Equity Residential (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

Mr. Mark J. Parrell

Incorporated

Delaware

Location

Illinois

Fiscal year end

May 31

Sector

Finance and Insurance > REITS and Finance

Industry (SIC)

Aircraft & Parts

Caterpillar • New York Community Bancorp • Raymond James Financial • Macy's • CHS • Textron • Realty Income • Old National Bancorp • V.F. • O-I Glass ...

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. • 200 Quannapowitt Owner, LLC • 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 • 9CO Block 7, Lot 1 Condominium Association, Inc. • Alameda Block 9 LP • Alban Towers LLC ...

IRS number

363877868

EQR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$77.20

Low target

$74.00

High target

$81.00

Latest filings (excl ownership)

View all

8-K

Equity Residential Provides Operating Update

4 Sep 24

8-K

Equity Residential to Acquire $1 Billion Apartment Portfolio from

1 Aug 24

Second Quarter 2024 Results

29 Jul 24

8-K

Submission of Matters to a Vote of Security Holders

25 Jun 24

8-K

Equity Residential Provides Operating Update

2 May 24

First Quarter 2024 Results

23 Apr 24

ARS

2023 FY

Annual report to shareholders

16 Apr 24

DEFA14A

Additional proxy soliciting materials

16 Apr 24

Transcripts

View all

EQR

Earnings call transcript

2024 Q2

30 Jul 24

EQR

Earnings call transcript

2024 Q1

24 Apr 24

EQR

Earnings call transcript

2023 Q4

31 Jan 24

EQR

Earnings call transcript

2023 Q3

1 Nov 23

EQR

Earnings call transcript

2023 Q2

28 Jul 23

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

Latest ownership filings

View all

Catherine Carraway

29 Aug 24

144

Notice of proposed sale of securities

28 Aug 24

Alexander Brackenridge

Notice of proposed sale of securities

21 Aug 24

144

Notice of proposed sale of securities

Notice of proposed sale of securities

7 Aug 24

Financial summary

Financial statements Chart EQR financial data

Quarter (USD)	Mar 24	Dec 23	Sep 23	Jun 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
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)	196.56 mm	196.56 mm	196.56 mm	196.56 mm	196.56 mm	196.56 mm
Cash burn (monthly)	(no burn)	1.88 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	9.86 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	186.70 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	99.5	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 2024

EQR institutional ownership history Ownership history

92.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	637	599	+6.3%
Opened positions	98	176	-44.3%
Closed positions	60	74	-18.9%
Increased positions	255	167	+52.7%
Reduced positions	186	157	+18.5%

13F shares	Current	Prev Q	Change
Total value	22.46 tn	18.14 tn	+23.8%
Total shares	351.00 mm	316.38 mm	+10.9%
Total puts	321.40 k	433.90 k	-25.9%
Total calls	493.60 k	283.80 k	+73.9%
Total put/call ratio	0.7	1.5	-57.4%

Largest owners	Shares	Value	Change
Vanguard	55.87 mm	$3.87 tn	-2.0%
BLK BlackRock	38.42 mm	$2.66 tn	-4.2%
Norges Bank	35.12 mm	$2.44 tn	NEW
STT State Street	23.60 mm	$1.64 tn	-0.4%
T. Rowe Price	19.99 mm	$1.39 bn	-1.4%
APG Asset Management US	11.57 mm	$788.26 bn	-0.3%
JPM JPMorgan Chase & Co.	9.84 mm	$682.34 bn	+4.1%
First Eagle Investment Management	9.30 mm	$644.96 bn	-0.4%
Geode Capital Management	9.22 mm	$637.90 bn	+6.7%
Resolution Capital	7.83 mm	$542.64 bn	+3.2%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	35.12 mm	+35.12 mm	NEW
D1 Capital Partners	0.00	-6.93 mm	EXIT
PFG Principal Financial	7.15 mm	+5.93 mm	+482.3%
Charles Schwab Investment Management	3.88 mm	+3.88 mm	NEW
Ubs Global Asset Management Americas	469.91 k	-3.26 mm	-87.4%
BLK BlackRock	38.42 mm	-1.70 mm	-4.2%
FMR	6.00 mm	+1.59 mm	+36.0%
IVZ Invesco	7.12 mm	+1.40 mm	+24.5%
Vanguard	55.87 mm	-1.12 mm	-2.0%
Waterfront Capital Partners	0.00	-878.22 k	EXIT

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
28 Aug 24	Catherine Carraway	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	74.2	1,000	74.20 k	10,379
22 Aug 24	Alexander Brackenridge	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	72.52	11,212	813.09 k	58,689
21 Aug 24	Scott Fenster	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	72	2,986	214.99 k	33,193
21 Aug 24	Scott Fenster	Common Shares Of Beneficial Interest	Option exercise	Acquire M	No	No	68.4	2,986	204.24 k	36,179
21 Aug 24	Scott Fenster	NQSO Common Shares Of Beneficial Interest	Option exercise	Dispose M	No	No	68.4	2,986	204.24 k	0
21 Aug 24	Ian Kaufman	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	72	4,647	334.58 k	22,323
21 Aug 24	Ian Kaufman	Common Shares Of Beneficial Interest	Option exercise	Acquire M	No	No	68.4	4,647	317.85 k	26,970
21 Aug 24	Ian Kaufman	Common Shares Of Beneficial Interest	Sell	Dispose S	No	No	72	1,837	132.26 k	22,323
21 Aug 24	Ian Kaufman	NQSO Common Shares Of Beneficial Interest	Option exercise	Dispose M	No	No	68.4	4,647	317.85 k	0
14 Aug 24	Ian Kaufman	Common Shares Of Beneficial Interest	Grant	Acquire A	No	No	57.84	28	1.62 k	24,160