Equity Residential

Symbol: EQR
CIK: 906107
Exchange: NYSE
Founded: 1967 (53 years)
HQ: Chicago, IL, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Residential

See EQR on Google Finance
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See EQR on SEC.gov

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Overall Score: 8.3

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 17, 2020


Open Price: $82.45
Closing Price: $82.5
Price Change: -0.01 (-0.012%)
Lowest Price: $81.99
Highest Price: $82.79

52-Week Low: $69.02
52-Week High: $89.55
52-Week Change: 18.01%

5 Day Price Change: 1.54%
1 Month Price Change: 3.00%
3 Month Price Change: -5.97%
6 Month Price Change: 4.92%
YTD Price Change: 3.44%
1 Year Price Change: 18.02%
2 Year Price Change: 36.00%
5 Year Price Change: 3.93%

Dividend of Trading Day January 17, 2020


Dividend Yield: 2.752%*
Annualized Dividend: $2.27*
Dividend Yield (TTM): 2.718%
Annualized Dividend (TTM): $2.2425
Ex Dividend Date: 2019-12-31
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day January 17, 2020


Total Cash: $47,442,000
Current Debt: $974,954,000
Revenue: $2,559,911,000
Gross Profit: $894,623,000
Total Revenue: $2,559,911,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,630,927,000
Revenue Per Share: $7
Revenue Per Employee: $948,115
Employee: 2,700
Debt to Equity Ratio (D/E): 0.87
Profit Margin: 0.16%
Enterprise Value (EV): $39,410,915,540
Enterprise Value to Revenue (EV/R): 15.40
Price to Sales (P/S): 11.97
Price to Book (P/B): 3.01
Peg Ratio: 1.67
P/E Ratio: 37.51
P/E High: 42.04
P/E Low: 31.83
Forward P/E Ratio: 38.92
Market Capitalization: $30,636,705,000
Beta: 0.28
Latest Volume: 1,796,411.00
Avg. Total Volume: 1,579,719
Avg. 10 Volume: 1,419,982.10
Avg. 30 Volume: 1,579,718.97
TTM EPS: 2.20
TTM Dividend Rate: 2.24
Shares Outstanding: 371,354,000
Float: 364,801,087.00
50-Day Moving Avg.: 82.87
200-Day Moving Avg.: 81.21

Properties Owned by EQR


Properties Based on REIT's Official Presentation

Properties Types States Countries
303 1 5 1

Please visit REIT’s official webpage for the most up-to-date property list.

EQR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by EQR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 28,777,000 251,273,000 29,391,000 47,442,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 108,293,000 111,102,000 126,968,000 127,220,000
Property, Plant & Equipment Net 481,044,000 431,753,000 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 166,231,000
Other Assets 249,991,000 227,430,000 675,812,000 238,575,000
Net Tangible Assets 10,182,636,000 10,153,529,000 10,046,886,000 9,980,026,000
Total Assets 21,054,056,000 20,990,711,000 20,768,811,000 20,394,209,000
Accounts Payable 0 0 0 0
Liabilities (Other) 826,810,000 763,084,000 1,117,074,000 797,515,000
Current Liabilities (Other) 218,136,000 218,697,000 218,471,000 206,601,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 376,925,000 474,097,000 0 974,954,000
Long-term Debt 8,948,323,000 8,937,944,000 8,952,670,000 7,842,985,000
Total Liabilities 10,152,058,000 10,175,125,000 10,069,744,000 9,615,454,000
Minority Interest 10,740,000 12,331,000 4,718,000 5,201,000
Common Stock 371,327,332 3,708,000 3,705,000 3,694,000
Retained Earnings 1,308,423,000 1,252,809,000 1,155,032,000 1,261,763,000
Treasury Stock 0 0 0 0
Capital Surplus 8,917,312,000 8,949,581,000 8,925,882,000 8,935,453,000
Shareholder Equity 10,182,636,000 10,153,529,000 10,046,886,000 10,173,204,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 679,370,000 664,991,000 658,083,000 648,176,000
Cost of Revenue 438,926,000 427,697,000 437,105,000 421,027,000
Gross Profit 240,444,000 237,294,000 220,978,000 227,149,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 447,329,000 439,096,000 452,486,000 433,420,000
Operating Income 232,041,000 225,895,000 204,342,000 214,756,000
Income Expense Net (Other) 45,323,000 26,708,000 -94,141,000 -91,551,000
EBIT 232,041,000 225,895,000 204,342,000 214,756,000
Interest Income 83,060,000 108,040,000 91,426,000 89,412,000
Pretax Income 277,364,000 252,603,000 110,201,000 123,205,000
Income Tax 265,000 246,000 238,000 111,000
Minority Interest 10,740,000 12,331,000 4,718,000 5,201,000
Net Income 265,207,000 308,791,000 104,538,000 117,219,000
Net Income Basic 264,434,000 308,019,000 103,765,000 116,447,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 265,207,000 308,791,000 104,538,000 117,219,000
Depreciation 214,474,000 207,443,000 204,197,000 202,954,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -224,872,000 215,962,000 -22,807,000 27,563,000
Cash Flow 403,407,000 317,228,000 373,545,000 312,104,000
Capital Expenditures -46,807,000 -47,510,000 -34,018,000 -47,227,000
Investments -240,096,000 31,461,000 -311,815,000 -59,087,000
Investing Activity (Other) -2,122,000 -1,477,000 -1,202,000 -1,713,000
Total Investing Cash Flows -289,025,000 -17,526,000 -347,035,000 -108,027,000
Dividends Paid -211,993,000 -210,967,000 -199,749,000 -200,483,000
Net Borrowings -137,169,000 158,568,000 130,670,000 -9,884,000
Cash Flow Financing -339,254,000 -83,740,000 -49,317,000 -176,514,000
Financing Cash Flows (Other) -8,708,000 -50,339,000 -11,224,000 8,393,000
Exchange Rate Effect 0 0 0 0

About Equity Residential


Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 303 properties consisting of 77,498 apartment units located primarily in Boston, New York, Washington DC, Seattle, San Francisco and Southern California.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
9 Dividend to Normalized FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios during the last four quarters. 8.9
8 Dividend to Normalized FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
10 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 8.7
7 Normalized FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.2
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.1
Rating Leverage Section Avg. Rating
8 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
8.3 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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