Equity Residential is committed to creating communities where people thrive. More Details
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Average dividend payer and overvalued.
Share Price & News
How has Equity Residential's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EQR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: EQR's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: EQR underperformed the US REITs industry which returned 26.1% over the past year.
Return vs Market: EQR underperformed the US Market which returned 53.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Equity Residential's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StEquity Residential (NYSE:EQR) Shareholders Have Enjoyed A 31% Share Price Gain
1 month ago | Simply Wall StDon't Ignore The Fact That This Insider Just Sold Some Shares In Equity Residential (NYSE:EQR)
2 months ago | Simply Wall StHow Many Equity Residential (NYSE:EQR) Shares Have Insiders Sold, In The Last Year?
Is Equity Residential undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EQR ($72.62) is trading above our estimate of fair value ($65.13)
Significantly Below Fair Value: EQR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EQR is good value based on its PE Ratio (29.7x) compared to the US REITs industry average (47.1x).
PE vs Market: EQR is poor value based on its PE Ratio (29.7x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: EQR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: EQR is overvalued based on its PB Ratio (2.6x) compared to the US REITs industry average (1.8x).
How is Equity Residential forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQR's earnings are forecast to decline over the next 3 years (-11.9% per year).
Earnings vs Market: EQR's earnings are forecast to decline over the next 3 years (-11.9% per year).
High Growth Earnings: EQR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: EQR's revenue (2% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: EQR's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EQR's Return on Equity is forecast to be low in 3 years time (4.6%).
How has Equity Residential performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQR has a large one-off gain of $566.0M impacting its December 31 2020 financial results.
Growing Profit Margin: EQR's current net profit margins (35.4%) are lower than last year (35.9%).
Past Earnings Growth Analysis
Earnings Trend: EQR's earnings have declined by 34.3% per year over the past 5 years.
Accelerating Growth: EQR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EQR had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the REITs industry average (-4.4%).
Return on Equity
High ROE: EQR's Return on Equity (8.7%) is considered low.
How is Equity Residential's financial position?
Financial Position Analysis
Short Term Liabilities: EQR's short term assets ($141.0M) do not cover its short term liabilities ($838.1M).
Long Term Liabilities: EQR's short term assets ($141.0M) do not cover its long term liabilities ($8.3B).
Debt to Equity History and Analysis
Debt Level: EQR's debt to equity ratio (72.5%) is considered high.
Reducing Debt: EQR's debt to equity ratio has reduced from 96.4% to 72.5% over the past 5 years.
Debt Coverage: EQR's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: EQR's interest payments on its debt are not well covered by EBIT (2.1x coverage).
What is Equity Residential current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EQR's dividend (3.32%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: EQR's dividend (3.32%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: EQR's dividend payments have been volatile in the past 10 years.
Growing Dividend: EQR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.6%), EQR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EQR's dividends in 3 years are forecast to be covered by earnings (80.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Parrell (53 yo)
Mr. Mark J. Parrell has been the Chief Executive Officer and Trustee at Equity Residential since January 1, 2019 and its President since September 4, 2018. Mr. Parrell served as Chief Financial Officer and...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD6.59M) is below average for companies of similar size in the US market ($USD11.14M).
Compensation vs Earnings: Mark's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: EQR's management team is considered experienced (2.7 years average tenure).
Experienced Board: EQR's board of directors are considered experienced (9.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EQR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Equity Residential's company bio, employee growth, exchange listings and data sources
- Name: Equity Residential
- Ticker: EQR
- Exchange: NYSE
- Founded: 1966
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$27.918b
- Market Cap: US$26.917b
- Shares outstanding: 386.52m
- Website: https://www.equityapartments.com
Number of Employees
- Equity Residential
- Two North Riverside Plaza
- Suite 400
- United States
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties locate...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/16 22:09|
|End of Day Share Price||2021/04/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.