Equity Residential Properties Trust
EQR
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+ FollowMarket Cap$23.87B
Close$
Earnings Call Q1 2026
April 29, 2026 - AI Summary
Strong Performance in Key Markets: Equity Residential reported robust first-quarter results driven by strong demand in high-performing markets like San Francisco and New York. The same-store revenue performance was bolstered by low new supply levels and a target demographic of higher-earning renters, contributing to portfolio occupancy at over 96%.
Positive Outlook on Future Deliveries: Deliveries in Equity Residential’s markets are expected to decrease by 35% in 2026 compared to 2025, leading to a positive trend line for revenue growth as housing supply diminishes. The company anticipates that this will create opportunities for increased rental rates and overall operating performance, especially in the back half of 2026 and into 2027.
Mixed Job Market Signals: Although the portfolio showed low delinquency rates and rising household incomes, there are mixed signals regarding the job market, with ongoing layoffs in the tech sector causing uncertainty. However, an increase in job postings related to high-earning roles is viewed positively, potentially driving further demand.
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$91.35
43.5% upside
Current Fair Value
43.5% upsideUndervalued by 43.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $23.87 Billion |
|---|---|
| Enterprise Value | $32.40 Billion |
| Dividend Yield | $2.79 (4.18%) |
| Earnings per Share | $2.97 |
| Beta | 0.75 |
| Outstanding Shares | 382,406,000 |
Return
| Return on Equity | 8.32% |
|---|---|
| Return on Assets | 4.32% |
| Return on Invested Capital | 6.82% |
Valuation & Multiples
| P/E Ratio | 28.91 |
|---|---|
| PEG | -71.1 |
| Price to Sales | 7.96 |
| Price to Book Ratio | 2.27 |
| Enterprise Value to Revenue | 10.33 |
| Enterprise Value to EBIT | 24.93 |
| Enterprise Value to Net Income | 37 |
| Total Debt to Enterprise | 0.26 |
| Debt to Equity | 0.81 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
August 3, 2026
EPS Estimate
$0.45
Average shareholder expectationRevenue Estimate
$787.71 M
Average shareholder expectationNext Earnings Call
Expected Date
October 27, 2026
EPS Estimate
$0.38
Average shareholder expectationRevenue Estimate
$796.42 M
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 2.8591▼ 0.47% |
|---|---|
| Total Calls | 222,800▼ 6.15% |
| Total Puts | 637,000▼ 6.31% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 98.14%▲ 12.17% |
|---|---|
| Total Invested | $28.69B▲ 48.62% |
| Investors Holding | 710▼ 12.00% |
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...