(EQR) Equity Residential - Overview

Sector: Real Estate | Industry: REIT - Residential | Exchange: NYSE (USA) | Market Cap: 25.278m USD | Total Return: -0.3% in 12m

Apartments, Rental Properties, Real Estate
Total Rating 38
Safety 46
Buy Signal 0.31
REIT - Residential
Industry Rotation: +7.3
Market Cap: 25.3B
Avg Turnover: 179M
Risk 3d forecast
Volatility19.7%
VaR 5th Pctl3.62%
VaR vs Median11.6%
Reward TTM
Sharpe Ratio-0.13
Rel. Str. IBD42.2
Rel. Str. Peer Group65.4
Character TTM
Beta0.197
Beta Downside0.251
Hurst Exponent0.456
Drawdowns 3y
Max DD22.12%
CAGR/Max DD0.36
CAGR/Mean DD0.84
EPS (Earnings per Share) EPS (Earnings per Share) of EQR over the last years for every Quarter: "2021-03": 0.15, "2021-06": 0.84, "2021-09": 1.15, "2021-12": 1.4, "2022-03": 0.19, "2022-06": 0.59, "2022-09": 0.86, "2022-12": 0.42, "2023-03": 0.56, "2023-06": 0.37, "2023-09": 0.45, "2023-12": 0.82, "2024-03": 0.77, "2024-06": 0.47, "2024-09": 0.38, "2024-12": 0.26, "2025-03": 0.26, "2025-06": 0.34, "2025-09": 0.3739, "2025-12": 1, "2026-03": 0.2331,
EPS CAGR: -13.07%
EPS Trend: -49.3%
Last SUE: -0.33
Qual. Beats: 0
Revenue Revenue of EQR over the last years for every Quarter: 2021-03: 597.602, 2021-06: 598.059, 2021-09: 623.206, 2021-12: 645.13, 2022-03: 653.348, 2022-06: 687.03, 2022-09: 695.099, 2022-12: 699.703, 2023-03: 705.088, 2023-06: 717.309, 2023-09: 724.067, 2023-12: 727.5, 2024-03: 730.818, 2024-06: 734.163, 2024-09: 748.348, 2024-12: 766.779, 2025-03: 760.81, 2025-06: 768.827, 2025-09: 782.411, 2025-12: 789.033, 2026-03: 779.846,
Rev. CAGR: 3.89%
Rev. Trend: 99.8%
Last SUE: -0.69
Qual. Beats: 0

Warnings

Altman Z'' 0.24 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: EQR Equity Residential

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.

Headlines to Watch Out For
  • 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
Piotroski VR‑10 (Strict) 5.0
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 (8.61b) to EBITDA (2.35b): 3.67 < 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 0.63%; Δ 4.57k% > 0.5%)
Asset Turnover: 15.19% > 50% (prev 14.64%; Δ 0.55% > 0%)
Interest Coverage Ratio: 4.24 > 6 (EBITDA TTM 2.35b / Interest Expense TTM 316.9m)
Altman Z'' 0.24
A: -0.06 (Total Current Assets 34.7m - Total Current Liabilities 1.35b) / Total Assets 20.52b
B: 0.04 (Retained Earnings 800.7m / Total Assets 20.52b)
C: 0.07 (EBIT TTM 1.34b / Avg Total Assets 20.54b)
D: 0.08 (Book Value of Equity 806.9m / Total Liabilities 9.50b)
Altman-Z'' Score: 0.24 = B
Beneish M -2.81
DSRI: 0.86 (Receivables 14.6m/16.4m, Revenue 3.12b/3.01b)
GMI: 1.37 (GM 46.32% / 63.22%)
AQI: 1.01 (AQ_t 0.98 / AQ_t-1 0.97)
SGI: 1.04 (Revenue 3.12b / 3.01b)
TATA: -0.03 (NI 953.6m - CFO 1.62b) / TA 20.52b)
Beneish M-Score: -2.81 (Cap -4..+1) = A
What is the price of EQR shares? As of May 22, 2026, the stock is trading at USD 65.76 with a total of 3,768,360 shares traded.
Over the past week, the price has changed by +1.14%, over one month by +6.32%, over three months by +5.11% and over the past year by -0.32%.
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.
  • StrongBuy: 5
  • Buy: 6
  • Hold: 15
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the EQR price?
Analysts Target Price 70.6 7.3%
Equity Residential (EQR) - Fundamental Data Overview as of 20 May 2026
P/E Trailing = 26.172
P/E Forward = 46.729
P/S = 8.1201
P/B = 2.3049
P/EG = 8.1454
Revenue TTM = 3.12b USD
EBIT TTM = 1.34b USD
EBITDA TTM = 2.35b USD
Long Term Debt = 7.59b USD (from longTermDebt, last quarter)
Short Term Debt = 1.35b USD (from shortTermDebt, last quarter)
Debt = 8.64b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.61b USD (from netDebt column, last quarter)
Enterprise Value = 33.89b USD (25.28b + Debt 8.64b - CCE 34.7m)
Interest Coverage Ratio = 4.24 (Ebit TTM 1.34b / Interest Expense TTM 316.9m)
EV/FCF = 26.77x (Enterprise Value 33.89b / FCF TTM 1.27b)
FCF Yield = 3.73% (FCF TTM 1.27b / Enterprise Value 33.89b)
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 33.89b / Total Assets 20.52b)
Interest Expense / Debt = 0.92% (Interest Expense 79.5m / Debt 8.64b)
Taxrate = 2.58% (2.46m / 95.6m)
NOPAT = 1.31b (EBIT 1.34b * (1 - 2.58%))
Current Ratio = 0.03 (Total Current Assets 34.7m / Total Current Liabilities 1.35b)
Debt / Equity = 0.81 (Debt 8.64b / totalStockholderEquity, last quarter 10.67b)
Debt / EBITDA = 3.67 (Net Debt 8.61b / EBITDA 2.35b)
Debt / FCF = 6.80 (Net Debt 8.61b / FCF TTM 1.27b)
Total Stockholder Equity = 10.95b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.64% (Net Income 953.6m / Total Assets 20.52b)
RoE = 8.71% (Net Income TTM 953.6m / Total Stockholder Equity 10.95b)
RoCE = 7.25% (EBIT 1.34b / Capital Employed (Equity 10.95b + L.T.Debt 7.59b))
RoIC = 6.80% (NOPAT 1.31b / Invested Capital 19.26b)
WACC = 5.21% (E(25.28b)/V(33.92b) * Re(6.68%) + D(8.64b)/V(33.92b) * Rd(0.92%) * (1-Tc(0.03)))
Discount Rate = 6.68% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: -11.11 | Cagr: -0.65%
[DCF] Terminal Value 86.58% ; FCFF base≈1.27b ; Y1≈1.30b ; Y5≈1.45b
[DCF] Fair Price = 91.36 (EV 42.84b - Net Debt 8.61b = Equity 34.23b / Shares 374.7m; r=6.0% [WACC]; 5y FCF grow 2.34% → 3.0% )
EPS Correlation: -49.33 | EPS CAGR: -13.07% | SUE: -0.33 | # QB: 0
Revenue Correlation: 99.80 | Revenue CAGR: 3.89% | SUE: -0.69 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.34 | Chg30d=-0.09% | Revisions=N/A | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.36 | Chg30d=+1.98% | Revisions=N/A | Analysts=3
EPS current Year (2026-12-31): EPS=1.34 | Chg30d=-0.27% | Revisions=N/A | GrowthEPS=+6.4% | GrowthRev=+2.6%
EPS next Year (2027-12-31): EPS=1.55 | Chg30d=+3.28% | Revisions=-20% | GrowthEPS=+15.4% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: -20%