Equity Residential Properties Trust
EQR
Market Cap$28.04B
Close$
Earnings Call Q2 2024
July 30, 2024 - AI Summary
Same-store revenues increased 2.9% in the second quarter, exceeding expectations.
Northeastern markets (Boston, New York, Washington, D.C.) and Seattle performed better than expected, while expansion markets (Atlanta, Austin, Dallas-Fort Worth, Denver) faced pressure from high levels of supply.
High homeownership costs and limited for-sale inventory continue to support rental housing performance.
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$82.06
11.1% upside
Current Fair Value
11.1% upsideUndervalued by 11.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $28.04 Billion |
|---|---|
| Enterprise Value | $35.34 Billion |
| Dividend Yield | $2.7 (3.63322968771123%) |
| Earnings per Share | $2.2 |
| Beta | 0.91 |
| Outstanding Shares | 378,578,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 29.25 |
|---|---|
| PEG | 106.36 |
| Price to Sales | 10.55 |
| Price to Book Ratio | 2.46 |
| Enterprise Value to Revenue | 12.09 |
| Enterprise Value to EBIT | 161.29 |
| Enterprise Value to Net Income | 36 |
| Total Debt to Enterprise | 0.21 |
| Debt to Equity | 0.67 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Equity Residential Properties Trust
2,700 employees
CEO: David Neithercut Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of rental apartment properties located in urban and high-density...