Professional
Added to YB: 2024-08-21
Pitch date: 2024-06-30
EQR [bullish]
Equity Residential
-5.82%
current return
Author Info
No bio for this author
Company Info
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages 312 rental properties consisting of 85,190 apartment units in dynamic metro areas across the U.
Market Cap
$22.5B
Pitch Price
$63.77
Price Target
N/A
Dividend
4.72%
EV/EBITDA
16.52
P/E
20.29
EV/Sales
10.11
Sector
Residential REITs
Category
value
Baron Real Estate Income Fund Portfolio Holding: Equity Residential
EQR: Top multi-family REIT, 80k units in coastal markets. Strong growth prospects: favorable demographics, housing undersupply, high-earning tenants. Low leverage, potential for accretive growth. Discounted vs private market values/replacement cost. Blackstone's AIRC deal at 25% premium supports thesis. Still attractive despite Q2 gains.
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