Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $1,318 | $1,676 | $1,116 | $1,161 | N/A |
| Net Income | $914 | $1,333 | $777 | $835 | $1,036 |
Over the evaluated period, the income statement data for Equity Residential reveals notable swings in profitability. Operating income peaked in 2021 at approximately US$1,676 million, representing a substantial rise from US$1,318 million in 2020. However, this performance was not sustained, as operating income fell sharply by roughly 33% to US$1,116 million in 2022, and, despite a modest recovery to US$1,161 million in 2023, the trend remains volatile. Similarly, net income reached its highest point in 2021 at about US$1,333 million before experiencing a significant decline of over 40% to US$777 million in 2022. Although there was some rebound in 2023 to US$835 million, 2024 saw net income climb again to approximately US$1,036 million, suggesting that profitability may be recovering despite fluctuations in operating performance. Notably, the consistent zero entries for revenue and gross profit throughout the period indicate that the typical income line items might be reported differently for Equity Residential, a leading real estate investment trust (REIT) that primarily focuses on apartment communities. The substantial year-over-year declines from 2021 to 2022 in both operating and net income could be driven by a combination of changing market conditions, adjustments in property management strategies, or broader economic factors affecting the real estate sector. Overall, while the volatility in operating income and net income raises concerns about short-term performance variability, the recovery in net income towards 2024 suggests a potential stabilization. This pattern indicates that Equity Residential maintains an underlying resilience, although investors may want to monitor future performance to ascertain the sustainability of these gains in a dynamic market environment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.