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Equity Residential EQR

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Equity Residential Reports Improving Apartment Fundamentals in Q3 With Strong Re-Leasing Spreads

Kevin Brown, CFA Equity Analyst

Analyst Note

| Kevin Brown, CFA |

No-moat Equity Residential did slightly better than we had anticipated in the third quarter, though we don't see anything that would materially change our $76 per share fair value estimate for the company.

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Company Profile

Business Description

Equity Residential owns a portfolio of 303 apartment communities with around 78,000 units and is developing three additional properties with 825 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.

Contact
Two North Riverside Plaza, Suite 400
Chicago, IL, 60606
T +1 312 474-1300
Sector Real Estate
Industry REIT - Residential
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Hard Assets
Employees 2,600

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