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): -4.14%
EPS Trend (3Y Correlation): -47.8%

EQR Revenue

Revenue Growth (3Y CAGR): 4.15%
Revenue Trend (3Y Correlation): 98.5%

Risk via 10d forecast
Volatility	20.4%
Value at Risk 5%th	34.9%
Relative Tail Risk	3.70%

Reward TTM
Sharpe Ratio	-0.87
Alpha	-25.86

Character TTM
Hurst Exponent	0.353
Beta	0.649
Beta Downside	0.761

Drawdowns 3y
Max DD	22.12%
Mean DD	7.82%
Median DD	7.68%

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	23,246m
Sub-Industry	Multi-Family Residential REITs
IPO / Inception	1993-08-11
Return 12m vs S&P 500	-28.1%
Analyst Rating	3.62 of 5

EQR Dividends

Dividend Yield	4.63%
Yield on Cost 5y	5.30%
Yield CAGR 5y	-4.28%
Payout Consistency	94.7%
Payout Ratio	2.2%

EQR Growth Ratios

CAGR 3y	2.26%
CAGR/Max DD Calmar Ratio	0.10
CAGR/Mean DD Pain Ratio	0.29
Current Volume	1923.7k
Average Volume	2462.9k

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (1.16b TTM) > 0 and > 6% of Revenue (6% = 184.7m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 0.23pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -40.00% (prev -38.76%; Δ -1.24pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 1.62b > Net Income 1.16b (YES >=105%, WARN >=100%)

Net Debt (8.65b) to EBITDA (2.09b) ratio: 4.14 <= 3.0 (WARN <= 3.5)

Current Ratio 0.07 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (391.0m) change vs 12m ago -0.02% (target <= -2.0% for YES)

Gross Margin 63.01% (prev 63.64%; Δ -0.63pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 14.66% (prev 14.05%; Δ 0.61pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.46 (EBITDA TTM 2.09b / Interest Expense TTM 307.5m) >= 6 (WARN >= 3)

Altman Z'' 0.29

(A) -0.06 = (Total Current Assets 93.1m - Total Current Liabilities 1.32b) / Total Assets 21.07b

(B) 0.06 = Retained Earnings (Balance) 1.26b / Total Assets 21.07b

(D) 0.13 = Book Value of Equity 1.27b / Total Liabilities 9.60b

Total Rating: 0.29 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 63.04

1. Piotroski 4.0pt = -1.0

2. FCF Yield 4.03% = 2.01

3. FCF Margin 41.74% = 7.50

4. Debt/Equity 0.79 = 2.20

5. Debt/Ebitda 4.14 = -2.50

6. ROIC - WACC (= -0.84)% = -1.05

7. RoE 10.48% = 0.87

8. Rev. Trend 98.48% = 7.39

9. EPS Trend -47.78% = -2.39

What is the price of EQR shares?

As of November 17, 2025, the stock is trading at USD 59.42 with a total of 1,923,700 shares traded.
Over the past week, the price has changed by -0.15%, over one month by -3.38%, over three months by -5.03% and over the past year by -16.90%.

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 63.04 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 55.32 USD . This means that EQR is currently overvalued and has a potential downside of -6.9%.

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	71.5	20.3%
Analysts Target Price	71.5	20.3%
ValueRay Target Price	60.5	1.8%

EQR Fundamental Data Overview November 15, 2025

Market Cap USD = 23.25b (23.25b USD * 1.0 USD.USD)
P/E Trailing = 19.5644
P/E Forward = 43.6681
P/S = 7.5503
P/B = 2.0495
P/EG = 8.1454
Beta = 0.763
Revenue TTM = 3.08b USD
EBIT TTM = 1.06b USD
EBITDA TTM = 2.09b USD
Long Term Debt = 7.59b USD (from longTermDebt, last quarter)
Short Term Debt = 846.2m USD (from shortTermDebt, last quarter)
Debt = 8.74b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.65b USD (from netDebt column, last quarter)
Enterprise Value = 31.89b USD (23.25b + Debt 8.74b - CCE 93.1m)
Interest Coverage Ratio = 3.46 (Ebit TTM 1.06b / Interest Expense TTM 307.5m)
FCF Yield = 4.03% (FCF TTM 1.29b / Enterprise Value 31.89b)
FCF Margin = 41.74% (FCF TTM 1.29b / Revenue TTM 3.08b)
Net Margin = 37.58% (Net Income TTM 1.16b / Revenue TTM 3.08b)
Gross Margin = 63.01% ((Revenue TTM 3.08b - Cost of Revenue TTM 1.14b) / Revenue TTM)
Gross Margin QoQ = 63.38% (prev 63.14%)
Tobins Q-Ratio = 1.51 (Enterprise Value 31.89b / Total Assets 21.07b)
Interest Expense / Debt = 0.92% (Interest Expense 80.1m / Debt 8.74b)
Taxrate = 0.13% (395.0k / 297.3m)
NOPAT = 1.06b (EBIT 1.06b * (1 - 0.13%))
Current Ratio = 0.07 (Total Current Assets 93.1m / Total Current Liabilities 1.32b)
Debt / Equity = 0.79 (Debt 8.74b / totalStockholderEquity, last quarter 11.08b)
Debt / EBITDA = 4.14 (Net Debt 8.65b / EBITDA 2.09b)
Debt / FCF = 6.73 (Net Debt 8.65b / FCF TTM 1.29b)
Total Stockholder Equity = 11.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.49% (Net Income 1.16b / Total Assets 21.07b)
RoE = 10.48% (Net Income TTM 1.16b / Total Stockholder Equity 11.05b)
RoCE = 5.71% (EBIT 1.06b / Capital Employed (Equity 11.05b + L.T.Debt 7.59b))
RoIC = 5.53% (NOPAT 1.06b / Invested Capital 19.22b)
WACC = 6.36% (E(23.25b)/V(31.99b) * Re(8.41%) + D(8.74b)/V(31.99b) * Rd(0.92%) * (1-Tc(0.00)))
Discount Rate = 8.41% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.02%
[DCF Debug] Terminal Value 77.37% ; FCFE base≈1.26b ; Y1≈1.30b ; Y5≈1.45b
Fair Price DCF = 62.60 (DCF Value 23.82b / Shares Outstanding 380.5m; 5y FCF grow 2.60% → 3.0% )
EPS Correlation: -47.78 | EPS CAGR: -4.14% | SUE: -0.23 | # QB: 0
Revenue Correlation: 98.48 | Revenue CAGR: 4.15% | SUE: 0.40 | # QB: 0

Additional Sources for EQR Stock

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