S&P 500 7,500.58 ▲ 80.48 (+1.08%) DOW 51,564.70 ▲ 72.10 (+0.14%) NASDAQ 26,517.93 ▲ 496.23 (+1.91%) US Markets Closed â€ĸ 06:42 AM ET

EQR

Equity Residential

Price Chart
Latest Quote

$64.09

-0.54 (-0.84%)
Current Price
Previous Close $64.63
Open $65.47
Day High $65.47
Day Low $63.81
Volume 2,640,857
Fetched: 2026-06-22T10:42:25
Stock Information
Quarterly Dividend / Yield $2.81 / 4.38%
Shares Outstanding 374.71M
Quarterly Dividend Yield 4.38%
Quarterly Dividend $2.81
Total Debt $8.64B
Cash Equivalents $34.68M
Revenue $3.11B
Net Income $952.15M
Sector Real Estate
Industry REIT - Residential
Market Cap $24.76B
P/E Ratio 25.64
EPS (TTM) $2.50
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$32.99B
Sales$3.11B
Income$952.15M
Book/sh$28.43
Cash/sh$0.09
Employees2K
Financial Ratios
Quick Ratio0.03
Current Ratio0.12
Debt/Eq78.42
EPS Growth TTM-64.90%
Returns & Margins
ROA2.71%
ROE8.67%
Gross Margin62.78%
Operating Margin27.40%
Profit Margin30.63%
Ownership
Insider Ownership0.59%
Institutional Ownership99.13%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E40.82
PEG16.10
P/S7.95
P/B2.25
Analyst Data
Recommendationbuy
Target Price$71.56
Technical Indicators
SMA20$66.44
SMA50$64.91
SMA200$61.84
RSI43.09
ATR1.3793
Shares Float336.90M
Short Float3.10%
Short Ratio3.31
Volatility0.76
Rel Volume1.66
Performance History
Week-3.84%
Month-2.51%
Quarter+9.37%
6 Months+8.00%
YTD+4.57%
Year-2.57%
3 Years+9.99%
5 Years-3.68%
10 Years+46.32%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-18 $64.09 5,776,800
2026-06-17 $64.63 3,555,900
2026-06-16 $66.40 2,551,600
2026-06-15 $66.18 4,916,100
2026-06-12 $67.34 2,315,500
2026-06-11 $66.65 2,971,300
2026-06-10 $67.61 3,952,200
2026-06-09 $67.86 3,209,400
2026-06-08 $67.34 2,652,000
2026-06-05 $68.19 2,159,700
2026-06-04 $67.90 2,840,700
2026-06-03 $66.14 2,744,300
2026-06-02 $66.21 3,562,400
2026-06-01 $65.81 3,933,800
2026-05-29 $65.45 8,077,900
2026-05-28 $66.26 2,420,400
2026-05-27 $66.63 3,284,300
2026-05-26 $66.13 2,050,000
2026-05-22 $66.20 2,035,000
2026-05-21 $65.76 4,637,600
2026-05-20 $66.28 2,104,600
2026-05-19 $65.74 3,500,600
About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages 312 rental properties consisting of 85,190 apartment units in dynamic metro areas across the U.S. with a primary concentration in major coastal markets, diversified by a targeted presence in the high-growth metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver. Equity Residential was incorporated in 1993 and is based in Chicago, United States.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $1,135,692,000 $1,080,017,000 $1,033,698,000 $970,424,000
Cost Of Revenue $1,148,527,000 $1,094,565,000 $1,046,493,000 $982,581,000
Total Revenue $3,093,959,000 $2,980,108,000 $2,873,964,000 $2,735,180,000
Operating Revenue $3,093,959,000 $2,980,108,000 $2,873,964,000 $2,735,180,000
Expenses
Interest Expense $306,798,000 $285,735,000 $269,556,000 $282,920,000
Total Expenses $2,224,207,000 $2,108,409,000 $1,995,918,000 $1,923,459,000
Other Income Expense $565,903,000 $472,746,000 $253,120,000 $290,661,000
Other Non Operating Income Expenses $-60,485,000 $-74,051,000 $-29,419,000 $-13,664,000
Net Non Operating Interest Income Expense $-263,126,000 $-263,240,000 $-256,152,000 $-289,456,000
