(EQR) Equity Residential - NYSE
Sector: Real Estate | Industry: REIT - Residential | Exchange: NYSE (USA) | Market Cap: 24.971m USD | Total Return: -2.9% in 12m
Avg Turnover: 216M
EPS Trend: -88.1%
Qual. Beats: -3
Rev. Trend: 99.8%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Confidence
Equity Residential (NYSE: EQR) is an S&P 500 real estate investment trust (REIT) focused on the acquisition, development, and management of high-quality apartment properties. The company maintains a portfolio of 312 rental properties totaling 85,190 units, primarily located in established coastal markets and expanding into high-growth inland metros such as Atlanta, Austin, Dallas/Ft. Worth, and Denver.
As a Multi-Family Residential REIT, the company’s business model relies on generating consistent rental income and capital appreciation from long-term leases in urban and suburban hubs. This sector typically benefits from high barriers to entry in coastal markets and favorable demographic shifts toward professional rental housing in major metropolitan areas. For further insights into the companys valuation and growth metrics, consider reviewing the detailed data available on ValueRay.
- High-income renter demand in coastal urban markets drives core rental revenue
- Elevated interest rates increase debt service costs and impact acquisition cap rates
- Expansion into Sunbelt growth markets diversifies portfolio and mitigates coastal regulatory risk
- New apartment supply levels in major metros influence occupancy and pricing power
- Wage growth among knowledge workers correlates with portfolio-wide same-store rental income 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 June 21, 2026, the stock is trading at USD 64.09 with a total of 5,776,800 shares traded.
Over the past week, the price has changed by -3.84%,
over one month by -2.51%,
over three months by +9.37% and
over the past year by -2.94%.
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 | 71.6 | 11.7% |
P/E Trailing = 25.852
P/E Forward = 49.7512
P/S = 8.2414
P/B = 2.3277
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 = 33.9b USD (25.0b + Debt 8.95b - CCE 34.7m)
Interest Coverage Ratio = 4.12 (Ebit TTM 1.31b / Interest Expense TTM 316.9m)
EV/FCF = 26.77x (Enterprise Value 33.9b / FCF TTM 1.27b)
FCF Yield = 3.74% (FCF TTM 1.27b / Enterprise Value 33.9b)
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 = 1.65 (Enterprise Value 33.9b / 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 = 5.65% (E(25.0b)/V(33.9b) * Re(6.41%) + D(8.95b)/V(33.9b) * Rd(3.54%) * (1-Tc(0.01)))
Discount Rate = 6.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -11.11 | 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=0.52 | Chg30d=+56.58% | Revisions=+33% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.38 | Chg30d=+9.36% | Revisions=+33% | Analysts=4
EPS current Year (2026-12-31): EPS=1.69 | Chg30d=+24.65% | Revisions=+0% | GrowthEPS=+33.7% | GrowthRev=+2.5%
EPS next Year (2027-12-31): EPS=1.57 | Chg30d=+3.30% | Revisions=+50% | GrowthEPS=-7.0% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: +50%