With a market cap of $24.9 billion, Equity Residential (EQR) is a publicly traded real estate investment trust (REIT) that owns, develops, and manages high-quality apartment communities across major U.S. metropolitan markets. Headquartered in Chicago, the company focuses primarily on urban and high-density suburban locations with strong employment growth, high household incomes, and limited housing supply.
The real estate major has significantly underperformed the broader market over the past year. EQR stock prices have plunged 9.5% over the past 52 weeks, compared to the S&P 500 Index’s ($SPX) 14.4% gains. However, in 2026, the stock is up 2.6%, surpassing SPX’s 1.4% rise.