Total Other Finance Cost $8,768,000 $7,834,000 $8,941,000 $8,729,000
Interest Expense Non Operating $306,798,000 $285,735,000 $269,556,000 $282,920,000
Operating Expense $1,075,680,000 $1,013,844,000 $949,425,000 $940,878,000
General And Administrative Expense $65,280,000 $61,653,000 $60,716,000 $58,710,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $1,120,169,000 $1,035,831,000 $835,438,000 $776,911,000
Net Interest Income $-263,126,000 $-263,240,000 $-256,152,000 $-289,456,000
Interest Income $52,440,000 $30,329,000 $22,345,000 $2,193,000
Normalized Income $494,627,738 $489,669,196 $553,269,685 $472,922,922
Net Income From Continuing And Discontinued Operation $1,120,169,000 $1,035,831,000 $835,438,000 $776,911,000
Average Dilution Earnings $27,405,000 $28,932,000 $26,710,000 -
Net Income Common Stockholders $1,118,667,000 $1,032,774,000 $832,348,000 $773,821,000
Net Income $1,120,089,000 $1,035,831,000 $835,438,000 $776,911,000
Net Income Including Noncontrolling Interests $1,151,949,000 $1,070,975,000 $868,488,000 $806,995,000
Net Income Extraordinary $-80,000 $0 $0 $0
Net Income Continuous Operations $1,152,029,000 $1,070,975,000 $868,488,000 $806,995,000
Earnings From Equity Interest Net Of Tax $-18,915,000 $-8,974,000 $-5,378,000 $-5,031,000
Pretax Income $1,172,529,000 $1,081,205,000 $875,014,000 $812,926,000
Interest Income Non Operating $52,440,000 $30,329,000 $22,345,000 $2,193,000
Operating Income $869,752,000 $871,699,000 $878,046,000 $811,721,000
Depreciation Amortization Depletion Income Statement $1,010,400,000 $952,191,000 $888,709,000 $882,168,000
Depreciation And Amortization In Income Statement $1,010,400,000 $952,191,000 $888,709,000 $882,168,000
Depreciation Income Statement $1,010,400,000 $952,191,000 $888,709,000 $882,168,000
Gross Profit $1,945,432,000 $1,885,543,000 $1,827,471,000 $1,752,599,000
Total Operating Income As Reported - - $1,160,585,000 $1,116,046,000
Net Income From Tax Loss Carryforward - - $0 $0
Special Income Charges - - $0 $0
Per Share
Diluted EPS $2.94 $2.72 $2.20 $2.05
Basic EPS $2.95 $2.73 $2.20 $2.06
Other
Tax Effect Of Unusual Items $846,738 $635,196 $370,685 $336,922
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $1,876,174,000 $1,786,882,000 $1,763,535,000 $1,685,846,000
Total Unusual Items $626,388,000 $546,797,000 $282,539,000 $304,325,000
Total Unusual Items Excluding Goodwill $626,388,000 $546,797,000 $282,539,000 $304,325,000
Reconciled Depreciation $1,023,235,000 $966,739,000 $901,504,000 $894,325,000
EBITDA (Bullshit earnings) $2,502,562,000 $2,333,679,000 $2,046,074,000 $1,990,171,000
EBIT $1,479,327,000 $1,366,940,000 $1,144,570,000 $1,095,846,000
Diluted Average Shares $390,411,000 $390,740,000 $390,896,551 $389,450,000
Basic Average Shares $379,610,000 $378,795,000 $378,773,303 $376,209,000
Diluted NI Availto Com Stockholders $1,146,072,000 $1,061,706,000 $859,058,000 $773,821,000
Otherunder Preferred Stock Dividend $0 $1,444,000 $0 $0
Preferred Stock Dividends $1,422,000 $1,613,000 $3,090,000 $3,090,000
Minority Interests $-31,860,000 $-35,144,000 $-33,050,000 $-30,084,000
Tax Provision $1,585,000 $1,256,000 $1,148,000 $900,000
Gain On Sale Of Security $626,388,000 $546,797,000 $282,539,000 $304,325,000
Selling General And Administration $65,280,000 $61,653,000 $60,716,000 $58,710,000
