Overview Dividends

(EQR) Equity Residential - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US29476L1070

Apartment, Units, Rental, Residential, Property

EQR EPS (Earnings per Share)

EPS Growth (3Y CAGR): -58.86%
EPS Trend (3Y Correlation): -58.3%

EQR Revenue

Revenue Growth (3Y CAGR): 3.73%
Revenue Trend (3Y Correlation): 98.5%

Description: EQR Equity Residential October 14, 2025

Equity Residential (NYSE:EQR) is a S&P 500-listed REIT that acquires, develops, and manages high-quality multifamily assets in major U.S. metros that attract affluent, long-term renters. The portfolio comprises 317 properties and 85,936 apartment units, with core concentrations in Boston, New York, Washington, D.C., Seattle, San Francisco, and Southern California, and growing footprints in Denver, Atlanta, Dallas/Ft. Worth, and Austin.

Key performance indicators from the most recent FY 2024 filing show an occupancy rate of 96.2%, a year-over-year FFO (funds from operations) growth of 5.8%, and an average rent increase of 3.4% in the top-tier markets, reflecting strong demand despite a tightening credit environment.

Sector-wide, multifamily REITs are currently driven by two macro forces: (1) a persistent shortage of rental housing in high-cost cities, which sustains rent-price power, and (2) rising interest rates that increase borrowing costs but also temper new supply pipelines, thereby supporting existing asset valuations.

Analysts should monitor the pipeline of new construction in EQR’s target metros, as a surge in supply could erode occupancy and rent growth; conversely, any slowdown in new permits would likely reinforce the company’s pricing leverage.

For a deeper, data-rich analysis of EQR’s valuation assumptions and scenario outcomes, the ValueRay platform provides a granular view of its projected cash flows and risk metrics.

EQR Stock Overview

Market Cap in USD	24,924m
Sub-Industry	Multi-Family Residential REITs
IPO / Inception	1993-08-11

EQR Stock Ratings

Growth Rating	-20.9%
Fundamental	59.6%
Dividend Rating	55.1%
Return 12m vs S&P 500	-27.6%
Analyst Rating	3.62 of 5

EQR Dividends

Dividend Yield 12m	4.63%
Yield on Cost 5y	6.75%
Annual Growth 5y	-4.28%
Payout Consistency	94.7%
Payout Ratio	2.2%

EQR Growth Ratios

Growth Correlation 3m	-33.7%
Growth Correlation 12m	-77.8%
Growth Correlation 5y	9.2%
CAGR 5y	3.20%
CAGR/Max DD 3y (Calmar Ratio)	0.14
CAGR/Mean DD 3y (Pain Ratio)	0.42
Sharpe Ratio 12m	0.12
Alpha	-34.05
Beta	0.911
Volatility	39.17%
Current Volume	3669.2k
Average Volume 20d	2160.9k
Stop Loss	57.6 (-3.1%)
Signal	-0.55

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (1.01b TTM) > 0 and > 6% of Revenue (6% = 182.7m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA -0.48pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -36.30% (prev -16.33%; Δ -19.98pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 1.54b > Net Income 1.01b (YES >=105%, WARN >=100%)

Net Debt (8.64b) to EBITDA (1.92b) ratio: 4.51 <= 3.0 (WARN <= 3.5)

Current Ratio 0.11 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (391.5m) change vs 12m ago 0.24% (target <= -2.0% for YES)

Gross Margin 63.05% (prev 63.76%; Δ -0.71pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 14.92% (prev 14.75%; Δ 0.18pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.03 (EBITDA TTM 1.92b / Interest Expense TTM 300.1m) >= 6 (WARN >= 3)

Altman Z'' 0.31

(A) -0.05 = (Total Current Assets 132.0m - Total Current Liabilities 1.24b) / Total Assets 21.03b

(B) 0.06 = Retained Earnings (Balance) 1.33b / Total Assets 21.03b

(D) 0.14 = Book Value of Equity 1.33b / Total Liabilities 9.50b

Total Rating: 0.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 59.59

1. Piotroski 3.50pt = -1.50

2. FCF Yield 3.67% = 1.83

3. FCF Margin 40.43% = 7.50

4. Debt/Equity 0.79 = 2.20

5. Debt/Ebitda 4.51 = -2.50

6. ROIC - WACC (= -2.54)% = -3.18

7. RoE 9.21% = 0.77

8. Rev. Trend 98.46% = 7.38

9. EPS Trend -58.29% = -2.91

What is the price of EQR shares?

