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EQR

61.97USD+0.27(+0.44%)Delayedas of 07 Dec 2022, 03:56 pm

Equity Residential

Market Summary

USD61.97+0.27Delayedas of 07 Dec 2022, 03:56 pm
0.44%

EQR Stock Price

RSI Chart

Valuation

Market Cap

23.7B

Price/Earnings

20.74

Price/Sales

8.86

Price/Cashflow

16.94

MarketCap/EBT

19.67

Price/Sales

Profitability

EBT Margin

45.04%

Return on Equity

10.37%

Return on Assets

5.65%

Fundamentals

Revenue

Revenue (TTM)

2.7B

Revenue Y/Y

11.54%

Revenue Q/Q

1.17%

Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-25.22%

Earnings Q/Q

44.14%

Price Action

52 Week Range

59.3292.66
(Low)(High)

Last 7 days

-3.0%

Last 30 days

0.7%

Last 90 days

-18.3%

Trailing 12 Months

-26.1%

Financial Health

Debt/Equity

0.77

Debt/Cashflow

0.16

Investor Care

Dividend Yield

2.97%

Shares Dilution (1Y)

0.31%

Diluted EPS (TTM)

3.04

Peers (Alternatives to Equity Residential)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
3.8B
4.05% -9.82%
24.01
14.3
23.77% 170.44%
36.1B
5.2B
2.33% -19.47%
14.04
7.05
10.93% 41.97%
29.1B
4.5B
11.66% -32.89%
21.77
6.46
5.62% 106.20%
23.9B
-
0.40% -26.92%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
0.72% -26.09%
20.74
8.86
60.22% 8.14%
13.1B
1.7B
3.13% -3.30%
50.71
7.62
40.37% -73.28%
MID-CAP
7.3B
1.0B
1.56% -14.60%
26.1
7.17
14.39% 59.45%
4.6B
392.5M
-4.84% -43.84%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
4.55% 7.71%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
-8.04% -48.19%
8.02
3.21
-9.94% -109.68%
2.4B
861.8M
3.76% -30.83%
63.8
2.74
9.59% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
1.02% -4.14%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-14.57% -34.08%
538.82
1.96
2.16% 107.41%
1.2B
195.1M
7.32% 4.54%
5
3.44
20.60% 695.00%

Financials for Equity Residential

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q32021Q2
Revenue3.7%2,7142,6182,0001,694895
  S&GA Expenses0.6%60605854
Earnings Before Taxes-8.5%1,2071,3201,4141,069
Net Income-8.7%1,1451,2541,3461,059
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-1.5%20,26520,57420,83021,16920,663
    Cash Equivalents-0.5%45454112440
Liabilities-4.8%8,6339,0719,3009,4839,329
  Long Term Debt-8,421----
Shareholder's Equity1.4%11,04510,89010,81410,95510,663
  Retained Earnings5.3%1,7371,6501,6621,8271,527
  Additional Paid-In Capital0.4%9,2679,2309,1439,1219,131
Shares Outstanding0.0%376376376376375
Minority Interest1.1%217215221232211
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations2.0%1,4021,3751,2821,2601,209
  Share Based Compensation0.4%3030282827
Cashflow From Investing127.9%118-424.60-505.31-434.62-62.46
Cashflow From Financing-32.8%-1,625.79-1,224.18-763.01-565.06-1,155.43
  Dividend Payments1.0%923913903900899

Risks

What is the probability of a big loss on EQR?

36.1%


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

25.4%


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.

Returns

Cumulative Returns on EQR

6.2%


10-Year Cumulative Returns

2.1%


7-Year Cumulative Returns

2.3%


5-Year Cumulative Returns

-6.8%


3-Year Cumulative Returns

What are the long-term rolling returns for EQR?

FIve years rolling returns for Equity Residential.

Which funds bought or sold EQR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
562,000
562,000
0.58%
2022-11-23
Toroso Investments, LLC
ADDED
7.39
-1,000
2,158,000
0.09%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
2,091,000
2,091,000
0.03%
2022-11-22
CVA Family Office, LLC
ADDED
84
19,000
46,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.17
-3,500,000
40,166,000
0.07%
2022-11-21
FourThought Financial, LLC
ADDED
11.5
1,000
15,000
-%
2022-11-18
National Pension Service
REDUCED
-0.07
-3,058,000
33,457,000
0.07%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-2,000
36,000
-%
2022-11-17
M&T Bank Corp
ADDED
1.07
-174,000
2,845,000
0.01%
2022-11-16
Kentucky Retirement Systems
ADDED
4.33
-53,000
1,781,000
0.08%

1–10 of 46

Latest Funds Activity

Are funds buying EQR calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own EQR

Equity Residential News

MarketWatch

Mid-America Apartment Communities Inc. stock falls Tuesday, still outperforms market.22 hours ago

