EQR - Equity Residential Stock Price, Fair Value and News

66.35USD+0.25 (+0.38%)Delayed as of 09 May 2024, 09:57 am ET

Market Summary

USD66.35+0.25

Delayedas of 09 May 2024, 09:57 am

0.38%

EQR Alerts

2 major insider sales recently.

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

EQR Stock Price

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EQR RSI Chart

EQR Valuation

Market Cap

25.1B

Price/Earnings (Trailing)

27.31

Price/Sales (Trailing)

46.74

EV/EBITDA

11.8

Price/Free Cashflow

16.05

EQR Price/Sales (Trailing)

EQR Profitability

EBT Margin

180.57%

Return on Equity

8.29%

Return on Assets

4.61%

Free Cashflow Yield

6.23%

EQR Fundamentals

EQR Revenue

Revenue (TTM)

531.8M

Rev. Growth (Yr)

629.29%

Rev. Growth (Qtr)

0.62%

EQR Earnings

Earnings (TTM)

917.2M

Earnings Growth (Yr)

38.56%

Earnings Growth (Qtr)

-5.74%

Breaking Down EQR Revenue

52 Week Range

57.4869.45

(Low)(High)

Last 7 days

3.2%

Last 30 days

3.6%

Last 90 days

11.7%

Trailing 12 Months

How does EQR drawdown profile look like?

EQR Financial Health

EQR Investor Care

Dividend Yield

4.01%

Dividend/Share (TTM)

2.65

Shares Dilution (1Y)

0.02%

Diluted EPS (TTM)

2.41

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	0	0	0	0
2023	0	0	0	0
2022	0	0	0	0
2021	0	0	0	0
2020	2.7B	2.7B	2.6B	531.8M
2019	2.6B	2.6B	2.7B	2.7B
2018	2.0B	2.0B	2.1B	2.6B
2017	1.4B	1.7B	2.1B	2.0B
2016	5.8B	5.4B	4.9B	4.5B
2015	2.6B	2.7B	2.7B	2.7B
2014	2.5B	2.6B	2.6B	2.6B
2013	1.9B	2.1B	2.2B	2.4B
2012	1.7B	1.8B	1.8B	1.8B
2011	1.7B	1.7B	1.7B	1.7B
2010	1.7B	1.7B	1.7B	1.8B
2009	1.6B	1.5B	1.4B	1.6B
2008	0	1.7B	1.7B	1.6B
2007	0	0	0	1.8B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Equity Residential

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 26, 2024	haben mary kay	sold	-212,221	65.48	-3,241	-
Apr 26, 2024	haben mary kay	acquired	169,180	52.2	3,241	-
Apr 24, 2024	brackenridge alexander	sold	-261,795	65.01	-4,027	executive vice president & cio
Mar 19, 2024	hoff ann	acquired	-	-	588	-
Mar 19, 2024	jones nina p	acquired	-	-	784	-
Feb 28, 2024	kaufman ian	acquired	7,590	50.6	150	chief accounting officer
Feb 28, 2024	sterrett stephen e	acquired	99,985	50.6	1,976	-
Feb 28, 2024	shapiro mark s	acquired	99,985	50.6	1,976	-
Feb 28, 2024	altshuler barry	acquired	99,985	50.6	1,976	executive vice president
Feb 28, 2024	neal john e	acquired	99,985	50.6	1,976	-

Which funds bought or sold EQR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-43.13	-3,278,060	4,655,180	-%
May 07, 2024	SEI INVESTMENTS CO	added	77.51	30,428,200	67,014,100	0.10%
May 07, 2024	CHILTON CAPITAL MANAGEMENT LLC	reduced	-10.15	-628,181	7,922,990	0.38%
May 07, 2024	PANAGORA ASSET MANAGEMENT INC	added	37.35	27,712,200	94,127,200	0.49%
May 07, 2024	Smithfield Trust Co	unchanged	-	2,000	78,000	-%
May 07, 2024	Illinois Municipal Retirement Fund	added	72.22	3,223,000	7,371,000	0.11%
May 07, 2024	Inspire Investing, LLC	added	11.18	401,692	3,129,490	0.32%
May 07, 2024	M&T Bank Corp	reduced	-5.37	-64,177	2,647,880	0.01%
May 07, 2024	FORSTA AP-FONDEN	added	6.54	427,391	4,726,940	0.04%
May 07, 2024	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	new	-	6,998,900	6,998,900	0.33%

Are Funds Buying or Selling EQR?