As of November 02, 2025, the stock is trading at USD 59.44 with a total of 3,669,154 shares traded.
Over the past week, the price has changed by -6.28%, over one month by -8.17%, over three months by -4.94% and over the past year by -12.09%.

Is Equity Residential a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Equity Residential is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 59.59 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of EQR is around 55.46 USD . This means that EQR is currently overvalued and has a potential downside of -6.7%.

Is EQR a buy, sell or hold?

Equity Residential has received a consensus analysts rating of 3.62. Therefor, it is recommend to hold EQR.

Strong Buy: 5
Buy: 6
Hold: 15
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the EQR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	73.7	23.9%
Analysts Target Price	73.7	23.9%
ValueRay Target Price	61.1	2.8%

EQR Fundamental Data Overview October 25, 2025

Market Cap USD = 24.92b (24.92b USD * 1.0 USD.USD)
P/E Trailing = 23.8421
P/E Forward = 43.6681
P/S = 8.1859
P/B = 2.2057
P/EG = 8.1454
Beta = 0.911
Revenue TTM = 3.04b USD
EBIT TTM = 909.5m USD
EBITDA TTM = 1.92b USD
Long Term Debt = 7.59b USD (from longTermDebt, last quarter)
Short Term Debt = 782.1m USD (from shortTermDebt, last quarter)
Debt = 8.67b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.64b USD (from netDebt column, last quarter)
Enterprise Value = 33.57b USD (24.92b + Debt 8.67b - CCE 31.3m)
Interest Coverage Ratio = 3.03 (Ebit TTM 909.5m / Interest Expense TTM 300.1m)
FCF Yield = 3.67% (FCF TTM 1.23b / Enterprise Value 33.57b)
FCF Margin = 40.43% (FCF TTM 1.23b / Revenue TTM 3.04b)
Net Margin = 33.22% (Net Income TTM 1.01b / Revenue TTM 3.04b)
Gross Margin = 63.05% ((Revenue TTM 3.04b - Cost of Revenue TTM 1.12b) / Revenue TTM)
Gross Margin QoQ = 63.14% (prev 61.68%)
Tobins Q-Ratio = 1.60 (Enterprise Value 33.57b / Total Assets 21.03b)
Interest Expense / Debt = 0.87% (Interest Expense 75.3m / Debt 8.67b)
Taxrate = 2.65% (5.40m / 204.2m)
NOPAT = 885.5m (EBIT 909.5m * (1 - 2.65%))
Current Ratio = 0.11 (Total Current Assets 132.0m / Total Current Liabilities 1.24b)
Debt / Equity = 0.79 (Debt 8.67b / totalStockholderEquity, last quarter 11.01b)
Debt / EBITDA = 4.51 (Net Debt 8.64b / EBITDA 1.92b)
Debt / FCF = 7.02 (Net Debt 8.64b / FCF TTM 1.23b)
Total Stockholder Equity = 10.99b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.81% (Net Income 1.01b / Total Assets 21.03b)
RoE = 9.21% (Net Income TTM 1.01b / Total Stockholder Equity 10.99b)
RoCE = 4.90% (EBIT 909.5m / Capital Employed (Equity 10.99b + L.T.Debt 7.59b))
RoIC = 4.62% (NOPAT 885.5m / Invested Capital 19.15b)
WACC = 7.17% (E(24.92b)/V(33.60b) * Re(9.37%) + D(8.67b)/V(33.60b) * Rd(0.87%) * (1-Tc(0.03)))
Discount Rate = 9.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.09%
[DCF Debug] Terminal Value 74.03% ; FCFE base≈1.24b ; Y1≈1.27b ; Y5≈1.42b
Fair Price DCF = 52.03 (DCF Value 19.87b / Shares Outstanding 381.9m; 5y FCF grow 2.60% → 3.0% )
EPS Correlation: -58.29 | EPS CAGR: -58.86% | SUE: -2.07 | # QB: 0
Revenue Correlation: 98.46 | Revenue CAGR: 3.73% | SUE: -0.19 | # QB: 0

Additional Sources for EQR Stock

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