Equity Residential (EQR)
NYSEReal EstateReit - ResidentialSnapshot 2026-07-31
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Create your account →NYSEReal EstateReit - ResidentialSnapshot 2026-07-31
Reading EQR? Create a free portfolio, then add this holding for ongoing Reports and tracking. Track it in a free portfolio. No credit card.
Create your account →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: same store NOI growth metric not reported.
View ThesisRevenue is contracting — down about 8% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-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 merger with AvalonBay Communities aims to drive growth. Recent earnings showed a 2.2% revenue increase in Q1 FY2026 and a Q2 beat. It trades at 12.6× P/FFO, below the 13.6× peer median, indicating it looks expensive. The primary risk is that same store revenue growth could be hindered by rising expenses. Peer multiples imply a price about 24% below where it trades.
Trailing returns as of 2026-07-31. EQR is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 22 analysts currently covering EQR (as of Jul 2026).
Based on 10 Wall Street analysts offering 12-month price targets for EQR in the last 4 months.
A consensus fair price across 9 valuation methods, at three horizons. As of 2026-08-01. 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.
Advances: Complete merger with AvalonBay Communities
Name announcement confirms merger progress and strategic alignment.
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 2026-07-31. EPS is implied from price ÷ P/E. Not investment advice.
Current $66.45
The last 12 months of price, then the range of analyst 12-month targets from today’s $66.45.
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.
Top 25% 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 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.
Concerns over merger viability could impact growth.
High coastal exposure presents risks to revenue growth.