Equity Residential Common Shares of Beneficial Interest (EQR) Company Bio
Equity Residential is focused on the acquisition, development and management of apartment properties in the United States growth markets. The company was founded in 1966 and is founded in Chicago, Illinois.
EQR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Equity Residential with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Equity Residential ranked in the 36th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 38.67%. The most interesting components of our discounted cash flow analysis for Equity Residential ended up being:
Equity Residential's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 18.67% of tickers in our DCF set.
Equity Residential's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Relative to other stocks in its sector (Real Estate), Equity Residential has a reliance on debt greater than just 21% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as EQR, try MAC, SHO, XHR, AMT, and HGSH.
Equity Residential (EQR) gains 1.3% in premarket trading after the REIT says initial leads, traffic, and applications are now inline with the same period last year.QTD new lease change decline of 4.8% vs. -0.7% in Q1 2020.Renewal rate achieved for Q2-to-date is 1.5% vs. 4.2% in the prior quarter.QTD blended rate is...
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today provided various quarter-to-date (QTD) statistics related to its Residential same store operations for the second quarter 2020. Preliminary Second Quarter 2020 to Date Residential Same Store Operating Statistics These preliminary statistics along with the comparative numbers for the first quarter of 2020 are set forth below: Q2 2020 QTD Q1 2020 New Lease Change (4.8%) (0.7%) Renewal Rate Achieved 1.5% 4.2% Blended Rate (0.7%)
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that, due to the public health concerns surrounding the COVID-19 pandemic, it will hold its 2020 annual meeting of shareholders (the “Annual Meeting”) in a virtual meeting format only, via live audio webcast, and shareholders will not be able to attend in person. The previously announced date and time of the Annual Meeting, Thursday, June 25, 2020 at 8:00 a.m. Central Time, is unchanged. As described in the proxy materials