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Stock Comparison

AIV vs EQR

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
AIV
Apartment Investment and Management Company

REIT - Residential

Real EstateNYSE • US
Market Cap$596M
5Y Perf.-13.4%
EQR
Equity Residential

REIT - Residential

Real EstateNYSE • US
Market Cap$24.82B
5Y Perf.+9.4%

AIV vs EQR — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
AIV logoAIV
EQR logoEQR
IndustryREIT - ResidentialREIT - Residential
Market Cap$596M$24.82B
Revenue (TTM)$193M$3.12B
Net Income (TTM)$554M$954M
Gross Margin55.2%46.3%
Operating Margin66.3%28.5%
Forward P/E1.1x50.9x
Total Debt$0.00$8.78B
Cash & Equiv.$395M$56M

AIV vs EQRLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

AIV
EQR
StockMay 20May 26Return
Apartment Investmen… (AIV)10086.6-13.4%
Equity Residential (EQR)100109.4+9.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: AIV vs EQR

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: AIV leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Equity Residential is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
AIV
Apartment Investment and Management Company
The Real Estate Income Play

AIV carries the broadest edge in this set and is the clearest fit for long-term compounding.

  • 86.9% 10Y total return vs EQR's 32.0%
  • Lower P/E (1.1x vs 50.9x)
  • 287.7% margin vs EQR's 30.6%
Best for: long-term compounding
EQR
Equity Residential
The Real Estate Income Play

EQR is the clearest fit if your priority is income & stability and growth exposure.

  • Dividend streak 8 yrs, beta 0.38, yield 4.1%
  • Rev growth 4.1%, EPS growth 7.0%, 3Y rev CAGR 4.3%
  • Lower volatility, beta 0.38, Low D/E 77.0%, current ratio 0.05x
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthEQR logoEQR4.1% FFO/revenue growth vs AIV's -100.0%
ValueAIV logoAIVLower P/E (1.1x vs 50.9x)
Quality / MarginsAIV logoAIV287.7% margin vs EQR's 30.6%
Stability / SafetyEQR logoEQRBeta 0.38 vs AIV's 0.69
DividendsAIV logoAIV69.3% yield, 1-year raise streak, vs EQR's 4.1%
Momentum (1Y)AIV logoAIV-1.6% vs EQR's -2.5%
Efficiency (ROA)AIV logoAIV29.6% ROA vs EQR's 4.6%, ROIC 4.2% vs 4.2%

AIV vs EQR — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

AIVApartment Investment and Management Company
FY 2025
Operating Portfolio Segment
90.6%$73M
Other Real Estate
9.4%$8M
EQREquity Residential
FY 2020
Other Rental Income
50.0%$58M
Other Revenue
30.7%$35M
Parking Revenue
19.3%$22M

AIV vs EQR — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLAIVLAGGINGEQR

Income & Cash Flow (Last 12 Months)

AIV leads this category, winning 4 of 6 comparable metrics.

EQR is the larger business by revenue, generating $3.1B annually — 16.2x AIV's $193M. Profitability is closely matched — net margins range from 2.9% (AIV) to 30.6% (EQR). On growth, EQR holds the edge at +2.5% YoY revenue growth, suggesting stronger near-term business momentum.

MetricAIV logoAIVApartment Investm…EQR logoEQREquity Residential
RevenueTrailing 12 months$193M$3.1B
EBITDAEarnings before interest/tax$186M$1.9B
Net IncomeAfter-tax profit$554M$954M
Free Cash FlowCash after capex-$230M$1.3B
Gross MarginGross profit ÷ Revenue+55.2%+46.3%
Operating MarginEBIT ÷ Revenue+66.3%+28.5%
Net MarginNet income ÷ Revenue+2.9%+30.6%
FCF MarginFCF ÷ Revenue-119.5%+42.7%
Rev. Growth (YoY)Latest quarter vs prior year-3.4%+2.5%
EPS Growth (YoY)Latest quarter vs prior year+25.9%-64.2%
AIV leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

AIV leads this category, winning 3 of 3 comparable metrics.

At 1.1x trailing earnings, AIV trades at a 95% valuation discount to EQR's 22.8x P/E. On an enterprise value basis, AIV's 2.0x EV/EBITDA is more attractive than EQR's 15.7x.

MetricAIV logoAIVApartment Investm…EQR logoEQREquity Residential
Market CapShares × price$596M$24.8B
Enterprise ValueMkt cap + debt − cash$201M$33.6B
Trailing P/EPrice ÷ TTM EPS1.10x22.77x
Forward P/EPrice ÷ next-FY EPS est.50.91x
PEG RatioP/E ÷ EPS growth rate4.47x
EV / EBITDAEnterprise value multiple2.01x15.68x
Price / SalesMarket cap ÷ Revenue8.00x
Price / BookPrice ÷ Book value/share1.15x2.26x
Price / FCFMarket cap ÷ FCF19.25x
AIV leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

Evenly matched — AIV and EQR each lead in 4 of 8 comparable metrics.

AIV delivers a 162.9% return on equity — every $100 of shareholder capital generates $163 in annual profit, vs $8 for EQR. On the Piotroski fundamental quality scale (0–9), EQR scores 6/9 vs AIV's 3/9, reflecting solid financial health.

MetricAIV logoAIVApartment Investm…EQR logoEQREquity Residential
ROE (TTM)Return on equity+162.9%+8.4%
ROA (TTM)Return on assets+29.6%+4.6%
ROICReturn on invested capital+4.2%+4.2%
ROCEReturn on capital employed+2.3%+5.7%
Piotroski ScoreFundamental quality 0–936
Debt / EquityFinancial leverage0.77x
Net DebtTotal debt minus cash-$395M$8.7B
Cash & Equiv.Liquid assets$395M$56M
Total DebtShort + long-term debt$0$8.8B
Interest CoverageEBIT ÷ Interest expense0.70x5.58x
Evenly matched — AIV and EQR each lead in 4 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — AIV and EQR each lead in 3 of 6 comparable metrics.

A $10,000 investment in AIV five years ago would be worth $12,915 today (with dividends reinvested), compared to $11,036 for EQR. Over the past 12 months, AIV leads with a -1.6% total return vs EQR's -2.5%. The 3-year compound annual growth rate (CAGR) favors EQR at 5.5% vs AIV's 2.2% — a key indicator of consistent wealth creation.

MetricAIV logoAIVApartment Investm…EQR logoEQREquity Residential
YTD ReturnYear-to-date-3.4%+9.1%
1-Year ReturnPast 12 months-1.6%-2.5%
3-Year ReturnCumulative with dividends+6.8%+17.4%
5-Year ReturnCumulative with dividends+29.2%+10.4%
10-Year ReturnCumulative with dividends+86.9%+32.0%
CAGR (3Y)Annualised 3-year return+2.2%+5.5%
Evenly matched — AIV and EQR each lead in 3 of 6 comparable metrics.

Risk & Volatility

EQR leads this category, winning 2 of 2 comparable metrics.

EQR is the less volatile stock with a 0.38 beta — it tends to amplify market swings less than AIV's 0.69 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EQR currently trades 92.3% from its 52-week high vs AIV's 47.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricAIV logoAIVApartment Investm…EQR logoEQREquity Residential
Beta (5Y)Sensitivity to S&P 5000.69x0.38x
52-Week HighHighest price in past year$8.87$71.80
52-Week LowLowest price in past year$3.94$57.58
% of 52W HighCurrent price vs 52-week peak+47.9%+92.3%
RSI (14)Momentum oscillator 0–10051.366.9
Avg Volume (50D)Average daily shares traded3.2M2.3M
EQR leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — AIV and EQR each lead in 1 of 2 comparable metrics.

Wall Street rates AIV as "Hold" and EQR as "Hold". Consensus price targets imply 135.3% upside for AIV (target: $10) vs 5.9% for EQR (target: $70). For income investors, AIV offers the higher dividend yield at 69.32% vs EQR's 4.06%.

