Equity Residential | REIT Profile

Symbol: EQR
CIK: 906107
Exchange: NYSE
Founded: 1967 (55 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
See EQR on Yahoo Finance
See EQR on SEC.gov

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Overall Score: 8.0

See score breakdown | See trend

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 14, 2022


Open Price: $91.02
Closing Price: $90.83
Price Change: -0.64 (-0.7%)
Lowest Price: $89.8
Highest Price: $91.22

52-Week Low: $58.10
52-Week High: $93.03
52-Week Change: 56.10%

5 Day Price Change: 0.83%
1 Month Price Change: 4.68%
3 Month Price Change: 9.58%
6 Month Price Change: 14.17%
YTD Price Change: 1.07%
1 Year Price Change: 58.24%
2 Year Price Change: 19.47%
5 Year Price Change: 70.27%

Dividend of Trading Day January 14, 2022


Dividend Yield: 2.653%*
Annualized Dividend: $2.41*
Dividend Yield (TTM): 2.607%
Annualized Dividend (TTM): $2.3847
Ex-Dividend Date: 2021-12-31
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)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: $39,707,000
Current Debt: $521,222,000
Revenue: $2,432,278,000
Gross Profit: $2,432,278,000
Total Revenue: $2,432,278,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,437,322,000
Revenue Per Share: $6
Revenue Per Employee: $900,844
Employee: 2,600
Debt to Equity Ratio (D/E): 1.94
Profit Margin: 0.43%
Enterprise Value (EV): $42,407,674,826
Enterprise Value to Revenue (EV/R): 17.44
Price to Sales (P/S): 14.10
Price to Book (P/B): 3.23
Price/Earnings-to-Growth (PEG) Ratio: 2.89
P/E Ratio: 33.27
P/E High: 34.05
P/E Low: 24.73
Forward P/E Ratio: 63.08
Market Capitalization: $34,062,723,444
Beta: 0.75
Latest Volume: 1,379,786
Avg. Total Volume: 1,404,778
Avg. 10-Day Volume: 1,594,264
Avg. 30-Day Volume: 1,404,778
TTM EPS: 2.73
Shares Outstanding: 375,016,222
Float: N/A
50-Day Moving Avg.: $87.87
200-Day Moving Avg.: $83.84

Latest REIT Community Comments on #EQR


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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


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $85.05 per share you would have been able to buy 11 shares of EQR on 2021-01-16 costing $935.55 @ $85.05 per share you would have been able to buy 5 shares of EQR on 2021-01-16 costing $425.25 @ $85.05 per share you would have been able to buy 2 shares of EQR on 2021-01-16 costing $170.10 @ $85.05 per share you would have been able to buy 1 shares of EQR on 2021-01-16 costing $85.05 @ $85.05 per share you would have been able to buy 0 shares of EQR on 2021-01-16 costing $0.00
Current worth On 2022-01-14 these 11 shares would be worth $999.13 @ $90.83 On 2022-01-14 these 5 shares would be worth $454.15 @ $90.83 On 2022-01-14 these 2 shares would be worth $181.66 @ $90.83 On 2022-01-14 these 1 shares would be worth $90.83 @ $90.83 On 2022-01-14 these 0 shares would be worth $0.00 @ $90.83
Dividends earned $26.51 in dividends would have been earned since 2021-01-16 with 11 shares. $12 in dividends would have been earned since 2021-01-16 with 5 shares. $4.82 in dividends would have been earned since 2021-01-16 with 2 shares. $2.41 in dividends would have been earned since 2021-01-16 with 1 shares. $0.00 in dividends would have been earned since 2021-01-16 with 5 shares.
Net (gain / loss)* 90.09 USD 40.95 USD 16.38 USD 8.19 USD 0.00 USD
ROI** 9.63% 9.63% 9.63% 9.63% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

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
EQR 2021-12-31 0.603 --- 2021-12-16 2022-01-03 2022-01-14
EQR 2021-09-24 0.603 --- 2021-09-15 2021-09-27 2021-10-08
EQR 2021-06-25 0.603 --- 2021-06-17 2021-06-28 2021-07-09
EQR 2021-03-26 0.603 --- 2021-03-18 2021-03-29 2021-04-09
EQR 2020-12-31 0.603 --- 2020-12-17 2021-01-04 2021-01-15
EQR 2020-09-24 0.603 --- 2020-09-15 2020-09-25 2020-10-09
EQR 2020-06-19 0.603 --- 2020-06-10 2020-06-22 2020-07-10
EQR 2020-03-20 0.603 6.17% 2020-03-12 2020-03-23 2020-04-13
EQR 2019-12-31 0.568 --- 2019-12-19 2020-01-02 2020-01-10
EQR 2019-09-27 0.568 --- 2019-09-19 2019-09-30 2019-10-11
EQR 2019-06-27 0.568 --- 2019-06-18 2019-06-28 2019-07-12
EQR 2019-03-22 0.568 5.09% 2019-03-14 2019-03-25 2019-04-12
EQR 2018-12-31 0.540 --- 2018-12-13 2019-01-02 2019-01-11
EQR 2018-09-21 0.540 --- 2018-09-14 2018-09-24 2018-10-12
EQR 2018-06-22 0.540 --- 2018-06-14 2018-06-25 2018-07-13
EQR 2018-03-23 0.540 7.19% 2018-03-15 2018-03-26 2018-04-13
EQR 2017-12-29 0.504 --- 2017-12-19 2018-01-02 2018-01-12
EQR 2017-09-22 0.504 --- 2017-09-15 2017-09-25 2017-10-13
EQR 2017-06-22 0.504 --- 2017-06-15 2017-06-26 2017-07-14
EQR 2017-03-23 0.504 --- 2017-03-16 2017-03-27 2017-04-17

