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 residential properties located in and around dynamic cities that attract high quality long-term renters. equity residential owns or has investments in 305 properties consisting of 78,568 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

Starwood Property Trust • Annaly Capital Management • AGNC Investment • ARMOUR Residential REIT • VEREIT • Invesco Mortgage Capital • Welltower • 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

Latest filings (excl ownership)

View all

8-K

Equity Residential Provides Operating Update

2 Aug 23

Second Quarter 2023 Results

27 Jul 23

8-K

Submission of Matters to a Vote of Security Holders

20 Jun 23

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

Transcripts

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EQR

Earnings call transcript

2023 Q2

28 Jul 23

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

Latest ownership filings

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144

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart EQR financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
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)	124.64 mm	124.64 mm	124.64 mm	124.64 mm	124.64 mm	124.64 mm
Cash burn (monthly)	31.48 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	97.91 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	26.73 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	0.8	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

EQR institutional ownership history Ownership history

81.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	586	558	+5.0%
Opened positions	79	64	+23.4%
Closed positions	51	89	-42.7%
Increased positions	199	222	-10.4%
Reduced positions	206	182	+13.2%

13F shares	Current	Prev Q	Change
Total value	21.17 tn	18.58 tn	+13.9%
Total shares	321.06 mm	311.64 mm	+3.0%
Total puts	498.10 k	427.30 k	+16.6%
Total calls	505.70 k	445.00 k	+13.6%
Total put/call ratio	1.0	1.0	+2.6%

Largest owners	Shares	Value	Change
Vanguard	57.02 mm	$3.76 tn	-1.7%
BLK Blackrock	40.37 mm	$2.66 tn	-2.6%
STT State Street	25.02 mm	$1.67 tn	+0.1%
T. Rowe Price	18.39 mm	$1.22 tn	+1.8%
APG Asset Management US	11.70 mm	$771.70 bn	-0.0%
JPM JPMorgan Chase & Co.	10.74 mm	$708.46 bn	+66.2%
Resolution Capital	9.37 mm	$618.30 bn	+20.7%
First Eagle Investment Management	8.89 mm	$586.40 bn	+1.3%
Geode Capital Management	7.98 mm	$525.35 bn	+1.8%
MCQEF Macquarie	7.41 mm	$488.91 bn	-6.3%

Largest transactions	Shares	Bought/sold	Change
JPM JPMorgan Chase & Co.	10.74 mm	+4.28 mm	+66.2%
Chai Trust	5.40 mm	+4.19 mm	+346.3%
D1 Capital Partners	2.94 mm	+2.94 mm	NEW
FMR	2.62 mm	+1.79 mm	+217.2%
Resolution Capital	9.37 mm	+1.61 mm	+20.7%
Ofi Invest Asset Management	0.00	-1.44 mm	EXIT
Wellington Management	40.02 k	-1.42 mm	-97.3%
Long Pond Capital	0.00	-1.22 mm	EXIT
BLK Blackrock	40.37 mm	-1.08 mm	-2.6%
Millennium Management	1.08 mm	+1.08 mm	NEW

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
22 Aug 23	Neithercut David J	Operating Partnership Units Common Shares Of Beneficial Interest	Gift	Acquire G	No	No	0	1,052	0.00	420,604
22 Aug 23	Neithercut David J	Operating Partnership Units Common Shares Of Beneficial Interest	Gift	Dispose G	Yes	No	0	1,052	0.00	934
22 Aug 23	Neithercut David J	Operating Partnership Units Common Shares Of Beneficial Interest	Gift	Acquire G	Yes	No	0	1,375	0.00	1,986
22 Aug 23	Neithercut David J	Operating Partnership Units Common Shares Of Beneficial Interest	Gift	Dispose G	Yes	No	0	1,375	0.00	93,050
22 Aug 23	Neithercut David J	Operating Partnership Units Common Shares Of Beneficial Interest	Gift	Acquire G	No	No	0	1,408	0.00	419,552
22 Aug 23	Neithercut David J	Operating Partnership Units Common Shares Of Beneficial Interest	Gift	Dispose G	Yes	No	0	1,408	0.00	7
22 Aug 23	Neithercut David J	Operating Partnership Units Common Shares Of Beneficial Interest	Gift	Acquire G	Yes	No	0	1,375	0.00	1,415
22 Aug 23	Neithercut David J	Operating Partnership Units Common Shares Of Beneficial Interest	Gift	Dispose G	Yes	No	0	1,375	0.00	94,425
14 Aug 23	Ian Kaufman	Common Shares Of Beneficial Interest	Grant	Acquire A	No	No	55.11	29	1.60 k	19,965
11 Aug 23	Michael L Manelis	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	66.04	2,500	165.10 k	22,844