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EQUITY RESIDENTIAL EQR

NYSE · reit · Real Estate Investment Trusts · website · IPO 1993-08-12 · LEI

EQUITY RESIDENTIAL statistics & valuation

Market cap$25.6B
P / E22.9×
P / B2.3×
Dividend yield4.09%
Return on equity10.0%
Net debt$8.2B
Enterprise value USD$33.8B
Graham number$43.63

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($43.63); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
35.30% 40.60% 43.20% 50.20% 2016201720182019202020212022202320242025
Return on equity (%)
41.00% 5.80% 6.30% 9.20% 8.50% 11.90% 6.80% 7.40% 9.20% 10.00% 2016201720182019202020212022202320242025
Shares outstanding
382.0M 382.7M 383.7M 386.3M 385.9M 388.1M 389.4M 390.9M 390.7M 390.4M 2016201720182019202020212022202320242025
Net debt ($)
$9.02B $8.87B $9.09B $8.08B $8.30B $7.44B $7.41B $8.13B $8.19B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
20.70% 2.90% 3.20% 4.60% 4.50% 6.30% 3.80% 4.20% 5.00% 5.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.87× 0.86× 0.87× 0.76× 0.75× 0.66× 0.66× 0.73× 0.73× 2016201720182019202020212022202320242025
EPS ($)
$11.68 $1.63 $1.77 $2.60 $2.45 $3.54 $2.05 $2.20 $2.72 $2.94 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin——————50.2%43.2%40.6%35.3%
Net margin——————35.9%25.5%24.4%176.9%
Return on assets5.4%5.0%4.2%3.8%6.3%4.5%4.6%3.2%2.9%20.7%
Return on equity10.0%9.2%7.4%6.8%11.9%8.5%9.2%6.3%5.8%41.0%
Debt / equity0.73×0.73×0.66×0.66×0.75×0.76×0.87×0.86×0.87×—

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.