Stock EQR EQUITY RESIDENTIAL
Add to a list
To use this feature you must be a member
Log inSign up

Financials Equity Residential

Equities

EQR

US29476L1070

Residential REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
65.14 USD +0.40% Intraday chart for Equity Residential +5.85% +6.51%
Apr. 25 RBC Lifts Price Target on Equity Residential to $69 From $68, Keeps Outperform Rating MT
Apr. 25 Evercore ISI Adjusts Price Target on Equity Residential to $70 From $67 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,050 22,067 33,939 22,297 23,224 24,684 - -
Enterprise Value (EV) 1 39,032 30,069 42,157 29,669 30,564 32,132 32,151 32,274
P/E ratio 31.1 x 24.2 x 25.6 x 28.8 x 27.8 x 41 x 39.3 x 36.4 x
Yield 2.81% 4.07% 2.66% 4.24% 4.33% 4.14% 4.28% 4.39%
Capitalization / Revenue 11.1 x 8.58 x 13.8 x 8.15 x 8.08 x 8.36 x 8.08 x 7.81 x
EV / Revenue 14.5 x 11.7 x 17.1 x 10.8 x 10.6 x 10.9 x 10.5 x 10.2 x
EV / EBITDA 22.6 x 18.7 x 28.8 x 17.7 x 17.2 x 17.8 x 17.1 x 16.5 x
EV / FCF 26.9 x 24.1 x 33.5 x 20.5 x 20 x 30.2 x 24.7 x 30.4 x
FCF Yield 3.72% 4.14% 2.99% 4.89% 5.01% 3.31% 4.04% 3.29%
Price to Book 2.92 x 2.17 x 3.09 x 1.99 x 2.09 x 2.35 x 2.44 x 2.54 x
Nbr of stocks (in thousands) 371,354 372,253 375,016 377,919 379,725 378,940 - -
Reference price 2 80.92 59.28 90.50 59.00 61.16 65.14 65.14 65.14
Announcement Date 1/28/20 2/10/21 2/1/22 2/9/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,701 2,572 2,464 2,735 2,874 2,953 3,054 3,161
EBITDA 1 1,725 1,611 1,461 1,679 1,774 1,802 1,882 1,956
EBIT 1 908.9 786.2 620.4 811.7 878 893.7 937.7 974.5
Operating Margin 33.65% 30.57% 25.18% 29.68% 30.55% 30.27% 30.7% 30.83%
Earnings before Tax (EBT) 1 939.4 932.4 1,401 812.9 875 589.7 626.5 656.4
Net income 1 967.3 910.5 1,330 773.8 832.3 591.7 629.7 676.4
Net margin 35.82% 35.41% 53.97% 28.29% 28.96% 20.04% 20.62% 21.4%
EPS 2 2.600 2.450 3.540 2.050 2.200 1.589 1.657 1.790
Free Cash Flow 1 1,452 1,245 1,258 1,451 1,531 1,064 1,300 1,061
FCF margin 53.77% 48.43% 51.08% 53.04% 53.27% 36.03% 42.58% 33.57%
FCF Conversion (EBITDA) 84.19% 77.29% 86.11% 86.41% 86.28% 59.03% 69.1% 54.25%
FCF Conversion (Net income) 150.11% 136.78% 94.64% 187.47% 183.93% 179.8% 206.52% 156.9%
Dividend per Share 2 2.270 2.410 2.410 2.500 2.650 2.694 2.787 2.862
Announcement Date 1/28/20 2/10/21 2/1/22 2/9/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 623.2 645.1 653.3 687 695.1 699.7 705.1 717.3 724.1 727.5 730.8 734.5 742.2 746.8 752.4
EBITDA 1 373.7 396.9 380.4 426.4 432.5 439.6 414.6 442.3 451.8 465.7 438.9 449.3 457 473.4 442.9
EBIT 1 157.6 174.1 149.8 202 217.5 242.4 197.4 218.5 225.1 237 210.4 218.5 222.9 236.9 228.8
Operating Margin 25.29% 26.99% 22.93% 29.41% 31.28% 34.64% 27.99% 30.47% 31.09% 32.58% 28.79% 29.75% 30.04% 31.72% 30.4%
Earnings before Tax (EBT) 1 448.8 561.6 75.34 234.1 336.3 167.1 221.8 146.4 182.8 324.1 307 151.8 152 163.3 143.6
Net income 1 431.2 526.2 69.99 223.3 322.3 158.2 211.3 138.4 171.7 310.9 293.8 143.7 147.5 162.2 138
Net margin 69.19% 81.57% 10.71% 32.51% 46.36% 22.62% 29.96% 19.3% 23.72% 42.74% 40.2% 19.57% 19.88% 21.72% 18.34%
EPS 2 1.150 1.400 0.1900 0.5900 0.8600 0.4200 0.5600 0.3700 0.4500 0.8200 0.7700 0.4019 0.4148 0.4328 0.3695
Dividend per Share 2 0.6025 0.6025 0.6250 0.6250 0.6250 0.6250 0.6625 0.6625 0.6625 0.6625 0.6748 0.6800 0.6800 0.6800 0.7012
Announcement Date 10/26/21 2/1/22 4/26/22 7/26/22 10/25/22 2/9/23 4/25/23 7/27/23 10/31/23 1/30/24 4/23/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,982 8,002 8,218 7,372 7,340 7,448 7,466 7,590
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.208 x 4.966 x 5.623 x 4.391 x 4.136 x 4.133 x 3.967 x 3.88 x
Free Cash Flow 1 1,452 1,245 1,258 1,451 1,531 1,064 1,300 1,061
ROE (net income / shareholders' equity) 9.44% 8.74% 2.56% 6.99% 4.94% 5.44% 7.03% 7.96%
ROA (Net income/ Total Assets) 4.65% 4.39% 1.33% 3.74% 2.73% 2.89% 4.11% 4.48%
Assets 1 20,784 20,730 100,218 20,694 30,449 20,496 15,314 15,110
Book Value Per Share 2 27.80 27.30 29.30 29.70 29.20 27.70 26.70 25.70
Cash Flow per Share 2 3.770 3.280 3.230 3.740 3.920 4.000 4.170 4.350
Capex 1 1,900 425 2,086 451 734 407 515 607
Capex / Sales 70.35% 16.54% 84.64% 16.47% 25.55% 13.78% 16.86% 19.2%
Announcement Date 1/28/20 2/10/21 2/1/22 2/9/23 1/30/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Equity Residential