Other Gand A $65,280,000 $61,653,000 $60,716,000 $58,710,000
Impairment Of Capital Assets - - $0 $0
Fetched: 2026-06-18
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $11,041,499,000 $11,044,560,000 $11,085,828,000 $11,173,439,000
Total Assets $20,746,023,000 $20,834,176,000 $20,034,564,000 $20,218,262,000
Total Non Current Assets $20,587,169,000 $20,674,010,000 $19,894,569,000 $20,081,090,000
Other Non Current Assets $367,365,000 $273,706,000 $252,953,000 $278,206,000
Current Assets $158,854,000 $160,166,000 $139,995,000 $137,172,000
Restricted Cash $102,950,000 $97,864,000 $89,252,000 $83,303,000
Cash Cash Equivalents And Short Term Investments $55,904,000 $62,302,000 $50,743,000 $53,869,000
Cash And Cash Equivalents $55,904,000 $62,302,000 $50,743,000 $53,869,000
Debt
Net Debt $8,119,106,000 $8,059,443,000 $7,339,707,000 $7,371,853,000
Total Debt $8,479,585,000 $8,426,642,000 $7,702,090,000 $7,734,470,000
Long Term Debt And Capital Lease Obligation $7,892,937,000 $7,882,963,000 $7,292,959,000 $7,604,515,000
Long Term Debt $7,588,362,000 $7,578,066,000 $6,981,319,000 $7,295,767,000
Current Debt And Capital Lease Obligation $586,648,000 $543,679,000 $409,131,000 $129,955,000
Current Debt $586,648,000 $543,679,000 $409,131,000 $129,955,000
Liabilities
Total Liabilities Net Minority Interest $9,336,889,000 $9,249,829,000 $8,456,188,000 $8,517,310,000
Total Non Current Liabilities Net Minority Interest $8,299,708,000 $8,269,133,000 $7,634,733,000 $7,980,396,000
Other Non Current Liabilities $406,771,000 $386,170,000 $341,774,000 $375,881,000
Current Liabilities $1,037,181,000 $980,696,000 $821,455,000 $536,914,000
Payables And Accrued Expenses $450,533,000 $437,017,000 $412,324,000 $406,959,000
Interest Payable $73,860,000 $74,176,000 $65,716,000 $66,310,000
Payables $376,673,000 $362,841,000 $346,608,000 $340,649,000
Dividends Payable $267,508,000 $263,494,000 $259,231,000 $244,621,000
Accounts Payable $109,165,000 $99,347,000 $87,377,000 $96,028,000
Equity
Common Stock Equity $11,024,344,000 $11,027,405,000 $11,048,548,000 $11,136,159,000
Preferred Stock Equity $17,155,000 $17,155,000 $37,280,000 $37,280,000
Total Equity Gross Minority Interest $11,409,134,000 $11,584,347,000 $11,578,376,000 $11,700,952,000
Stockholders Equity $11,041,499,000 $11,044,560,000 $11,085,828,000 $11,173,439,000
Gains Losses Not Affecting Retained Earnings $2,175,000 $4,214,000 $5,704,000 $-2,547,000
Other Equity Adjustments $2,175,000 $4,214,000 $5,704,000 $-2,547,000
Retained Earnings $1,193,931,000 $1,407,570,000 $1,437,185,000 $1,658,837,000
Long Term Equity Investment $325,939,000 $386,531,000 $282,049,000 $279,024,000
Preferred Securities Outside Stock Equity - - - -
Other
Ordinary Shares Number $377,806,173 $379,475,383 $379,291,417 $378,429,708
Share Issued $377,806,173 $379,475,383 $379,291,417 $378,429,708
Tangible Book Value $11,024,344,000 $11,027,405,000 $11,048,548,000 $11,136,159,000
Invested Capital $19,199,354,000 $19,149,150,000 $18,438,998,000 $18,561,881,000
Working Capital $-878,327,000 $-820,530,000 $-681,460,000 $-399,742,000
Capital Lease Obligations $304,575,000 $304,897,000 $311,640,000 $308,748,000
Total Capitalization $18,629,861,000 $18,622,626,000 $18,067,147,000 $18,469,206,000
