Equity Residential (EQR)
NYSEReal EstateReit - ResidentialSnapshot 2026-11-05
$65.35+0.60%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - ResidentialSnapshot 2026-11-05
QuarterlyIQ Insights · EQR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 15.9% |
| Our one-year growth estimate | diamond | 25.2% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 9.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 13 industry peers · Company calendar date is not available
EQR — credit agreement
Dated 2026-08-17
Entry into a Material Definitive Agreement. Supplemental Indentures On the Closing Date, in connection with the Mergers, Merger Sub, ERP Operating Partnership and The Bank of New York Mellon, as trustee, entered into the Sixth Supplemental Indenture (the “Sixth Supplemental Indenture”) to the Indenture, dated as of January 16, 1998 (as supplemented by that certain First Supplemental Indenture dated as of January 20, 1998 (the “1998 First Supplemental Indenture”), by that certain Second Supple…
Why it matters: The companies cited $125 million in net savings after tax changes. Reported results can show if those savings are taking shape.
Supportive ifA company filing or earnings release reports merger savings near the $125 million net goal. Merger costs do not rise above the stated plan.
Worry ifA company filing or earnings release reports savings far below $125 million. Or it reports higher merger costs that delay the savings plan.
Why it matters: The sector is in a mature phase, and its margin trend is near -3%. A stronger revenue trend would help ease that pressure.
Supportive ifEQR reports same-store revenue growth above its 2026 range midpoint of 2.4% in a later report.
Worry ifEQR reports same-store revenue growth below the 2.1% low end of its 2026 range.
Why it matters: The merger closed on August 17. The first full-quarter report can show whether the larger company keeps rent growth and controls costs.
Watch forSame-store revenue grows at least 2.1% year over year, while expense growth stays at or below 4.0%.
Also watch forSame-store revenue growth falls below 2.1%, or expense growth rises above 4.0%.
Why it matters: Q2 same-store NOI grew 1.4%. The 2026 plan calls for 1.5% to 2.1% growth, so the next results test that goal.
Watch forFull-year 2026 same-store NOI growth is at least 1.5%, within or above the stated 1.5% to 2.1% range.
Also watch forFull-year 2026 same-store NOI growth is below 1.5%, or a company update cuts the range.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$79 on $10,000 · ±0.8% | How much price usually moves either way. |
| Bad day | $214 loss on $10,000 · 2.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,158 loss on $10,000 · 11.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: July new lease rates fell 0.1%, while renewal rates rose 4.9%. A move above zero would show stronger pricing for new renters.
Supportive ifA later monthly update or quarterly report shows new lease rates above 0% year over year.
Worry ifNew lease rates remain below 0% year over year and fall below July's -0.1% level.