Earnings Press Releases


Below are the Earnings Press Releases for EQR. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q3 Equity Residential Reports Third Quarter 2021 Results

Financial Statements Overview


The next Earnings Report for EQR is 2022-02-01

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 39,707,000 39,492,000 35,453,000 42,591,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 226,749,000 392,501,000 97,836,000 42,591,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 20,436,266,000 20,071,845,000 20,071,179,000 20,244,300,000
Property, Plant & Equipment Net 19,604,869,000 19,241,091,000 19,242,185,000 19,343,668,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 274,275,000 296,719,000 290,721,000 291,426,000
Net Tangible Assets 10,625,277,000 10,396,711,000 10,277,520,000 10,488,371,000
Total Assets 20,663,015,000 20,464,346,000 20,169,015,000 20,286,891,000
Accounts Payable 0 0 0 0
Liabilities (Other) 350,201,000 341,817,000 335,664,000 345,064,000
Current Liabilities (Other) 521,222,000 475,288,000 517,193,000 466,004,000
Total Current Liabilities 521,222,000 475,288,000 517,193,000 466,004,000
Current Long-term Debt 0 0 0 0
Long-term Debt 8,144,648,000 8,250,692,000 8,037,556,000 8,044,256,000
Total Liabilities 10,000,458,000 10,030,355,000 9,854,215,000 9,761,240,000
Minority Interest 671,026,000 648,179,000 646,964,000 576,786,000
Common Stock 374,308,000 373,812,000 372,280,000 371,918,000
Retained Earnings 1,527,115,000 1,321,875,000 1,231,808,000 1,399,715,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 10,662,557,000 10,433,991,000 10,314,800,000 10,525,651,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 623,206,000 598,059,000 597,602,000 613,411,000
Cost of Revenue 0 0 0 0
Gross Profit 623,206,000 598,059,000 597,602,000 613,411,000
Research and Development 0 0 0 0
Selling General and Admin 13,041,000 14,678,000 15,383,000 11,093,000
Operating Expense 465,580,000 444,953,000 461,999,000 436,418,000
Operating Income 157,626,000 153,106,000 135,603,000 176,993,000
Income Expense Net (Other) 0 0 0 0
EBIT 156,470,000 152,845,000 133,992,000 176,154,000
Interest Income 68,251,000 67,124,000 67,358,000 116,724,000
Pretax Income 447,616,000 328,282,000 60,517,000 229,100,000
Income Tax 284,000 242,000 153,000 350,000
Minority Interest 15,381,000 11,654,000 2,825,000 10,128,000
Net Income 431,178,000 315,614,000 56,766,000 252,084,000
Net Income Basic 431,178,000 315,614,000 56,766,000 252,084,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 431,178,000 315,614,000 56,766,000 252,084,000
Depreciation 218,221,000 205,001,000 202,942,000 832,514,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 39,707,000 39,492,000 35,453,000 42,591,000
Cash Flow 402,088,000 230,072,000 346,053,000 231,212,000
Capital Expenditures -89,166,000 -98,774,000 -93,867,000 -366,311,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -254,234,000 70,990,000 -126,345,000 247,128,000
Dividends Paid 0 0 0 0
Net Borrowings 8,104,941,000 8,211,200,000 8,002,103,000 8,001,665,000
Cash Flow Financing -313,606,000 -6,397,000 -221,600,000 -613,826,000
Financing Cash Flows (Other) 0 0 0 0
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
7 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to Normalized FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios during the last four quarters. 8.8
10 Dividend to Normalized FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
6 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 7.7
7 Normalized FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
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. 8.4
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
4 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
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. 8.0
Rating Market Cap Section Avg. Rating
8 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
8.0 Overall REITRating™ Score (See trend) 6.2

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.

Related REITs


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Apartment Investment & Management Co. (Aimco) (AIV) 3.2 NYSE Small-Cap Residential United States
AvalonBay Communities, Inc. (AVB) 8.3 NYSE Large-Cap Residential United States
UDR Inc. (UDR) 7.6 NYSE Large-Cap Residential United States
Independence Realty Trust, Inc. (IRT) 6.6 NYSE Mid-Cap Residential United States
American Homes 4 Rent (AMH) 8.6 NYSE Large-Cap Residential United States

Last updated: 2022-01-16 - v2.8