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59.13 (1y: -5%)
Market Cap 21.88 B P/E(ttm) 11.50
Enterprise Value 27.61 B P/B 2.90
EQR- NYSE (USA)
Equity Residential
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$59.13
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.073
EQR's Cash to Debt is ranked lower than
76% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.06 vs. EQR: 0.073 )
EQR' s 10-Year Cash to Debt Range
Min: 0   Max: 0.09
Current: 0.07
0
0.09
Equity to Asset 0.424
EQR's Equity to Asset is ranked lower than
65% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.45 vs. EQR: 0.424 )
EQR' s 10-Year Equity to Asset Range
Min: 0.3   Max: 0.47
Current: 0.42
0.3
0.47
Interest Coverage 2.2
EQR's Interest Coverage is ranked higher than
69% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.05 vs. EQR: 2.2 )
EQR' s 10-Year Interest Coverage Range
Min: 1   Max: No Debt
Current: 2.2
F-Score: 6
Z-Score: 1.08
M-Score: -3.43
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 31.50
EQR's Operating margin (%) is ranked higher than
59% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 29.40 vs. EQR: 31.50 )
EQR' s 10-Year Operating margin (%) Range
Min: 22.1   Max: 38.3
Current: 31.5
22.1
38.3
Net-margin (%) 39.6
EQR's Net-margin (%) is ranked higher than
70% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 16.30 vs. EQR: 39.6 )
EQR' s 10-Year Net-margin (%) Range
Min: 14.2   Max: 53.9
Current: 39.6
14.2
53.9
ROE (%) 11.5
EQR's ROE (%) is ranked higher than
90% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.40 vs. EQR: 11.5 )
EQR' s 10-Year ROE (%) Range
Min: 5.6   Max: 19.5
Current: 11.5
5.6
19.5
ROA (%) 4.9
EQR's ROA (%) is ranked higher than
88% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.00 vs. EQR: 4.9 )
EQR' s 10-Year ROA (%) Range
Min: 1.8   Max: 7.1
Current: 4.9
1.8
7.1
ROC (Joel Greenblatt) (%) 4.20
EQR's ROC (Joel Greenblatt) (%) is ranked higher than
65% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.00 vs. EQR: 4.20 )
EQR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 2   Max: 6.8
Current: 4.2
2
6.8
Revenue Growth (%) -0.2
EQR's Revenue Growth (%) is ranked higher than
70% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: -4.95 vs. EQR: -0.2 )
EQR' s 10-Year Revenue Growth (%) Range
Min: -4.1   Max: 3.6
Current: -0.2
-4.1
3.6
EBITDA Growth (%) 2.1
EQR's EBITDA Growth (%) is ranked higher than
81% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: -4.20 vs. EQR: 2.1 )
EQR' s 10-Year EBITDA Growth (%) Range
Min: -4.4   Max: 4
Current: 2.1
-4.4
4
EPS Growth (%) 20.8
EQR's EPS Growth (%) is ranked higher than
90% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: -3.90 vs. EQR: 20.8 )
EQR' s 10-Year EPS Growth (%) Range
Min: -27.2   Max: 24
Current: 20.8
-27.2
24
ยป EQR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

EQR Guru Trades in Q2 2012

Steven Cohen 41,978 sh (New)
Ray Dalio 11,334 sh (New)
Chris Davis 519,606 sh (+53.3%)
Manning & Napier Advisors, Inc 68,860 sh (+15.77%)
Pioneer Investments 632,853 sh (+1.18%)
Ken Heebner 1,630,000 sh (unchged)
Jeremy Grantham 74,500 sh (-26.51%)
» More
Q3 2012

EQR Guru Trades in Q3 2012

Ray Dalio 79,534 sh (+601.73%)
Chris Davis 857,270 sh (+64.98%)
Ken Heebner 1,570,000 sh (-3.68%)
Jeremy Grantham 68,100 sh (-8.59%)
Manning & Napier Advisors, Inc 45,530 sh (-33.88%)
Steven Cohen 23,023 sh (-45.15%)
Pioneer Investments 190,176 sh (-69.95%)
» More
Q4 2012

