Equity Residential(EQR)Earnings, Financials & Key Ratios

EQR•NYSE•REIT / Real Estate

$68.63

23.6× P/E·Price updated Jul 2, 2026

SectorReal Estate IndustryResidential REITs Sub-IndustryDiversified apartment REITs

AboutEquity 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.Show more

Revenue$3.1B+4.1%
FFO$2.13B+6.5%
FFO/Share5.49+7.1%
FFO Payout49.03%-3.6%
FFO per Share5.49+7.1%
NOI Margin46.32%-26.8%
FFO Margin68.8%+2.4%
ROE9.74%+8.9%
ROA5.39%+6.3%

EQR Price & Volume

Equity Residential (EQR) stock price & volume — 10-year historical chart

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Portfolio Rebalancing Masks Underlying FFO Volatility Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Moderate

Financial:Healthy

Cash Flow:Stable

Primary Risk:Legislative and Regulatory Exposure

Key Thesis Takeaways

Equity Residential is navigating a strategic pivot toward expansion markets, which appears to be driving a 2.5% revenue growth rate as of 2026Q1 while simultaneously introducing earnings volatility.
Investors should monitor the significant divergence between GAAP net income and FFO, as the FFO-to-NI ratio reached 4.45 in 2026Q1, suggesting that non-recurring items may be obscuring core operational performance.
While the company maintains a conservative debt-to-equity ratio of 0.78, the potential for margin compression and the capital intensity required to maintain Class A assets warrant a cautious outlook on long-term dividend sustainability.

Verdict Logic

while the dividend-to-AFFO ratio of 0.50 provides a buffer, the sharp decline in FFO per share to $0.88 in 2026Q1 suggests that operational volatility may persist during the current portfolio transition.

EQR Growth Metrics

Equity Residential (EQR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.23%

5 Years3.81%

3 Years4.27%

TTM3.65%

Profit CAGR

10 Years2.56%

5 Years4.16%

3 Years12.97%

TTM-4.32%

EPS CAGR

10 Years2.42%

5 Years5.09%

3 Years12.39%

TTM-4.62%

Return on Capital

10 Years6.93%

5 Years8.2%

3 Years8.05%

Last Year5.72%

EQR Recent Earnings

Equity Residential (EQR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (33%)●Beat Revenue 3/12 qtrs (25%)

Q2 2026Latest

Apr 28, 2026

Metric

Actual

Est

EPS

$0.24-14.5%

$0.28

Rev

$780M-0.2%

$782M

Q1 2026

Feb 5, 2026

Metric

Actual

Est

EPS

$1.03-1.0%

$1.04

Rev

$782M-0.5%

$786M

Q4 2025

Oct 28, 2025

Metric

Actual

Est

EPS

$1.02+0.0%

$1.02

Rev

$782M-0.5%

$786M

Q3 2025

Aug 4, 2025

Metric

Actual

Est

EPS

$0.99+0.0%

$0.99

Rev

$769M-1.5%

$781M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$0.24vs $0.28-14.5%	$780Mvs $782M-0.2%
Q1 2026	Feb 5, 2026	$1.03vs $1.04-1.0%	$782Mvs $786M-0.5%
Q4 2025	Oct 28, 2025	$1.02vs $1.02+0.0%	$782Mvs $786M-0.5%
Q3 2025	Aug 4, 2025	$0.99vs $0.99+0.0%	$769Mvs $781M-1.5%

Based on last 12 quarters of dataView full earnings history →

Latest EQR News

Recent stock market news and headlines for Equity Residential (EQR)

Business Wire·Jun 18, 2026

Equity Residential Declares Second Quarter Dividends

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the second quarter of $0.7025 per share will be paid on July 10, 2026, to shareholders of record on June 29, 2026. A quarterly dividend of $1.03625 per share will be paid on June 30, 2026, to shareholders of record on June 18, 2026 of the Company's Series K Preferred Shares. About Equity.

Peers Comparison

Key metrics vs top competitors for Equity Residential (EQR)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
EQREquity ResidentialCurrent	$68.63	$25.71B	23.58	4.06%	36.12%	9.74%	3.92%
AVBAvalonBay Communities, Inc.	$190.43	$27.02B	25.77	4.29%	37.27%	9.54%	—
ESSEssex Property Trust, Inc.	$295.18	$19.03B	28.36	7.11%	30.17%	9.99%	—
UDRUDR, Inc.	$40.62	$13.24B	35.95	2.42%	28.6%	12.37%	—
CPTCamden Property Trust	$115.66	$12.11B	32.67	1.92%	32.81%	8.71%	—
MAAMid-America Apartment Communities, Inc.	$139.94	$16.28B	37.02	0.83%	18.19%	6.81%	—

Compare EQR vs Peers

Equity Residential (EQR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AVB

Most directly comparable listed peer for EQR.

Scale Benchmark

vs PLD

Larger-name benchmark to compare EQR against a more recognizable public peer.

Peer Set

Compare Top 5

vs AVB, ESS, UDR, CPT

EQR SEC Filings & Documents

Equity Residential (EQR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Apr 15, 2026·SEC

Material company update

Mar 2, 2026·SEC

10-K Annual Reports

FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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EQR Frequently Asked Questions

Equity Residential (EQR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Equity Residential's revenue?

Equity Residential (EQR) reported $3.12B in revenue for fiscal year 2025. This represents a 552% increase from $478.4M in 1996.

How fast is Equity Residential growing?

Equity Residential (EQR) grew revenue by 4.1% over the past year. Growth has been modest.

Is EQR profitable?

Yes, Equity Residential (EQR) is profitable, generating $953.6M in net income for fiscal year 2025 (36.1% net margin).

Dividend & Returns

Does EQR pay dividends?

Yes, Equity Residential (EQR) pays a dividend with a yield of 3.92%. This makes it attractive for income-focused investors.

What is EQR's return on equity?

Equity Residential (EQR) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

Industry Metrics

What is Equity Residential's FFO?

Equity Residential (EQR) generated Funds From Operations (FFO) of $1.96B in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is EQR a good dividend stock?

Equity Residential (EQR) offers a 3.92% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in EQR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

Apr 28, 2026

$0.24vs $0.28-14.5%

$780Mvs $782M-0.2%

Q1 2026

Feb 5, 2026

$1.03vs $1.04-1.0%

$782Mvs $786M-0.5%

Q4 2025

Oct 28, 2025

$1.02vs $1.02+0.0%

$782Mvs $786M-0.5%

Q3 2025

Aug 4, 2025

$0.99vs $0.99+0.0%

$769Mvs $781M-1.5%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

EQREquity ResidentialCurrent

$68.63

$25.71B

23.58

4.06%

36.12%

9.74%

3.92%

AVBAvalonBay Communities, Inc.

$190.43

$27.02B

25.77

4.29%

37.27%

9.54%

—

ESSEssex Property Trust, Inc.

$295.18

$19.03B

28.36

7.11%

30.17%

9.99%

—

UDRUDR, Inc.

$40.62

$13.24B

35.95

2.42%

28.6%

12.37%

—

CPTCamden Property Trust

$115.66

$12.11B

32.67

1.92%

32.81%

8.71%

—

MAAMid-America Apartment Communities, Inc.

$139.94

$16.28B

37.02

0.83%

18.19%

6.81%

—