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Equity Residential
EQRReal EstateGenerated Aug 19, 2026, 11:15 PM UTC
EQR (Equity Residential) analytical snapshot. Revenue declined +1.6% YoY to $1.94B. Net margin at 19.68%. Gross margin 0.00%, operating margin 27.24%. Market cap $23.18B at $63.66 per share. EV/Operating income ≈ 43.61 (EV $23.09B). DCF not computed (no positive free cash flow reported). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -10 (data confidence 67%). Descriptive analytics from public filings — not investment advice.
Free SEC analysis
— computed from SEC filings, free to readFilings & Ownership
Latest annual report (10-K) filed Feb 13, 2026. Latest quarterly report (10-Q) filed Jul 30, 2026. 39 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 13, 2026.
- Latest quarterly report (10-Q) filed Jul 30, 2026.
- 39 recent 8-K material-event filings in the index.
- ~10,000+ recent 13F-HR filings reference Equity Residential; broad institutional reporting.
- Recent filers include SCOPIA MANAGEMENT INC, SCOPIA MANAGEMENT INC, LEND LEASE ROSEN REAL ESTATE SECURITIES LLC.
- 20 recent 13G passive institutional ownership notices.
| Filer | Form | Filed |
|---|---|---|
| SCOPIA MANAGEMENT INC | 13F-HR | Aug 14, 2007 |
| SCOPIA MANAGEMENT INC | 13F-HR | Nov 14, 2007 |
| LEND LEASE ROSEN REAL ESTATE SECURITIES LLC | 13F-HR | Feb 13, 2001 |
| LEND LEASE ROSEN REAL ESTATE SECURITIES LLC | 13F-HR | May 16, 2001 |
| LEND LEASE ROSEN REAL ESTATE SECURITIES LLC | 13F-HR | Feb 9, 2001 |
| Date | Form | Description |
|---|---|---|
| Aug 17, 2026 | 8-K | 8-K |
| Aug 17, 2026 | 8-K | 8-K |
| Aug 6, 2026 | 8-K | 8-K |
| Jul 31, 2026 | 8-K | 8-K |
| Jun 8, 2026 | 8-K | 8-K |
| May 21, 2026 | 8-K | 8-K |
| Apr 15, 2026 | 8-K | 8-K |
| Dec 4, 2025 | 8-K | 8-K |
SEC Filing Deep-Analysis
3 risk signal(s), 1 positive signal(s), 1 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" "substantial doubt" 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 5 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 5 filing(s).
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 5 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 1.76x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- 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 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 3 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Restructuring.
- Ongoing high-severity risk language: Restatement of financial statements.
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $1.98B | $1.94B | $-32.0M | -1.6% |
| Operating income | $458.2M | $529.4M | $71.2M | +15.5% |
| Net income | $433.8M | $382.6M | $-51.2M | -11.8% |
| Operating cash flow | $755.3M | $672.5M | $-82.8M | -11.0% |
| Total assets | — | $16.54B | — | — |
| Total liabilities | — | $11.20B | — | — |
| Cash & equivalents | $260.3M | $50.8M | $-209.4M | -80.5% |
| Interest expense | $489.5M | $503.8M | $14.3M | +2.9% |
| Type | Concepts |
|---|---|
| Added | AdditionalPaidInCapital, AmortizationOfIntangibleAssets, AssetsFairValueDisclosure, BusinessCombinationAcquisitionRelatedCosts, BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets, CommercialPaper, CommonStockDividendsPerShareDeclared, CommonStockParOrStatedValuePerShare, CommonStockSharesAuthorized, CommonStockSharesIssued |
| Removed | AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent, AccretionAmortizationOfDiscountsAndPremiumsInvestments, DistributionsPayableToRealEstatePartnerships, GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee, GainsLossesOnExtinguishmentOfDebt, GeneralPartnersCapitalAccount, InvestmentIncomeInterest, LiabilitiesAndPartnersCapital, LimitedPartnersCapitalAccount, LineOfCredit |
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 5 | 0 | NEW |
| Substantial doubt about ability to continue | high | 5 | 0 | NEW |
| Restatement of financial statements | high | 5 | 2 | Ongoing |
| Impairment charge | medium | 5 | 2 | Ongoing |
| Restructuring | medium | 5 | 0 | NEW |
| Off-balance sheet arrangements | medium | 5 | 2 | Ongoing |
| Related party transactions | low | 5 | 2 | Ongoing |
Fundamentals
Revenue declined +1.6% YoY to $1.94B. Net margin at 19.68%. Gross margin 0.00%, operating margin 27.24%.