EQR Fair Value

Recent SEC filings of Equity Residential

View All Filings
Date Filed Form Type Document
Nov 16, 2022
4
Insider Trading
Oct 28, 2022
10-Q
Quarterly Report
Oct 27, 2022
8-K
Current Report
Oct 25, 2022
8-K
Current Report

Latest Insider Trading transactions for EQR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-14
Kaufman Ian
ACQUIRED
1,831.55
52.33
35
Chief Accounting Officer
2022-08-16
Fenster Scott
SOLD
-157,099
80.03
-1,963
EVP & General Counsel
2022-08-16
Fenster Scott
ACQUIRED
91,711.4
46.72
1,963
EVP & General Counsel
2022-08-15
Manelis Michael L
ACQUIRED
624,750
62.475
10,000
Executive Vice President & COO
2022-08-15
Fenster Scott
ACQUIRED
84,096
46.72
1,800
EVP & General Counsel
2022-08-15
Fenster Scott
SOLD
-144,000
80
-1,800
EVP & General Counsel
2022-08-15
Garechana Robert
ACQUIRED
1,167,310
69.0923
16,895
EVP & Chief Financial Officer
2022-08-15
Manelis Michael L
SOLD
-800,470
80.047
-10,000
Executive Vice President & COO
2022-08-15
Garechana Robert
SOLD
-1,351,600
80
-16,895
EVP & Chief Financial Officer
2022-08-15
Kaufman Ian
ACQUIRED
1,546.8
64.45
24
Chief Accounting Officer

1–10 of 50

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.

EQR Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES    
Rental income$ 695,099$ 623,206$ 2,035,477$ 1,818,867
EXPENSES    
Property and maintenance124,048116,461365,277341,261
Real estate taxes and insurance100,36196,909302,899297,780
Property management25,72923,77283,03574,357
General and administrative13,37213,04147,03343,102
Depreciation214,129215,397667,896616,032
Total expenses477,639465,5801,466,1401,372,532
Net gain (loss) on sales of real estate properties196,551363,928304,346587,623
Operating income414,011521,554873,6831,033,958
Interest and other income7209734,84425,293
Other expenses(3,755)(3,456)(9,191)(10,908)
Interest:    
Expense incurred, net(72,412)(68,251)(217,093)(202,733)
Amortization of deferred financing costs(2,220)(2,048)(6,421)(6,172)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels336,344448,772645,822839,438
Income and other tax (expense) benefit(152)(284)(725)(679)
Income (loss) from investments in unconsolidated entities(1,027)(1,156)(3,456)(3,028)
Net gain (loss) on sales of land parcels   5
Net income335,165447,332641,641835,736
Net (income) loss attributable to Noncontrolling Interests:    
Operating Partnership(10,997)(14,847)(21,024)(27,903)
Partially Owned Properties(1,143)(534)(2,726)(1,957)
Net income attributable to controlling interests323,025431,951617,891805,876
Preferred distributions(773)(773)(2,318)(2,318)
Net income available to Common Shares$ 322,252$ 431,178$ 615,573$ 803,558
Earnings per share – basic:    
Net income available to Common Shares$ 0.86$ 1.15$ 1.64$ 2.15
Weighted average Common Shares outstanding375,850374,308375,710373,474
Earnings per share – diluted:    
Net income available to Common Shares$ 0.86$ 1.15$ 1.63$ 2.14
Weighted average Common Shares outstanding389,300388,374389,394387,642

EQR Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS  
Land$ 5,580,878$ 5,814,790
Depreciable property22,251,67322,370,811
Projects under development89,34724,307
Land held for development60,16562,998
Investment in real estate27,982,06328,272,906
Accumulated depreciation(8,813,578)(8,354,282)
Investment in real estate, net19,168,48519,918,624
Investments in unconsolidated entities256,311127,448
Cash and cash equivalents44,788123,832
Restricted deposits76,679236,404
Right-of-use assets465,814474,713
Other assets253,328288,220
Total assets20,265,40521,169,241
Liabilities:  
Mortgage notes payable, net1,967,8272,191,201
Notes, net5,340,8075,835,222
Line of credit and commercial paper189,557315,030
Accounts payable and accrued expenses175,843107,013
Accrued interest payable49,65269,510
Lease liabilities309,548312,335
Other liabilities287,955353,102
Security deposits69,24766,141
Distributions payable242,695233,502
Total liabilities8,633,1319,483,056
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership370,537498,977
Shareholders' equity:  
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of September 30, 2022 and December 31, 202137,28037,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 376,169,253 shares issued and outstanding as of September 30, 2022 and 375,527,195 shares issued and outstanding as of December 31, 20213,7623,755
Paid in capital9,267,4509,121,122
Retained earnings1,737,1071,827,063
Accumulated other comprehensive income (loss)(872)(34,272)
Total shareholders’ equity11,044,72710,954,948
Noncontrolling Interests:  
Operating Partnership218,577214,094
Partially Owned Properties(1,567)18,166
Total Noncontrolling Interests217,010232,260
Total equity11,261,73711,187,208
Total liabilities and equity$ 20,265,405$ 21,169,241