Equity Residential (EQR)
NYSEReal EstateReit - ResidentialSnapshot 2026-09-04
$64.96+0.08%
Close 2026-09-03 · 1-day change
NYSEReal EstateReit - ResidentialSnapshot 2026-09-04
Research Workspace
Put EQR beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Real Estate is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Same store net operating income growth at least 1% YoY: metric not reported.
View ThesisRevenue is contracting — down about 8% over the past year.
View GrowthMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationRelatively steady — typically moves about 1% a day.
View RiskEquity Residential's growth depends on the merger with AvalonBay Communities. This merger supports its growth objectives and could drive revenue. Revenue grew 2.2% year over year, with a strong Q1 beat. EQR trades at 12× P/FFO, below the peer median of 13×. The price reflects less growth than expected, indicating modest expectations. A risk is that same store net operating income growth is not reported. Peer multiples imply a price about 15% below where it trades.
Trailing returns as of 2026-09-03. EQR is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 20 analysts currently covering EQR (as of Aug 2026).
Based on 8 Wall Street analysts offering 12-month price targets for EQR in the last 4 months.
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Compare EQR with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| EQR Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Multi-Family Residential REITs — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put EQR next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Complete merger with AvalonBay Communities
Merger approval directly supports growth objectives.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-03. EPS is implied from price ÷ P/E. Not investment advice.
Current $64.96
The last 12 months of price, then the range of analyst 12-month targets from today’s $64.96.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Complete merger with AvalonBay Communities
Merger approval directly supports growth objectives.
Advances: Complete merger with AvalonBay Communities
Name announcement confirms merger progress and strategic alignment.
Advances: Complete merger with AvalonBay Communities
Merger completion aligns with growth objectives.
Advances: Drive same store revenue and NOI growth
Q2 FFO beat supports revenue and NOI growth objectives.
Threatens: Focus on same store revenue growth
Expenses mounting could hinder same store revenue growth.
Merger enhances growth potential and market position.
Potential merger could significantly boost revenue growth.