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Equity Residential
EQRReal EstateGenerated Jul 5, 2026, 08:13 PM UTC
EQR (Equity Residential) analytical snapshot. Return on equity 7.56%, ROA 4.01%, ROIC 0.00%. Net income up ▲ +7.5% YoY. Debt/equity 0.77, current ratio —, net debt $8.21B. Market cap $26.16B at $69.83 per share. Trailing P/E 31.74, P/S 10.59, P/B 2.45. EV/Operating income ≈ 20.51 (EV $34.37B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -0 (data confidence 79%). Descriptive analytics from public filings — not investment advice.
Free SEC analysis
— computed from SEC filings, free to readFundamentals
Return on equity 7.56%, ROA 4.01%, ROIC 0.00%. Net income up ▲ +7.5% YoY. Debt/equity 0.77, current ratio —, net debt $8.21B.
- Return on equity 7.56%, ROA 4.01%, ROIC 0.00%.
- Net income up ▲ +7.5% YoY.
- Debt/equity 0.77, current ratio —, net debt $8.21B.
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | $2.61B | — | 0.00 | 35.25 | 24.14 | — | 6.03 |
| 2017 | $2.74B | +5.0% | 0.00 | 36.77 | 31.70 | $1.35B | 8.51 |
| 2018 | $2.43B | -11.6% | 0.00 | 35.29 | 176.94 | $1.21B | 41.91 |
| 2019 | $2.47B | +1.9% | 0.00 | 40.65 | 24.42 | — | 5.93 |
| 2020 | — | — | — | — | — | — | 6.37 |
| 2021 | — | — | — | — | — | — | 9.22 |
| 2022 | — | — | — | — | — | — | 8.34 |
| 2023 | — | — | — | — | — | — | 11.93 |
| 2024 | — | — | — | — | — | — | 7.01 |
| 2025 | — | — | — | — | — | — | 7.56 |
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2019 | $662.5M | +4.7% | — | 15.78% |
| Jun 30, 2019 | $1.33B | +4.7% | +101.1% | 31.04% |
| Jun 30, 2019 | $669.5M | -47.4% | -49.7% | 61.76% |
| Sep 30, 2019 | $2.02B | +4.7% | +201.3% | 33.74% |
| Sep 30, 2019 | $685.1M | -64.4% | -66.0% | 99.34% |
| Mar 31, 2020 | $682.3M | +3.0% | -0.4% | 45.23% |
Filings & Ownership
Latest annual report (10-K) filed Feb 13, 2026. Latest quarterly report (10-Q) filed Apr 30, 2026. 21 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 13, 2026.
- Latest quarterly report (10-Q) filed Apr 30, 2026.
- 21 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
| Date | Form | Description |
|---|---|---|
| Jun 22, 2026 | 8-K | 8-K |
| Jun 8, 2026 | 8-K | 8-K |
| May 21, 2026 | 8-K | 8-K |
| Apr 28, 2026 | 8-K | 8-K |
| Apr 15, 2026 | 8-K | 8-K |
| Mar 2, 2026 | 8-K | 8-K |
| Feb 5, 2026 | 8-K | 8-K |
| Dec 4, 2025 | 8-K | 8-K |
SEC Filing Deep-Analysis
3 risk signal(s), 1 positive signal(s), 2 watch item(s) detected from XBRL filing diff analysis. 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 11 filing(s).
- NEW: Material weakness in internal controls in latest filing: The term "material weakness" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 19 filing(s).
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 10 filing(s).
- Operating cash flow exceeds net income: OCF is 1.83x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- NEW: Impairment charge: Impairment charge appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- NEW: Restructuring: Restructuring appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 5 new risk-language term(s) detected in filing text: Going concern doubt, Material weakness in internal controls, Substantial doubt about ability to continue, Impairment charge, Restructuring.