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
65.14 USD
Average target price
67.35 USD
Spread / Average Target
+3.39%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential REITs

1st Jan change Capi.
EQUITY RESIDENTIAL Stock Equity Residential
+6.51% 24.68B
INVITATION HOMES INC. Stock Invitation Homes Inc.
+1.79% 21.27B
ESSEX PROPERTY TRUST, INC. Stock Essex Property Trust, Inc.
-0.41% 15.85B
MID-AMERICA APARTMENT COMMUNITY, INC. Stock Mid-America Apartment Community, Inc.
-3.89% 15.08B
SUN COMMUNITIES, INC. Stock Sun Communities, Inc.
-10.90% 14.84B
AMERICAN HOMES 4 RENT Stock American Homes 4 Rent
+1.25% 13.34B
UDR INC. Stock UDR Inc.
-0.99% 12.48B
EQUITY LIFESTYLE PROPERTIES, INC. Stock Equity LifeStyle Properties, Inc.
-14.19% 11.29B
CAMDEN PROPERTY TRUST Stock Camden Property Trust
+0.33% 10.84B
APARTMENT INCOME REIT CORP. Stock Apartment Income REIT Corp.
+10.60% 5.57B
Residential REITs
  1. Stock Market
  2. Equities
  3. EQR Stock
  4. Financials Equity Residential