Name | Value |
---|---|
Revenues | 717.3M |
Cost of Revenue | 258.5M |
Gross Profit | 458.8M |
Operating Expense | 240.2M |
Operating I/L | 218.5M |
Other Income/Expense | -72.1M |
Interest Income | 2.1M |
Pretax | 146.4M |
Income Tax Expense | 0.3M |
Net Income/Loss | 139.2M |
Equity Residential, a member of the S&P 500, is dedicated to acquiring, developing, and managing residential properties in vibrant cities to attract high-quality, long-term renters. With 305 properties and 78,568 apartment units in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California, and Denver, the company focuses on creating thriving communities. Their primary source of revenue comes from rental income and property appreciation, as they cater to the demand for quality housing in dynamic urban areas.