EQR at a glance
Equity Residential (EQR, SEC CIK 906107) filed its latest 10-K annual report on February 13, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 17, 2026 and Form 4 insider filings as recently as September 11, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Equity Residential (EQR) reported revenue of $3.1 billion (up 3.8% from FY2024) and net income of $1.1 billion. Diluted EPS was $2.94.
- As of June 30, 2026, 36 institutional investment managers tracked by SignalX reported holding Equity Residential (EQR) shares worth $13.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Carr Chris on September 9, 2026 of 1,130 shares at $65.28 per share.
- In the last 90 days, EQR insiders reported 0 open-market purchases ($0) and 8 open-market sales ($3.7M) on Form 4, a net sale of $3.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $3.1B
- +3.8% vs prior year
- Insiders · 90 days
- 0 buys · 8 sells
- Net −$3.7M
- 13F holders
- 36 funds
- $13.0B · −1 vs prior quarter
- Latest 8-K
- Sep 17, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Owner and operator of high-quality rental apartment properties in major U.S. coastal and dynamic metro markets
- Emphasis on sustainability and climate resilience programs with dedicated in-house team to mitigate environmental risks in portfolio management
- Strategic focus on balancing urban/suburban portfolio and Established vs Expansion markets, leveraging technology and data analytics for operational efficiency
- Employee engagement at record high 87% with 2,400 employees and comprehensive human capital investments supporting retention and leadership development
- Commitment to robust corporate responsibility integrating environmental metrics, governance, and employee wellbeing into executive compensation
Management Discussion & Analysis
- Revenue $3.09B, up 3.8% YoY; same store rental income $2.82B, up 2.6%, driven by strong demand and modest supply
- NOI $2.08B, up 3.0%; same store NOI margin approx. 67.9% based on $2.82B rental income and $904.9M expenses
- Best segment: San Francisco with 17.0% NOI contribution, average rent $3,448, occupancy 96.9%; worst: Other Expansion Markets with 2.3% NOI, rent $1,875, occupancy 94.9%
- Operating cash flow $1.65B, up $75M; invested $342M in capex; disposed assets for net $1.1B; acquisitions $662M; repurchased 4.53M shares for $280.7M; dividends $1.1B paid in 2025
- Management outlook: solid fundamentals despite macro uncertainty; expects resilient demand due to housing deficit; well-positioned with $1.9B liquidity and strong balance sheet
Risk Factors
- Regulatory risk: expansion of rent control, eviction moratoriums in key coastal markets could restrict rent increases and reduce property values
- Geopolitical/macro risk: supply chain disruptions, tariffs, immigration issues raising construction costs on development projects
- Operational risk: joint ventures may default on capital contributions, forcing the company to cover overruns and increasing leverage risk
- Competitive risk: inability to implement and keep pace with new multifamily technology/amenities may reduce resident retention versus competitors
- Financial risk: rising interest rates increase interest expense and asset cap rates, lowering valuations and impacting refinancing costs
AI summary of the EQR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly rental income $785.0M, up 2.1% YoY from $768.8M
- Quarterly NOI $520.0M, down 0.0% YoY from $520.2M
- Same-store NOI $509.5M, up 1.4% YoY; non-same-store NOI $10.5M, down 40.2%
- Operating cash flow $702.4M, down from $785.1M; $219.4M share repurchases
- $1.8B liquidity; AvalonBay merger expected in second half of 2026 with $2.0B bridge facility undrawn
Risk Factors
- Merger completion risk newly triggered by proposed AvalonBay transaction, requiring shareholder approvals and absence of prohibitive laws or orders
- Termination-fee exposure materially updated, reaching approximately $1.005 billion under specified alternative-proposal scenarios
- Securities litigation risk heightened by merger-related class actions, potentially delaying closing or causing substantial defense costs
- Integration risk from combining two multifamily REIT platforms, including property-management systems, technology, benefits, and corporate cultures
- Financial risk from potential merger refinancing, with insufficient resources possible if debt repayment is required without financing terms acceptable to the combined company
AI summary of the EQR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- Commercial paper capacity increased from $1.5 billion to $2.5 billion
- Expanded short-term funding flexibility for Vivmark Residential’s operating partnership
Item 7.01: Regulation FD Disclosure