EQR Guru Trades in Q4 2012

Manning & Napier Advisors, Inc 119,400 sh (+162.24%)
Jeremy Grantham 83,000 sh (unchged)
Pioneer Investments 188,593 sh (-0.83%)
Chris Davis 578,492 sh (-32.52%)
Ray Dalio 45,234 sh (-43.13%)
Ken Heebner 775,000 sh (-50.64%)
Steven Cohen 5,400 sh (-76.55%)
» More
Q1 2013

EQR Guru Trades in Q1 2013

Steven Cohen 25,230 sh (+367.22%)
Ken Heebner 1,225,000 sh (+58.06%)
Ray Dalio 68,534 sh (+51.51%)
Chris Davis 646,724 sh (+11.79%)
Pioneer Investments 206,713 sh (+9.61%)
Jeremy Grantham 90,826 sh (+9.43%)
Manning & Napier Advisors, Inc 124,680 sh (+4.42%)
» More
» Details

Insider Trades

Latest Guru Trades with EQR

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ray Dalio 2013-03-31 Add 51.51%0.01%$54.16 - $58.74 $ 60.758%68534
Ray Dalio 2012-12-31 Reduce -43.13%0.03%$54.06 - $59.1 $ 60.758%45234
Ray Dalio 2012-09-30 Add 601.73%0.05%$56.99 - $65.45 $ 60.75-1%79534
Ray Dalio 2012-06-30 New Buy0.01%$59.15 - $63.33 $ 60.75-1%11334
Ray Dalio 2012-03-31 Sold Out 0.01%$54.07 - $61.84 $ 60.7511%0
Ray Dalio 2011-12-31 New Buy0.01%$49.66 - $59.96 $ 60.759%5334
John Keeley 2011-09-30 Sold Out 0.0038%$51.33 - $63.68 $ 60.752%0
Dodge & Cox 2011-06-30 Sold Out $55.55 - $61.83 $ 60.753%0
Dodge & Cox 2011-03-31 Reduce -23.83%$49.94 - $55.59 $ 60.7514%14700
John Keeley 2010-12-31 New Buy$47.36 - $52.29 $ 60.7521%4473
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 11.50
EQR's P/E(ttm) is ranked higher than
55% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 26.15 vs. EQR: 11.50 )
EQR' s 10-Year P/E(ttm) Range
Min: 8.17   Max: 115.55
Current: 11.5
8.17
115.55
P/B 2.90
EQR's P/B is ranked lower than
88% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. EQR: 2.90 )
EQR' s 10-Year P/B Range
Min: 0.92   Max: 3.56
Current: 2.9
0.92
3.56
P/S 8.90
EQR's P/S is ranked lower than
72% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.20 vs. EQR: 8.90 )
EQR' s 10-Year P/S Range
Min: 2.33   Max: 9.72
Current: 8.9
2.33
9.72
EV-to-EBIT 41.7
EQR's EV-to-EBIT is ranked lower than
56% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 28.60 vs. EQR: 41.7 )
EQR' s 10-Year EV-to-EBIT Range
Min: 18.1   Max: 67.8
Current: 41.7
18.1
67.8
PEG 5.2
EQR's PEG is ranked lower than
68% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.00 vs. EQR: 5.2 )
EQR' s 10-Year PEG Range
Min: 0.89   Max: 299.73
Current: 5.2
0.89
299.73
Shiller P/E 22
EQR's Shiller P/E is ranked higher than
68% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 10.60 vs. EQR: 22 )
EQR' s 10-Year Shiller P/E Range
Min: 6.82   Max: 28.91
Current: 22
6.82
28.91

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.00
EQR's Dividend Yield is ranked lower than
66% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.40 vs. EQR: 3.00 )
EQR' s 10-Year Dividend Yield Range
Min: 2.31   Max: 11.37
Current: 3
2.31
11.37
Dividend Payout 7.3499
EQR's Dividend Payout is ranked higher than
91% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.24 vs. EQR: 7.3499 )
EQR' s 10-Year Dividend Payout Range
Min: 0.53   Max: 1.47
Current: 7.35
0.53
1.47
Dividend growth (3y) 2.1
EQR's Dividend growth (3y) is ranked higher than
79% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: -8.45 vs. EQR: 2.1 )
EQR' s 10-Year Dividend growth (3y) Range
Min: -5.8   Max: 4.2
Current: 2.1
-5.8
4.2
Yield on cost (5-Year) 2.71
EQR's Yield on cost (5-Year) is ranked lower than
62% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.00 vs. EQR: 2.71 )
EQR' s 10-Year Yield on cost (5-Year) Range
Min: 2.09   Max: 10.28
Current: 2.71
2.09
10.28
Share Buyback Rate -2.5
EQR's Share Buyback Rate is ranked higher than
82% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: -7.50 vs. EQR: -2.5 )
EQR' s 10-Year Share Buyback Rate Range
Min: 2.1   Max: -5.1
Current: -2.5

