For the year ending 2025-12-31, EQR had -$1,312K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 1,151,949 | 1,070,975 | 868,488 | 806,995 |
| Depreciation | 1,010,400 | 952,191 | 888,709 | 882,168 |
| Amortization of deferred financing costs | 8,768 | 7,834 | 8,941 | 8,729 |
| Amortization of discounts and premiums on debt | 5,268 | 5,151 | 4,091 | 5,004 |
| Amortization of deferred settlements on derivative instruments | 1,499 | 2,488 | 3,725 | 11,059 |
| Amortization of right-of-use assets | 12,835 | 14,548 | 12,795 | 12,157 |
| Write-off of pursuit costs | 7,735 | 5,155 | 3,647 | 4,780 |
| (income) loss from investments in unconsolidated entities | -18,915 | -8,974 | -5,378 | -5,031 |
| Distributions from unconsolidated entities return on capital | 4,540 | 555 | 559 | 398 |
| Net (gain) loss on sales of real estate properties | 626,388 | 546,797 | 282,539 | 304,325 |
| Net (gain) loss on sales of land parcels | -80 | - | - | - |
| Realized (gain) loss on investment securities | -51 | -1,992 | 1,504 | 2,061 |
| Unrealized (gain) loss on investment securities | 25,399 | 19,880 | 13,466 | - |
| Compensation paid with company common shares | 32,210 | 31,287 | 31,815 | 29,513 |
| (increase) decrease in other assets | 8,745 | 11,813 | 10,203 | -10,893 |
| Increase (decrease) in accounts payable and accrued expenses | 15,368 | 3,249 | 8,911 | -266 |
| Increase (decrease) in accrued interest payable | -316 | 8,460 | -594 | -3,200 |
| Increase (decrease) in lease liabilities | -2,256 | -3,863 | -1,551 | -1,524 |
| Increase (decrease) in other liabilities | 36,185 | 36,668 | 5,358 | -13,394 |
| Increase (decrease) in security deposits | 6,064 | 6,433 | 238 | 2,799 |
| Net cash provided by operating activities | 1,648,763 | 1,573,607 | 1,532,798 | 1,454,756 |
| Investment in real estate acquisitions | 661,594 | 1,595,100 | 324,497 | 113,046 |
| Investment in real estate development/other | 111,808 | 129,822 | 78,197 | 109,345 |
| Capital expenditures to real estate | 342,040 | 301,434 | 319,342 | 221,086 |
| Non-real estate capital additions | 4,583 | 2,766 | 1,851 | 4,050 |
| Interest capitalized for real estate and unconsolidated entities under development | 12,436 | 14,489 | 12,347 | 7,105 |
| Proceeds from disposition of real estate, net | 1,107,259 | 960,398 | 374,018 | 720,302 |
| Investments in unconsolidated entities acquisitions | - | 31,286 | 2,800 | 49,855 |
| Investments in unconsolidated entities - development/other | 85,789 | 78,435 | 47,180 | 109,846 |
| Distributions from unconsolidated entities return of capital | 13,880 | 1,409 | 42 | 300 |
| Purchase of investment securities and other investments | 250 | - | 2,500 | 2,061 |
| Proceeds from sale of investment securities | 1,040 | 15,041 | 3,042 | 3,584 |
| Mortgage receivables from unconsolidated entities - issuances | 102,290 | - | - | - |
| Mortgage receivables from unconsolidated entities - repayments | 45,535 | - | - | - |
| Consolidation of previously unconsolidated entities | -168,286 | - | 2,108 | - |
| Net cash provided by (used for) investing activities | -321,362 | -1,176,484 | -409,504 | 107,792 |
| Debt financing costs | 13,874 | 5,307 | 4,106 | 9,894 |
| Proceeds | - | - | 572,896 | 48,054 |
| Lump sum payoffs | 37,940 | - | 932,598 | 286,461 |
| Scheduled principal repayments | 6,800 | 6,100 | 3,354 | 3,392 |
| Proceeds | 498,580 | 597,954 | - | - |
| Line of credit proceeds | - | 392,000 | - | - |
| Line of credit repayments | - | 392,000 | - | - |
| Lump sum payoffs | 450,000 | - | - | 500,000 |
| Commercial paper proceeds | 47,905,339 | 33,116,303 | 6,124,068 | 6,036,083 |
| Commercial paper repayments | 47,862,370 | 32,981,755 | 5,844,892 | 6,221,158 |
| Proceeds from (payments on) settlement of derivative instruments | 3,550 | 3,989 | -25,169 | - |
| Finance ground lease principal payments | 2,946 | 2,880 | 2,662 | 2,463 |
| Proceeds from employee share purchase plan (espp) | 2,745 | 3,522 | 3,517 | 4,178 |
| Proceeds from exercise of options | 5,474 | 23,000 | 23,632 | 25,069 |
| Common shares repurchased and retired | 280,720 | 38,474 | 49,105 | - |
| Redemption of preferred shares | - | 20,125 | - | - |
| Premium on redemption of preferred shares | - | 1,444 | - | - |
| Payment of offering costs | 763 | - | - | 783 |
| Other financing activities, net | -105 | -94 | -75 | -63 |
| Acquisition of noncontrolling interests - partially owned properties | - | 3,129 | - | - |
| Contributions noncontrolling interests partially owned properties | - | 583 | 9 | 603 |
| Contributions noncontrolling interests operating partnership | 5 | 2 | 1 | 1 |
| Common shares | 1,046,247 | 1,019,050 | 990,148 | 931,783 |
| Preferred shares | 1,422 | 2,386 | 3,090 | 2,318 |
| Noncontrolling interests operating partnership | 29,698 | 30,419 | 30,253 | 30,324 |
| Noncontrolling interests partially owned properties | 4,421 | 3,164 | 5,743 | 18,406 |
| Net cash provided by (used for) financing activities | -1,328,713 | -376,952 | -1,120,471 | -1,785,612 |
| Net increase (decrease) in cash and cash equivalents and restricted deposits | -1,312 | 20,171 | 2,823 | -223,064 |
| Cash and cash equivalents at beginning of period | 160,166 | 139,995 | 137,172 | 360,236 |
| Cash and cash equivalents at end of period | 158,854 | 160,166 | 139,995 | 137,172 |
EQUITY RESIDENTIAL (EQR)
EQUITY RESIDENTIAL (EQR)