EQUITY RESIDENTIAL
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 30, 2026
VMRK$65.51+0.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| PAGE | |
|---|---|
| PART I. | |
| Item 1. Financial Statements of Equity Residential: | |
| Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 | 2 |
| Consolidated Statements of Operations and Comprehensive Income for the quarters ended March 31, 2026 and 2025 | 3 |
| Consolidated Statements of Cash Flows for the quarters ended March 31, 2026 and 2025 | 5 |
| Consolidated Statements of Changes in Equity for the quarters ended March 31, 2026 and 2025 | 8 |
| Financial Statements of ERP Operating Limited Partnership: | |
| Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 | 10 |
| Consolidated Statements of Operations and Comprehensive Income for the quarters ended March 31, 2026 and 2025 | 11 |
| Consolidated Statements of Cash Flows for the quarters ended March 31, 2026 and 2025 | 13 |
| Consolidated Statements of Changes in Capital for the quarters ended March 31, 2026 and 2025 | 16 |
| Notes to Consolidated Financial Statements of Equity Residential and ERP Operating Limited Partnership | 18 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 34 |
| Item 3. Quantitative and Qualitative Disclosures about Market Risk | 42 |
| Item 4. Controls and Procedures | 42 |
| PART II. | |
| Item 1. Legal Proceedings | 43 |
| Item 1A. Risk Factors | 43 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 43 |
| Item 3. Defaults Upon Senior Securities | 43 |
| Item 4. Mine Safety Disclosures | 44 |
| Item 5. Other Information | 44 |
| Item 6. Exhibits | 44 |
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands except for share amounts)
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| ASSETS | ||
| Land | $5,573,564 | $5,563,407 |
| Depreciable property | 24,828,057 | 24,705,540 |
| Projects under development | 85,966 | 100,561 |
| Land held for development | 57,919 | 86,341 |
| Investment in real estate | 30,545,506 | 30,455,849 |
| Accumulated depreciation | (11,264,396) | (11,016,900) |
| Investment in real estate, net | 19,281,110 | 19,438,949 |
| Investments in unconsolidated entities | 325,566 | 325,939 |
| Cash and cash equivalents | 34,677 | 55,904 |
| Restricted deposits | 104,432 | 102,950 |
| Right-of-use assets | 452,318 | 454,916 |
| Other assets | 319,050 | 367,365 |
| Total assets | $20,517,153 | $20,746,023 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Mortgage notes payable, net | $1,590,859 | $1,589,904 |
| Notes, net | 6,000,230 | 5,998,458 |
| Line of credit and commercial paper | 748,417 | 586,648 |
| Accounts payable and accrued expenses | 141,575 | 109,165 |
| Accrued interest payable | 52,479 | 73,860 |
| Lease liabilities | 303,813 | 304,575 |
| Other liabilities | 306,187 | 324,616 |
| Security deposits | 82,306 | 82,155 |
| Distributions payable | 269,392 | 267,508 |
| Total liabilities | 9,495,258 | 9,336,889 |
| Commitments and contingencies | ||
| Redeemable Noncontrolling Interests – Operating Partnership | 165,420 | 176,289 |
| Equity: | ||
| Shareholders' equity: | ||
| Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of March 31, 2026 and December 31, 2025 | 17,155 | 17,155 |
| Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 374,674,719 shares issued and outstanding as of March 31, 2026 and 377,806,173 shares issued and outstanding as of December 31, 2025 | 3,747 | 3,778 |
| Paid in capital | 9,846,857 | 9,824,460 |
| Retained earnings | 800,704 | 1,193,931 |
| Accumulated other comprehensive income (loss) | 2,460 | 2,175 |
| Total shareholders’ equity | 10,670,923 | 11,041,499 |
| Noncontrolling Interests: | ||
| Operating Partnership | 187,137 | 192,135 |
| Partially Owned Properties | (1,585) | (789) |
| Total Noncontrolling Interests | 185,552 | 191,346 |
| Total equity | 10,856,475 | 11,232,845 |
| Total liabilities and equity | $20,517,153 | $20,746,023 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.