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 2.9
EQR's Price/Tangible Book is ranked higher than
90% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. EQR: 2.9 )
EQR' s 10-Year Price/Tangible Book Range
Min: 1.4   Max: 3.1
Current: 2.9
1.4
3.1
Price/DCF (Projected) 6.6
EQR's Price/DCF (Projected) is ranked lower than
82% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.20 vs. EQR: 6.6 )
EQR' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 4.9
Current: 6.6
0.7
4.9
Price/Median PS Value 1.6
EQR's Price/Median PS Value is ranked higher than
86% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.10 vs. EQR: 1.6 )
EQR' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.6
Current: 1.6
0.7
1.6
Price/Graham Number 2.6
EQR's Price/Graham Number is ranked higher than
81% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. EQR: 2.6 )
EQR' s 10-Year Price/Graham Number Range
Min: 1   Max: 5.5
Current: 2.6
1
5.5
Earnings Yield (Greenblatt) 2.40
EQR's Earnings Yield (Greenblatt) is ranked higher than
65% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.60 vs. EQR: 2.40 )
EQR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.5   Max: 5.5
Current: 2.4
1.5
5.5
Forward Rate of Return (Yacktman) -1.36
EQR's Forward Rate of Return (Yacktman) is ranked higher than
67% of the 249 Companies
in the Global REIT - Residential industry.

( Industry Median: -7.64 vs. EQR: -1.36 )
EQR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -18.2   Max: 25.6
Current: -1.36
-18.2
25.6

Business Description

Equity Residential is a Maryland real estate investment trust formed in March 1993 is an S&P 500 company focused on the acquisition, development and management of quality apartment properties in top United States growth markets.The Company provides real estate operations, leasing, legal, financial, accounting, acquisition, disposition, development and other support functions. All of the Company's properties are located in developed areas that include other multifamily properties. As of December 31, 2011, the Company, directly or indirectly through investments in title holding entities, owned all or a portion of 427 properties located in 15 states and the District of Columbia consisting of 121,974 apartment units. The Company might be competing with other entities that have greater resources than the Company and whose managers have more experience than the Company's managers. Federal, state and local laws and regulations relating to the protection of the environment might require a current or previous owner or operator of real estate to investigate and clean up hazardous or toxic substances or petroleum product releases at such property.
Company Website
SEC Reports
Industry: REIT - Residential
Compare:PPS, AVB, AGNC, AIV, UDR
Traded in other countries:EQR.Germany
ยป More Articles for EQR

Headlines

Articles On GuruFocus.com
Guru Stocks at 52-Week Low: EC, ABX, PKX, MT, EQR Apr 01 2013 
My 3 Favorite Stocks from the High-Yield Category of the S&P 500 Mar 15 2013 
Avalon Bay - This Stock Will Fall This Year Mar 07 2012 
Equity Residential (EQR) Executive Vice President & CFO Mark J. Parrell sells 19,255 Shares Mar 02 2011 
Equity Residential (EQR) Vice Chairman Gerald A Spector sells 100,000 Shares Mar 02 2011 
Equity Residential (EQR) President & CEO David J Neithercut sells 1,995 Shares Feb 25 2011 
Equity Residential Reports Operating Results (10-K) Feb 24 2011 
Equity Residential (EQR) President & CEO David J Neithercut sells 18,995 Shares Feb 10 2011 
Equity Residential (EQR) Executive Vice President & CFO Mark J. Parrell sells 1,009 Shares Feb 09 2011 
Weekly CEO Sells Highlight: HOT, RTN, CYPB, SNIC, and EQR Jan 01 2011 

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