Equity ResidentialEQR
NYSE•Real Estate•REIT - 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.
Equity Residential (EQR) reported trailing twelve months revenue of $0 as of March 2026, a NaN% decline year-over-year. Quarterly revenue reached $0, reflecting a contraction in sales.
Equity Residential generated $953.58M in TTM net income, with quarterly EBITDA of $513.16M. The operating margin expanded from 50508500000.0% to 51316400000.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (51316400000.0%) and net margin (9007900000.0%) indicates significant non-operating expenses or interest burden. Net margin has narrowed from 25659200000.0% a year ago, reflecting increased costs or interest expense.
EQR trades at a P/E of 23.1x (in line with broad market averages) and a P/S of N/A. The price-to-book ratio of 2.1x reflects a moderate premium to book value.
The company generated $338.51M in free cash flow over the trailing twelve months, a 6.9% decrease year-over-year, indicating cash generation ability. The balance sheet shows $20.52B in total assets with no in long-term debt against $10.67B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~51537325000.0%, suggesting durable pricing power and cost discipline.
ROE is positive at ~9.3% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~52172000000.0% — no sign of cost or pricing stress.
FCF covers net income by 1.7x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation