Equities
Real EstateReal Estate Investment Trusts
  • Price (USD)63.11
  • Today's Change0.540 / 0.86%
  • Shares traded2.13m
  • 1 Year change+12.86%
  • Beta0.8524
Data delayed at least 15 minutes, as of Mar 28 2024 20:10 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)2.87bn
  • Net income in USD832.35m
  • 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
Richmond Row ApartmentsDeal completed21 Dec 202321 Dec 2023Deal completed3.94%179.70m
The BaxterDeal completed21 Dec 202321 Dec 2023Deal completed3.94%--
Data delayed at least 15 minutes, as of Mar 28 2024 20:10 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)
Kimco Realty Corp1.78bn628.76m13.22bn660.0019.211.2812.417.411.021.022.8915.370.0988--5.832,702,121.003.233.473.333.5968.7869.1932.6936.02--16.730.439296.053.228.89537.847.910.1797-4.63
Healthpeak Properties Inc2.18bn304.28m13.30bn193.0033.721.6212.386.100.5560.5563.9911.610.1386--39.9211,300,530.002.061.832.252.0159.2759.0814.8815.26--2.240.4982284.065.8112.86-38.52-18.03-4.28-4.11
American Homes 4 Rent1.62bn365.14m13.47bn1.73k34.631.9315.458.291.061.064.6419.090.1306--35.85941,220.303.482.403.852.6655.4854.8526.6218.80--2.640.368389.678.938.6446.0573.1334.5534.49
Host Hotels & Resorts Inc5.31bn740.00m14.55bn163.0019.932.1910.042.741.041.047.459.430.4333--21.9032,582,820.006.142.546.762.74----14.167.80--6.110.381499.948.23-0.783416.90-7.406.39-4.07
Mid-America Apartment Communities Inc2.15bn548.89m15.36bn2.43k27.952.5313.627.154.714.7118.4252.000.189112.10--885,236.104.984.255.374.5561.0959.9326.3525.86--5.420.4189113.276.376.46-13.3320.1814.708.70
Essex Property Trust Inc1.67bn405.83m15.72bn1.75k38.782.9016.059.426.316.3125.9884.460.13519.9960.11953,940.003.483.853.674.0570.9270.8625.8031.84--3.380.5245119.673.893.58-0.60980.7908-6.964.49
Sun Communities Inc3.22bn-213.30m16.00bn6.78k--2.1837.644.96-1.73-1.7326.1359.030.18958.2311.32475,604.70-1.321.25-1.381.3047.9151.36-6.986.89--1.540.5118265.158.5823.40-188.14---30.145.56
Ventas Inc4.50bn-40.97m17.52bn486.00--1.7912.883.90-0.1026-0.102611.1524.350.184----9,254,788.00-0.1240.7147-0.13150.76143.0646.91-0.67364.30--1.120.5781494.408.933.7313.64--6.80-9.02
Invitation Homes Inc2.43bn518.77m21.79bn1.56k42.102.1518.238.960.84590.84593.9716.600.1288--42.341,564,166.002.761.672.821.7159.8760.0321.4214.76--2.000.4562145.278.687.1435.57--24.5012.13
Alexandria Real Estate Equities Inc2.97bn92.44m22.55bn568.00237.861.2016.417.600.5420.54217.36107.450.0821--374.895,222,407.000.77742.140.92032.4871.0470.979.4725.41--2.960.3334147.0311.1217.45-81.99-23.9713.404.26
Equity Residential2.87bn832.35m23.95bn2.40k28.702.1713.618.332.202.207.3529.230.1428----1,197,485.004.344.854.715.2363.5964.0130.4137.43--3.390.389695.345.072.207.564.93-7.274.23
Live Nation Entertainment Inc22.75bn315.84m24.41bn14.70k81.97--19.511.071.291.2996.29-0.07351.28--12.871,547,556.004.13-1.7710.03-3.6923.9929.383.23-1.99--9.720.8166--36.3816.09111.67--11.53--
AvalonBay Communities Inc2.77bn927.16m26.35bn3.04k28.382.2415.109.526.546.5419.4982.970.1346----910,796.004.514.774.724.9864.3064.5633.5438.13--4.630.404495.436.733.91-18.29-0.9337-3.432.33
CBRE Group Inc31.95bn986.00m29.73bn130.00k30.683.5918.030.93043.173.17102.2227.111.48--5.10245,761.504.776.698.2111.5119.6421.173.214.59----0.2844--3.648.41-29.94-1.746.01--
VICI Properties Inc3.61bn2.51bn31.08bn28.0012.051.2312.148.602.472.473.5624.220.0885----128,999,600.006.265.456.435.5999.2598.9170.7362.63--4.240.406782.1538.8932.10124.9036.8512.2910.05
Data as of Mar 28 2024. Currency figures normalised to Equity Residential's reporting currency: US Dollar USD

Institutional shareholders

53.30%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Dec 202355.12m14.52%
Norges Bank Investment Managementas of 31 Dec 202335.05m9.23%
BlackRock Fund Advisorsas of 31 Dec 202327.15m7.15%
SSgA Funds Management, Inc.as of 31 Dec 202325.18m6.63%
T. Rowe Price Associates, Inc. (Investment Management)as of 31 Dec 202317.44m4.59%
APG Asset Management US, Inc.as of 31 Dec 202311.60m3.06%
First Eagle Investment Management LLCas of 31 Dec 20239.33m2.46%
Geode Capital Management LLCas of 31 Dec 20238.39m2.21%
JPMorgan Investment Management, Inc.as of 31 Dec 20237.12m1.88%
Macquarie Investment Management Business Trustas of 31 Dec 20235.95m1.57%
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
Data Provided by LSEG
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