Are funds buying EQR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own EQR

No. of Funds

Unveiling Equity Residential's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	price t rowe associates inc /md/	5.2%	19,911,042	SC 13G
Feb 13, 2024	norges bank	9.23%	35,045,588	SC 13G/A
Feb 13, 2024	vanguard group inc	15.00%	56,940,042	SC 13G/A
Jan 30, 2024	state street corp	6.64%	25,229,550	SC 13G/A
Jan 24, 2024	blackrock inc.	10.9%	41,535,224	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	4.4%	16,647,643	SC 13G/A
Feb 14, 2023	norges bank	8.17%	30,886,593	SC 13G/A
Feb 09, 2023	vanguard group inc	15.25%	57,630,717	SC 13G/A
Feb 08, 2023	state street corp	6.30%	23,813,619	SC 13G/A
Jan 31, 2023	blackrock inc.	10.7%	40,577,530	SC 13G/A

Recent SEC filings of Equity Residential

View All Filings

Date Filed	Form Type	Document
May 02, 2024	10-Q	Quarterly Report
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	4	Insider Trading
Apr 26, 2024	144	Notice of Insider Sale Intent
Apr 23, 2024	8-K	Current Report
Apr 16, 2024	ARS	ARS
Apr 16, 2024	DEF 14A	DEF 14A
Apr 16, 2024	DEFA14A	DEFA14A
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading

Peers (Alternatives to Equity Residential)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.8B	11.2B	-3.57%	-6.21%	42.94	7.56	3.63%	50.79%
CCI	42.3B	6.8B	-2.86%	-16.86%	30.32	6.17	-2.39%	-16.60%
AVB	27.7B	2.8B	4.65%	8.65%	29	9.87	5.72%	-6.47%
ARE	20.6B	3.0B	-6.82%	-2.61%	105.18	6.99	10.44%	-73.79%
AMH	13.3B	-	-1.07%	2.70%	31.37	8.17	8.93%	11.87%
REG	10.8B	1.4B	-0.91%	-0.39%	29	7.92	10.48%	-2.93%
BXP	9.4B	3.3B	-4.95%	17.89%	49.61	2.88	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	1.08%	10.18%	35.54	7.36	5.48%	-38.69%
MAC	3.4B	884.1M	-2.40%	67.19%	-12.47	3.87	2.90%	-314.82%
SLG	3.3B	892.3M	-5.51%	137.34%	-6.45	3.7	-5.33%	-307.54%
SMALL-CAP
AAT	1.3B	444.1M	3.08%	17.14%	19.59	3.03	3.54%	8.91%
AIV	1.2B	198.2M	-0.48%	-2.94%	-7.52	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	-3.51%	3.98%	35.74	1.68	27.93%	140.31%
NYMT	550.1M	285.4M	-16.71%	-37.84%	-3.99	1.93	11.05%	83.70%
IVR	446.8M	277.2M	2.46%	-8.50%	-54.48	1.61	25.89%	94.64%

