1.23%
-1.62%
0.33%
1.39%
17.30%
-20.43%
-15.02%
AI Spotlight on EQR
Company Description
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.
Market Data
| Last Price | 70.6 |
| Change Percentage | 1.23% |
| Open | 69.7 |
| Previous Close | 69.74 |
| Market Cap ( Millions) | 26788 |
| Volume | 566209 |
| Year High | 78.83 |
| Year Low | 57.33 |
| M A 50 | 71.9 |
| M A 200 | 70.52 |
Financial Ratios
| FCF Yield | 4.59% |
| Dividend Yield | 3.82% |
| ROE | 8.44% |
| Debt / Equity | 79.89% |
| Net Debt / EBIDTA | 476.71% |
| Price To Book | 2.46 |
| Price Earnings Ratio | 28.8 |
| Price To FCF | 21.79 |
| Price To sales | 9.13 |
| EV / EBITDA | 19.54 |
News
- Jan -30 - Is a Beat in Store for Equity Residential Stock in Q4 Earnings?
- Jan -26 - Morning In America
- Jan -25 - How The 'Smart Money' Is Investing In REITs Right Now
- Jan -21 - Equity Residential Reports 2024 Dividend Income Tax Treatment
- Jan -20 - Is Holding Equity Residential Stock Still a Smart Move Now?
- Jan -19 - The End Of An Era
- Jan -15 - California REITs see rating upgrades in the wake of fires
- Jan -14 - Equity Residential Announces Fourth Quarter 2024 Earnings Release Date
- Jan -14 - If I Could Only Give You 3 Investments For 2025
- Jan -11 - Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
- Jan -09 - Buy 6 'Safer' Dividend Dogs Of 23 January Barron's Better Bets Than T-Bills
- Jan -04 - Sector Spotlight: Multifamily REITs - They Survived Until 2025!
- Jan -02 - Equity Residential: Gradual Apartment Recovery Is In Valuation
- Jan -01 - Equity Residential: Prime Locations And Dividend Power Are The Recipe For Success
- Dec -30 - What Are The Top REITs For 2025?
- Dec -23 - Equity Residential Named to Dow Jones Sustainability Indices
- Dec -19 - State Of REITs: Recession To Recovery In 2025
- Dec -17 - Is it Wise to Retain Equity Residential Stock in Your Portfolio Now?
- Dec -01 - 'Tis The Season For REIT Dividends
- Nov -25 - Equity Residential Receives Nareit 2024 Residential Leader in the Light Award
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Same Store
Expected Growth : 2.5 %
What the company do ?
Same Store refers to a subset of Equity Residential's apartment communities that have been stabilized and owned for at least a year, used to measure performance and growth.
Why we expect these perspectives ?
Same Store growth of 2.5% at Equity Residential is driven by a combination of factors, including a strong job market, increasing wages, and limited new supply in core markets. Additionally, the company's focus on amenity upgrades, revenue management, and expense control also contribute to the growth. Furthermore, the shift towards experiential living and the desire for convenience and community among renters support the growth.
Segment nΒ°2 -> Non-same Store/Other
Expected Growth : 3.5 %
What the company do ?
Non-same Store/Other from Equity Residential refers to properties that are not part of the same store portfolio, including recently acquired, sold, or redeveloped properties.
Why we expect these perspectives ?
Equity Residential's Non-same Store/Other segment growth of 3.5% is driven by strategic acquisitions, expansion into high-growth markets, and increased demand for luxury apartments. Additionally, the company's focus on amenity-rich communities, proximity to public transportation, and strong property management practices contribute to above-average rent growth and occupancy rates.
Equity Residential Products
| Product Range | What is it ? |
|---|---|
| Apartments for Rent | Equity Residential offers a wide range of apartments for rent, from studios to three-bedroom apartments, in various locations across the United States. |
| Luxury Apartments | Equity Residential's luxury apartments offer high-end amenities, modern designs, and premium finishes, providing an upscale living experience. |
| Student Housing | Equity Residential provides student housing options near top universities, offering a convenient and comfortable living environment for students. |
| Senior Living Communities | Equity Residential's senior living communities offer a supportive and engaging environment for seniors, with amenities and services tailored to their needs. |
| Corporate Housing | Equity Residential provides corporate housing solutions for businesses, offering furnished apartments and amenities tailored to the needs of business travelers and relocating employees. |
Equity Residential's Porter Forces
Threat Of Substitutes
The threat of substitutes for Equity Residential is medium, as there are alternative options for renters, such as single-family homes and other apartment complexes.
Bargaining Power Of Customers
The bargaining power of customers for Equity Residential is low, as individual renters have limited negotiating power.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Equity Residential is low, as the company has multiple suppliers for goods and services.
Threat Of New Entrants
The threat of new entrants for Equity Residential is medium, as there are barriers to entry, such as high capital requirements, but new companies can still enter the market.
Intensity Of Rivalry
The intensity of rivalry for Equity Residential is high, as there are many established competitors in the apartment rental market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 40.00% |
| Debt Cost | 3.95% |
| Equity Weight | 60.00% |
| Equity Cost | 8.11% |
| WACC | 6.45% |
| Leverage | 66.67% |
Equity Residential : Quality Control
Equity Residential passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| VICI | VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' β¦ |
| PSA | Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: β¦ |
| SPG | Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our β¦ |
| IRM | Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a β¦ |
| AVB | As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
VICI Properties
A-Score
1-Year Total Return ->
π₯
Public Storage
A-Score
1-Year Total Return ->
π₯
Iron Mountain
A-Score
1-Year Total Return ->
4
Simon Property Group
A-Score
1-Year Total Return ->
5
AvalonBay Communities
A-Score
1-Year Total Return ->
6