Minority Interest $367,635,000 $539,787,000 $492,548,000 $527,513,000
Additional Paid In Capital $9,824,460,000 $9,611,826,000 $9,601,866,000 $9,476,085,000
Capital Stock $20,933,000 $20,950,000 $41,073,000 $41,064,000
Common Stock $3,778,000 $3,795,000 $3,793,000 $3,784,000
Preferred Stock $17,155,000 $17,155,000 $37,280,000 $37,280,000
Long Term Capital Lease Obligation $304,575,000 $304,897,000 $311,640,000 $308,748,000
Commercial Paper $586,648,000 $543,679,000 - -
Current Accrued Expenses $73,860,000 $74,176,000 $65,716,000 $66,310,000
Investments And Advances $325,939,000 $386,531,000 $282,049,000 $279,024,000
Investmentsin Joint Venturesat Cost $325,939,000 $386,531,000 $282,049,000 $279,024,000
Investment Properties $19,438,949,000 $19,558,328,000 $18,902,301,000 $19,060,904,000
Net PPE $454,916,000 $455,445,000 $457,266,000 $462,956,000
Gross PPE $454,916,000 $455,445,000 $457,266,000 $462,956,000
Other Properties $454,916,000 $455,445,000 $457,266,000 -
Buildings And Improvements - - $38,745,000 $34,767,000
Land And Improvements - - $418,521,000 $428,189,000
Properties - - $0 $0
Fetched: 2026-06-18
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $1,289,704,000 $1,254,918,000 $1,199,258,000 $1,222,515,000
Operating Activities
Operating Cash Flow $1,648,763,000 $1,573,607,000 $1,532,798,000 $1,454,756,000
Cash Flow From Continuing Operating Activities $1,648,763,000 $1,573,607,000 $1,532,798,000 $1,454,756,000
Operating Gains Losses $-605,843,000 $-533,343,000 $-274,940,000 $-288,235,000
Investing Activities
Capital Expenditure $-359,059,000 $-318,689,000 $-333,540,000 $-232,241,000
Investing Cash Flow $-321,362,000 $-1,176,484,000 $-409,504,000 $107,792,000
Cash Flow From Continuing Investing Activities $-321,362,000 $-1,176,484,000 $-409,504,000 $107,792,000
Net Other Investing Changes $-56,755,000 - - -
Capital Expenditure Reported $-354,476,000 $-315,923,000 $-331,689,000 $-228,191,000
Financing Activities
Repurchase Of Capital Stock $-280,720,000 $-60,043,000 $-49,105,000 $0
Financing Cash Flow $-1,328,713,000 $-376,952,000 $-1,120,471,000 $-1,785,612,000
Cash Flow From Continuing Financing Activities $-1,328,713,000 $-376,952,000 $-1,120,471,000 $-1,785,612,000
Net Other Financing Charges $-52,406,000 $-45,517,000 $-18,735,000 $-91,044,000
Cash Dividends Paid $-1,047,669,000 $-1,021,436,000 $-993,238,000 $-934,101,000
Preferred Stock Dividend Paid $-1,422,000 $-2,386,000 $-3,090,000 $-2,318,000
Common Stock Dividend Paid $-1,046,247,000 $-1,019,050,000 $-990,148,000 $-931,783,000
Net Preferred Stock Issuance $0 $-21,569,000 $0 $0
Net Common Stock Issuance $-280,720,000 $-38,474,000 $-49,105,000 $139,623,000
Dividends Received Cfi $13,880,000 $1,409,000 $42,000 $300,000
Dividend Received Cfo $4,540,000 $555,000 $559,000 $398,000
Issuance Of Capital Stock - $0 $0 $139,623,000
Common Stock Issuance - $0 $0 $139,623,000
Other
Repayment Of Debt $-48,360,056,000 $-33,382,735,000 $-6,783,506,000 $-7,013,474,000
Issuance Of Debt $48,403,919,000 $34,106,257,000 $6,696,964,000 $6,084,137,000
End Cash Position $158,854,000 $160,166,000 $139,995,000 $137,172,000
Beginning Cash Position $160,166,000 $139,995,000 $137,172,000 $360,236,000
Changes In Cash $-1,312,000 $20,171,000 $2,823,000 $-223,064,000
