Equity Residential
-1.22 %
12.49 %
Yet to be announced
Company Overview
Equity Residential is committed to creating communities where people thrive. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units. The Company is a member of the S&P 500.
Revenue Sources
PassBased on the company's financial reports and business model, Equity Residential generates its revenue primarily from apartment rentals and related services. The company does not derive income from prohibited sources such as alcohol, gambling, pork products, or other haram activities. Their core business of providing residential housing is halal.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $748.35m | $599.92m | - | $74.67m | 0.00% | 12.45% |
| June 30, 2024 | $734.16m | $536.55m | - | $67.75m | 0.00% | 12.63% |
| March 31, 2024 | $730.82m | $401.38m | - | $69.13m | 0.00% | 17.22% |
| Dec. 31, 2023 | $727.5m | $405.59m | - | $70.59m | 0.00% | 17.40% |
Looking at the last four quarters, the interest expense to total expense ratios were: 12.4% for Q3 2024, 12.6% for Q2 2024, 17.2% for Q1 2024, and 17.4% for Q4 2023. The interest expense consistently exceeds 5% of total expenses across all quarters, indicating that interest plays a material role in the company's operations.
Operational Ethics
PassAfter reviewing available information, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are concentrated in major U.S. markets with no direct presence or significant business relationships in Israel or with the Chinese Communist Party.
Login to join the discussion