Equity Residential (EQR)
- Previous Close
67.04 - Open
67.21 - Bid 67.08 x 800
- Ask 67.11 x 900
- Day's Range
66.89 - 67.31 - 52 Week Range
52.57 - 69.45 - Volume
231,953 - Avg. Volume
1,966,162 - Market Cap (intraday)
25.463B - Beta (5Y Monthly) 0.83
- PE Ratio (TTM)
28.71 - EPS (TTM)
2.34 - Earnings Date Jul 25, 2024 - Jul 29, 2024
- Forward Dividend & Yield 2.70 (4.03%)
- Ex-Dividend Date Mar 22, 2024
- 1y Target Est
67.21
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 305 properties consisting of 80,683 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.
www.equityapartments.com2,400
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: EQR
Performance Overview: EQR
Trailing total returns as of 5/10/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: EQR
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Statistics: EQR
Valuation Measures
Market Cap
25.41B
Enterprise Value
32.90B
Trailing P/E
28.66
Forward P/E
45.25
PEG Ratio (5yr expected)
6.91
Price/Sales (ttm)
9.04
Price/Book (mrq)
2.30
Enterprise Value/Revenue
11.35
Enterprise Value/EBITDA
15.36
Financial Highlights
Profitability and Income Statement
Profit Margin
31.70%
Return on Assets (ttm)
2.79%
Return on Equity (ttm)
8.20%
Revenue (ttm)
2.9B
Net Income Avi to Common (ttm)
914.88M
Diluted EPS (ttm)
2.34
Balance Sheet and Cash Flow
Total Cash (mrq)
44.53M
Total Debt/Equity (mrq)
64.99%
Levered Free Cash Flow (ttm)
1.29B
Research Analysis: EQR
Company Insights: EQR
EQR does not have Company Insights
Research Reports: EQR
Raising target as low supply keeps demand high
Equity Residential, based in Chicago, is one of the largest apartment real estate investment trusts in the U.S. The company focuses on high-quality properties and has benefited from the high cost of home ownership. Prior to the pandemic, the company's properties were primarily in large coastal cities in four core states. Its new growth strategy is focused on 12 Sunbelt and other non-coastal markets, including expansion projects in suburban Raleigh, Atlanta, Austin, and Denver. The average EQR tenant is a professional in his or her early 30s; a group that has enjoyed recent strong employment demographics. Current average rental rates are about $3,061. About 42% of the portfolio is in California, 20% is in New York and Boston, and 8% in expansion markets. EQR owns or has interests in 299 communities with about 80,000 apartment units. About 92% of these communities are wholly owned. The shares are a component of the S&P 500. The company's market cap is about $25 billion.
RatingPrice TargetMonday Tee Up: Here Comes the Fed, And More
Monday Tee Up: Here Comes the Fed, And More
Equity Residential Earnings: Occupancy Improves and Positive Momentum on Rental Rates to New Tenants
Equity Residential owns a portfolio of 302 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
RatingPrice TargetFollowing Two Years of Rising Interest Rates, We Believe REITs Are Trading at Significant Discounts
Equity Residential owns a portfolio of 302 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
RatingPrice Target