FirmAtlas

Company handbook · VMRK · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16

VMRK · CIK 906107 · LATEST FILING: 10-Q JUN '26 · FILED JUL 30, 2026

EQUITY RESIDENTIAL

$61.26 +0.08 (+0.13%)

Close, Oct 16, 2026 · 52-week $58–72

↗ equityapartments.com

Market cap

$23.1B

P/E

26.4

P/B

2.2

Div yield

4.57%

EPS 1Y

8.1%/yr

Shares 1Y

−0.4%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOBenjamin Schall

HQChicago, IL

AuditorErnst and Young LLP

Year endsDecember

Compounded growth & averages

10Y

TTM

Share price

−0.0%

−6.2%

0.6%

−0.4%

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Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$2.4B deployed

Dividends $2.1B 86.6%

Buybacks $319M 13.4%

Operating cash flow over the period: $3.2B. Total debt changed by +$91M.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Sep 17, 2026 Other announcement 8-K Sep 16, 2026 Other announcement 8-K Sep 9, 2026 Other announcement 8-K Aug 17, 2026 Material agreement 8-K Aug 17, 2026 Acquisition or disposal 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

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Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Interest expense

286

307+7.4%

—

Net income

1,036

1,120+8.1%

875

YoY

+8.1%

EPS (diluted, $)

2.72

2.94+8.1%

2.31

YoY

+8.1%

Balance sheet

FY24 FY25

TTM

Total assets

20,834

20,746−0.4%

20,276

Cash & short-term investments

56−10.3%

—

Other assets

20,772

20,690−0.4%

—

Total liabilities

9,790

9,705−0.9%

9,761

Total debt

8,738

8,829+1.0%

1,500

Other liabilities

1,052

876−16.7%

—

Shareholders’ equity

11,045

11,041−0.0%

10,515

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

1,574

1,649+4.8%

1,566

Net income

1,071

1,152+7.6%

—

Depreciation & amortization

952

1,010+6.1%

—

Stock-based compensation

32+3.0%

—

Working capital & other

(481)

(546)n/m

—

Cash from investing

(1,176)

(321)n/m

—

Investments sold / matured

1−93.1%

—

Other investing

(1,192)

(322)n/m

—

Cash from financing

(377)

(1,329)n/m

—

Debt repaid

(6)

(7)n/m

—

Dividends

(1,019)

(1,046)n/m

—

Buybacks

(38)

(281)n/m

—

Shares issued

5−76.2%

—

Other financing

664

(0.4)−100.1%

—

Net change in cash

(1)−106.5%

—

Where the cash went

FY24 FY25

TTM

Operating cash flow

1,574

1,649+4.8%

1,566

Returned to shareholders

1,058

1,327+25.5%

—

% of free cash flow

—

Dividends

1,019

1,046+2.7%

—

Buybacks

281+629.6%

—

Change in total debt

—

Buyback yield

0.1%

1.2%+1.0 pp

—

Returns & ratios

FY24 FY25

TTM

Debt / equity

0.79x

0.80x+0.01x

—

ROE

9.4%

10.1%+0.8 pp

—

ROA

5.0%

5.4%+0.4 pp

—

Invested capital (all)

19,720

19,814+0.5%

—

Income

Sep '25

Dec '25

Mar '26

Jun '26

Net income

289

382

114

vs year-ago quarter

EPS (diluted, $)

0.76

1.01

0.24

0.30

vs year-ago quarter

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

21,065

20,746

20,517

20,276

Cash & equivalents

Total debt

1,500

8,829

1,500

Shareholders’ equity

11,085

11,041

10,671

10,515

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

477

387

401

302