OverviewSuggest Edit

Equity Residential is a company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets. The Company owns or has investments in properties primarily located in Boston, New York, Washington, Seattle, San Francisco and Southern California.

TypePublic
Founded1967
HQChicago, IL, US
Websiteequityapartments.com
Employee Ratings4.2
Overall CultureD

Latest Updates

Employees (est.) (Dec 2019)2,700
Job Openings171
Revenue (FY, 2019)$2.7 B(+5%)
Share Price (Sept 2021)$81.8
Cybersecurity ratingBMore

Key People/Management at Equity Residential

Robert A. Garechana

Robert A. Garechana

Executive Vice President & Chief Financial Officer
Mark J. Parrell

Mark J. Parrell

President & Chief Executive Officer
Barry S. Altshuler

Barry S. Altshuler

Executive Vice President – Investments
Michael L. Manelis

Michael L. Manelis

Executive Vice President & Chief Operating Officer
Alexander Brackenridge

Alexander Brackenridge

Executive Vice President and Chief Investment Officer
Scott J. Fenster

Scott J. Fenster

Executive Vice President, General Counsel & Corporate Secretary
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Equity Residential Office Locations

Equity Residential has offices in Chicago, Boston, Irvine, Los Angeles and in 4 other locations
Chicago, IL, US (HQ)
2 N Riverside Plaza
Boston, MA, US
3 Center Plz
Irvine, CA, US
2355 Main Street #225
Los Angeles, CA, US
6100 Center Dr #750
New York, NY, US
230 W 41st St
San Francisco, CA, US
333 3rd St #210, San Francisco
Show all (8)

Equity Residential Financials and Metrics

Equity Residential Revenue

Equity Residential's revenue was reported to be $2.7 b in FY, 2019
USD

Net income (Q1, 2021)

60.4m

EBIT (Q1, 2021)

135.6m

Market capitalization (14-Sept-2021)

30.6b

Closing stock price (14-Sept-2021)

81.8

Cash (31-Mar-2021)

35.5m

EV

32.8b
Equity Residential's current market capitalization is $30.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012Y, 2013FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.0b2.0b2.1b2.4b2.4b2.6b2.7b2.4b2.5b2.6b2.7b

Revenue growth, %

10%5%(12%)

Cost of goods sold

81.1m82.1m81.9m84.3m79.6m81.2m82.0m85.5m

Gross profit

1.9b1.9b2.0b2.3b2.5b2.7b2.3b2.4b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

431.4m383.9m612.6m53.5m40.1m42.3m77.2m50.6m47.4m45.8m42.6m

Accounts Receivable

Inventories

PP&E

15.2b15.6b15.7b19.2b19.9b18.0b19.8b20.4b
USDQ1, 2010

Financial Leverage

3 x
Show all financial metrics

Equity Residential Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Equity Residential Online and Social Media Presence

Embed Graph

Equity Residential Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    C

    66/100

  • Compensation

    C

    63/100

  • Diversity

    D+

    59/100

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Equity Residential News and Updates

Equity Residential commits $563 million for majority share in apartment development partnership with Toll Brothers

Equity Residential , the real estate investment trust backed by billionaire Sam Zell, on Tuesday said it committed about $563 million for a 75% equity share in a new $750 million rental apartment development partnership with home builder Toll Brothers Inc. . Toll Brothers will contribute 25% of the …

Equity Residential and Toll Brothers Announce Strategic Partnership to Develop Rental Apartment Communities

CHICAGO, Ill. and FORT WASHINGTON, Pa., Aug. 24, 2021 (GLOBE NEWSWIRE) -- Equity Residential (NYSE: EQR), an S&P 500 company focused on the acquisition, development and management of residential rental properties located in and around dynamic cities, and Toll Brothers, Inc. (NYSE: TOL), the na…

Should You Invest In Equity Residential Stock?

We believe that Equity Residential stock (NYSE: EQR) has an upside potential of 60% post-pandemic when the occupancy rates and demand in residential property rent and lease markets in the urban and densely populated suburban areas improve to pre-Covid levels.

Global Luxury Real Estate Market 2020 Top Key Vendors - Dalian Wanda Group, Grainger Plc, Coldwell Banker, Equity Residential, Central General Development CO., Ltd - Analysis And Forecast To 2026

New Study Reports “Luxury Real Estate Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. Posted via Industry Today. Follow us on Twitter @IndustryToday

Equity Residential Seeks Buyers for Two NYC Buildings

Publicly traded landlord Equity Residential is marketing two Manhattan apartment buildings.

Equity Residential Blogs

Maintenance Technician Apprenticeship Program

Equity Residential offers a 14-week upskilling training program for individuals who want to learn property maintenance skills. The Maintenance Apprentice is introduced to Equity Residential techniques and concepts through on-the-job training and classroom courses.  Daisy M. recently completed the pr…

Equity Has Your Back

Equity Has Your Back.    This past year has been especially financially devastating for many families across the United States. With schools reopening after the COVID pandemic, we have a way to help our most vulnerable children start their school year with the resources they need to thrive.  As One …

Meet our Compensation Team

Equity and our compensation team are committed to providing the tools and resources to help our employees achieve total well-being. From retirement saving plans to flexible savings accounts, check out our latest blog to learn more about Equity's financial benefits.  The benefits and resources provid…

Community Gardens at Third Square and Lofts at Kendal Square

Equity Residential is pleased to have developed space for community gardens at two of our Cambridge, MA communities—Lofts at Kendall Square and Third Square. And, residents are thrilled!  Residents sign up for designated areas of the garden, tend to plants, and enjoy “fruits” of their labor.   Garde…

Love Equally, Live Equity

The continued success of our rich and inclusive culture is the responsibility of our entire workforce, and we provide opportunities for our employees to lead the way. This month is LGBTQ Pride Month, and Equity will continue to support our employees and communities with Pride Walks throughout the mo…

Bringing the Outdoors In

Now more than ever, we recognize the value of connecting our residents with nature. Equity Residential has long incorporated nature-inspired (or biophilic) design elements into our properties. Biophilia focuses on our innate attraction to nature as humans. Biophilic design elements incorporate aspec…
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Equity Residential Frequently Asked Questions

  • When was Equity Residential founded?

    Equity Residential was founded in 1967.

  • Who are Equity Residential key executives?

    Equity Residential's key executives are Robert A. Garechana, Mark J. Parrell and Barry S. Altshuler.

  • How many employees does Equity Residential have?

    Equity Residential has 2,700 employees.

  • Who are Equity Residential competitors?

    Competitors of Equity Residential include Duke Realty, Rayonier and London & Associated Properties.

  • Where is Equity Residential headquarters?

    Equity Residential headquarters is located at 2 N Riverside Plaza, Chicago.

  • Where are Equity Residential offices?

    Equity Residential has offices in Chicago, Boston, Irvine, Los Angeles and in 4 other locations.

  • How many offices does Equity Residential have?

    Equity Residential has 8 offices.