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Equity Residential Valuation Multiples
Discover revenue and EBITDA valuation multiples for Equity Residential and similar public comparables like AvalonBay Communities, SBA Communications, Swire Properties, HSI Renda Imobiliária and more.
Equity Residential Overview
About Equity Residential
Equity Residential owns a portfolio of 318 apartment communities with over 86,000 units and is developing three additional properties with 935 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
Founded
1993
HQ

Employees
2.4K
Website
Sectors
Financials (LTM)
EV
$32B
Equity Residential Financials
Equity Residential reported last 12-month revenue of $3B and EBITDA of $2B.
In the same LTM period, Equity Residential generated $2B in gross profit, $2B in EBITDA, and $973M in net income.
Revenue (LTM)
Equity Residential P&L
In the most recent fiscal year, Equity Residential reported revenue of $3B and EBITDA of $3B.
Equity Residential expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 63% | XXX | 63% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 81% | XXX | XXX | XXX |
| EBIT Margin | 32% | XXX | 34% | XXX | XXX | XXX |
| Net Profit | $973M | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 31% | XXX | 36% | XXX | XXX | XXX |
| Net Debt | — | — | $8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Equity Residential Stock Performance
Equity Residential has current market cap of $24B, and enterprise value of $32B.
Market Cap Evolution
Equity Residential's stock price is $63.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $32B | $24B | 0.0% | XXX | XXX | XXX | $2.97 |
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Start Free TrialEquity Residential Valuation Multiples
Equity Residential trades at 10.4x EV/Revenue multiple, and 17.2x EV/EBITDA.
EV / Revenue (LTM)
Equity Residential Financial Valuation Multiples
As of March 30, 2026, Equity Residential has market cap of $24B and EV of $32B.
Equity research analysts estimate Equity Residential's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Equity Residential has a P/E ratio of 24.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV (current) | $32B | XXX | $32B | XXX | XXX | XXX |
| EV/Revenue | 10.4x | XXX | 10.4x | XXX | XXX | XXX |
| EV/EBITDA | 17.2x | XXX | 12.9x | XXX | XXX | XXX |
| EV/EBIT | 32.0x | XXX | 30.9x | XXX | XXX | XXX |
| EV/Gross Profit | 16.4x | XXX | 16.6x | XXX | XXX | XXX |
| P/E | 24.5x | XXX | 21.3x | XXX | XXX | XXX |
| EV/FCF | 35.7x | XXX | 25.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Equity Residential Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Equity Residential Margins & Growth Rates
Equity Residential's revenue in the last 12 month grew by 3%.
Equity Residential's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $0.4M for the same period.
Equity Residential's rule of 40 is 63% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Equity Residential's rule of X is 67% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Equity Residential Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 81% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | (24%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 63% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 67% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Equity Residential Public Comps
See public comps and valuation multiples for other Buildings & Property comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| AvalonBay Communities | XXX | XXX | XXX | XXX | XXX | XXX |
| SBA Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| Swire Properties | XXX | XXX | XXX | XXX | XXX | XXX |
| HSI Renda Imobiliária | XXX | XXX | XXX | XXX | XXX | XXX |
| Sun Communities | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Equity Residential M&A Activity
Equity Residential acquired XXX companies to date.
Last acquisition by Equity Residential was on XXXXXXXX, XXXXX. Equity Residential acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Equity Residential
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEquity Residential Investment Activity
Equity Residential invested in XXX companies to date.
Equity Residential made its latest investment on XXXXXXXX, XXXXX. Equity Residential invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Equity Residential
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Equity Residential
| When was Equity Residential founded? | Equity Residential was founded in 1993. |
| Where is Equity Residential headquartered? | Equity Residential is headquartered in United States. |
| How many employees does Equity Residential have? | As of today, Equity Residential has over 2K employees. |
| Who is the CEO of Equity Residential? | Equity Residential's CEO is Mark J. Parrell. |
| Is Equity Residential publicly listed? | Yes, Equity Residential is a public company listed on NYSE. |
| What is the stock symbol of Equity Residential? | Equity Residential trades under EQR ticker. |
| When did Equity Residential go public? | Equity Residential went public in 1993. |
| Who are competitors of Equity Residential? | Equity Residential main competitors are AvalonBay Communities, SBA Communications, Swire Properties, HSI Renda Imobiliária. |
| What is the current market cap of Equity Residential? | Equity Residential's current market cap is $24B. |
| What is the current revenue of Equity Residential? | Equity Residential's last 12 months revenue is $3B. |
| What is the current revenue growth of Equity Residential? | Equity Residential revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Equity Residential? | Current revenue multiple of Equity Residential is 10.4x. |
| Is Equity Residential profitable? | Yes, Equity Residential is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Equity Residential? | Equity Residential's last 12 months EBITDA is $2B. |
| What is Equity Residential's EBITDA margin? | Equity Residential's last 12 months EBITDA margin is 60%. |
| What is the current EV/EBITDA multiple of Equity Residential? | Current EBITDA multiple of Equity Residential is 17.2x. |
| What is the current FCF of Equity Residential? | Equity Residential's last 12 months FCF is $905M. |
| What is Equity Residential's FCF margin? | Equity Residential's last 12 months FCF margin is 29%. |
| What is the current EV/FCF multiple of Equity Residential? | Current FCF multiple of Equity Residential is 35.7x. |
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