DailyIQ
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Sector:Real EstateAll sectors
Last updated 32 minutes ago

EQR·Equity Residential

$.
+. (+.%)
High
$70.11
Open
$69.06
Market Cap
25.74B
52W High
$71.50
Low
$68.80
P. Close
$68.69
P/E
26.99
52W Low
$57.57
Fwd P/E
43.75
DailyIQ Est.
$72.29
Technical Score (1D)
91
BUY
News Sentiment
65
BULLISH
Equity Residential’s most recent move is the declaration of a second‑quarter dividend, which signals the company’s intent to preserve income appeal while it waits for its July 22 earnings release. The dividend also nudges the stock toward its fair‑value estimate of $71.56, but the company has simultaneously suspended its usual earnings conference call to focus on a merger of equals with AvalonBay Communities. That merger will require integrated financial statements, potentially altering the reporting cadence, governance structure, and capital allocation strategy, and it will delay the first consolidated earnings release until the deal closes. The combination of a dividend declaration and a postponed earnings call creates short‑term uncertainty about the timing and content of the next earnings announcement. Investors should watch the July 22 earnings release to see whether the guidance aligns with the projected single‑digit growth and whether rent growth or expense management supports the fair‑value estimate. In parallel, monitoring integration milestones, the combined entity’s debt profile, and any changes to the dividend payout ratio will be crucial as the merger progresses. The shift to a new ticker and integrated reporting may also affect liquidity and analyst coverage, so keep an eye on any updates to the reporting timeline. Overall, the dividend and merger dynamics set the stage for a potentially higher valuation if earnings exceed expectations, but the delayed call and integration risks warrant close attention over the next 1–10 trading days.
Earnings Summary
Equity Residential (EQR) is a real estate investment trust that focuses on apartment living in major U.S. urban centers, owning and managing 318 properties with over 86,000 units across coastal and high‑growth markets such as Atlanta, Austin, Dallas/Ft. Worth, and Denver, positioning it as a diversified player in the residential REIT sector. In the most recent two quarters, the company posted EPS of $1.03 in Q4 2025 and $0.99 in Q1 2026, both beating analyst estimates of $0.4233 and $0.3207 respectively, while revenue hovered around $782 million in Q4 2025 and $779 million in Q1 2026, a slight decline from the $782 million seen in Q3 2025 but an increase from the $768 million in Q2 2025, indicating a modest slowdown in top‑line growth but sustained earnings strength; the firm has missed estimates in the first two quarters of the period but has delivered beats in the latter two, reflecting a recent turnaround. Historically, EQR has shown a mixed earnings trajectory, with misses in Q4 2024 and Q1 2025 but consistent beats in Q2 2025, Q4 2025, and Q1 2026, while revenue growth has been steady but uneven, rising from $760 million in Q1 2025 to $782 million in Q3 2025 before plateauing; this pattern suggests that while the company can generate earnings above expectations, revenue momentum has been uneven. Recent news highlights the declaration of a second‑quarter dividend and the suspension of the earnings call to focus on a merger of equals with AvalonBay Communities, which will delay the first consolidated earnings release until the deal closes and may alter reporting cadence and capital allocation; investors should watch the July 22 earnings release for guidance alignment with projected single‑digit growth and for insights into rent growth or expense management that could support the fair‑value estimate. Forward‑looking watch points include monitoring the July 22 earnings announcement for rent‑growth data, expense control, and any changes to the dividend payout ratio, as well as integration milestones and the combined entity’s debt profile, all of which will be key to assessing whether the merger can sustain the firm’s valuation and earnings trajectory.

EPS

EstBeatMiss
$0.15$0.40$0.65$0.90$1.15Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$0.51 - -
Q1'26$0.32$0.99+208.7%
Q4'25$0.42$1.03+143.3%
Q3'25$0.42$0.37-11.5%
Q2'25$0.30$0.34+12.6%
Q1'25$0.27$0.26-4.9%

Revenue

EstBeatMiss
$755M$767M$780M$792M$804MQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$799M - -
Q1'26$797M$780M-2.1%
Q4'25$796M$782M-1.8%
Q3'25 - $782M -
Q2'25 - $769M -
Q1'25 - $761M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

EQR Stock Snapshot

EQR is currently trading at $69.98, giving Equity Residential a market cap of 25.74B and a P/E ratio of 27.0. Today's range spans $68.80–$70.11, with shares opening at $69.06 and moving up $1.29 (1.9%) from the prior close. DailyIQ's technical score sits at 91/100 (BUY) with a news sentiment reading of 65/100.

Over the past year EQR has traded between $57.57 and $71.50 - the current price is +21.6% off the 52-week low and -2.1% from the high. 28 analysts cover the stock with a Hold consensus and a mean 12-month target of $71.83 (range $63.00–$80.00), implying upside of +2.6%.

EQR is scoring 91/100 technically (BUY) and sits at $69.98 - near 52-week highs in its $57.57–$71.50 annual range. Sentiment at 65/100 is bullish. At 25.74B in Real Estate market cap The current P/E ratio stands at 27.0., this is the tier where earnings revision cycles have the most impact on price: upward revisions in a large-cap company with bullish momentum tend to attract analyst upgrades, which in turn attract new institutional mandates.

Earnings revision cycles in large-cap Real Estate names tend to compound: when technicals confirm a BUY thesis (91/100) and news sentiment (65/100, bullish) supports the narrative, analyst upgrades follow price rather than lead it. At $69.98 (near 52-week highs), EQR's position within the $57.57–$71.50 annual range suggests there's room for multiple expansion before the stock encounters meaningful technical resistance.