Company
Equity Residential
Headquarters: Chicago, IL, United States
Founded: 1969
Employees: 2,400
CEO: Mr. Mark J. Parrell
Market Cap
$26.67 Billion
USD as of Jan. 1, 2025
Equity Residential Categories
United States Real Estate REIT—ResidentialUnited States Real Estate United States REIT—Residential
Company Description
Equity Residential is a real estate investment trust specializing in apartments. It owns and operates about 80,000 apartments in 300 properties located in prime markets including, New York City, Boston, Washington, D.C., San Francisco, Los Angeles, and Seattle.
Top Competitors by Market Capitalization
Industry: REIT—Residential
Sector:
| Company | Market Cap (USD) |
|---|---|
| Prologis, Inc. | $109.79 B |
| Equinix, Inc. (REIT) | $90.79 B |
| American Tower | $87.10 B |
| Welltower Inc. | $82.34 B |
| Simon Property Group, Inc. | $65.66 B |
Detailed Description
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.
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Financials
| Last Financial Reports Date | Sept. 30, 2024 |
| Revenue TTM | $2.94 B |
| EBITDA | $1.79 B |
| Gross Profit TTM | $1.87 B |
| Profit Margin | 31.57% |
| Operating Margin | 29.83% |
| Quarterly Revenue Growth | 3.40% |
Stocks & Indices
Equity Residential has the following listings and related stock indices.
Stock: NYSE: EQR wb_incandescent
Stock: Bovespa: E1QR34 wb_incandescent
Product & Services
Property Management
Key People
Founder(s): Sam Zell
Mark J. Parrell, CEO Sam Zell, Chairman Robert A. Garechana, CFO