EQR - Equity Residential Stock Price, Fair Value and News

64.61USD+1.52 (+2.41%)Market Closed

Market Summary

USD64.61+1.52

Market Closed

2.41%

EQR Stock Price

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EQR RSI Chart

EQR Valuation

Market Cap

24.5B

Price/Earnings (Trailing)

29.36

Price/Sales (Trailing)

1.1K

EV/EBITDA

12.04

Price/Free Cashflow

EQR Price/Sales (Trailing)

EQR Profitability

EBT Margin

3915.93%

Return on Equity

7.54%

Return on Assets

4.17%

Free Cashflow Yield

6.25%

EQR Fundamentals

EQR Revenue

Revenue (TTM)

22.3M

Rev. Growth (Yr)

-86.31%

Rev. Growth (Qtr)

-96.25%

EQR Earnings

Earnings (TTM)

835.4M

Earnings Growth (Yr)

96.01%

Earnings Growth (Qtr)

80.68%

Breaking Down EQR Revenue

Last 7 days

7.0%

Last 30 days

5.0%

Last 90 days

9.8%

Trailing 12 Months

6.8%

How does EQR drawdown profile look like?

EQR Financial Health

EQR Investor Care

Dividend Yield

4.1%

Dividend/Share (TTM)

2.65

Shares Dilution (1Y)

0.25%

Diluted EPS (TTM)

2.2

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
2023	0	0	0	22.3M
2022	0	0	0	0
2021	0	0	0	0
2020	2.7B	2.7B	2.6B	531.8M
2019	2.6B	2.6B	2.7B	2.7B
2018	2.0B	2.0B	2.1B	2.6B
2017	1.4B	1.7B	2.1B	2.0B
2016	5.8B	5.4B	4.9B	4.5B
2015	2.6B	2.7B	2.7B	2.7B
2014	2.5B	2.6B	2.6B	2.6B
2013	1.9B	2.1B	2.2B	2.4B
2012	1.7B	1.8B	1.8B	1.8B
2011	1.7B	1.7B	1.7B	1.7B
2010	1.7B	1.7B	1.7B	1.8B
2009	1.6B	1.5B	1.4B	1.6B
2008	0	1.7B	1.7B	1.6B
2007	0	0	0	1.8B

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

Tracking the Latest Insider Buys and Sells of Equity Residential

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 19, 2024	jones nina p	acquired	-	-	784	-
Mar 19, 2024	hoff ann	acquired	-	-	588	-
Feb 28, 2024	kaufman ian	acquired	7,590	50.6	150	chief accounting officer
Feb 28, 2024	shapiro mark s	acquired	99,985	50.6	1,976	-
Feb 28, 2024	altshuler barry	acquired	99,985	50.6	1,976	executive vice president
Feb 28, 2024	neal john e	acquired	99,985	50.6	1,976	-
Feb 28, 2024	sterrett stephen e	acquired	99,985	50.6	1,976	-
Feb 13, 2024	garechana robert	sold	-50,632	57.8	-876	evp & chief financial officer
Feb 13, 2024	carraway catherine	sold	-16,819	57.8	-291	evp & chro
Feb 13, 2024	kaufman ian	sold	-41,384	57.8	-716	chief accounting officer

Which funds bought or sold EQR recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	DUNCKER STREETT & CO INC	unchanged	-	683	22,089	-%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-3.83	-9,733	1,268,510	0.03%
Apr 23, 2024	Gradient Investments LLC	reduced	-37.25	-1,099	2,020	-%
Apr 23, 2024	TAP Consulting, LLC	added	17.27	608,227	3,503,670	0.77%
Apr 23, 2024	FIFTH THIRD BANCORP	added	7.14	36,619	383,519	-%
Apr 23, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	reduced	-2.25	9,000	1,097,000	0.04%
Apr 23, 2024	Livforsakringsbolaget Skandia, Omsesidigt	unchanged	-	2,253	73,543	0.01%
Apr 23, 2024	WASHINGTON TRUST Co	unchanged	-	195	6,311	-%
Apr 23, 2024	Venturi Wealth Management, LLC	added	30.56	765	2,967	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-16.57	-745,000	4,608,000	0.04%

Are Funds Buying or Selling EQR?

