Equity Residential's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Equity Residential (EQR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Equity Residential vs Its Competitors
- TTM: Trailing 12-month revenue of 3,031M vs 376,025M combined for tracked competitors (0.8% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-9.4% annualized vs trailing 12 months), vs decelerating (-3.5%) for its tracked peer group.
- Growth: Equity Residential generated -10.7% revenue growth year over year in Q2 2026, vs 6.6% for its tracked competitors combined.
- Profitability: Its 17.2% net margin compares with 20.0% for the peer group.
- Peer revenue share: Equity Residential accounted for 0.8% of combined revenue among its tracked peer group, down from 0.9% a year earlier.
- Peer differentiation: Revenue per employee of $1.89M compares with $0.95M for the peer group (2.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
EQR Sales vs. its Competitors, Q2 2026
Equity Residential reported revenue contraction of 10.69 % year on year in Q2 2026, below its competitors' combined revenue growth of 6.59 %.
With a net margin of 17.15 %, Equity Residential reported lower profitability than its competitors (19.98 %).
Equity Residential generated 0.75 % of the combined sales of its peer group, down from 0.90 % a year earlier.
Equity Residential vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Equity Residential and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Equity Residential | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Equity Residential's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -0.8% year over year, combined, vs -10.7% for Equity Residential. Equity Residential's share of combined industry revenue moved from 1.06% to 0.96%, a loss of 0.11 percentage points.
Equity Residential's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Equity Residential | Yes | No | No | Yes |
| Competitors combined (113) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
EQR Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Forge Global Holdings Inc | 282.9% | Outperformed |
| 2 | Mr Cooper Group Inc | 282.9% | Outperformed |
| 3 | Brookline Bancorp inc | 282.9% | Outperformed |
| 4 | The Intergroup Corporation | 282.9% | Outperformed |
| 5 | Peakstone Realty Trust | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Equity Residential's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Equity Residential's Comment on Competition and Industry Peers
Publicly Traded Peers of Equity Residential
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Equity Residential | 24,437.67 | 3,030.82 |
| Bank Of America Corporation | 400,889.23 | 121,098.00 |
| Chubb Limited | 131,038.60 | 60,822.00 |
| Prologis Inc | 126,963.01 | 8,948.19 |
| American Tower Corporation | 78,029.45 | 10,941.50 |
| Simon Property Group inc | 66,383.11 | 6,648.59 |
| SUBTOTAL | 1,351,697.57 | 477,111.66 |
Sign in to see all competitors of Equity Residential.
Sources: Equity Residential's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Equity Residential versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Equity Residential's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Brookline Bancorp inc | Named by the company | 85% |
| Ai Transportation Acquisition Corp | Named by the company | 85% |
| Empire State Realty Op L p | Named by the company | 85% |
| Bynordic Acquisition Corporation | Named by the company | 85% |
| Alti Global Inc | Named by the company | 85% |
| East West Bancorp inc | Named by the company | 85% |
| Federated Hermes Inc | Named by the company | 85% |
| Coastal Financial Corporation | Named by the company | 85% |
| Aon Plc | Named by the company | 85% |
| First Trinity Financial Corporation | Named by the company | 85% |
| Citizens Financial Group Inc | Named by the company | 85% |
| Arrow Financial Corporation | Named by the company | 85% |
| Kodiak Ai Inc | Named by the company | 85% |
| Mr Cooper Group Inc | Named by the company | 85% |
| Equity Residential | Named by the company | 85% |
| Franklin Resources Inc | Named by the company | 85% |
| Ace Global Business Acquisition Limited | Named by the company | 85% |
| Healthpeak Properties Inc | Named by the company | 85% |
| Broad Capital Acquisition Corp | Named by the company | 85% |
| American Healthcare Reit Inc | Named by the company | 85% |
| Equity Residential | Named by the company | 85% |
| Brixmor Property Group Inc | Named by the company | 85% |
| Alchemy Investments Acquisition Corp 1 | Named by the company | 85% |
| Essex Property Trust Inc | Named by the company | 85% |
| Capital Bancorp Inc | Named by the company | 85% |
| American Homes 4 Rent | Named by the company | 85% |
| Four Corners Property Trust Inc | Named by the company | 85% |
| Forge Global Holdings Inc | Named by the company | 85% |
| Cetus Capital Acquisition Corp | Named by the company | 85% |
| Alpha Partners Technology Merger Corp | Named by the company | 85% |
| Creative Media and Community Trust Corporation | Named by the company | 85% |
| Ames National Corporation | Named by the company | 85% |
| Arbor Realty Trust Inc | Named by the company | 85% |
| Caretrust Reit Inc | Named by the company | 85% |
| Graniteshares Gold Trust | Named by the company | 85% |
| Brighthouse Financial Inc | Named by the company | 85% |
| Aimei Health Technology Co Ltd | Named by the company | 85% |
| Embrace Change Acquisition Corp | Named by the company | 85% |
| Brightspire Capital Inc | Named by the company | 85% |
| Assurant Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Equity Residential's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Equity Residential's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Chubb Limited | Segment Insurance North American Commercial P&C 34.89 % |
| Prologis Inc | Real Estate Operations Segment 93.26 % |
| American Tower Corporation | Property 96.21 % |
| Aon Plc | Risk Capital 70.80 % |
| Lennar Corp | Homebuilding West 34.85 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Sign in to see all peers for Equity Residential.
