Equities
Real EstateReal Estate Investment Trusts
  • Price (USD)65.38
  • Today's Change-0.88 / -1.33%
  • Shares traded1.55m
  • 1 Year change+7.30%
  • Beta0.8619
Data delayed at least 15 minutes, as of May 24 2024 00:00 BST.
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About the company

Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of residential properties located in and around cities. The Company’s primary business is the acquisition, development, and management of multifamily residential properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The Company owns and operates rental apartment properties, with a presence in Boston, New York, Washington, D.C., Southern California, including Los Angeles, Orange County and San Diego), San Francisco and Seattle, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin. The Company owns 302 properties located in 10 states and the District of Columbia consisting of 80,191 apartment units. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential.

  • Revenue in USD (TTM)2.90bn
  • Net income in USD914.88m
  • Incorporated1992
  • Employees2.40k
  • Location
    Equity ResidentialEquity ResidentialTwo North Riverside Plaza, Suite 400CHICAGO 60606United StatesUSA
  • Phone+1 (312) 928-1178
  • Fax+1 (312) 454-9276
  • Websitehttps://www.equityapartments.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
EQR:NYQ since
announced
Transaction
value
The BaxterDeal completed21 Dec 202321 Dec 2023Deal completed7.67%--
Richmond Row ApartmentsDeal completed21 Dec 202321 Dec 2023Deal completed7.67%179.70m
Data delayed at least 15 minutes, as of May 24 2024 00:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
UDR Inc1.64bn451.64m12.78bn1.40k28.503.309.507.791.361.364.9811.900.1482----1,175,080.004.401.975.342.4165.3766.6729.7214.59--1.780.5427254.107.269.23432.6617.1412.652.40
Host Hotels & Resorts Inc5.40bn721.00m12.80bn163.0017.861.908.882.371.021.027.609.550.4375--19.3933,134,970.005.942.546.452.74----13.577.80--7.120.393999.948.23-0.783416.90-7.406.39-4.07
American Homes 4 Rent1.65bn356.93m13.21bn1.73k34.831.8815.288.011.041.044.7019.160.131--35.03956,206.903.362.403.722.6655.6054.8525.6218.80--2.650.368989.678.938.6446.0573.1334.5534.49
Healthpeak Properties Inc2.26bn193.06m13.40bn193.0054.141.5113.535.920.35170.35174.0312.620.1252--35.8311,719,610.001.111.831.212.0164.2659.088.8715.26--2.310.477284.065.8112.86-38.52-18.03-4.28-4.11
Sun Communities Inc3.24bn-210.60m14.74bn6.78k--2.0533.724.54-1.71-1.7126.2857.770.18827.9711.21478,569.30-1.271.25-1.331.3047.9751.36-6.766.89--1.520.5199265.158.5823.40-188.14---30.145.56
Mid-America Apartment Communities Inc2.16bn556.73m15.53bn2.43k27.862.5513.627.184.774.7718.5352.190.189611.55--891,247.305.034.255.394.5560.5759.9326.5425.86--5.830.4242113.276.376.46-13.3320.1814.708.70
Essex Property Trust Inc1.68bn525.02m16.56bn1.75k31.542.9914.989.848.188.1826.2386.410.133821.1054.79962,229.704.403.854.654.0570.8570.8632.9131.84--4.340.5324119.673.893.58-0.60980.7908-6.964.49
Ventas Inc4.62bn-72.80m19.10bn486.00--1.9714.184.13-0.1814-0.181411.4623.950.1899----9,507,193.00-0.25380.7147-0.2760.76142.8446.91-1.344.30--1.130.5818494.408.933.7313.64--6.80-9.02
Alexandria Real Estate Equities Inc3.04bn184.07m20.74bn568.00110.641.1113.886.821.071.0717.77107.050.0816--388.455,356,902.001.012.141.202.4871.3970.9712.4425.41--4.150.3493147.0311.1217.45-81.99-23.9713.404.26
Invitation Homes Inc2.49bn540.86m21.14bn1.56k39.162.0917.238.500.88150.88154.0616.550.132--37.981,600,275.002.881.672.951.7159.5960.0321.8314.76--1.960.4567145.278.687.1435.57--24.5012.13
Live Nation Entertainment Inc23.42bn252.10m21.64bn14.70k92.18--18.150.92381.011.0199.00-0.49971.20--11.901,593,280.003.38-1.778.56-3.6923.9029.382.81-1.99--13.630.8107--36.3816.09111.67--11.53--
Equity Residential2.90bn914.88m24.78bn2.40k27.092.2413.378.542.412.417.4229.210.145----1,208,206.004.804.855.185.2363.8064.0133.0837.43--3.520.383995.345.072.207.564.93-7.274.23
CBRE Group Inc32.47bn995.11m26.89bn130.00k27.333.2616.120.82823.213.21104.4726.911.48--5.20249,791.404.776.698.2611.5119.4921.173.234.59--12.470.3581--3.648.41-29.94-1.746.01--
AvalonBay Communities Inc2.81bn953.65m27.58bn3.04k28.872.3515.509.836.726.7219.7382.390.1375----923,349.404.684.774.904.9864.2064.5634.0438.13--4.910.405995.436.733.91-18.29-0.9337-3.432.33
VICI Properties Inc3.69bn2.58bn29.83bn28.0011.351.1711.348.092.522.523.5924.360.0857----131,636,500.006.115.456.275.5999.2598.9171.2662.63--4.330.40582.1538.8932.10124.9036.8512.2910.05
Data as of May 24 2024. Currency figures normalised to Equity Residential's reporting currency: US Dollar USD

Institutional shareholders

53.34%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Mar 202455.16m14.56%
Norges Bank Investment Managementas of 31 Dec 202335.05m9.25%
BlackRock Fund Advisorsas of 31 Mar 202426.44m6.98%
SSgA Funds Management, Inc.as of 31 Mar 202423.69m6.25%
T. Rowe Price Associates, Inc. (Investment Management)as of 31 Mar 202417.70m4.67%
APG Asset Management US, Inc.as of 31 Mar 202411.60m3.06%
First Eagle Investment Management LLCas of 31 Mar 20249.34m2.46%
Geode Capital Management LLCas of 31 Mar 20248.64m2.28%
Resolution Capital Ltd.as of 31 Mar 20247.59m2.00%
D1 Capital Partners LPas of 31 Mar 20246.93m1.83%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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