Equity Residential (EQR)
Real Estate · Multifamily residential real estate
Large-cap REIT owning and operating multifamily rental properties in major U.S. coastal and metropolitan markets.
What Equity Residential does
Equity Residential is one of the largest U.S. publicly-traded owners and operators of multifamily rental apartment properties. The company owns and manages high-quality rental communities primarily concentrated in major coastal markets including Boston, New York, Washington D.C., Southern California, San Francisco, and Seattle, with targeted presence in Denver, Atlanta, Dallas/Ft. Worth, and Austin. The company operates through its Operating Partnership (ERPOP) and seeks to optimize its portfolio by balancing risk and maximizing returns while leveraging its industry-leading operating platform to deliver exceptional resident experiences.
Themes: ["residential real estate","apartment rentals","REIT / real estate investment","major U.S. metro markets","coastal properties","rental income generation","property management"]
Fundamentals
- Price$68.09 as of 2026-07-09 close
- Market cap$25.5B as of 2026-07-10
- 1-year return+2.5% as of 2026-07-09 close
- P/E26.76 as of 2026-07-10
- Net margin+30.6% as of 2026-07-10
- Gross margin+62.8% as of 2026-07-10
- ROE+8.7% as of 2026-07-10
- Debt / equity0.78 as of 2026-07-10
- Revenue growth (YoY)+3.4% as of 2026-07-10
- Revenue CAGR (3y)+3.6% SEC XBRL
- Beta0.75 as of 2026-07-10
Dividend: yield +4.1%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Real estate market cyclicality and volatility in local market conditions that could rapidly fluctuate rental rates and occupancy","Rising property and maintenance costs, real estate taxes, and insurance expenses that compress margins","High leverage with significant mortgage debt and senior notes outstanding ($1.59B mortgage payable and $6.0B notes payable as of Q1 2026), exposing the company to interest rate and refinancing risk"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.