Chicago-based Equity Residential (EQR) is a real estate investment trust that owns and manages 312 rental properties comprising 85,520 apartments. It focuses primarily on major U.S. coastal markets, with targeted exposure to high-growth metros such as Atlanta, Austin, Dallas/Fort Worth, and Denver. The company has a market capitalization of approximately $24.7 billion.
Shares of this real estate giant have underperformed the broader market over the past year. EQR has gained 3.9% over this period, while the broader S&P 500 Index ($SPX) has rallied 20.4%. Likewise, EQR is up 4.7% so far this year, well behind the S&P 500’s 13.7% gain year-to-date.
