With a market cap of $26.6 billion, Equity Residential (EQR) is a real estate investment trust (REIT). Headquartered in Chicago, Illinois, the company focuses on the acquisition, development, and management of residential properties located in and around cities.
Companies valued at $10 billion or more are generally described as “large-cap” stocks and Equity Residential fits this criterion perfectly. The REIT owns or has investments in 312 properties consisting of 84,018 apartment units. Its business also includes the generation of rental and other related income through the leasing of apartment units to residents.
