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Equity Residential Stock Research

EQR

60.13USD-0.88(-1.44%)Market Closed
Watchlist

Market Summary

USD60.13-0.88
Market Closed
-1.44%

EQR Alerts

  • 1 major insider sales recently.
  • Big fall in earnings (Y/Y)

EQR Stock Price

EQR RSI Chart

EQR Valuation

Market Cap

22.8B

Price/Earnings (Trailing)

27.35

Price/Sales (Trailing)

11.3

EV/EBITDA

11.34

Price/Free Cashflow

15.09

EQR Price/Sales (Trailing)

EQR Profitability

EBT Margin

48.54%

Return on Equity

8.24%

Return on Assets

4.57%

Free Cashflow Yield

6.62%

EQR Fundamentals

EQR Revenue

Revenue (TTM)

2.0B

Revenue Y/Y

4.41%

Revenue Q/Q

615.81%

EQR Earnings

Earnings (TTM)

833.3M

Earnings Y/Y

-37.88%

Earnings Q/Q

-34.35%

Price Action

52 Week Range

54.6070.11
(Low)(High)

Last 7 days

-4.8%

Last 30 days

-6.3%

Last 90 days

-3.6%

Trailing 12 Months

-11.8%

EQR Financial Health

EQR Investor Care

Shares Dilution (1Y)

0.77%

Diluted EPS (TTM)

2.21

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for EQR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-14
Kaufman Ian
acquired
1,598
55.11
29.00
chief accounting officer
2023-08-11
Manelis Michael L
sold
-165,100
66.04
-2,500
executive vice president & coo
2023-06-15
NEAL JOHN E
acquired
-
-
1,431
-
2023-06-15
BYNOE LINDA
acquired
-
-
2,863
-
2023-06-15
SHAPIRO MARK S
acquired
-
-
2,863
-
2023-06-15
HABEN MARY KAY
acquired
-
-
2,863
-
2023-06-15
STERRETT STEPHEN E
acquired
-
-
2,863
-
2023-06-05
BYNOE LINDA
acquired
161,327
48.1
3,354
-
2023-05-15
Kaufman Ian
acquired
1,605
51.8
31.00
chief accounting officer
2023-05-04
SHAPIRO MARK S
sold
-2,627,080
61.9083
-42,435
-

1–10 of 50

Which funds bought or sold EQR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Jefferies Group LLC
added
75.82
1,285,920
3,306,350
0.03%
2023-09-21
Baystate Wealth Management LLC
added
2.17
314
3,128
-%
2023-09-20
BARCLAYS PLC
added
68.39
18,959,000
41,233,000
0.03%
2023-09-12
Farther Finance Advisors, LLC
added
207
27,882
39,582
0.01%
2023-08-24
Alberta Investment Management Corp
unchanged
-
467,212
5,162,810
0.05%
2023-08-23
WOLVERINE TRADING, LLC
added
17.58
316,905
1,323,900
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
added
32.72
3,410,630
10,836,200
0.10%
2023-08-21
OSAIC HOLDINGS, INC.
added
7.76
272,019
1,740,920
-%
2023-08-21
BOKF, NA
reduced
-1.93
95,426
1,314,390
0.03%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-1.4
157,000
2,023,000
0.02%

1–10 of 46

Latest Funds Activity

Are funds buying EQR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own EQR
No. of Funds

Schedule 13G FIlings of Equity Residential

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
4.4%
16,647,643
SC 13G/A
Feb 14, 2023
norges bank
8.17%
30,886,593
SC 13G/A
Feb 09, 2023
vanguard group inc
15.25%
57,630,717
SC 13G/A
Feb 08, 2023
state street corp
6.30%
23,813,619
SC 13G/A
Jan 31, 2023
blackrock inc.
10.7%
40,577,530
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
6.0%
22,793,532
SC 13G
Feb 11, 2022
state street corp
6.23%
23,380,170
SC 13G/A
Feb 10, 2022
vanguard group inc
15.01%
56,289,336
SC 13G/A
Feb 08, 2022
norges bank
8.04%
30,158,685
SC 13G/A
Jan 27, 2022
blackrock inc.
10.4%
39,022,849
SC 13G/A

Recent SEC filings of Equity Residential

View All Filings
Date Filed Form Type Document
Sep 15, 2023
144
Notice of Insider Sale Intent
Sep 06, 2023
8-K
Current Report
Aug 24, 2023
4
Insider Trading
Aug 16, 2023
4
Insider Trading
Aug 15, 2023
4
Insider Trading
Aug 11, 2023
144
Notice of Insider Sale Intent
Aug 02, 2023
10-Q
Quarterly Report
Jul 27, 2023
8-K
Current Report
Jun 20, 2023
4
Insider Trading
Jun 20, 2023
8-K
Current Report

EQR Fair Value

Loading...

