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EQR Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
65.470
Open
65.470
VWAP
64.46
Vol
5.78M
Mkt Cap
24.02B
Low
63.813
Amount
372.36M
EV/EBITDA(TTM)
36.76
Total Shares
374.71M
EV
32.69B
EV/OCF(TTM)
19.96
P/S(TTM)
8.01
Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. The Company owns and manages approximately 318 properties consisting of 86,320 apartment units in dynamic metro areas across the United States. with a primary concentration in major coastal markets, diversified by a targeted presence in the metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver. The Company is the general partner of, owning an approximately 97.5% ownership interest in, ERP Operating Limited Partnership (ERPOP). All of the Company’s property ownership, development and related business operations are conducted through the Operating Partnership and the Company has no material assets or liabilities other than its investment in ERPOP. ERPOP is focused on conducting the multifamily property business of the Company.
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Events Timeline

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News

Yahoo Finance
4.5
06-09Yahoo Finance
U.S. Stock Futures Rise as Market Sentiment Recovers
  • Market Sentiment Recovery: After a significant drop on Friday, U.S. stock futures rose on Monday, with the S&P 500 gaining 0.30% despite the Dow Jones Industrial Average closing down 0.17%, indicating a slight improvement in investor sentiment.
  • Rising Interest Rates Impact: The S&P 500 opened with its largest gap in eight weeks, but the rise in long-term Treasury yields, with the 30-year bond closing at 5.04%, weakened market support, preventing bulls from maintaining their initial gains.
  • Oil Price Volatility: Global oil inventories continue to decline despite ceasefire efforts, with Brent crude closing at $94.22, up 1.21%, reflecting market expectations for rising oil prices that could influence investment decisions in related sectors.
  • Cryptocurrency Market Recovery: Bitcoin rebounded to nearly $64,200 after shedding approximately $235 billion in market value, indicating market stabilization, although investor sentiment remains cautious, which may affect future investment flows.
NASDAQ.COM
8.5
06-08NASDAQ.COM
Executive Team Announced for $69 Billion Apartment REIT Merger
  • Executive Team Formation: Equity Residential and AvalonBay Communities have announced their executive team for the merger, with AvalonBay CEO Benjamin Schall serving as president and CEO, highlighting the importance of leadership continuity during the merger process.
  • Merger Scale and Impact: The all-stock deal valued at $69 billion will create a company with over 180,000 rental apartments, expected to close in the second half of 2026, marking a significant advancement in industry consolidation.
  • Key Appointments: The executive team under Schall includes COO Michael Manelis and CFO Kevin O'Shea, among others, which will help ensure operational stability and growth potential for the combined company post-merger.
  • Dual Headquarters Strategy: The merged entity will have dual headquarters in Arlington, Virginia, and Chicago, with a new name to be announced at closing, a strategic move aimed at enhancing market presence and brand recognition.
seekingalpha
8.5
06-08seekingalpha
Leadership Team Announced for EQR-AVB Merger
  • Leadership Team Composition: The leadership team of the merged entity from EQR and AVB features a blend of managers from both firms, with Benjamen Schall appointed as president and CEO and Steve Sterret as chairman, indicating a collaborative approach to integration.
  • Executive Appointments: Michael Manelis will serve as executive vice president and COO, Kevin O'Shea as executive vice president and CFO, while Matthew Birenbaum and Sean Breslin will take on roles as chief development officer and chief investment and growth officer, ensuring professional stability post-merger.
  • Merger Effective Date: These personnel changes will take effect upon the merger's completion, expected in the second half of 2026, highlighting the company's strategic planning for future growth during the integration process.
  • Market Reaction: EQR's stock rose 0.5% in premarket trading while AVB remained unchanged at $189.72, reflecting a cautiously optimistic market response to the merger news, which may influence future investment decisions.
NASDAQ.COM
4.5
06-04NASDAQ.COM
The Importance of Market Capitalization for Investors
  • Market Capitalization Comparison: Equity Residential (EQR) has a market cap of $24.78 billion compared to PulteGroup Inc (PHM) at $22.33 billion, indicating EQR's relative strength in the market, which may attract more large investors.
  • Investor Misconceptions: Many beginners mistakenly believe that a higher stock price indicates greater value, but market capitalization provides a more accurate comparison, helping investors make more informed decisions.
  • Fund Investment Strategies: Market capitalization influences the investment choices of funds and ETFs; for instance, funds focused on large-cap stocks may only invest in companies valued over $10 billion, affecting the attractiveness of both EQR and PHM.
  • Market Performance Trends: As of Thursday's close, EQR is up about 2.7% while PHM is up about 1%, reflecting EQR's superior market performance compared to PHM, which may further enhance its appeal among investors.
PRnewswire
7.0
06-01PRnewswire
Investor Rights Law Firm Investigates Transactions
  • Transaction Investigation: Halper Sadeh LLC is investigating the sale of Taylor Morrison Home Corporation to Berkshire Hathaway at $72.50 per share, raising concerns about potential shareholder rights violations and prompting shareholders to consider their legal options.
  • Shareholder Rights Protection: The firm is also examining the sale of LiveRamp Holdings, Inc. to Publicis Groupe for $38.50 per share, aiming to ensure shareholders are treated fairly and may seek increased consideration in the transaction.
  • Merger Analysis: The merger between Equity Residential and AvalonBay Communities, Inc. will result in Equity Residential shareholders owning approximately 48.8% of the combined entity, with Halper Sadeh LLC potentially advocating for more disclosures and shareholder benefits.
  • Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency fee basis, ensuring no upfront costs for clients, and aims to protect global investors' rights against securities fraud and corporate misconduct.
seekingalpha
6.0
06-01seekingalpha
Evercore ISI Upgrades Essex Property Trust Rating
  • Rating Changes: Evercore ISI upgraded Essex Property Trust (ESS) to Outperform from In Line while downgrading Equity Residential (EQR) to In Line from Outperform, reflecting analyst Steve Sakwa's preference for ESS in coastal markets despite overall caution in the apartment sector.
  • Performance Expectations: ESS's strong performance in Northern California has led to year-to-date growth exceeding expectations, with blended rent growth rising to 3.7% in May from 3.1% in April and 1.4% in Q1 2026, indicating positive trends in key production indicators.
  • Revenue Growth Outlook: The analyst noted that improvements in new lease growth, renewal growth, and economic occupancy have boosted ESS's same-store revenue growth outlook, which in turn enhances the company's net asset value (NAV) and discounted cash flow (DCF) valuations, showcasing its future growth potential.
  • Merger Implications: In contrast, the EQR/AvalonBay (AVB) merger will take time for the market to fully digest, and the analyst believes that EQR's stock will not outperform during the initial courting and honeymoon phase of the deal, despite current valuations not being stretched and limited near-term multiple expansion expectations.
Wall Street analysts forecast EQR stock price to rise
14 Analyst Rating
Wall Street analysts forecast EQR stock price to rise
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
60.95
Averages
70.87
High
80.00
Current: 0.000
sliders
Low
60.95
Averages
70.87
High
80.00
Truist
Michael Lewis
Buy
maintain
$70 -> $72
AI Analysis
2026-06-16
New
Reason
Truist
Michael Lewis
Price Target
$70 -> $72
AI Analysis
2026-06-16
New
maintain
Buy
Reason
Truist analyst Michael Lewis raised the firm's price target on Equity Residential to $72 from $70 and keeps a Buy rating on the shares. The firm is adjusting its model with expectations of 2.2% year-over-year same-store revenue growth in 2026 and 4.0% expense growth, resulting in 1.3% same-store net operating income growth - consistent with management's 0.5% to 2.5% guidance range, the analyst tells investors in a research note.
Wolfe Research
Peer Perform -> Outperform
upgrade
$price
2026-06-01
Reason
Wolfe Research
Price Target
$price
2026-06-01
upgrade
Peer Perform -> Outperform
Reason
Wolfe Research upgraded Equity Residential (EQR) to Outperform from Peer Perform. The firm thinks merger synergies and a discounted valuation are enough to offset macro conditions it would characterize as \"just okay,\" the analyst tells investors. Equity Residential and AvalonBay (AVB) have lagged the index slightly since the merger announcement on May 21, notes the firm, which has \"a hard time following how the event can be negative for the two companies\" and adds that its upgrades from zero to two Outperforms in the sector is \"the first time we had this many overweight ratings in apartments since May 2023.\"
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Valuation Metrics

