EQR

Equity Residential

Real EstateREIT - ResidentialNASDAQ

$65.45

-$0.31 (-0.47%)today

Conviction

6/ 10

Fair Value$69.93

Upside+6.84%

Signal4.1

Market Cap$23.8B

52W Range$57.57–$72.40

Next EarningsApr 28

Conviction History

Conviction Changes

No conviction changes recorded

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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid

Fair Value$46.85

Current Price$58.75

Upside / Down-20.3%

P(Undervalued)15.4%

P(20%+ Up)3.5%

P(15%+ Down)61.0%

Fair Value Distribution — percentile bands

15.4% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

7.8%/yr

±4.1% · revenue growth to justify current price

FCF-Based Reverse DCF

6.7%/yr

±3.1% · FCF growth to justify current price

THE GAP

Market pricing margin expansion or capex normalization

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Bull Case

Equity Residential coastal apartment REIT; gateway market recovery; tech/finance employment demand.

Bear Case

Coastal supply additions; remote work reducing gateway market demand; interest rate sensitivity.

Updated Apr 7

Research Feed

sec_10kMar 3

Conviction: unchanged

EQR FY2025 10-K: Premium Coastal REIT with Diverse Portfolio and Macro Tailwinds

EQR: Diversified, operator-led multifamily REIT with premium coastal market exposure, strong occupancy, active development pipeline, and macro tailwinds from housing supply/demand imbalance. Key risks...