Peers (Alternatives to Equity Residential)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
36.9B
5.1B
-2.01% 17.36%
86.19
7.19
13.73% -68.04%
22.8B
2.0B
-6.30% -11.85%
27.35
11.3
-22.97% -33.54%
20.0B
2.7B
-13.66% -28.12%
26.64
7.46
15.16% 88.51%
11.0B
1.8B
-6.40% -7.72%
27.11
6.23
6.75% -42.80%
MID-CAP
7.6B
1.1B
-5.28% 2.70%
19.53
6.84
8.31% 38.10%
4.7B
820.5M
-1.92% 22.31%
167.75
5.74
29.95% 125.56%
4.3B
1.8B
1.49% -8.17%
-11.49
2.34
5.60% -286.96%
2.4B
866.2M
1.07% 40.86%
-27.99
2.82
0.51% -335.26%
SMALL-CAP
2.4B
882.0M
5.01% -4.95%
-5.46
2.74
11.76% -239.94%
2.4B
426.3M
-1.96% 60.49%
25.05
5.56
1.38% 137.97%
1.0B
732.3M
-3.86% -29.19%
-12.06
1.4
-0.03% -4012.90%
1.0B
339.3M
-11.18% -12.50%
-5.75
2.99
88.48% -168.70%

Equity Residential News

MarketWatch
Equity Residential stock falls Friday, underperforms market.
MarketWatch,
9 hours ago

Returns for EQR

Cumulative Returns on EQR

5.7%


10-Year Cumulative Returns

1.9%


7-Year Cumulative Returns

0.3%


5-Year Cumulative Returns

7.2%


3-Year Cumulative Returns

Risks for EQR

What is the probability of a big loss on EQR?

51.1%


Probability that Equity Residential stock will be more than 20% underwater in next one year

32.7%


Probability that Equity Residential stock will be more than 30% underwater in next one year.

6.2%


Probability that Equity Residential stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does EQR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Equity Residential was unfortunately bought at previous high price.

Drawdowns

Financials for Equity Residential

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q32022Q22022Q12021Q32021Q22021Q12020Q42020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q12017Q42017Q3
Revenue2.0%2,0171,9762,7142,6182,4992,4252,3911,484532-532-7.064483483162862572,5562,5282,5002,4714,500
Costs and Expenses0.7%1,9411,9281,9371,9251,8851,8091,7831,7791,7861,8101,8081,7921,7721,7521,7361,7191,7001,6791,6591,6221,589
  S&GA Expenses4.3%60.0058.0060.0060.0058.0054.0052.0049.0048.0049.0052.0053.0054.0055.0053.0054.0053.0053.0054.0052.0051.00
EBITDA-100.0%-2,1042,3842,4942,5602,2071,8521,0071,2971,5371,5441,330---------
EBITDA Margin-100.0%-1.06*0.88*0.95*1.02*0.91*0.76*0.41*0.50*0.57*0.57*0.49*0.43*--------
Interest Expenses-2.3%270277287283278319332347365354381390382407392413417397394384385
Earnings Before Taxes-9.1%8729591,2071,3201,4141,0697166619321,1831,163939763711577689838741739613471
EBT Margin-100.0%-0.49*0.44*0.50*0.56*0.44*0.29*0.27*0.36*0.44*0.43*0.35*0.29*--------
Net Income-9.2%8339181,1451,2541,3461,0597186639141,1261,174970798746550658666589672603755
Net Income Margin-100.0%-0.46*0.42*0.48*0.53*0.44*0.30*0.27*0.36*0.42*0.43*0.36*0.30*--------
Free Cashflow-100.0%-1,4801,4021,3751,2821,2091,2071,2291,2661,4011,4661,457---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.2%20,14620,10320,21820,26520,57420,83021,16920,66320,46420,16920,28720,62420,71520,91921,17321,05420,99120,76920,39420,54220,407
    Cash Equivalents-73.2%36.0013354.0045.0045.0041.0012440.0039.0035.0043.0017818782.0046.0029.0025129.0047.0033.0035.00
Liabilities1.6%8,5648,4338,5178,6339,0719,3009,4839,3299,3829,2079,1849,5769,5419,79510,16510,15210,17510,0709,6159,6949,600
Shareholder's Equity-1.0%11,02411,13711,17311,04510,89010,81410,95510,66310,43410,31510,52610,51710,59810,53010,31610,18310,15410,04710,17310,23510,208
  Retained Earnings-7.0%1,5061,6191,6591,7371,6501,6621,8271,5271,3221,2321,4001,3721,5061,4701,3861,3081,2531,1551,2621,3451,330
  Additional Paid-In Capital-0.2%9,4739,4889,4769,2679,2309,1439,1219,1319,1109,0839,1299,1669,1189,0928,9668,9178,9508,9268,9358,9008,905
Shares Outstanding0.0%379379378376376376376375374373372372372372372371371370369368368
Minority Interest-3.1%203209209217215221232211208237238237240240229224226220226232231
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations2.0%1,5101,4801,4551,4021,3751,2821,2601,2091,2071,2291,2661,3971,4011,4661,4571,4061,3621,3691,3561,3401,392
  Share Based Compensation8.2%32.0029.0030.0030.0030.0028.0028.0027.0026.0024.0023.0022.0021.0022.0024.0026.0027.0027.0027.0027.0027.00
Cashflow From Investing-133.9%-118349108118-424-505-434-62.4643.00271664303163-158-771-766-661-871-376-347-633
Cashflow From Financing19.5%-1,385-1,721-1,785-1,625-1,224-763-565-1,155-1,102-1,543-1,946-1,549-1,627-1,259-684-644-479-498-963-997-982
  Dividend Payments1.7%958942932923913903900899897897884870857843831819808796782768754

