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Equity Residential (EQR)
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Equity Residential (EQR) Stock Price: $66.22+0.52 (+0.79%)

At close: Jun 24, 2026, 4:00 PM ET

The closing share price for Equity Residential (EQR) stock was $66.22 for Wednesday, June 24, 2026, up 0.79% on the day.

Longer view (total return, dividends reinvested): past 12 months +1.4% · 3-year avg +6.0%/yr · 5-year avg +0.5%/yr

EQR Price Chart

End-of-day pricesAdvanced chart →
EQR$66.22 -1.95%(1Y)as of Jun 24, 2026

EQR Funds From Operations (FFO)

Equity Residential is a REIT, so it's valued on FFO/AFFO and price-to-FFO, not GAAP P/E — heavy non-cash property depreciation distorts reported earnings. FFO ≈ net income + real-estate depreciation; AFFO also nets recurring capital expenditure.

Price / FFO
13.4x
Price / AFFO
16.6x
FFO (TTM)
$1.87B
AFFO (TTM)
$1.51B
FFO / Share
$4.93
AFFO / Share
$3.98

EQR Earnings Preview

Next Earnings Date

Aug 3, 2026

40 days away

EPS Estimate

0.45

Revenue Est.

$787.71M

Last Quarter Results

EPS

$0.23

vs Estimate

$0.29

Missed

Revenue

$779.85M

vs Estimate

$781.79M

Met

EQR Analyst Ratings

Consensus Rating

Hold

Based on 18 analysts

Strong Buy
2
Buy
6
Hold
13
Sell
0
Strong Sell
0

Average Price Target

$71.56

+8.1% upside

Low

$63.00

Current

$66.22

High

$80.00

EQR Analyst Estimates

Forward P/E: 42.61

Earnings Per Share (EPS) Estimates

Quarterly

PeriodAvg# Analysts
Q1 2027$0.341
Q2 2027$0.381
Q3 2027$0.391
Q4 2027$0.401

Annual

PeriodAvg# Analysts
FY 2027$1.558
FY 2028$1.794

Revenue Estimates

Quarterly

PeriodAvg# Analysts
Q1 2027$804.80M5
Q2 2027$812.93M5
Q3 2027$823.80M5
Q4 2027$827.24M5

Annual

PeriodAvg# Analysts
FY 2027$3.26B11
FY 2028$3.39B6

Source: FMP Analyst Consensus Estimates. Forward P/E uses the next-fiscal-year consensus EPS estimate (the same value shown in the Key Metrics strip).

EQR Competitors' Key Metrics

StockMarket CapTTM Total ReturnCompare
1EQR$24.81B+1.42%
2AVB$25.85B-8.85%vs EQR
3VICI$28.66B-13.64%vs EQR
4SBAC$19.73B-19.55%vs EQR
5EXR$31.22B+3.84%vs EQR
6ESS$18.10B+2.41%vs EQR

About Equity Residential

Equity Residential is committed to cultivating vibrant living environments where residents can flourish. This S&P 500 firm specializes in the acquisition, development, and ongoing management of rental properties, strategically located within or near thriving metropolitan areas that attract desirable, long-term tenants. The company's substantial portfolio includes ownership or investment in 305 properties, comprising a total of 78,568 apartment units, situated in key markets such as Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California, and Denver.

Chicago, IL
2,500 employees
Real Estate / REIT - Residential
Sector
Real Estate
Industry
REIT - Residential
CEO
Mark J. Parrell