Equity Residential (LTS:0IIB) Long-Term Capital Lease Obligation : $310 Mil (As of Mar. 2024)

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What is Equity Residential Long-Term Capital Lease Obligation?

Equity Residential's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $310 Mil.

Equity Residential's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($313 Mil) to Dec. 2023 ($312 Mil) and declined from Dec. 2023 ($312 Mil) to Mar. 2024 ($310 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 Long-Term Capital Lease Obligation Chart

Equity Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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331.33

329.13

312.34

308.75

311.64

Equity Residential Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															314.85	313.87	312.78	311.64	310.42

Equity Residential (LTS:0IIB) 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 (LTS:0IIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Residential (LTS:0IIB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EQR:USA 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.

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