Equity Residential Properties Trust (EQR)

Company Profile

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 rental apartment properties located in urban and high-density suburban communities where today’s renters want to live, work and play. Equity Residential owns or has investments in 304 properties consisting of 77,889 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.

Company profile

Ticker

EQR

Exchange

NYSE

Website

www.equityapartments.com

CEO

Mark Parrell

Incorporated

Maryland

Location

Illinois

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • ARMOUR Residential REIT • VEREIT • Invesco Mortgage Capital • Vornado Realty • Vornado Realty Trust • Healthpeak Properties ...

Former names

EQUITY RESIDENTIAL PROPERTIES TRUST

SEC CIK

0000906107

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

1145 Acquisition, L.L.C. • 303 Third SPE LLC • 303 Third Street Developer LLC • 303 Third Street Venture I LLC • 303 Third Venture I SPE LLC • 777 Sixth Avenue Owner LLC • Alban Towers LLC • Amberton Apartments, L.L.C. • ANE Associates, L.L.C. • API Emeryville Parkside LLC ...

IRS number

363877868

EQR stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$65.40

Low target

$62.00

High target

$70.00

Latest filings (excl ownership)

View all

DEFA14A

Additional proxy soliciting materials

28 Apr 23

First Quarter 2023 Results

25 Apr 23

ARS

2022 FY

Annual report to shareholders

18 Apr 23

DEFA14A

Additional proxy soliciting materials

18 Apr 23

Registration of securities for employees (post-effective amendment)

3 Apr 23

S-8 POS

Registration of securities for employees (post-effective amendment)

16 Feb 23

Transcripts

View all

EQR

Earnings call transcript

2023 Q1

26 Apr 23

EQR

Earnings call transcript

2022 Q4

10 Feb 23

EQR

Earnings call transcript

2021 Q4

2 Feb 22

EQR

Earnings call transcript

2021 Q2

28 Jul 21

EQR

Earnings call transcript

2020 Q2

29 Jul 20

EQR

Earnings call transcript

2020 Q1

7 May 20

EQR

Earnings call transcript

2019 Q4

29 Jan 20

EQR

Earnings call transcript

2019 Q3

23 Oct 19

EQR

Earnings call transcript

2019 Q2

31 Jul 19

EQR

Earnings call transcript

2019 Q1

1 May 19

Latest ownership filings

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Notice of proposed sale of securities

Financial summary

Financial statements Chart EQR financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	97.84 mm	97.84 mm	97.84 mm	97.84 mm	97.84 mm	97.84 mm
Cash burn (monthly)	630.67 k	3.58 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	16.38 mm	92.91 mm	n/a	n/a	n/a	n/a
Cash remaining	81.46 mm	4.92 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	129.2	1.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

EQR institutional ownership history Ownership history

82.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	554	580	-4.5%
Opened positions	65	78	-16.7%
Closed positions	91	92	-1.1%
Increased positions	219	230	-4.8%
Reduced positions	181	180	+0.6%

13F shares	Current	Prev Q	Change
Total value	18.56 tn	20.39 tn	-9.0%
Total shares	311.35 mm	346.10 mm	-10.0%
Total puts	427.30 k	438.10 k	-2.5%
Total calls	445.00 k	560.20 k	-20.6%
Total put/call ratio	1.0	0.8	+22.8%

Largest owners	Shares	Value	Change
Vanguard	58.02 mm	$3.48 tn	+0.7%
BLK Blackrock	41.46 mm	$2.49 tn	+2.2%
STT State Street	24.98 mm	$1.52 tn	+5.4%
T. Rowe Price	18.06 mm	$1.08 tn	+8.5%
APG Asset Management US	11.70 mm	$701.89 bn	-1.2%
First Eagle Investment Management	8.78 mm	$526.60 bn	+16.0%
MCQEF Macquarie	7.91 mm	$474.73 bn	+7.7%
Geode Capital Management	7.84 mm	$469.40 bn	+2.3%
Resolution Capital	7.77 mm	$465.90 bn	+1.6%
JPM JPMorgan Chase & Co.	6.46 mm	$387.65 bn	-15.7%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0.00	-30.89 mm	EXIT
MS Morgan Stanley	3.49 mm	-2.06 mm	-37.2%
Millennium Management	0.00	-1.73 mm	EXIT
BAC Bank Of America	2.98 mm	-1.54 mm	-34.1%
Heitman Real Estate Securities	17.33 k	-1.46 mm	-98.8%
Ofi Invest Asset Management	1.44 mm	+1.44 mm	NEW
T. Rowe Price	18.06 mm	+1.42 mm	+8.5%
STT State Street	24.98 mm	+1.27 mm	+5.4%
First Eagle Investment Management	8.78 mm	+1.21 mm	+16.0%
JPM JPMorgan Chase & Co.	6.46 mm	-1.20 mm	-15.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

EQR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 May 23	Ian Kaufman	Common Shares Of Beneficial Interest	Grant	Acquire A	No	No	51.8	31	1.61 k	19,936
4 May 23	Shapiro Mark S	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	61.96	29,250	1.81 mm	12,497
4 May 23	Shapiro Mark S	Common Shares Of Beneficial Interest	Option exercise	Acquire M	No	No	58.4	29,250	1.71 mm	41,747
4 May 23	Shapiro Mark S	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	61.87	6,481	400.98 k	12,497
4 May 23	Shapiro Mark S	Common Shares Of Beneficial Interest	Option exercise	Acquire M	No	No	52.2	6,481	338.31 k	18,978
4 May 23	Shapiro Mark S	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	61.72	6,704	413.77 k	12,497
4 May 23	Shapiro Mark S	Common Shares Of Beneficial Interest	Option exercise	Acquire M	No	No	48.1	6,704	322.46 k	19,201
4 May 23	Shapiro Mark S	NQSO Common Shares Of Beneficial Interest	Option exercise	Dispose M	No	No	58.4	29,250	1.71 mm	0
4 May 23	Shapiro Mark S	NQSO Common Shares Of Beneficial Interest	Option exercise	Dispose M	No	No	52.2	6,481	338.31 k	0
4 May 23	Shapiro Mark S	NQSO Common Shares Of Beneficial Interest	Option exercise	Dispose M	No	No	48.1	6,704	322.46 k	0