- Revenue declined +1.6% YoY to $1.94B.
- Net margin at 19.68%.
- Gross margin 0.00%, operating margin 27.24%.
- Net income down ▼ +11.8% YoY.
- Asset turnover 0.08 — capital efficiency.
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2008 | $1.98B | +8.3% | 0.00 | 23.19 | 21.96 | — | — |
| 2009 | $1.94B | -1.6% | 0.00 | 27.24 | 19.68 | — | — |
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 30, 2009 | $492.8M | -3.6% | — | 29.16% |
| Mar 31, 2010 | $488.7M | +1.2% | -0.8% | 11.89% |
| Mar 31, 2014 | $633.4M | — | +29.6% | 12.49% |
| Jun 30, 2014 | $652.6M | — | +3.0% | 17.27% |
| Mar 31, 2015 | $666.4M | +5.2% | +2.1% | 27.39% |
| Jun 30, 2015 | $679.1M | +4.1% | +1.9% | 42.18% |
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Market cap $23.18B at $63.66 per share. EV/Operating income ≈ 43.61 (EV $23.09B). DCF not computed (no positive free cash flow reported).
- Market cap $23.18B at $63.66 per share.
Price & Technicals
Price $63.66 — uptrend (above 200-DMA); 1-month momentum negative. RSI(14) 36.18.
- Price $63.66 — uptrend (above 200-DMA); 1-month momentum negative.
Macro & Rates
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
Risk Scorecard
Composite risk Elevated. Earnings stability: net-margin stdev 21.09pp over 3y. Profitability net margin 19.68%.
- Composite risk: Elevated.
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3 sections free · 4 Pro previews · composite -10
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 previewMarket regime: Risk-on · Supportive..
Peer comparison
Rate-sensitive groupHow EQR stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Allstate Corp. ALL | 30 | Neutral |
| Visa Inc. V | 24 | Neutral |
| CME Group Inc. CME | 23 | Neutral |
| Capital One Financial COF | 21 | Neutral |
| Charles Schwab Corp. SCHW | 19 | Neutral |
| American Express Co. AXP | 16 | Neutral |
| Simon Property Group SPG | 15 | Neutral |
| Digital Realty Trust DLR | 13 | Neutral |
| Mastercard Inc. MA | 11 | Neutral |
| U.S. Bancorp USB | 10 | Neutral |
| Travelers Cos. TRV | 10 | Neutral |
| Chubb Ltd. CB | 7 | Neutral |
| MetLife Inc. MET | 7 | Neutral |
| JPMorgan Chase & Co. JPM | 7 | Neutral |
| Welltower Inc. WELL | 6 | Neutral |
| Dominion Energy D | 4 | Neutral |
| Bank of America Corp. BAC | 3 | Neutral |
| Moody's Corp. MCO | 2 | Neutral |
| PNC Financial Services PNC | 2 | Neutral |
| Wells Fargo & Co. WFC | 1 | Neutral |
| BlackRock Inc. BLK | 1 | Neutral |
| American Tower Corp. AMT | 0 | Neutral |
| American Electric Power AEP | 0 | Neutral |
| Bank of New York Mellon BK | 0 | Neutral |
| Marsh & McLennan MMC | 0 | Neutral |
| Truist Financial TFC | -1 | Neutral |
| American Water Works AWK | -2 | Neutral |
| Equinix Inc. EQIX | -4 | Neutral |
| Goldman Sachs Group GS | -4 | Neutral |
| Prologis Inc. PLD | -5 | Neutral |
| Xcel Energy XEL | -5 | Neutral |
| Public Storage PSA | -5 | Neutral |
| Citigroup Inc. C | -5 | Neutral |
| Realty Income Corp. O | -6 | Neutral |
| Equity Residential EQR● you | -10 | Neutral |
| NextEra Energy NEE | -13 | Neutral |
| Duke Energy Corp. DUK | -14 | Neutral |
| Southern Company SO | -14 | Neutral |
| Exelon Corp. EXC | -14 | Neutral |
| Morgan Stanley MS | -14 | Neutral |
| S&P Global SPGI | -19 | Neutral |
| Crown Castle Inc. CCI | -21 | Neutral |
| American International Group AIG | -23 | Neutral |