EQR

NYSE

EQUITY RESIDENTIAL

Real Estate, Multi-Family Residential REITs

$67.07

close 7 Aug 2026

+7.66%

52-week change

$25.14B

market cap

$57.57

$71.50

52-week range

Expected price

$56.10 – $68.56

Current price

$67.07

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)29.03x

P/S (TTM)8.04x

P/B2.39x

EV/EBITDA (TTM)12.80x

FCF yield (TTM)5.72%

PEG (TTM, GAAP)2.27

Context

P/E, own 5-year average26.70x

P/E, sector median34.68x*

Price at 5-year median P/E$61.97*

Indicated dividend yield4.19%

Forward — analyst consensus

Forward P/E (FY2026)51.47x*

Forward P/E (FY2027)43.33x

Forward PEG2.74*

Consensus EPS FY2026 (1 analysts)$1.30

EPS growth (FY2026→FY2027)18.79%

Revenue growth (FY2026)2.14%

Street view

Price target (mean)$73.05*

Target upside8.92%

Ratings (buy / hold / sell)7 / 13 / 0

FY2026 EPS revisions, 30d (up / down)0 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR -4.09%10Y CAGR -3.10%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$67.07

Cash & equivalents$36.41M

Total debt$3.09B

Shares outstanding374.89M

Result

DCF price per share$34.80

Current price$67.07

Margin of safety-48.11%

PV of years 1–10$7.93B

PV of terminal value$8.18B

Equity value$13.05B

Market-implied growth+3.15%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.38B	$1.32B	$1.27B	$1.22B	$1.17B	$1.12B	$1.07B	$1.03B	$987.51M	$947.12M	$17.65B
PV	$1.28B	$1.13B	$1.01B	$894.39M	$794.27M	$705.35M	$626.39M	$556.27M	$494.00M	$438.70M	$8.18B

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026