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

Unveiling Equity Residential's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	price t rowe associates inc /md/	5.2%	19,911,042	SC 13G
Feb 13, 2024	norges bank	9.23%	35,045,588	SC 13G/A
Feb 13, 2024	vanguard group inc	15.00%	56,940,042	SC 13G/A
Jan 30, 2024	state street corp	6.64%	25,229,550	SC 13G/A
Jan 24, 2024	blackrock inc.	10.9%	41,535,224	SC 13G/A
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

Recent SEC filings of Equity Residential

View All Filings

Date Filed	Form Type	Document
Apr 23, 2024	8-K	Current Report
Apr 16, 2024	ARS	ARS
Apr 16, 2024	DEF 14A	DEF 14A
Apr 16, 2024	DEFA14A	DEFA14A
Mar 21, 2024	3	Insider Trading
Mar 21, 2024	3	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 19, 2024	8-K	Current Report
Mar 15, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Equity Residential)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.8B	11.1B	-11.38%	-14.09%	59.12	7.25	4.04%	-19.43%
CCI	41.4B	7.0B	-7.81%	-21.93%	27.6	5.94	-0.07%	-10.36%
AVB	27.2B	2.8B	5.15%	11.54%	29.27	9.82	6.73%	-18.30%
ARE	19.9B	3.0B	-5.40%	-0.75%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-1.30%	9.45%	29.79	8.01	7.80%	39.39%
REG	11.0B	1.3B	0.86%	-1.00%	30.18	8.32	8.04%	-24.50%
BXP	9.9B	3.3B	0.05%	25.09%	51.93	3.02	5.31%	-77.32%
MID-CAP
FRT	8.6B	1.1B	4.65%	8.11%	36.29	7.6	5.38%	-38.52%
SLG	3.4B	899.4M	-0.78%	134.94%	-5.99	3.76	-0.45%	-623.11%
MAC	3.4B	884.1M	-6.34%	63.53%	-12.31	3.82	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	441.2M	-0.23%	22.43%	20.04	2.94	4.38%	15.77%
AIV	1.2B	198.2M	0.25%	4.56%	-7.39	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.69%	5.53%	13.61	1.8	25.53%	134.62%
NYMT	647.8M	258.7M	1.57%	-29.28%	-13.31	2.5	0.11%	83.70%
IVR	417.7M	277.9M	-8.88%	-15.98%	-26.34	1.5	44.33%	96.06%