- Investor presentation and operating update issued September 15, 2026 for BofA Securities Global Real Estate Conference
- Exhibit 99.1 contains the substantive operating update and presentation materials
Item EX-99.1: Item EX-99.1
- 2026 Same Store Residential revenue outlook set at 2% midpoint, unchanged from legacy AVB and EQR guidance
- Same Store net effective asking rents up 3.6% year over year as of September 11, 2026
Item 7.01: Regulation FD Disclosure
- Senior management participation at Bank of America Global Real Estate Conference on September 9, 2026
- CEO Benjamin W. Schall among presenters, providing potential investor-facing business updates
Item EX-99.1: Item EX-99.1
- Management presentation scheduled for September 16, 2026 at the Bank of America Global Real Estate Conference
- Webcast provides investors an early forum to assess post-merger strategy and integration progress
AI summaries of EQR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for EQR
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| NEITHERCUT DAVID J | G | Sep 9, 2026 | 1,325 | - |
| Carr Chris | Sell | Sep 9, 2026 | 1,130 | $65.28 |
| NEITHERCUT DAVID J | G | Sep 9, 2026 | 1,322 | - |
| NEITHERCUT DAVID J | G | Sep 9, 2026 | 1,325 | - |
| NEITHERCUT DAVID J | G | Sep 9, 2026 | 977 | - |
| NEITHERCUT DAVID J | G | Sep 9, 2026 | 977 | - |
| NEITHERCUT DAVID J | G | Sep 9, 2026 | 1,325 | - |
| NEITHERCUT DAVID J | G | Sep 9, 2026 | 1,325 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $2.9B | $3.0B | $3.1B | |
| Operating Income | $1.2B | - | - | |
| Net Income | $835.4M | $1.0B | $1.1B | |
| Op. Margin | 40.4% | - | - | |
| Net Margin | 29.1% | 34.8% | 36.2% | |
| Balance Sheet | ||||
| Total Assets | $20.0B | $20.8B | $20.7B | |
| Equity | $11.1B | $11.0B | $11.0B | |
| ROE | 7.5% | 9.4% | 10.1% | |
| Per Share | ||||
| EPS | $2.20 | $2.72 | $2.94 | |
| Cash Flow | ||||
| Operating CF | $1.5B | $1.6B | $1.6B | |
Source: XBRL data in Equity Residential (EQR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate EQR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 36 | $12.99B |
| Q1 2026 | 37 | $11.48B |
| Q4 2025 | 35 | $12.17B |
| Q3 2025 | 34 | $12.67B |
| Q2 2025 | 34 | $12.89B |
| Q1 2025 | 31 | $9.35B |
| Q4 2024 | 28 | $8.54B |
| Q3 2024 | 26 | $4.01B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 261 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
EQR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 17, 2026 | - | Analysis | - |
| 8-K | Sep 16, 2026 | - | Analysis | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 8-K | Sep 9, 2026 | - | Analysis | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
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EQR SEC filings: frequently asked questions
Are EQR insiders buying or selling?
In the last 90 days, Equity Residential (EQR) officers, directors and 10% owners reported no open-market purchases and 8 open-market sales worth $3.7 million by 7 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold EQR stock?
As of June 30, 2026, the largest Equity Residential (EQR) holders among the 13F filers tracked by SignalX were BlackRock ($3.1 billion), Vanguard Portfolio Management LLC ($2.1 billion), State Street Corp ($1.6 billion), Vanguard Capital Management LLC ($1.6 billion), T. Rowe Price Group ($1.2 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was EQR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Equity Residential (EQR) reported revenue of $3.1 billion (up 3.8% from FY2024) and net income of $1.1 billion. Diluted EPS was $2.94. The figures come from the XBRL data in the 10-K.
What are the main risks in EQR's latest 10-K?
In the 10-K filed February 13, 2026, Equity Residential (EQR) flagged: Regulatory risk: expansion of rent control, eviction moratoriums in key coastal markets could restrict rent increases and reduce property values. Geopolitical/macro risk: supply chain disruptions, tariffs, immigration issues raising construction costs on development projects. (AI summary of the Risk Factors section.)
What did EQR report in its latest 8-K?
Equity Residential (EQR) filed an 8-K on September 17, 2026 reporting Item 8.01 (Other Events). Commercial paper capacity increased from $1.5 billion to $2.5 billion.
What are the latest EQR SEC filings?
Equity Residential (EQR) filed its latest 10-K annual report on February 13, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 17, 2026 and a Form 4 insider filing on September 11, 2026.
What is EQR's SEC CIK number?
Equity Residential (EQR)'s SEC Central Index Key (CIK) is 906107. EDGAR lists every EQR filing under that number.
Ask anything about EQR
The research agent reads EQR's filings, financials, insider trades and 13F holders, then answers with sources.