EQR Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES    
Rental income$ 717,309$ 687,030$ 1,422,397$ 1,340,378
EXPENSES    
Property and maintenance124,771116,355262,350241,229
Real estate taxes and insurance103,080101,850209,749202,538
Property management30,67926,55962,14557,306
General and administrative18,87616,42335,04133,661
Depreciation221,355223,806437,185453,767
Total expenses498,761484,9931,006,470988,501
Net gain (loss) on sales of real estate properties(87)107,897100,122107,795
Operating income218,461309,934516,049459,672
Interest and other income2,1315963,6694,124
Other expenses(6,564)(2,380)(15,559)(5,436)
Interest:    
Expense incurred, net(65,590)(71,889)(131,991)(144,681)
Amortization of deferred financing costs(2,017)(2,124)(3,996)(4,201)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels146,421234,137368,172309,478
Income and other tax (expense) benefit(336)(291)(634)(573)
Income (loss) from investments in unconsolidated entities(1,223)(1,168)(2,605)(2,429)
Net income144,862232,678364,933306,476
Net (income) loss attributable to Noncontrolling Interests:    
Operating Partnership(4,554)(7,633)(11,613)(10,027)
Partially Owned Properties(1,105)(944)(2,082)(1,583)
Net income attributable to controlling interests139,203224,101351,238294,866
Preferred distributions(773)(773)(1,545)(1,545)
Net income available to Common Shares$ 138,430$ 223,328$ 349,693$ 293,321
Earnings per share – basic:    
Net income available to Common Shares$ 0.37$ 0.59$ 0.92$ 0.78
Weighted average Common Shares outstanding378,642375,769378,492375,640
Earnings per share – diluted:    
Net income available to Common Shares$ 0.37$ 0.59$ 0.92$ 0.78
Weighted average Common Shares outstanding391,187389,363391,063389,463

EQR Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS  
Land$ 5,579,211$ 5,580,878
Depreciable property22,697,59722,334,369
Projects under development50,916112,940
Land held for development61,33460,567
Investment in real estate28,389,05828,088,754
Accumulated depreciation(9,428,549)(9,027,850)
Investment in real estate, net18,960,50919,060,904
Investments in unconsolidated entities304,710279,024
Cash and cash equivalents35,70153,869
Restricted deposits88,94183,303
Right-of-use assets463,704462,956
Other assets292,164278,206
Total assets20,145,72920,218,262
Liabilities:  
Mortgage notes payable, net1,913,0691,953,438
Notes, net5,345,3735,342,329
Line of credit and commercial paper184,474129,955
Accounts payable and accrued expenses118,31696,028
Accrued interest payable66,23866,310
Lease liabilities313,866308,748
Other liabilities294,263306,941
Security deposits69,42768,940
Distributions payable258,841244,621
Total liabilities8,563,8678,517,310
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership355,319318,273
Shareholders' equity:  
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of June 30, 2023 and December 31, 202237,28037,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 379,032,722 shares issued and outstanding as of June 30, 2023 and 378,429,708 shares issued and outstanding as of December 31, 20223,7903,784
Paid in capital9,472,6289,476,085
Retained earnings1,506,4601,658,837
Accumulated other comprehensive income (loss)3,708(2,547)
Total shareholders’ equity11,023,86611,173,439
Noncontrolling Interests:  
Operating Partnership207,405209,961
Partially Owned Properties(4,728)(721)
Total Noncontrolling Interests202,677209,240
Total equity11,226,54311,382,679
Total liabilities and equity$ 20,145,729$ 20,218,262
Mark J. Parrell
2400
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.