Valued at a market cap of $23.2 billion, Equity Residential (EQR) is a real estate investment trust (REIT) that owns, operates, and develops high-quality apartment communities in densely populated, high-income urban and suburban markets. The Chicago, Illinois-based company focuses on well-located properties near employment centers, transit, and lifestyle amenities, attracting long-term, professionally employed renters.
Companies worth $10 billion or more are typically classified as “large-cap stocks,” and EQR fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the REIT - residential industry. With a proven operating platform, disciplined capital allocation, and recurring rental income, the company remains one of the largest and most established multifamily REITs in the United States.
