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Last $77.56 USD
Change Today -0.30 / -0.39%
Volume 1.8M
EQR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

equity residential (EQR) Snapshot

Open
$77.94
Previous Close
$77.86
Day High
$78.19
Day Low
$77.25
52 Week High
03/23/15 - $82.53
52 Week Low
04/17/14 - $57.19
Market Cap
28.2B
Average Volume 10 Days
2.5M
EPS TTM
$1.72
Shares Outstanding
363.8M
EX-Date
03/19/15
P/E TM
45.1x
Dividend
$2.21
Dividend Yield
2.65%
Current Stock Chart for EQUITY RESIDENTIAL (EQR)

equity residential (EQR) Related Businessweek News

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equity residential (EQR) Details

Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia consisting of 152,821 units. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Equity Residential was founded in 1966 and is headquartered in Chicago, Illinois.

3,500 Employees
Last Reported Date: 02/26/15
Founded in 1966

equity residential (EQR) Top Compensated Officers

Chief Executive Officer, President, Trustee a...
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $600.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

equity residential (EQR) Key Developments

Equity Residential Announces Common and Preferred Stock Dividend for the First Quarter of 2015, Payable on April 10, 2015 and March 31, 2015, Respectively

Equity Residential announced that its board of trustees declared dividends on the company's common and preferred shares. A common share dividend for the first quarter of $0.5525 per share will be paid on April 10, 2015 to shareholders of record on March 23, 2015. The company announced quarterly dividend of $1.03625 per share will be paid on March 31, 2015 to shareholders of record on March 20, 2015 of the company's series K preferred shares.

Equity Residential Seeks To Sell

Equity Residential (NYSE:EQR) is seeking to sell. David Neithercut, Equity Residential's President & Chief Executive Officer, said "We continue to have assets that we'd like to sell, but we're in no rush to do so. So if we can source good acquisition opportunities relative to the assets we'd like to sell, we'll go ahead and make that trade. At the present time there is product available for sale in our core markets that we would be pleased to own, but the wall of capital anxious to acquire those assets remains significant, pushing cap rates down and pricing up the levels that will likely leave us on the sidelines. But like last year, I'm sure we'll find some investment opportunities either sourced directly or with risks that we can uniquely underwrite and manage that will enable us to sell some assets and redeploy that capital to our core markets that will provide us better long-term, risk-adjusted returns."

Equity Residential Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Equity Residential reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $664,660,000 compared to $639,134,000 a year ago. Operating income was $250,532,000 compared to $223,677,000 a year ago. Income from continuing operations was $226,959,000 compared to $69,141,000 a year ago. Net income was $227,041,000 compared to $115,870,000 a year ago. Net income available to common shares was $216,703,000 or $0.59 per diluted share compared to $109,940,000 or $0.30 per diluted share a year ago. FFO available to common shares and units was $328,691,000 or $0.87 per diluted share compared to $251,426,000 or $0.67 per diluted share a year ago. Normalized FFO available to common shares and units was $325,707,000 or $0.86 per diluted share compared to $288,928,000 or $0.77 per diluted share a year ago. Normalized EBITDA was $443,782,000 compared to $405,508,000 a year ago. Same store NOI was $428,953,000 compared to $403,552,000 a year ago. For the year, the company reported revenues of $2,614,748,000 compared to $2,387,702,000 a year ago. Operating income $921,375,000 compared to $512,322,000 a year ago. Income from continuing operations was $657,101,000 compared to loss from continuing operations of $168,174,000 a year ago. Net income was $658,683,000 compared to $1,905,353,000 a year ago. Net income available to common shares was $627,163,000 or $1.73 per diluted share compared to $1,826,468,000 or $5.16 per diluted share a year ago. FFO available to common shares and units was $1,190,915,000 or $3.15 per diluted share compared to $872,421,000 or $2.35 per diluted share a year ago. Normalized FFO available to common shares and units was $1,196,446,000 or $3.17 per diluted share compared to $1,057,073,000 or $2.85 per diluted share a year ago. Normalized EBITDA was $1,681,000 compared to $1,642,925,000 a year ago. Net debt as on December 31, 2014 was $10,763,214,000 compared to $10,886,703,000 a year ago. Same store NOI was $1,645,236,000 compared to $1,558,485,000 a year ago. For the first quarter of 2015, the company expects diluted earnings per share to be $0.70 to $0.74. Diluted FFO to be $0.82 to $0.84 per share. Diluted expected normalized FFO to be $0.77 to $0.81 per share. For the year 2015, the company expects diluted earnings per share to be $1.86 to $1.96. Diluted FFO to be $3.34 to $3.44 per share. Diluted expected normalized FFO to be $3.35 to $3.45 per share.

 

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EQR Competitors

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Industry Analysis

EQR

Industry Average

Valuation EQR Industry Range
Price/Earnings 47.0x
Price/Sales 10.8x
Price/Book 2.7x
Price/Cash Flow 20.4x
TEV/Sales 6.3x
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