EQUITY RESIDENTIAL FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | — not reported |
| Gross margin | — not reported |
| Operating income | — not reported |
| Net income | $1.1B |
| Diluted EPS | $2.94 |
| Cash & equivalents | $55.9M |
| Total assets | $20.7B |
| Long-term debt | $8.2B |
Key takeaway
EQR owned 312 apartment properties with 85,190 units across 10 states and D.C. as of December 31, 2025.
🔒 4 more takeaways in the full analysis
Beneath the surface
Net income of $1.12 billion is heavily flattered by a one-time $626.4 million gain on sale of investment real estate, meaning core operating income is materially lower than the headline figure suggests.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for EQR.
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