Equity Residential News

Latest updates

Equity Residential Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-100.0%	-	27.00	717	100	148	197	687	653	638	623	598	598	610	622	654	682	684	685	669	662	653
Costs and Expenses	-1.7%	491	499	499	508	457	478	485	504	471	466	445	462	436	440	441	468	453	447	439	453	433
S&GA Expenses	-17.8%	12.00	14.00	19.00	16.00	12.00	13.00	16.00	17.00	13.00	13.00	15.00	15.00	11.00	11.00	12.00	15.00	12.00	11.00	14.00	15.00	12.00
EBITDA Margin	-	90.99*	-	6.84*	7.04*	6.50*	4.80*	3.62*	2.91*	2.34*	0.91*	0.76*	0.73*	0.82*	-	-	-	-	-	-	-	-
Interest Expenses	-0.3%	69.00	69.00	66.00	66.00	66.00	72.00	72.00	73.00	70.00	68.00	67.00	67.00	117	81.00	82.00	86.00	100	86.00	109	95.00	92.00
Income Taxes	-0.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.03	0.00	0.00	0.00	0.00
Earnings Before Taxes	77.3%	324	183	146	222	167	336	234	75.00	562	449	329	62.00	230	96.00	273	334	299	277	253	110	123
EBT Margin	-	39.16*	-	2.97*	3.21*	2.67*	2.43*	1.92*	1.61*	1.31*	0.44*	0.29*	0.27*	0.36*	-	-	-	-	-	-	-	-
Net Income	80.7%	312	173	139	212	159	323	224	71.00	527	432	316	58.00	253	91.00	261	309	301	267	309	105	122
Net Income Margin	-	37.39*	-	2.84*	3.07*	2.55*	2.31*	1.82*	1.53*	1.24*	0.44*	0.30*	0.27*	0.36*	-	-	-	-	-	-	-	-
Free Cashflow	-22.2%	344	443	353	393	335	429	323	368	282	402	230	346	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.4%	20,035	20,109	20,146	20,103	20,218	20,265	20,574	20,830	21,169	20,663	20,464	20,169	20,287	20,624	20,715	20,919	21,173	21,054	20,991	20,769	20,394
Cash Equivalents	29.3%	51.00	39.00	36.00	133	54.00	45.00	45.00	41.00	124	40.00	39.00	35.00	43.00	178	187	82.00	46.00	29.00	251	29.00	47.00
Liabilities	-1.3%	8,456	8,565	8,564	8,433	8,517	8,633	9,071	9,300	9,483	9,329	9,382	9,207	9,184	9,576	9,541	9,795	10,165	10,152	10,175	10,070	9,615
Shareholder's Equity	0.2%	11,086	11,062	37.00	37.00	11,173	4.00	4.00	37.00	1,827	4.00	4.00	37.00	4.00	37.00	9,118	9,092	4.00	37.00	10,154	1,155	37.00
Retained Earnings	0.7%	1,437	1,427	1,506	1,619	1,659	1,737	1,650	1,662	1,827	1,527	1,322	1,232	1,400	1,372	1,506	1,470	1,386	1,308	1,253	1,155	1,262
Additional Paid-In Capital	0.1%	9,602	9,589	9,473	9,488	9,476	9,267	9,230	9,143	9,121	9,131	9,110	9,083	9,129	9,166	9,118	9,092	8,966	8,917	8,950	8,926	8,935
Shares Outstanding	-0.1%	379	380	379	379	378	376	376	376	376	375	374	373	-	-	-	-	-	-	-	-	-
Minority Interest	-0.4%	203	204	207	212	209	-1.57	-1.73	217	18.00	2.00	206	235	233	4.00	5.00	5.00	1.00	226	227	-5.46	229
Float	-	-	-	25,000	-	-	-	26,800	-	-	-	28,500	-	-	-	21,700	-	-	-	27,900	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-22.2%	344,274	442,544	352,701	393,279	334,528	429,354	322,818	368,056	281,971	402,088	230,072	346,053	231,212	399,238	252,635	382,451	362,804	403,407	317,228	373,545	312,104
Share Based Compensation	-20.3%	4,867	6,103	11,801	9,044	4,954	5,959	9,397	9,203	5,891	5,842	7,399	8,678	4,899	4,800	5,631	7,844	3,672	3,995	6,976	9,806	4,862
Cashflow From Investing	129.9%	58,851	-197,076	-315,002	43,723	-135,544	288,671	151,702	-197,037	-125,031	-254,234	70,990	-126,345	247,128	-148,889	299,338	266,009	-113,644	-289,025	-22,120	-347,035	-108,014
Cashflow From Financing	-60.2%	-389,857	-243,383	-132,142	-355,089	-183,279	-715,209	-467,569	-419,555	-23,453	-313,606	-6,397	-221,600	-613,826	-260,668	-447,210	-624,689	-216,757	-339,254	-79,146	-49,317	-176,527
Dividend Payments	0.2%	251,564	251,101	250,922	236,561	235,104	235,074	234,966	226,639	225,937	225,548	224,675	224,308	224,270	224,241	224,188	211,239	210,720	210,448	210,194	199,749	198,938

