Equity Residential (EQR)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach EQR as a landlord of 312 apartment properties and 85,520 units concentrated in coastal and select high-growth metros. The business quality is decent: in fiscal Q2 2026, revenue was $785.0 million and net income $114.1 million, a 14.54% margin. FairStock’s Piotroski score is 7/9, trailing free cash flow was $1.2 billion, and the FCF yield is 5.1%. The 4.26% dividend yield is meaningful. But this is a REIT, so depreciation distorts EPS and P/E; I would not use a Graham Number or margin-of-safety calculation here. FFO/AFFO, the right REIT measures, are not in the data. I would lean on the 4.26% yield, debt-to-equity of 0.79, revenue trend, and FairStock’s P/B of 2.27. Leverage is moderate but not trivial, and the Altman Z-score of 1.56 is not comforting. At the 2026-08-21 close of $63.66, FairStock’s P/E is 28.68, EV/EBITDA 14.22, ROE 8.02%, ROCE 2.67%, and FairStock Score 49/100. The price looks fair to full rather than bargain-basement. Growth is the weak spot: the supplied profit trend is negative, so I want evidence that operating cash flow can support the dividend. A low beta of 0.75 and a quality apartment portfolio are positives, but EQR is not a compelling deep-value REIT at these numbers.

In plain English: Equity Residential owns and manages apartment communities in major U.S. cities. The business looks financially solid but not exceptional: it pays a sizable dividend and generates cash, while profit has weakened and debt is meaningful. At the recent price, the shares look fair to slightly expensive compared with the company’s reported numbers, and apartment landlords are better judged on cash flow measures that are not in this data.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-08-21 close · note generated 2026-11-01 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer