Equity Residential (EQR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Equity Residential

NYSE•Real Estate•REIT - Residential

$63.66-2.31(-0.04%)Pre-market

Market Cap

$23.82B

P/E

27.2x

P/B

2.3x

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages 312 rental properties consisting of 85,520 apartment units in dynamic metro areas across the U.S. with a primary concentration in major coastal markets, diversified by a targeted presence in the high-growth metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver. Equity Residential was incorporated in 1993 and is based in Chicago, United States.

How this company scores

AverageMetricSide Score: 57/100

Strongest: Cash & Earnings Quality (18/25); weakest: Growth (9/25).

Profitability15/25

Growth9/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality18/25

Strengths

Strong marginsInterest easily coveredCash-backed earningsConsistent free cash flow

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 27.2x5y range 19.2x – 38.3x

Currently near its 20-quarter median.

P/B · 2.3x5y range 2.3x – 2.4x

Currently near its 20-quarter median.

Price & Volume

Market Cap $23.82B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $0
Q. Revenue: $0
TTM EBITDA: $2.09B
TTM Op. Income: $2.09B
Q. Op. Income: $520.04M
TTM Net Income: $875.36M
Q. Net Income: $114.14M
EPS: $0.3
Shares Out.: $374.18M

$0 in TTM revenue was flat at zero YoY, reaching $0 last quarter. TTM EBITDA of $2.09B and TTM operating income of $2.09B show growth is flowing through to the bottom line. TTM net income of $875.36M means revenue is converting into profit.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: N/A
Op. Margin: 52003800000.0%
Net Margin: 11413500000.0%

Op. margin of 52003800000.0% is down 18300000.0% YoY — costs are rising relative to revenue. Net margin at 11413500000.0% Over the past year, operating margin is down 0% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 27.2x
P/S Ratio: N/A
P/B Ratio: 2.3x

At 27.2x P/E, the stock trades within typical market levels. P/S of 0.0x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $20.28B
Cash: $36.41M
Long-Term Debt: N/A
Book Value: $10.51B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $301.88M
TTM Free Cash Flow: $1.21B
FCF Margin: N/A
FCF / Net Income: 1.4

TTM FCF of $1.21B on $301.88M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.