Equity Residential
Equity Residential is a leading S&P 500 real estate investment trust (REIT) focused on the acquisition, development, and management of high-quality apartment properties. The company targets affluent, long-term renters in dynamic U.S. cities characterized by high single-family home ownership costs and strong job growth in knowledge-based sectors. Its core value proposition centers on providing an exceptional resident experience through an industry-leading operating platform and technology-driven management.
Financials
Based on Q1 2026 filing
Business Segments
Multifamily Property Operations
primaryThe primary business activity involving the acquisition, development, and management of high-quality rental apartment communities. This segment focuses on balancing occupancy and rental rates to maximize cash flow and long-term capital appreciation.
Luxury Apartment Rentals, Urban Residential Communities, Suburban Residential Communities, Redevelopment/Densification Projects
Affluent long-term renters, Knowledge workers (STEM, finance, legal), Generation Z, Millennials, Downsizing Baby Boomers
Segment Financials
Other Rental Income — Operating Lease Lease Income
View metricResidential And Non Residential Rent — Operating Lease Lease Income Loss
View metricSame Store — Operating Lease Lease Income
View metricBusiness Overview
Competitive Position
One of the largest U.S. publicly-traded owners and operators of high-quality rental apartment properties with a focus on knowledge-center markets.
Geographies
United States, Boston, New York, Washington D.C., Southern California, San Francisco, Seattle, Denver, Atlanta, Dallas/Ft. Worth, Austin
Customer Segments
High-income individuals, Young professionals, Urban and suburban residents
Upstream Dependencies
Third-party developers, Construction material suppliers, Technology and prop-tech providers, Municipalities and regulatory bodies
Downstream Customers
Individual residential tenants, Joint venture partners
Competitors & Partners
Competitors
Partners
Employees1st
Partner for providing financial relief via a crisis fund for employees
Subsidiaries
ERP Operating Limited Partnership
The entity through which all property ownership and business operations are conducted
Equity Residential FAQ
Common questions about Equity Residential
Equity Residential is a leading S&P 500 real estate investment trust (REIT) focused on the acquisition, development, and management of high-quality apartment properties. The company targets affluent, long-term renters in dynamic U.S. cities characterized by high single-family home ownership costs and strong job growth in knowledge-based sectors. Its core value proposition centers on providing an exceptional resident experience through an industry-leading operating platform and technology-driven management.
Equity Residential (EQR) has a market capitalization of $24.5B and trades on NYSE.
Equity Residential generated $3.1B in trailing twelve-month revenue with net income of $953.6M, representing a net margin of 30.6%. These figures are based on the Q1 2026 filing.
Equity Residential's key competitors include AvalonBay Communities, Inc., Essex Property Trust, Inc., UDR, Inc., and others. These companies compete in similar markets and product categories.
Equity Residential has approximately 2,400 employees.