EQR Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Rental income	$ 2,873,964	$ 2,735,180	$ 2,463,997
EXPENSES
Property and maintenance	514,575	483,865	453,532
Real estate taxes and insurance	412,114	388,412	397,105
Property management	119,804	110,304	98,155
General and administrative	60,716	58,710	56,506
Depreciation	888,709	882,168	838,272
Total expenses	1,995,918	1,923,459	1,843,570
Net gain (loss) on sales of real estate properties	282,539	304,325	1,072,183
Impairment			(16,769)
Operating income	1,160,585	1,116,046	1,675,841
Interest and other income	22,345	2,193	25,666
Other expenses	(29,419)	(13,664)	(19,275)
Interest:
Expense incurred, net	(269,556)	(282,920)	(272,473)
Amortization of deferred financing costs	(8,941)	(8,729)	(8,737)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels	875,014	812,926	1,401,022
Income and other tax (expense) benefit	(1,148)	(900)	(915)
Income (loss) from investments in unconsolidated entities	(5,378)	(5,031)	(3,398)
Net gain (loss) on sales of land parcels			5
Net income	868,488	806,995	1,396,714
Net (income) loss attributable to Noncontrolling Interests:
Operating Partnership	(26,710)	(26,310)	(45,900)
Partially Owned Properties	(6,340)	(3,774)	(17,964)
Net income attributable to controlling interests	835,438	776,911	1,332,850
Preferred distributions	(3,090)	(3,090)	(3,090)
Net income available to Common Shares	$ 832,348	$ 773,821	$ 1,329,760
Earnings per share – basic:
Net income available to Common Shares	$ 2.2	$ 2.06	$ 3.56
Weighted average Common Shares outstanding	378,773	376,209	373,833
Earnings per share – diluted:
Net income available to Common Shares	$ 2.2	$ 2.05	$ 3.54
Weighted average Common Shares outstanding	390,897	389,450	388,089

EQR Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Land	$ 5,581,876	$ 5,580,878
Depreciable property	22,938,426	22,334,369
Projects under development	78,036	112,940
Land held for development	114,300	60,567
Investment in real estate	28,712,638	28,088,754
Accumulated depreciation	(9,810,337)	(9,027,850)
Investment in real estate, net	18,902,301	19,060,904
Investments in unconsolidated entities	282,049	279,024
Cash and cash equivalents	50,743	53,869
Restricted deposits	89,252	83,303
Right-of-use assets	457,266	462,956
Other assets	252,953	278,206
Total assets	20,034,564	20,218,262
Liabilities:
Mortgage notes payable, net	1,632,902	1,953,438
Notes, net	5,348,417	5,342,329
Line of credit and commercial paper	409,131	129,955
Accounts payable and accrued expenses	104,430	96,028
Accrued interest payable	65,716	66,310
Lease liabilities	311,640	308,748
Other liabilities	255,543	306,941
Security deposits	69,178	68,940
Distributions payable	259,231	244,621
Total liabilities	8,456,188	8,517,310
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	289,248	318,273
Shareholders' equity:
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 745,600 shares issued and outstanding as of December 31, 2023 and December 31, 2022	37,280	37,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 379,291,417 shares issued and outstanding as of December 31, 2023 and 378,429,708 shares issued and outstanding as of December 31, 2022	3,793	3,784
Paid in capital	9,601,866	9,476,085
Retained earnings	1,437,185	1,658,837
Accumulated other comprehensive income (loss)	5,704	(2,547)
Total shareholders’ equity	11,085,828	11,173,439
Noncontrolling Interests:
Operating Partnership	202,306	209,961
Partially Owned Properties	994	(721)
Total Noncontrolling Interests	203,300	209,240
Total equity	11,289,128	11,382,679
Total liabilities and equity/capital	$ 20,034,564	$ 20,218,262

About Equity Residential

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 affluent long-term renters. Equity Residential owns or has investments in 304 properties consisting of 80,212 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.

CEO	Mr. Mark J. Parrell
WEBSITE	equityapartments.com
INDUSTRY	REIT Mortgage
EMPLOYEES	2400

Equity Residential Frequently Asked Questions

What is the ticker symbol for Equity Residential? What does EQR stand for in stocks?

EQR is the stock ticker symbol of Equity Residential. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Equity Residential (EQR)?

As of Wed Apr 24 2024, market cap of Equity Residential is 24.53 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of EQR stock?

You can check EQR's fair value in chart for subscribers.

What is the fair value of EQR stock?

You can check EQR's fair value in chart for subscribers. The fair value of Equity Residential is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Equity Residential is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for EQR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Equity Residential a good stock to buy?

The fair value guage provides a quick view whether EQR is over valued or under valued. Whether Equity Residential is cheap or expensive depends on the assumptions which impact Equity Residential's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for EQR.

What is Equity Residential's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, EQR's PE ratio (Price to Earnings) is 29.36 and Price to Sales (PS) ratio is 1.1 Thousand. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. EQR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Equity Residential's stock?

In the past 10 years, Equity Residential has provided 0.054 (multiply by 100 for percentage) rate of return.