Equity Residential's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Equity Residential | 24,438 | 1,894,260 | 562,004 |
| Bank Of America Corporation | 400,889 | 568,535 | 158,005 |
| Chubb Limited | 131,039 | 1,351,600 | 258,356 |
| Prologis Inc | 126,963 | 3,193,499 | 1,417,057 |
| American Tower Corporation | 78,029 | 2,248,561 | 722,441 |
| Simon Property Group inc | 66,383 | 1,846,829 | 1,515,221 |
| PEERS TOTAL | 1,327,260 | 952,618 | 183,808 |
Sign in to see all peers for Equity Residential.
Equity Residential's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 16.91 % |
| Franklin Resources Inc | United States 72.53 % |
| American Healthcare Reit Inc | US 99.75 % |
| Federated Hermes Inc | Non-US 12.64 % |
| Forge Global Holdings Inc | Non-US 10.35 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Equity Residential's Position in Industry Market Structure
Market-capitalization share and concentration across all 182 companies in Equity Residential's industry classification, broader than the peer set above. Market cap in millions of $.Equity Residential ranks #0 of 182 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 417, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 169,817 | 11.86 % |
| 2 | Prologis Inc | 126,843 | 8.86 % |
| 3 | Equinix Inc | 101,124 | 7.07 % |
| 4 | American Tower Corporation | 78,291 | 5.47 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Realty Income Corporation | 1,234 | 5.2% |
| 8 | Public Storage | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Iron Mountain Inc | 1,234 | 5.2% |
| 0 | Equity Residential | 24,516 | 0.00 % |
Market cap and industry share for the rest of Equity Residential's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-08-21.
Equity Residential's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Real Estate Investment Trusts industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (193 companies). See the full Real Estate Investment Trusts industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 71.06 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 59.27 % | 37.73 % (avg) | +21.5 pp |
| Capital Intensity (Capex / Revenue) | 22.97 % | 24.12 % (avg) | -1.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Equity Residential's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (193 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Real Estate Investment Trusts industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 29.2x | 33.2x | -4.1x |
| EV / EBITDA | 15.4x | 17.6x | -2.3x |
| P/B | 2.3x | 2.0x | +0.3x |
| Return on Equity | 8.16 % | industry aggregate | 2.21 % |
| Return on Invested Capital | - | 2.03 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Equity Residential's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 4.33 % | 4.76 % | -4.79 % | -4.19 % | 11.01 % | 5.07 % | 3.69 % | 3.82 % |
| Operating Margin | 33.30 % | 50.22 % | 51.25 % | 68.01 % | 40.80 % | 40.38 % | 31.32 % | 30.22 % |
| Return on Invested Capital | 2.80 % | 4.44 % | 4.22 % | 5.36 % | 3.53 % | 3.68 % | 2.95 % | 2.91 % |
| P/E | 38.9x | 32.4x | 24.4x | 25.1x | 30.1x | 27.0x | 26.4x | 20.8x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Equity Residential's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 417 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 22.97 % vs industry average 24.12 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Equity Residential's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Equity Residential's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Equity Residential's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Equity Residential falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Equity Residential's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-9.4% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (40.20 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-3.5% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Equity Residential's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Equity Residential | 0.08 | 0.08 | 0.42 |
| Bank Of America Corporation | 0.09 | 0.52 | 1.25 |
| Chubb Limited | - | 1.58 | 0.22 |
| Prologis Inc | 0.60 | 0.60 | 0.61 |
| American Tower Corporation | 0.22 | 0.38 | 4.48 |
| Simon Property Group inc | 481.01 | 876.45 | 5.95 |
Sign in to see all peers for Equity Residential.
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Equity Residential's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Equity Residential | Q2 2026 | -10.7 % | -40.8 % |
| Bank Of America Corporation | Q2 2026 | +15.0 % | +27.5 % |
| Chubb Limited | Q1 2026 | +10.6 % | +74.8 % |
| Prologis Inc | Q1 2026 | +7.4 % | +63.4 % |
| American Tower Corporation | Q2 2026 | +4.7 % | +133.2 % |
| Simon Property Group inc | Q1 2026 | +19.3 % | +19.0 % |
| PEERS TOTAL | +7.1 % | +51.6 % |
Sign in to see all peers for Equity Residential.
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Equity Residential's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Equity Residential | Q2 2026 | +4.8 % | -80.8 % |
| Bank Of America Corporation | Q2 2026 | - | - |
| Chubb Limited | Q1 2026 | +45.5 % | - |
| