EQR Stock Analysis: Equity Residential | NYSE
REIT - Residential | NYSE, USA | Market Cap: 25.505m USD | 12M Return: 3.3% | US29476L1070 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 234M
EPS Trend: 2.4%
Qual. Beats: 0
Rev. Trend: 99.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 875.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.06 > 1.0 |
| NWC/Revenue: -34.14% < 20% (prev -36.30%; Δ 2.17% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.57b > Net Income 875.4m |
| Net Debt (8.83b) to EBITDA (2.27b): 3.89 < 3 |
| Current Ratio: 0.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (383.9m) vs 12m ago -1.95% < -2% |
| Gross Margin: 45.96% > 18% (prev 63.05%; Δ -17.09% > 0.5%) |
| Asset Turnover: 15.19% > 50% (prev 14.48%; Δ 0.71% > 0%) |
| Interest Coverage Ratio: 3.87 > 6 (EBIT TTM 1.26b / Interest Expense TTM 326.2m) |
| A: -0.05 (Total Current Assets 143.4m - Total Current Liabilities 1.21b) / Total Assets 20.3b |
| B: 0.03 (Retained Earnings 651.1m / Total Assets 20.3b) |
| C: 0.06 (EBIT TTM 1.26b / Avg Total Assets 20.7b) |
| D: 1.12 (Book Value of Equity 10.5b / Total Liabilities 9.39b) |
| Altman-Z'' = 1.34 = BB |
As of August 20, 2026, the stock is trading at USD 63.66 with a total of 6,385,282 shares traded. Over the past week, the price has changed by -2.20%, over one month by -7.47%, over three months by -2.16% and over the past year by +3.25%.
Current recommended Stop Loss: 61.50 (which is 3.4% or 1.5 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 | 73.1 | 14.8% |
P/E Trailing = 28.6826
P/E Forward = 49.505
P/S = 8.1505
P/B = 2.3562
P/EG = 8.1454
Revenue TTM = 3.14b USD
EBIT TTM = 1.26b USD
EBITDA TTM = 2.27b USD
Long Term Debt = 7.59b USD (from longTermDebt, last quarter)
Short Term Debt = 667.8m USD (from shortTermDebt, last quarter)
Debt = 8.87b USD (from shortLongTermDebtTotal, last quarter) + Leases 303.8m
Net Debt = 8.83b USD (calculated: Debt 8.87b - CCE 36.4m)
Enterprise Value = 34.3b USD (25.5b + Debt 8.87b - CCE 36.4m)
Interest Coverage Ratio = 3.87 (Ebit TTM 1.26b / Interest Expense TTM 326.2m)
EV/FCF = 29.21x (Enterprise Value 34.3b / FCF TTM 1.18b)
FCF Yield = 3.42% (FCF TTM 1.18b / Enterprise Value 34.3b)
FCF Margin = 37.49% (FCF TTM 1.18b / Revenue TTM 3.14b)
Net Margin = 27.91% (Net Income TTM 875.4m / Revenue TTM 3.14b)
Gross Margin = 45.96% ((Revenue TTM 3.14b - Cost of Revenue TTM 1.69b) / Revenue TTM)
Gross Margin QoQ = 61.38% (prev 61.30%)
Tobins Q-Ratio = 1.69 (Enterprise Value 34.3b / Total Assets 20.3b)
Interest Expense / Debt = 3.68% (Interest Expense 326.2m / Debt 8.87b)
Taxrate = 0.40% (3.63m / 902.8m)
NOPAT = 1.26b (EBIT 1.26b * (1 - 0.40%))
Current Ratio = 0.12 (Total Current Assets 143.4m / Total Current Liabilities 1.21b)
Debt / Equity = 0.84 (Debt 8.87b / totalStockholderEquity, last quarter 10.5b)
Debt / EBITDA = 3.89 (Net Debt 8.83b / EBITDA 2.27b)
Debt / FCF = 7.51 (Net Debt 8.83b / FCF TTM 1.18b)
Total Stockholder Equity = 10.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.24% (Net Income 875.4m / Total Assets 20.3b)
RoE = 8.08% (Net Income TTM 875.4m / Total Stockholder Equity 10.8b)
RoCE = 6.85% (EBIT 1.26b / Capital Employed (Equity 10.8b + L.T.Debt 7.59b))
RoIC = 6.38% (NOPAT 1.26b / Invested Capital 19.7b)
WACC = 5.67% (E(25.5b)/V(34.4b) * Re(6.37%) + D(8.87b)/V(34.4b) * Rd(3.68%) * (1-Tc(0.00)))
Discount Rate = 6.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -73.49 | Cagr: -0.76%
[DCF] Terminal Value 74.81% ; FCFF base≈1.20b ; Y1≈1.16b ; Y5≈1.14b
[DCF] Fair Price = 23.95 (EV 17.8b - Net Debt 8.83b = Equity 8.98b / Shares 374.9m; r=8.35% [WACC [floored]]; 5y FCF grow -4.50% → 2.50% )
EPS Correlation: 2.44 | EPS CAGR: 0.33% | SUE: 0.18 | # QB: 0
Revenue Correlation: 99.66 | Revenue CAGR: 3.79% | SUE: -0.76 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.37 | Chg30d=-2.94% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=1.29 | Chg30d=-1.84% | Revisions=+0% | GrowthEPS=+1.9% | GrowthRev=+2.1%
EPS next Year (2027-12-31): EPS=1.55 | Chg30d=-1.32% | Revisions=-40% | GrowthEPS=+20.4% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: -57% (up=0, down=4)