Equity Residential (Equity Residential) Long-Term Capital Lease Obligation

: $312 Mil (As of Dec. 2023)

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Equity Residential's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $312 Mil.

Equity Residential's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($314 Mil) to Sep. 2023 ($313 Mil) and declined from Sep. 2023 ($313 Mil) to Dec. 2023 ($312 Mil).

Equity Residential's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($312 Mil) to Dec. 2022 ($309 Mil) but then increased from Dec. 2022 ($309 Mil) to Dec. 2023 ($312 Mil).

Equity Residential Long-Term Capital Lease Obligation Historical Data

The historical data trend for Equity Residential's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equity Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

331.33

329.13

312.34

308.75

311.64

Equity Residential Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																308.75	314.85	313.87	312.78	311.64

Equity Residential (NYSE:EQR) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Equity Residential Long-Term Capital Lease Obligation Related Terms

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Equity Residential (Equity Residential) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Residential (NYSE:EQR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EQR:Germany E1QR34:Brazil

Address

Two North Riverside Plaza, Chicago, IL, USA, 60606

Website

https://www.equityapartments.com

Equity Residential owns a portfolio of 304 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.

Executives

David J Neithercut	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Michael L Manelis	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Mark S Shapiro	director	C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147
Mary Kay Haben	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Catherine Carraway	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 500, CHICAGO IL 60606
Alexander Brackenridge	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Ian Kaufman	officer: Chief Accounting Officer	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Scott Fenster	officer: EVP & General Counsel	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Robert Garechana	officer: EVP & Chief Financial Officer	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Christa L Sorenson	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Linda Bynoe	director	980 N. MICHIGAN AVE, SUITE 1400, CHICAGO IL 60611
Angela M Aman	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Raymond Bennett	director	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Stephen E Sterrett	director	115 W WASHINGTON ST, INDIANAPOLIS IN 46204
Bradley A Keywell	director