Professional
Added to YB: 2025-05-02
Pitch date: 2025-03-31
EQR [neutral]
Equity Residential
-13.06%
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 318 rental properties consisting of 86,320 apartment units in dynamic metro areas across the U.
Market Cap
$22.6B
Pitch Price
$70.11
Price Target
N/A
Dividend
4.66%
EV/EBITDA
16.76
P/E
19.59
EV/Sales
10.28
Sector
Residential REITs
Category
value
Baron Real Estate Fund Portfolio Holding: Equity Residential
EQR (holding update): Premium apartment REIT w/ 80k high-quality units in coastal markets w/ strong barriers, compelling demographics & high-cost home ownership. 6.1% implied cap rate vs private market 4-5%. $410k/unit = 20% discount to private market values & larger discount to replacement cost. Strong balance sheet.
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