Chicago, Illinois-based Equity Residential (EQR) engages in the acquisition, development, and management of rental apartment properties. With a market cap of $27.9 billion, the company is one of the leading, fully integrated, publicly traded multi-family REITs in the United States.
The real estate major has outpaced the broader over the past year but slightly underperformed in 2024. EQR gained 20.3% in 2024 and 31.6% over the past year, compared to the S&P 500 Index’s ($SPX) 23.1% gains on a YTD basis and 30.4% returns over the past 52-week period.
