Chicago, Illinois-based Equity Residential (EQR) is a real estate investment trust (REIT). With a market cap of $26.3 billion, the company focuses on the acquisition, development, and management of residential properties located in and around cities.
Companies worth $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 84,648 apartment units. Its business also includes generating rental and other related income through the leasing of apartment units to residents.