Equity Residential News

Latest updates

Equity Residential Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.6%	731	726	722	717	100	148	197	687	653	638	623	598	598	610	622	654	682	684	685	669	662
Costs and Expenses	6.1%	520	491	499	499	508	457	478	485	504	471	466	445	462	436	440	441	468	453	447	439	453
S&GA Expenses	-100.0%	-	12.00	14.00	19.00	16.00	12.00	13.00	16.00	17.00	13.00	13.00	15.00	15.00	11.00	11.00	12.00	15.00	12.00	11.00	14.00	15.00
EBITDA Margin	4.2%	3.99*	3.82*	3.50*	3.77*	3.96*	3.72*	4.48*	4.69*	4.81*	4.72*	4.15*	3.48*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.1%	67.00	69.00	69.00	66.00	66.00	66.00	72.00	72.00	73.00	70.00	68.00	67.00	67.00	117	81.00	82.00	86.00	100	86.00	109	95.00
Income Taxes	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.03	0.00	0.00	0.00
Earnings Before Taxes	-5.3%	307	324	183	146	222	167	336	234	75.00	562	449	329	62.00	230	96.00	273	334	299	277	253	110
EBT Margin	9.7%	1.81*	1.65*	1.35*	1.64*	1.80*	1.53*	2.27*	2.48*	2.66*	2.63*	2.01*	1.35*	-	-	-	-	-	-	-	-	-
Net Income	-5.7%	294	312	173	139	212	159	323	224	71.00	527	432	316	58.00	253	91.00	261	309	301	267	309	105
Net Income Margin	9.8%	1.72*	1.57*	1.28*	1.57*	1.73*	1.46*	2.15*	2.36*	2.53*	2.51*	1.99*	1.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	22.3%	421	344	443	353	393	335	429	323	368	282	402	230	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.7%	19,895	20,035	20,109	20,146	20,103	20,218	20,265	20,574	20,830	21,169	20,663	20,464	20,169	20,287	20,624	20,715	20,919	21,173	21,054	20,991	20,769
Cash Equivalents	-12.2%	45.00	51.00	39.00	36.00	133	54.00	45.00	45.00	41.00	124	40.00	39.00	35.00	43.00	178	187	82.00	46.00	29.00	251	29.00
Liabilities	-1.6%	8,323	8,456	8,565	8,564	8,433	8,517	8,633	9,071	9,300	9,483	9,329	9,382	9,207	9,184	9,576	9,541	9,795	10,165	10,152	10,175	10,070
Shareholder's Equity	-0.2%	11,068	11,086	11,062	37.00	37.00	11,173	4.00	4.00	37.00	1,827	4.00	4.00	37.00	4.00	37.00	9,118	9,092	4.00	37.00	10,154	1,155
Retained Earnings	0.0%	1,437	1,437	1,427	1,506	1,619	1,659	1,737	1,650	1,662	1,827	1,527	1,322	1,232	1,400	1,372	1,506	1,470	1,386	1,308	1,253	1,155
Additional Paid-In Capital	0.0%	9,604	9,602	9,589	9,473	9,488	9,476	9,267	9,230	9,143	9,121	9,131	9,110	9,083	9,129	9,166	9,118	9,092	8,966	8,917	8,950	8,926
Shares Outstanding	-0.1%	379	379	380	379	379	378	376	376	376	376	375	374	-	-	-	-	-	-	-	-	-
Minority Interest	1.4%	206	203	204	207	212	209	-1.57	-1.73	217	18.00	2.00	206	235	233	4.00	5.00	5.00	1.00	226	227	-5.46
Float	-	-	-	-	25,000	-	-	-	26,800	-	-	-	28,500	-	-	-	21,700	-	-	-	27,900	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	22.3%	421,031	344,274	442,544	352,701	393,279	334,528	429,354	322,818	368,056	281,971	402,088	230,072	346,053	231,212	399,238	252,635	382,451	362,804	403,407	317,228	373,545
Share Based Compensation	94.6%	9,469	4,867	6,103	11,801	9,044	4,954	5,959	9,397	9,203	5,891	5,842	7,399	8,678	4,899	4,800	5,631	7,844	3,672	3,995	6,976	9,806
Cashflow From Investing	131.1%	136,006	58,851	-197,076	-315,002	43,723	-135,544	288,671	151,702	-197,037	-125,031	-254,234	70,990	-126,345	247,128	-148,889	299,338	266,009	-113,644	-289,025	-22,120	-347,035
Cashflow From Financing	-28.4%	-500,472	-389,857	-243,383	-132,142	-355,089	-183,279	-715,209	-467,569	-419,555	-23,453	-313,606	-6,397	-221,600	-613,826	-260,668	-447,210	-624,689	-216,757	-339,254	-79,146	-49,317
Dividend Payments	-100.0%	-	251,564	251,101	250,922	236,561	235,104	235,074	234,966	226,639	225,937	225,548	224,675	224,308	224,270	224,241	224,188	211,239	210,720	210,448	210,194	199,749
Buy Backs	-	38,474	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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EQR Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUES
Rental income	$ 730,818	$ 705,088
EXPENSES
Property and maintenance	134,630	137,579
Real estate taxes and insurance	108,927	106,669
Property management	35,458	31,466
General and administrative	15,720	16,165
Depreciation	225,695	215,830
Total expenses	520,430	507,709
Net gain (loss) on sales of real estate properties	188,185	100,209
Interest and other income	9,329	1,538
Other expenses	(31,738)	(8,995)
Interest:
Expense incurred, net	(67,212)	(66,401)
Amortization of deferred financing costs	(1,918)	(1,979)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels	307,034	221,751
Income and other tax (expense) benefit	(304)	(298)
Income (loss) from investments in unconsolidated entities	(1,698)	(1,382)
Net income	305,032	220,071
Net (income) loss attributable to Noncontrolling Interests:
Operating Partnership	(8,275)	(7,059)
Partially Owned Properties	(970)	(977)
Net income attributable to controlling interests	295,787	212,035
Preferred distributions	(547)	(772)
Premium on redemption of Preferred Shares	(1,444)
Net income available to Common Shares	$ 293,796	$ 211,263
Earnings per share – basic:
Net income available to Common Shares	$ 0.78	$ 0.56
Weighted average Common Shares outstanding	378,812	378,341
Earnings per share – diluted:
Net income available to Common Shares	$ 0.77	$ 0.56
Weighted average Common Shares outstanding	390,561	390,664