MetricAIV logoAIVApartment Investm…EQR logoEQREquity Residential
Analyst RatingConsensus buy/hold/sellHoldHold
Price TargetConsensus 12-month target$10.00$70.15
# AnalystsCovering analysts346
Dividend YieldAnnual dividend ÷ price+69.3%+4.1%
Dividend StreakConsecutive years of raises18
Dividend / ShareAnnual DPS$2.95$2.69
Buyback YieldShare repurchases ÷ mkt cap+0.0%+1.1%
Evenly matched — AIV and EQR each lead in 1 of 2 comparable metrics.
Key Takeaway

AIV leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). EQR leads in 1 (Risk & Volatility). 3 tied.

Best OverallApartment Investment and Ma… (AIV)Leads 2 of 6 categories
Loading custom metrics...

AIV vs EQR: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is AIV or EQR a better buy right now?

For growth investors, Equity Residential (EQR) is the stronger pick with 4.

1% revenue growth year-over-year, versus -100. 0% for Apartment Investment and Management Company (AIV). Apartment Investment and Management Company (AIV) offers the better valuation at 1. 1x trailing P/E, making it the more compelling value choice. Analysts rate Apartment Investment and Management Company (AIV) a "Hold" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — AIV or EQR?

On trailing P/E, Apartment Investment and Management Company (AIV) is the cheapest at 1.

1x versus Equity Residential at 22. 8x.

03

Which is the better long-term investment — AIV or EQR?

Over the past 5 years, Apartment Investment and Management Company (AIV) delivered a total return of +29.

2%, compared to +10. 4% for Equity Residential (EQR). Over 10 years, the gap is even starker: AIV returned +86. 9% versus EQR's +32. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — AIV or EQR?

By beta (market sensitivity over 5 years), Equity Residential (EQR) is the lower-risk stock at 0.

38β versus Apartment Investment and Management Company's 0. 69β — meaning AIV is approximately 82% more volatile than EQR relative to the S&P 500.

05

Which is growing faster — AIV or EQR?

By revenue growth (latest reported year), Equity Residential (EQR) is pulling ahead at 4.

1% versus -100. 0% for Apartment Investment and Management Company (AIV). On earnings-per-share growth, the picture is similar: Apartment Investment and Management Company grew EPS 623. 0% year-over-year, compared to 7. 0% for Equity Residential. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — AIV or EQR?

Apartment Investment and Management Company (AIV) is the more profitable company, earning 287.

7% net margin versus 36. 1% for Equity Residential — meaning it keeps 287. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AIV leads at 66. 3% versus 36. 3% for EQR. At the gross margin level — before operating expenses — AIV leads at 55. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is AIV or EQR more undervalued right now?

Analyst consensus price targets imply the most upside for AIV: 135.

3% to $10. 00.

08

Which pays a better dividend — AIV or EQR?

All stocks in this comparison pay dividends.

Apartment Investment and Management Company (AIV) offers the highest yield at 69. 3%, versus 4. 1% for Equity Residential (EQR).

09

Is AIV or EQR better for a retirement portfolio?

For long-horizon retirement investors, Equity Residential (EQR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

38), 4. 1% yield). Both have compounded well over 10 years (EQR: +32. 0%, AIV: +86. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between AIV and EQR?

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: AIV is a small-cap deep-value stock; EQR is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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Dividend Mega-Cap Quality

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  • Net Margin > 172%
  • Dividend Yield > 27.7%
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EQR

Dividend Mega-Cap Quality

  • Sector: Real Estate
  • Market Cap > $100B
  • Net Margin > 18%
  • Dividend Yield > 1.6%
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Beat Both

Find stocks that outperform AIV and EQR on the metrics below

Revenue Growth>
%
(AIV: -3.4% · EQR: 2.5%)
Net Margin>
%
(AIV: 287.7% · EQR: 30.6%)
P/E Ratio<
x
(AIV: 1.1x · EQR: 22.8x)

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