Equity Residential Overview
Pro stress-test →Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments. The Company owns and manages 318 rental properties consisting of 86,320 apartment units in dynamic metro areas across the U.S. with a primary concentration in major coastal markets.
Strategic Profile
Pro stress-test →The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston. Equity Residential reported trailing twelve-month revenue of over $3.08 billion through September 2025 and raised its full-year Normalized Funds From Operations guidance to a range of $3.98 to $4.02 per share.
Competitive Landscape
Pro stress-test →EQR competes with other major apartment REITs including AvalonBay Communities, Essex Property Trust, and Mid-America Apartment Communities. These competitors similarly focus on premium multifamily properties in major metropolitan areas, though EQR maintains stronger geographic concentration in coastal markets. The competitive advantage lies in operational excellence and property quality rather than scale differentiation.
Industry Context
Equity Residential operates in Real Estate Investment Trust (REIT) - Multifamily Residential.
Key facts
Founded: 1993 · Headquarters: Chicago, US · Revenue: $3.08B · Market cap: $22.61B