EQR Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Land	$ 5,550,882	$ 5,581,876
Depreciable property	22,930,036	22,938,426
Projects under development	155,729	78,036
Land held for development	64,466	114,300
Investment in real estate	28,701,113	28,712,638
Accumulated depreciation	(9,978,012)	(9,810,337)
Investment in real estate, net	18,723,101	18,902,301
Investments in unconsolidated entities	289,272	282,049
Cash and cash equivalents	44,535	50,743
Restricted deposits	152,025	89,252
Right-of-use assets	454,035	457,266
Other assets	231,829	252,953
Total assets	19,894,797	20,034,564
Liabilities:
Mortgage notes payable, net	1,633,870	1,632,902
Notes, net	5,349,938	5,348,417
Line of credit and commercial paper	225,921	409,131
Accounts payable and accrued expenses	146,072	87,377
Accrued interest payable	49,190	65,716
Lease liabilities	310,422	311,640
Other liabilities	274,919	272,596
Security deposits	68,818	69,178
Distributions payable	263,615	259,231
Total liabilities	8,322,765	8,456,188
Commitments and contingencies
Redeemable Noncontrolling Interests – Operating Partnership	298,219	289,248
Shareholders' equity:
Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of March 31, 2024 and 745,600 shares issued and outstanding as of December 31, 2023	17,155	37,280
Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 378,939,751 shares issued and outstanding as of March 31, 2024 and 379,291,417 shares issued and outstanding as of December 31, 2023	3,789	3,793
Paid in capital	9,603,743	9,601,866
Retained earnings	1,436,671	1,437,185
Accumulated other comprehensive income (loss)	6,314	5,704
Total shareholders’ equity	11,067,672	11,085,828
Noncontrolling Interests:
Operating Partnership	207,272	202,306
Partially Owned Properties	(1,131)	994
Total Noncontrolling Interests	206,141	203,300
Total equity	11,273,813	11,289,128
Total liabilities and equity/capital	$ 19,894,797	$ 20,034,564

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 304 properties consisting of 80,212 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.

CEO	Mr. Mark J. Parrell
WEBSITE	equityapartments.com
INDUSTRY	REIT Mortgage
EMPLOYEES	2400

Equity Residential Frequently Asked Questions

What is the ticker symbol for Equity Residential? What does EQR stand for in stocks?

EQR is the stock ticker symbol of Equity Residential. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Equity Residential (EQR)?

As of Wed May 08 2024, market cap of Equity Residential is 25.05 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of EQR stock?

You can check EQR's fair value in chart for subscribers.

What is the fair value of EQR stock?

You can check EQR's fair value in chart for subscribers. The fair value of Equity Residential is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Equity Residential is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for EQR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Equity Residential a good stock to buy?

The fair value guage provides a quick view whether EQR is over valued or under valued. Whether Equity Residential is cheap or expensive depends on the assumptions which impact Equity Residential's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for EQR.

What is Equity Residential's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, EQR's PE ratio (Price to Earnings) is 27.31 and Price to Sales (PS) ratio is 46.74. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. EQR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Equity Residential's stock?

In the past 10 years, Equity Residential has provided 0.051 (multiply by 100 for percentage) rate of return.