Company Analysis

Equity Residential (EQR)

NYSE: EQR · Real Estate Investment Trusts · Chicago, IL · filing with the SEC since 1994
Grade5.8
◀ Past 6.5● Present 6.5▶ Future 4.0
1 est.

The grade of Equity Residential

Nine metrics read from its own filings, by tense
Headline grade
5.8/10
◀ Past6.525% of the headline
● Present6.545% of the headline
▶ Future4.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.5/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 70th percentile among 174 sector filers · read for itself

From the record

Equity Residential's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.7/10

What has it actually done, year after year?

+5.5% a year over 10 filed years; profitable in 4 of 4.

weight 33% of this tense · 57th percentile among 156 sector filers · read for its customers

From the record

Equity Residential's 10 filed years say what it did: revenue went from $1.7 billion in fiscal 2010 to $2.7 billion in fiscal 2019, up 5.5% a year; it rose in 7 of 9 years; the deepest fall was 12% from fiscal 2015 to fiscal 2016; net income was positive in 4 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.5%bottom 43% of its family
  • the share of years revenue rosetop 49% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak11.6%top 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.8/10

How has it treated the people who own it?

Share count grew 0.1% a year. 72% of cash flow returned. Insiders: 14 sales, 0 purchases.

weight 22% of this tense · 69th percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Equity Residential's diluted share count grew about 0.1% a year, and dividends and buybacks returned about 72% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 14 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 21% of its family
  • cash returned against operating cash flowtop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.5/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
7.7/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 47%: owes 47¢ per asset dollar.

weight 45% of this tense · 77th percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Equity Residential earned about 10 cents of profit for every dollar of shareholders' money. Leverage: it owed about 47 cents per dollar of assets, and net share issuance: its share count shrank 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 26% of its family
  • return on equitytop 22% of its family
  • the share count against the year beforetop 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.9/10

How strong is its position in its industry?

top 31% of 157 in its family; net margin 35.9%.

weight 33% of this tense · 69th percentile among 157 sector filers · read for its customers

From the record

Equity Residential's standing among 157 graded names in its industry family: revenue of $2.7 billion in fiscal 2019 ranks in the top 14% by size; a net margin of 35.9% ranks in the top 20%; revenue growth of 3.7% a year over the last 3 filed years ranks in the bottom 41% (its annual reports).

What it rests on

  • revenue against the family$2.70Btop 14% of its family
  • net margin35.9%top 20% of its family
  • three-year revenue growth3.7%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.6/10

What are the people in charge doing?

bottom 36% of 160 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 36th percentile among 160 sector filers · read for its shareholders

From the record

Equity Residential's leadership, from its insiders' filings and its current reports: the chief executive on the record is Schall, Benjamin (President & CEO, as filed), filing under that title since the record of its people begins (2026-08-17), so the years before are not on the record and this part is not read; the 30 officers and directors filing in the last fifteen months have been on the record a median of 1.3 years (bottom 1%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 30 people in charge now (top 29%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge7 in three years among 30 peopletop 29% of its family
  • the median years the people in charge have filed1.3 yearsbottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
3.8/10

How much room does it have to grow?

SI estimate 3.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 38th percentile among 172 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the bottom 38% of 172 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 172 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Equity Residential's room to expand is put at 3.8 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 38% of 172 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
5.2/10

What could actually drive growth from here?

top 48% of 153 in its family for growth drivers.

weight 33% of this tense · 52nd percentile among 153 sector filers · read for its customers

From the record

Equity Residential's growth drivers, from the filed years to fiscal 2019: revenue grew 3.7% a year over the last three filed years against 5.5% over all 10, slowing (bottom 46% of its family); the newest year grew 4.8% (top 42%); capital spending grew 4.1% a year (top 48%) (its annual reports). Equity Residential tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-1.8 points a yearbottom 46% of its family
  • the newest year's revenue growth4.8%top 42% of its family
  • three-year growth of capital spending4.1%top 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.2/10

Did its newest year beat what its own record pointed to?

bottom 32% of 150 in its family for expectations against reality.

weight 45% of this tense · 32nd percentile among 150 sector filers · read for its shareholders

From the record

Equity Residential's newest year against its own record: revenue of $2.7 billion in fiscal 2019 came in 1.6% above the $2.7 billion its prior three years' pace pointed to (top 33% of its family); net income of $970 million against a prior three-year average of $1.9 billion (bottom 23%); a net margin of 35.9% against 75.6% before (bottom 6%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace1.6%top 33% of its family
  • net income against the prior three years' average-48%bottom 23% of its family
  • net margin against its prior average-39.7 pointsbottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EQR · research, not advice