With a market cap of $23.9 billion, Equity Residential (EQR) is a leading real estate company that owns and manages 312 rental properties comprising over 85,000 apartment units across major U.S. metro areas. It focuses primarily on dynamic coastal markets while maintaining a strong presence in high-growth cities such as Atlanta, Austin, Dallas, and Denver.
Shares of the Chicago, United States-based company have underperformed the broader market over the past 52 weeks. EQR stock has declined 9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 23.9%. Moreover, shares of the company are up 3.3% on a YTD basis, compared to SPX’s 7.9% gain.
