Equity Residential's core coastal multifamily portfolio continues to generate steady revenue growth of 2.1% YoY in 2026Q2, supported by NOI margins near 61.4%, though FFO per share has declined 46% from $1.75 in 2024Q4 to $0.94 in 2026Q2, reflecting non-cash d...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth held steady at 2.1% YoY in 2026Q2 with NOI margin at 61.4%, down from 63.8% in 2024Q4, reflecting localized cost pressures in property taxes and insurance.
Equity Residential owns and operates a significant portfolio of apartment properties in urban and high-density suburban markets across the U.S. The company has demonstrated strong operational performance, with high occupancy rates and record-low resident turnover, highlighted by a 2.2% increase in same-store revenues in Q1 2026 and a historic low resident turnover rate of 7.8%.
Analysts project continued growth for Equity Residential, with same-store net operating income (SSNOI) expected to grow by 2.6% in 2025 and same-store revenue increasing by 3.0%. The easing of new apartment supply in EQR's markets is anticipated to lead to a decline in concessions and restore pricing power, particularly in the latter half of 2026.
EQR stock is currently considered undervalued, with its GF Value™ estimated at $70.16, while the current price of $65.15 represents a 7.1% discount. Additionally, the current P/E ratio of 22.24x is significantly lower than its 5-year median P/E of 26.33x, indicating it's trading at a discount to its historical valuation.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 22, 2026 | $0.30-31.4% vs $0.44 | $785M-0.3% vs $787M |
Q2 2026 Apr 28, 2026 | $0.24-15.5% vs $0.28 | $780M-0.2% vs $782M |
Q1 2026 Feb 5, 2026 | $1.03-1.0% vs $1.04 | $782M-0.5% vs $786M |
Q4 2025 Oct 28, 2025 | $0.76+77.7% vs $0.43 | $782M+0.4% vs $779M |
Bank of America Corp DE lifted its holdings in shares of Equity Residential (NYSE: EQR) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,004,393 shares of the real estate investment trust's stock after purchasing an
Adelante Capital Management LLC lessened its position in shares of Equity Residential (NYSE: EQR) by 19.1% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 723,095 shares of the real estate investment trust's stock after selling 171,111 shares
On August 24, 2026, Equity Residential (EQR) shares fell 3.5% to a current price of $63.66, reflecting a challenging price performance over the past month, wher
ARLINGTON, Va. & CHICAGO--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) and Equity Residential (NYSE: EQR) today announced the completion of their merger of equals, creating Vivmark Residential (NYSE: VMRK). Vivmark Residential is expected to begin trading on the New York Stock Exchange (“NYSE”) under the ticker symbol VMRK at the opening of trading on August 18, 2026. Vivmark Residential is now one of the country's leading real estate companies with an equity market capitalization o.
Benchmark EQR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Equity Residential (EQR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $68.14 | $25.55B | 23.42 | 4.06% | 36.12% | 9.74% | 3.95% | |
| $68.14 | $9.68B | 9.22 | 4.29% | 33.39% | 8.58% | — | |
| $273.47 | $17.57B | 26.27 | 7.11% | 12.33% | 4.19% | — | |
| $33.79 | $10.98B | 29.90 | 2.42% | 30.43% | 14.38% | — | |
| $97.68 | $9.82B | 27.59 | 1.92% | 20.74% | 7.66% | — | |
| $117.78 | $13.71B | 31.16 | 0.83% | 18.17% | 6.96% | — |
Equity Residential (EQR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Equity Residential (EQR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
Jul 31, 2026·SEC
Jul 22, 2026·SEC
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Equity Residential (EQR) stock FAQ — growth, dividends, profitability & financials explained
Equity Residential (EQR) reported $3.14B in revenue for fiscal year 2025. This represents a 556% increase from $478.4M in 1996.
Equity Residential (EQR) grew revenue by 4.1% over the past year. Growth has been modest.
Yes, Equity Residential (EQR) is profitable, generating $875.4M in net income for fiscal year 2025 (36.1% net margin).
Yes, Equity Residential (EQR) pays a dividend with a yield of 3.95%. This makes it attractive for income-focused investors.
Equity Residential (EQR) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.
Equity Residential (EQR) generated Funds From Operations (FFO) of $1.88B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Equity Residential (EQR) offers a 3.95% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
