Quote Overview

Stock Activity

Open	64.28
Day Low	63.82
Day High	65.07
52 Wk Low	52.57
52 Wk High	69.45
Avg. Volume	1,665,262
Market Cap	24.68 B
Dividend	2.70 ( 4.15%)
Beta	0.85

Key Earnings Data

Earnings ESP	-0.31%
Most Accurate Est	0.95
Current Qtr Est	0.96
Current Yr Est	3.88
Exp Earnings Date	7/25/24
Prior Year EPS	3.78
Exp EPS Growth (3-5yr) 4.49%
Forward PE	16.77
PEG Ratio	3.74

Finance » REIT and Equity Trust - Residential

Research Reports for EQR

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Style Scores D Value B Growth B Momentum C VGM
Zacks Rank	Hold 3
Zacks Industry Rank	Bottom 32%(172 out of 252)
Zacks Sector Rank	Bottom 31% (11 out of 16)
Earnings ESP	-0.31%
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Top Peers	Symbol	Zacks Rank
Equity Residential	EQR
Centerspace	CSR
American Homes 4 Rent	AMH
Armada Hoffler Properties	AHH
AvalonBay Communities	AVB
BRT Apartments	BRT
Broadstone Net Lease	BNL

See all REIT and Equity Trust - Residential Peers

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Company Summary

Based in Chicago, IL, Equity Residential is one of the leading, fully integrated, publicly-traded multi-family real estate investment trusts (REITs) in the United States. This S&P 500 company has a portfolio of high-quality apartment properties in some of the most desirable markets across the country.

Equity Residential enjoys an established presence in Boston, New York, Washington, D.C., Southern California (including Los Angeles, Orange County and San Diego), San Francisco and Seattle. It is also growing its footprint in Denver, Atlanta, Dallas/Ft. Worth and Austin. As of Dec 31, 2023, Equity Residential owned or invested in 302 properties comprising 80,191 apartment units located in 10 states and the District of Columbia.

The company divides performance between residential and non-residential operations. In 2023, about 97.7% of the company’s total lease revenues were generated from residential apartment leases that are generally 12 months or less in length. Moreover, around 2.3% of its total lease revenues are generated by non-residential leases that are usually for terms ranging from five to 10 years. Non-residential leases generally comprise of ground floor retail spaces as well as master-leased parking garages, which serve as additional amenities for its residents.

In August 2021, Equity Residential entered into a strategic partnership with Toll Brothers, Inc. for developing apartment communities in the strategic Equity Residential markets. As of Dec 31, 2023, the company and Toll Brothers had three projects (Remy in Frisco, TX; Settler in Fort Worth, TX and Lyle in Dallas, TX) under development.

Note: All EPS numbers presented in this report represent funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.