Proceeds From Stock Option Exercised $8,219,000 $26,522,000 $27,149,000 $29,247,000
Preferred Stock Payments $0 $-21,569,000 $0 $0
Common Stock Payments $-280,720,000 $-38,474,000 $-49,105,000 $0
Net Issuance Payments Of Debt $43,863,000 $723,522,000 $-86,542,000 $-929,337,000
Net Short Term Debt Issuance $42,969,000 $134,548,000 $279,176,000 $-185,075,000
Short Term Debt Payments $-47,862,370,000 $-33,373,755,000 $-5,844,892,000 $-6,221,158,000
Short Term Debt Issuance $47,905,339,000 $33,508,303,000 $6,124,068,000 $6,036,083,000
Net Long Term Debt Issuance $894,000 $588,974,000 $-365,718,000 $-744,262,000
Long Term Debt Payments $-497,686,000 $-8,980,000 $-938,614,000 $-792,316,000
Long Term Debt Issuance $498,580,000 $597,954,000 $572,896,000 $48,054,000
Net Investment Purchase And Sale $790,000 $15,041,000 $542,000 $1,523,000
Sale Of Investment $1,040,000 $15,041,000 $3,042,000 $3,584,000
Purchase Of Investment $-250,000 $0 $-2,500,000 $-2,061,000
Net Investment Properties Purchase And Sale $333,857,000 $-764,524,000 $-28,676,000 $497,911,000
Sale Of Investment Properties $1,107,259,000 $960,398,000 $374,018,000 $720,302,000
Purchase Of Investment Properties $-773,402,000 $-1,724,922,000 $-402,694,000 $-222,391,000
Net Business Purchase And Sale $-254,075,000 $-109,721,000 $-47,872,000 $-159,701,000
Purchase Of Business $-254,075,000 $-109,721,000 $-49,980,000 $-159,701,000
Net PPE Purchase And Sale $-4,583,000 $-2,766,000 $-1,851,000 $-4,050,000
Purchase Of PPE $-4,583,000 $-2,766,000 $-1,851,000 $-4,050,000
Change In Working Capital $46,300,000 $39,134,000 $2,159,000 $-4,692,000
Change In Other Current Liabilities $33,929,000 $32,805,000 $3,807,000 $-14,918,000
Change In Other Current Assets $-8,745,000 $-11,813,000 $-10,203,000 $10,893,000
Change In Payables And Accrued Expense $15,052,000 $11,709,000 $8,317,000 $-3,466,000
Change In Accrued Expense $-316,000 $8,460,000 $-594,000 $-3,200,000
Change In Interest Payable $-316,000 $8,460,000 $-594,000 $-3,200,000
Change In Payable $15,368,000 $3,249,000 $8,911,000 $-266,000
Change In Account Payable $15,368,000 $3,249,000 $8,911,000 $-266,000
Change In Prepaid Assets $6,064,000 $6,433,000 $238,000 $2,799,000
Other Non Cash Items $14,036,000 $12,985,000 $13,032,000 $13,733,000
Stock Based Compensation $32,210,000 $31,287,000 $31,815,000 $29,513,000
Unrealized Gain Loss On Investment Securities $-25,399,000 $-19,880,000 $-13,466,000 $-2,061,000
Asset Impairment Charge $7,735,000 $5,155,000 $3,647,000 $4,780,000
Depreciation Amortization Depletion $1,023,235,000 $966,739,000 $901,504,000 $894,325,000
Depreciation And Amortization $1,023,235,000 $966,739,000 $901,504,000 $894,325,000
Depreciation $1,023,235,000 $966,739,000 $901,504,000 $894,325,000
Earnings Losses From Equity Investments $18,915,000 $8,974,000 $5,378,000 $5,031,000
Gain Loss On Investment Securities $-624,758,000 $-542,317,000 $-280,318,000 $-293,266,000
Net Income From Continuing Operations $1,151,949,000 $1,070,975,000 $868,488,000 $806,995,000
Interest Paid Supplemental Data - $241,034,000 $248,990,000 $267,612,000
Income Tax Paid Supplemental Data - $1,339,000 $1,091,000 $748,000
Sale Of Business - $0 $2,108,000 $0
Amortization Cash Flow - - $0 $0
Amortization Of Intangibles - - $0 $0
Interest Received Cfi - - - -
Fetched: 2026-06-18