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Equity Residential(NYSE) EQR

Market Cap$24.91BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1993)+2,426%
5 Year-4%
1 Year+10%
1 Month-3%
$66.62
-0.75%
-0.50Today
After hours$67.35+$0.73 (+1.10%)
Equity Residential last closing stock price
MetricPriceDate
Last closeUSD 66.452026-07-31
Equity Residential stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.08%USD 67.862026-07-24
1 month-3.18%USD 68.632026-07-01
3 month+3.02%USD 64.502026-05-01
Year to date+8.99%USD 60.972025-12-31
1 year+9.88%USD 60.472025-07-31
3 year+14.46%USD 58.052023-08-01
5 year-3.9%USD 69.152021-07-30
Since inception+2,425.53%USD 2.631993-08-12

Equity Residential Financials at a Glance

Market Cap

$24.91BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$3.14B

Net Income (TTM)

$875.36M

EPS (TTM)

$2.28

P/E Ratio

29.16

Dividend

$2.79

Beta (Volatility)

0.67 (Low)

Price

$66.62

Volume

3,905,071

Open

$66.93

Previous Close

$66.45

Daily Range

$66.29 - $67.17

52-Week Range

$57.57 - $71.50

Estimated Earnings Date

Oct 27, 2026

EQR News

A person holding a magnifying glass looking at a row of rising coins and buildings.

3 Best Safe REITs for 2026 and How to Invest

Matt DiLalloJul 10, 2026
real-estate-investing-basics

Best Real Estate Stocks for 2026 and How to Invest

Kristi WaterworthApr 16, 2026
Foolcom-Featured.png

Equity Residential (EQR) Q2 FFO Rises 2%

Motley Fool Markets TeamAug 5, 2025
Foolcom-Featured.png

Equity Residential (EQR) Q2 EPS Up 47%

Motley Fool Markets TeamAug 5, 2025
GettyImages-1090217368-600x400-bf06395.jpg

Equity Residential Beats Q4 Expectations

Motley Fool Markets TeamFeb 3, 2025
Digital insurance.jpg

Equity Residential FFO Jumps 3.1%

Motley Fool Markets TeamOct 30, 2024
Luxury apartment buildings

Here's How the Debt Ceiling Deal Hurts Equity Residential

Brent Nyitray, CFAJun 17, 2023
Luxury apartment buildings

Despite Stagnant Real Estate Prices, Equity Residential Reports Rent Growth

Brent Nyitray, CFAMay 4, 2023
Page 1

EQR: Motley Fool Moneyball Superscore

63

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About Equity Residential

Equity Residential provides rental apartments in major U.S. cities. Its properties offer homes for people who prefer renting over owning. Residents benefit from flexible living and access to urban amenities.

Apartment Life, Simplified: What’s on Offer?

  • Rental Apartments: Multifamily units in urban and suburban areas; residential operations account for more than 96.0% of total revenue; targets long-term renters.
  • Garden Apartments: Two- to three-story buildings; 31% of units; appeals to families and those seeking quieter neighborhoods.
  • Mid/High-Rise Apartments: Buildings with more than three stories; 69% of units; suited for city dwellers and professionals.
  • Ancillary Services: Parking, storage, pet rent, and utilities; small share of revenue; adds convenience for residents.
  • Retail and Parking Spaces: Non-residential spaces within properties; mainly serve residents and local businesses.

Growth Spurts and City Hops: Expansion Moves

  • Acquired 18 properties in 2024, mainly in Atlanta, Boston, Dallas/Ft. Worth, and Denver.
  • Sold 13 properties in 2024 to reallocate capital to higher-growth markets.
  • Expanded into Denver, Atlanta, Dallas/Ft. Worth, and Austin since 2022.
  • Developed 3,286 new units under construction or lease-up as of December 2024.
  • Invested in technology and sustainability initiatives throughout 2023 and 2024.

Why Equity Residential Stands Out (Without Bragging)

The company focuses on large U.S. cities with strong job markets and high housing demand. It balances urban and suburban properties to manage risk. Investments in technology and sustainability support operational efficiency and tenant satisfaction.

Five Things You Need to Know

  • Revenue was $789 million in Q4 2025, up 2.9% from Q4 2024.
  • Net income was -$14 million in Q4 2025, down 102.9% year-over-year.
  • Rental income reached $2.98 billion in 2024, up 3.7% from 2023.
  • Operating income (NOI) was $2.02 billion in 2024, up 3.6% year-over-year.

Bottom Line

Equity Residential has grown by focusing on high-demand U.S. cities and adapting its portfolio. Its mix of property types and steady expansion support long-term business stability.

AI Generated • Apr 16, 2026

Industry

Residential REITs

Sector

Real Estate

Employees

2,400

CEO

Mark J. Parrell

Website

www.equityapartments.com

Headquarters

Chicago, IL 60606, US

EQR Financials

Key Financial Metrics (TTM)

Gross Margin

45.96%

Operating Margin

28.12%

Net Income Margin

27.91%

Return on Equity

8.08%

Return on Capital

5.68%

Return on Assets

4.32%

Earnings Yield

3.43%

Dividend Yield

4.20%

Payout Ratio

90.23%

Stock Overview

Market Cap

$24.91BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

374.92M

Volume

3.91M

Avg. Volume

3.07M

Financials (TTM)

Gross Profit

$1.44B

Operating Income

$882.00M

EBITDA

$2.27B

Operating Cash Flow

$1.57B

Capital Expenditure

-$207.01M

Free Cash Flow

$1.36B

Cash & ST Invst.

$36.41M

Total Debt

$8.57B

Equity Residential Performance Analysis

Equity Residential annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 2,708,610,00011.4%
20232023-12-31USD 2,835,847,0004.7%
20242024-12-31USD 2,946,852,0003.9%
20252025-12-31USD 3,063,693,0004.0%
Equity Residential sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-301.8%
Q42025-12-310.8%
Q12026-03-31-1.2%
Q22026-06-300.7%
Equity Residential annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.05-42.0%
20232023-12-31USD 2.207.0%
20242024-12-31USD 2.7223.6%
20252025-12-31USD 2.948.0%
Equity Residential sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3048.0%
Q42025-12-3135.1%
Q12026-03-31-76.0%
Q22026-06-3025.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$785.05M

+2.1%

Gross Profit

$481.89M

-0.7%

Gross Margin

61.38%

N/A

Market Cap

$24.91BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$10.38M

N/A

Employees

2,400

N/A

Net Income

$114.14M

-40.7%

EBITDA

$481.36M

-8.1%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$36.41M

+16.4%

Total Debt

$8.57B

-1.3%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$7.90B

+0.1%

Short Term Debt

$667.85M

-14.6%

Return on Assets

4.32%

N/A

Return on Invested Capital

4.63%

N/A

Free Cash Flow

$367.77M

+34.1%

Operating Cash Flow

$301.88M

-16.0%

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Questions About EQR

What is the current price of Equity Residential?

Equity Residential is trading at $66.45 per share.

What is the 52-week range for Equity Residential?

Over the past 52 weeks, Equity Residential has traded between $57.57 and $71.50.

How much debt does Equity Residential have?

As of the most recent reporting period, Equity Residential reported total debt of $8.26B.

How much cash does Equity Residential have on hand?

Equity Residential reported $36.41M in cash and cash equivalents in its most recent financial results.

What is Equity Residential’s dividend yield?

Equity Residential currently has a dividend yield of 4.20%.

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