EQR Stock Analysis: Equity Residential | NYSE
REIT - Residential | NYSE, USA | Market Cap: 26.660m USD | 12M Return: 7.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 187M
EPS Trend: -88.1%
Qual. Beats: -3
Rev. Trend: 99.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Equity Residential (NYSE: EQR) is an S&P 500 real estate company that owns and operates 312 rental properties comprising 85,190 apartment units, primarily concentrated in major coastal U.S. metro areas, with additional exposure to high-growth markets including Atlanta, Austin, Dallas/Fort Worth, and Denver. The company was incorporated in 1993 and is headquartered in Chicago.
As a multi-family residential REIT, EQR operates under a business model that generates rental income from large portfolios of apartment communities in supply-constrained, high-demand urban locations. REITs of this type are generally required to distribute the majority of their taxable income to shareholders as dividends, making them income-oriented investments typically sensitive to interest rate movements and local rental market dynamics.
- Coastal urban rental demand rebounds on return-to-office trends
- Interest rate cuts boost apartment REIT valuations and acquisitions
- Sunbelt expansion in Atlanta, Austin, Dallas drives portfolio growth
| Net Income: 953.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.01 > 1.0 |
| NWC/Revenue: -42.12% < 20% (prev -21.02%; Δ -21.10% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.62b > Net Income 953.6m |
| Net Debt (8.91b) to EBITDA (2.31b): 3.86 < 3 |
| Current Ratio: 0.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (385.1m) vs 12m ago -1.55% < -2% |
| Gross Margin: 46.32% > 18% (prev 63.22%; Δ -16.91% > 0.5%) |
| Asset Turnover: 15.19% > 50% (prev 14.64%; Δ 0.55% > 0%) |
| Interest Coverage Ratio: 4.12 > 6 (EBIT TTM 1.31b / Interest Expense TTM 316.9m) |
| A: -0.06 (Total Current Assets 34.7m - Total Current Liabilities 1.35b) / Total Assets 20.5b |
| B: 0.04 (Retained Earnings 800.7m / Total Assets 20.5b) |
| C: 0.06 (EBIT TTM 1.31b / Avg Total Assets 20.5b) |
| D: 1.12 (Book Value of Equity 10.7b / Total Liabilities 9.50b) |
| Altman-Z'' = 1.31 = BB |
As of July 21, 2026, the stock is trading at USD 68.80 with a total of 1,645,799 shares traded. Over the past week, the price has changed by -1.32%, over one month by +7.39%, over three months by +9.59% and over the past year by +7.35%.
Current recommended Stop Loss: 65.80 (which is 4.4% or 2.2 ATR below the current price).
Equity Residential has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold EQR.
- StrongBuy: 5
- Buy: 5
- Hold: 15
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 72.3 | 5.1% |
P/E Trailing = 27.6
P/E Forward = 51.8135
P/S = 8.5641
P/B = 2.4282
P/EG = 8.1454
Revenue TTM = 3.12b USD
EBIT TTM = 1.31b USD
EBITDA TTM = 2.31b USD
Long Term Debt = 7.59b USD (from longTermDebt, last quarter)
Short Term Debt = 1.35b USD (from shortTermDebt, last quarter)
Debt = 8.95b USD (from shortLongTermDebtTotal, last quarter) + Leases 303.8m
Net Debt = 8.91b USD (calculated: Debt 8.95b - CCE 34.7m)
Enterprise Value = 35.6b USD (26.7b + Debt 8.95b - CCE 34.7m)
Interest Coverage Ratio = 4.12 (Ebit TTM 1.31b / Interest Expense TTM 316.9m)
EV/FCF = 28.11x (Enterprise Value 35.6b / FCF TTM 1.27b)
FCF Yield = 3.56% (FCF TTM 1.27b / Enterprise Value 35.6b)
FCF Margin = 40.56% (FCF TTM 1.27b / Revenue TTM 3.12b)
Net Margin = 30.56% (Net Income TTM 953.6m / Revenue TTM 3.12b)
Gross Margin = 46.32% ((Revenue TTM 3.12b - Cost of Revenue TTM 1.68b) / Revenue TTM)
Gross Margin QoQ = 61.30% (prev -1.80%)
Tobins Q-Ratio = 1.73 (Enterprise Value 35.6b / Total Assets 20.5b)
Interest Expense / Debt = 3.54% (Interest Expense 316.9m / Debt 8.95b)
Taxrate = 0.87% (8.62m / 988.9m)
NOPAT = 1.29b (EBIT 1.31b * (1 - 0.87%))
Current Ratio = 0.03 (Total Current Assets 34.7m / Total Current Liabilities 1.35b)
Debt / Equity = 0.84 (Debt 8.95b / totalStockholderEquity, last quarter 10.7b)
Debt / EBITDA = 3.86 (Net Debt 8.91b / EBITDA 2.31b)
Debt / FCF = 7.04 (Net Debt 8.91b / FCF TTM 1.27b)
Total Stockholder Equity = 11.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.64% (Net Income 953.6m / Total Assets 20.5b)
RoE = 8.71% (Net Income TTM 953.6m / Total Stockholder Equity 11.0b)
RoCE = 7.04% (EBIT 1.31b / Capital Employed (Equity 11.0b + L.T.Debt 7.59b))
RoIC = 6.32% (NOPAT 1.29b / Invested Capital 20.5b)
WACC = 5.73% (E(26.7b)/V(35.6b) * Re(6.48%) + D(8.95b)/V(35.6b) * Rd(3.54%) * (1-Tc(0.01)))
Discount Rate = 6.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -57.32 | Cagr: -0.65%
[DCF] Terminal Value 75.39% ; FCFF base≈1.27b ; Y1≈1.27b ; Y5≈1.34b
[DCF] Fair Price = 31.74 (EV 20.8b - Net Debt 8.91b = Equity 11.9b / Shares 374.7m; r=8.35% [WACC [floored]]; 5y FCF grow -0.33% → 2.50% )
EPS Correlation: -88.15 | EPS CAGR: -5.87% | SUE: -1.05 | # QB: -3
Revenue Correlation: 99.80 | Revenue CAGR: 3.89% | SUE: -0.69 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.36 | Chg30d=+1.13% | Revisions=+50% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.38 | Chg30d=-0.75% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=1.34 | Chg30d=+2.24% | Revisions=+0% | GrowthEPS=+6.1% | GrowthRev=+2.5%
EPS next Year (2027-12-31): EPS=1.57 | Chg30d=-0.27% | Revisions=+50% | GrowthEPS=+16.8% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: +64% (up=10, down=1)