The current forward P/E ratio for Equity Residential (EQR.N) is 48.08, compared to its 5-year average forward P/E of 47.96. For a more detailed relative valuation and DCF analysis to assess Equity Residential's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
47.96
Current PE
48.08
Overvalued PE
61.23
Undervalued PE
34.70

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
19.43
Current EV/EBITDA
17.50
Overvalued EV/EBITDA
22.85
Undervalued EV/EBITDA
16.01

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
8.98
Current PS
7.54
Overvalued PS
10.67
Undervalued PS
7.29

Financials

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Whales Holding EQR

A
Apollo Global Management, Inc.
Holding
EQR
+24.02%
3M Return
E
Empower Capital Management, LLC
Holding
EQR
+17.41%
3M Return
S
Stichting Pensioenfonds ABP
Holding
EQR
+11.93%
3M Return
S
Security Capital Research & Management Incorporated
Holding
EQR
+11.52%
3M Return
N
Nan Shan Life Insurance Co., Ltd.
Holding
EQR
+11.45%
3M Return
R
Resolution Capital Limited
Holding
EQR
+9.12%
3M Return

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Frequently Asked Questions

What is Equity Residential (EQR) stock price today?

The current price of EQR is 64.09 USD — it has decreased -0.84

What is Equity Residential (EQR)'s business?

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. The Company owns and manages approximately 318 properties consisting of 86,320 apartment units in dynamic metro areas across the United States. with a primary concentration in major coastal markets, diversified by a targeted presence in the metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver. The Company is the general partner of, owning an approximately 97.5% ownership interest in, ERP Operating Limited Partnership (ERPOP). All of the Company’s property ownership, development and related business operations are conducted through the Operating Partnership and the Company has no material assets or liabilities other than its investment in ERPOP. ERPOP is focused on conducting the multifamily property business of the Company.

What is the price predicton of EQR Stock?

Wall Street analysts forecast EQR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQR is70.87 USD with a low forecast of 60.95 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Equity Residential (EQR)'s revenue for the last quarter?

Equity Residential revenue for the last quarter amounts to 779.85M USD, increased 2.50

What is Equity Residential (EQR)'s earnings per share (EPS) for the last quarter?

Equity Residential. EPS for the last quarter amounts to 0.24 USD, decreased -64.18

How many employees does Equity Residential (EQR). have?

Equity Residential (EQR) has 2400 emplpoyees as of June 20 2026.

What is Equity Residential (EQR) market cap?

Today EQR has the market capitalization of 24.02B USD.