Is Equity Residential (EQR) overvalued or fairly valued?

MarketChacha shows Equity Residential's valuation in context — a trailing P/E of about 35.4, a forward P/E of about 41.1, a price-to-book of about 2.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Equity Residential's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.59×) from reported figures — education, not a rating.

What is the share price of Equity Residential (EQR)?

Equity Residential last traded at $63.66, as of 8/17/2026 — a delayed quote shown for education, not investment advice.

Equity Residential

EQR · NYSE · Real Estate · United States

Snapshot

TickerEQR

ExchangeNYSE

SectorReal Estate

IndustryREIT - Residential

CountryUnited States

Employees2,400

HeadquartersChicago, United States

Websitewww.equityapartments.com

Filings tracked22

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages 312 rental properties consisting of 85,520 apartment units in dynamic metro areas across the U.S. with a primary concentration in major coastal markets, diversified by a targeted presence in the high-growth metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver. Equity Residential was incorporated in 1993 and is based in Chicago, United States.

Who owns it

Insiders0.3%
Institutions48.6%
Public & other51.1%

1,082 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.12.19%
NORGES BANK9.29%
Vanguard Portfolio Management LLC8.29%
State Street Corporation6.34%
Vanguard Capital Management LLC6.24%
Price (T.Rowe) Associates Inc4.74%
Apg Asset Management US Inc.2.90%
Geode Capital Management, LLC2.83%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.59×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $801.4M · EPS 0.38

Est. earnings growth +32.8%

Next fiscal year

Rev $3.3B · EPS 1.54

Est. earnings growth +20.4%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

ROE

10.1%

Profit CAGR (2y)

+15.8%

EPS (FY2025)

2.94

Net profit (FY2025)

$1.1B

Ask MarketChacha about EQR

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$1.1B	2.94	10.1%
FY2024	$1.0B	2.72	9.4%
FY2023	$835.4M	2.20	7.5%

Quarterly

Period	Net profit	EPS
2026Q2	$114.1M	0.30
2026Q1	$90.1M	0.24
2025Q3	$289.1M	0.76
2025Q2	$192.4M	0.50
2025Q1	$256.6M	0.67
2024Q3	$143.4M	0.38
2024Q2	$177.5M	0.47
2024Q1	$295.8M	0.77
2023Q3	$172.5M	0.45
2023Q2	$139.2M	0.37
2023Q1	$212.0M	0.56

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC8/6/2026material
8-K — Other events, Exhibits
SEC7/31/2026material
8-K — Other events
SEC7/31/2026material
10-Q filing
SEC7/30/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Shareholder vote results
SEC6/22/2026material
8-K — Executive/director change, Other events, Exhibits
SEC6/8/2026material
8-K — Material agreement, Executive/director change, Bylaw/charter change, Reg FD disclosure, Other events, Exhibits
SEC5/21/2026material
10-Q filing
SEC4/30/2026
8-K — Results of operations, Exhibits
SEC4/28/2026material
8-K — Reg FD disclosure
SEC4/15/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/2/2026material
10-K filing
SEC2/13/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material

2025

8-K — Material agreement, Material financial obligation, Exhibits
SEC12/4/2025material
8-K — Reg FD disclosure
SEC12/1/2025material
10-Q filing
SEC10/30/2025
8-K — Results of operations, Exhibits
SEC10/28/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/8/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/2/2025material
10-Q filing
SEC8/6/2025
8-K — Results of operations, Exhibits
SEC8/4/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.