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $2.43B | $2.47B | $45.6M | +1.9% |
| Gross profit | — | $1.01B | — | — |
| Operating income | $1.32B | $1.68B | $357.9M | +27.2% |
| Net income | $776.9M | $835.4M | $58.5M | +7.5% |
| Operating cash flow | $1.45B | $1.53B | $78.0M | +5.4% |
| Capex | $4.0M | $5.7M | $1.7M | +43.6% |
| Total assets | $20.03B | $20.83B | $799.6M | +4.0% |
| Total liabilities | $8.46B | $9.25B | $793.6M | +9.4% |
| Long-term debt | $8.19B | $8.24B | $48.2M | +0.6% |
| Cash & equivalents | $53.9M | $50.7M | $-3.1M | -5.8% |
| Stockholders equity | $11.09B | $11.04B | $-41.3M | -0.4% |
| Interest expense | $700000 | $1.3M | $600000 | +85.7% |
| Type | Concepts |
|---|---|
| Removed | AllocatedShareBasedCompensationExpense, BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets, BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand, DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet, DeferredCompensationArrangementWithIndividualCompensationExpense, DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter, DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths, DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive, DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour, DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree |
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 11 | 0 | NEW |
| Material weakness in internal controls | high | 19 | 0 | NEW |
| Substantial doubt about ability to continue | high | 10 | 0 | NEW |
| Impairment charge | medium | 28 | 0 | NEW |
| Restructuring | medium | 23 | 0 | NEW |
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- ProValuationMarket cap $26.16B at $69.83 per share.
- ProPrice & TechnicalsPrice $69.83 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Moderate.
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Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. Equity Residential is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Analytical read
deterministic previewPrice $69.83 — uptrend (above 200-DMA); 1-month momentum positive..
Peer comparison
Rate-sensitive groupHow EQR stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Capital One Financial COF | 23 | Neutral |
| Chubb Ltd. CB | 23 | Neutral |
| U.S. Bancorp USB | 17 | Neutral |
| JPMorgan Chase & Co. JPM | 16 | Neutral |
| Prologis Inc. PLD | 14 | Neutral |
| Simon Property Group SPG | 13 | Neutral |
| American Express Co. AXP | 11 | Neutral |
| Bank of America Corp. BAC | 11 | Neutral |
| Visa Inc. V | 8 | Neutral |
| Mastercard Inc. MA | 8 | Neutral |
| Public Storage PSA | 8 | Neutral |
| Dominion Energy D | 6 | Neutral |
| Charles Schwab Corp. SCHW | 6 | Neutral |
| CME Group Inc. CME | 6 | Neutral |
| PNC Financial Services PNC | 4 | Neutral |
| Realty Income Corp. O | 4 | Neutral |
| Travelers Cos. TRV | 2 | Neutral |
| Duke Energy Corp. DUK | 0 | Neutral |
| Bank of New York Mellon BK | 0 | Neutral |
| Marsh & McLennan MMC | 0 | Neutral |
| Equity Residential EQR● you | 0 | Neutral |
| Wells Fargo & Co. WFC | -1 | Neutral |
| Welltower Inc. WELL | -1 | Neutral |
| Exelon Corp. EXC | -3 | Neutral |
| NextEra Energy NEE | -4 | Neutral |
| Xcel Energy XEL | -5 | Neutral |
| American International Group AIG | -5 | Neutral |
| Truist Financial TFC | -5 | Neutral |
| Digital Realty Trust DLR | -6 | Neutral |
| Allstate Corp. ALL | -7 | Neutral |
| S&P Global SPGI | -8 | Neutral |
| American Water Works AWK | -9 | Neutral |
| Goldman Sachs Group GS | -10 | Neutral |
| Citigroup Inc. C | -11 | Neutral |
| Moody's Corp. MCO | -13 | Neutral |
| Morgan Stanley MS | -13 | Neutral |
| MetLife Inc. MET | -13 | Neutral |
| Southern Company SO | -15 | Neutral |
| BlackRock Inc. BLK | -15 | Neutral |
| Equinix Inc. EQIX | -16 | Neutral |
| American Electric Power AEP | -18 | Neutral |
| Crown Castle Inc. CCI | -18 | Neutral |
| American Tower Corp. AMT | -39 | Neutral |