EQR - NYSE

Equity Residential

Equity Residential

EQRยทNYSE

$67.90

+2.6%
Real EstateREIT - Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$25.44B
EPS2.9700
P/E Ratio22.86
Earnings Date08/03/2026
Equity Residential

Equity Residential Fair Value Envelope

EQR ยท NYSE

Our analysis suggests that EQR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $67.9, this represents a potential HIDDEN relative to our calculated worth for Equity Residential.

HIDDEN
Intrinsic Value
Current Price: $67.9

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$28.4B
+ Cash & Equivalents$55.9M
Firm Value$28.5B
- Debt$8.8B
Equity Value$19.7B
/ Shares Outstanding380,474,721B
DCF Value$52
OVERVALUED BY 24%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.7B
$1.7B
$1.8B
$1.8B
$1.9B
$1.9B
$2.0B
$2.1B
$2.1B
$2.2B
Maintenance CapEx
-$73.8M
-$75.8M
-$78.0M
-$80.1M
-$82.3M
-$84.6M
-$87.0M
-$89.4M
-$91.8M
-$94.4M
Owner Earnings
$1.6B
$1.7B
$1.7B
$1.8B
$1.8B
$1.9B
$1.9B
$2.0B
$2.0B
$2.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.5B
$1.4B
$1.4B
$1.3B
$1.2B
$1.2B
$1.1B
$1.1B
$1.0B
$960.1M
Terminal Value represents 57.4% of Enterprise Value

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3

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4

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5

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6

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