Expense management continues to remain a core strength of EQR as we leverage our scale and operating platform to deliver controllable expense growth at inflationary or sub-inflationary levels as we did in 2025.

Feb 6, 2026 / receipt, needs a key / Brett McLeod, CFO | earnings call 2026-02-06 | transcript 7913799e-663b-42fd-b0ae-6e0ecaee3eff | chars 16033-16243 | segment 16

General and administrative expense $60.0M to $64.0M

ir_statement / Sep 15, 2026 / receipt

The Company introduced same store full year 2025 expense growth guidance of 3.50% to 4.50%. Growth will likely be higher than 2024 due to initiative spending but our disciplined approach to cost manag

ir_statement / Sep 15, 2026 / receipt

The Company introduced same store full year 2025 revenue growth guidance of 2.25% to 3.25%.

ir_statement / Sep 15, 2026 / receipt

Annual same store expense growth was low with full year onsite payroll effectively flat, reflective of our platform’s efficiency and the realization of results from our innovation initiatives.

ir_statement / Sep 15, 2026 / receipt

Same Store Expense (Guidance Range: 3.5% to 4.5%)

ir_statement / Sep 15, 2026 / receipt

General and administrative expense $59.0M to $64.0M

ir_statement / Sep 15, 2026 / receipt

No operating property acquisitions or dispositions are included in 2026 guidance.

ir_statement / Sep 15, 2026 / receipt

Same store expense growth guidance for 2026 is 3.0% to 4.0%.

ir_statement / Sep 15, 2026 / receipt

The Company introduced initial same-store, full-year 2026 guidance that is predicated on the following:

ir_statement / Sep 15, 2026 / receipt

The Company utilizes its best-in-class operating platform to drive controllable expenses at inflationary, or sub-inflationary, levels.

ir_statement / Sep 15, 2026 / receipt

Connectivity expense will add approximately $6.8 million of incremental expense in 2026.

ir_statement / Sep 15, 2026 / receipt

Same Store Expense (Guidance Range: 3.0% to 4.0%)

ir_statement / Sep 15, 2026 / receipt