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
Website
CEO
Mr. Mark J. Parrell
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
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
Corporate docs
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
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Equity Residential Provides Operating Update
4 Sep 24
8-K
Equity Residential to Acquire $1 Billion Apartment Portfolio from
7 Aug 24
10-Q
2024 Q2
Quarterly report
1 Aug 24
8-K
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
28 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
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
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
4
Catherine Carraway
29 Aug 24
144
Notice of proposed sale of securities
28 Aug 24
4
Alexander Brackenridge
23 Aug 24
4
Ian Kaufman
23 Aug 24
4
Scott Fenster
23 Aug 24
144
Notice of proposed sale of securities
21 Aug 24
144
Notice of proposed sale of securities
21 Aug 24
4
Ian Kaufman
16 Aug 24
4
Michael L Manelis
9 Aug 24
144
Notice of proposed sale of securities
7 Aug 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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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 |
Institutional ownership, Q2 2024
92.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 637 |
Opened positions | 98 |
Closed positions | 60 |
Increased positions | 255 |
Reduced positions | 186 |
13F shares | Current |
---|---|
Total value | 22.46 tn |
Total shares | 351.00 mm |
Total puts | 321.40 k |
Total calls | 493.60 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 55.87 mm | $3.87 tn |
BLK BlackRock | 38.42 mm | $2.66 tn |
Norges Bank | 35.12 mm | $2.44 tn |
STT State Street | 23.60 mm | $1.64 tn |
T. Rowe Price | 19.99 mm | $1.39 bn |
APG Asset Management US | 11.57 mm | $788.26 bn |
JPM JPMorgan Chase & Co. | 9.84 mm | $682.34 bn |
First Eagle Investment Management | 9.30 mm | $644.96 bn |
Geode Capital Management | 9.22 mm | $637.90 bn |
Resolution Capital | 7.83 mm | $542.64 bn |
Recent insider trades
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 |
News
Equity Residential Says Same Store Revenue Growth Remains On Track Within Guidance Range As Described In Its Recent Q2 Earnings Release
4 Sep 24
Multifamily REITs Set For Revenue Boost As Supply Pressures Ease, Says Goldman Sachs
4 Sep 24
Goldman Sachs Initiates Coverage On Equity Residential with Neutral Rating, Announces Price Target of $81
4 Sep 24
Truist Securities Maintains Buy on Equity Residential, Raises Price Target to $77
29 Aug 24
Evercore ISI Group Maintains In-Line on Equity Residential, Raises Price Target to $74
28 Aug 24