.032M	476.661M	359.545M	425.525M	354.225M	401.414M	396.937M
Net Income	953.576M	90.079M	382.090M	289.051M	192.356M	256.592M	419.115M	143.446M	177.483M
Depreciation & Amortization	1.004B	247.496M	258.108M	254.657M	244.095M	256.746M	267.378M	237.948M	224.398M
Stock-Based Compensation	26.197M	9.600M	0.00	5.403M	11.194M	10.370M	4.506M	5.431M	11.881M
Change in Accounts Receivable	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	52.797M	38.944M	-10.781M	70.410M	-45.776M	32.447M	-44.761M	12.602M	4.641M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-358.143M	-65.891M	-104.629M	-102.380M	-85.243M	-66.807M	-76.313M	-81.257M	-83.915M
Acquisitions	-221.755M	0.00	-116.433M	-21.511M	-83.811M	-32.320M	-30.075M	-19.567M	-52.267M
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-500.105M	-219.385M	-186.433M	-94.287M	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-1.053B	-262.277M	-264.033M	-263.488M	-263.391M	-256.757M	-256.415M	-256.590M	-256.133M
Free Cash Flow (FCF)	1.266B	334.624M	282.403M	374.281M	274.302M	358.718M	277.912M	320.157M	313.022M
Net Change in Cash	-2.434M	-19.745M	-40.648M	67.548M	-9.589M	-18.623M	33.607M	-11.862M	-58.139M

EQR Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	1.649B	1.574B	1.533B	1.455B	1.260B	1.266B	1.457B	1.356B
Net Income	1.120B	1.036B	835.438M	776.911M	1.333B	913.636M	970.377M	657.535M
Depreciation & Amortization	1.014B	966.739M	901.504M	894.325M	838.272M	820.832M	831.083M	790.117M
Stock-Based Compensation	0.00	31.287M	31.815M	29.513M	27.810M	23.174M	24.449M	27.132M
Change in Accounts Receivable	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	46.300M	39.134M	2.159M	-4.692M	29.726M	-74.044M	29.541M	25.649M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-359.059M	-318.689M	-333.540M	-232.241M	-168.647M	-166.244M	-190.262M	-199.266M
Acquisitions	-254.075M	-109.721M	-47.872M	-159.701M	-79.791M	-5.775M	-9.604M	-6.571M
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-280.720M	-38.474M	-49.105M	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-1.048B	-1.021B	-993.238M	-934.101M	-903.558M	-887.028M	-834.201M	-785.985M
Free Cash Flow (FCF)	1.290B	1.255B	1.199B	1.223B	1.092B	1.099B	1.267B	1.157B
Net Change in Cash	-1.312M	20.171M	2.823M	-223.064M	260.508M	-17.271M	686K	15.551M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Equity Residential

Equity Residential is committed to cultivating vibrant living environments where residents can flourish. This S&P 500 firm specializes in the acquisition, development, and ongoing management of rental properties, strategically located within or near thriving metropolitan areas that attract desirable, long-term tenants. The company's substantial portfolio includes ownership or investment in 305 properties, comprising a total of 78,568 apartment units, situated in key markets such as Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California, and Denver.

Chicago, IL

2,500 employees

www.equityapartments.com

Real Estate / REIT - Residential

Sector: Real Estate
Industry: REIT - Residential
CEO: Mark J. Parrell

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