Equity Residential (EQR)

In the past six months, Equity Residential reported its Fourth Quarter 2024 results in February 2025, with Q4 EPS increasing by 34.1% to $1.10, while Funds From Operations (FFO) per share decreased by 3.0% to $0.97. For the full year 2024, same-store revenues grew 3.0%, and Net Operating Income (NOI) increased by 3.1%. EQR also provided 2025 guidance, projecting same-store revenue growth between 2.25% and 3.25%. In February 2025, Equity Residential priced $400 million of 4.900% notes due 2034 and $350 million of 4.650% notes due 2027. In early 2025, Equity Residential increased its annual dividend by 2.6% to $2.77 per share. The company declared its Second Quarter 2025 dividends in June 2025, with a regular common share dividend of $0.6925 per share payable on July 11, 2025. Equity Residential announced executive management team leadership transition plans in June 2025. In July 2025, Evercore ISI Group upgraded its outlook for Equity Residential from "In-Line" to "Outperform," and UBS maintained a "Buy" rating on the stock. Despite these positive developments, Equity Residential's shares have declined by 3.6% in the past six months, underperforming the industry's fall of 3.2%. The stock price as of July 18, 2025, was $67.17 per share.

Demand for Equity Residential's products and services exhibits clear seasonality. The primary leasing season, typically in the first half of the year, shows good momentum with strong demand. Conversely, the second half of the year typically experiences "seasonal deceleration curves" where demand softens and rent growth moderates.

Equity Residential (EQR) is a REIT specializing in the acquisition, development, and management of high-quality residential apartment properties across the United States. The company operates within the Real Estate sector, focusing on multifamily residential properties, and generates revenue from rental income. As of July 2025, EQR owned 312 properties comprising 84,648 apartment units. The company strategically targets high-demand urban and suburban markets.

Equity Residential maintains a strong presence in major U.S. cities, including Boston, New York, Washington, D.C., Southern California, San Francisco, and Seattle. The company is also expanding into growth markets such as Denver, Atlanta, Dallas/Ft. Worth, and Austin.

Equity Residential has maintained a strong brand reputation, particularly in its commitment to sustainability and corporate responsibility. In February 2025, Equity Residential was recognized as Nareit's 2024 Leader in the Light Award for the residential sector. Additionally, in 2024, Equity Residential was named to TIME's list of the world's most sustainable companies.

Equity Residential's ownership is predominantly held by institutional investors, accounting for approximately 83.64% of the shares. Individual investors hold about 13.14% of the company's stock, while Equity Residential insiders own 3.22%. Samuel Zell is the largest individual shareholder, holding 5.56 million shares, representing 1.46% of the company.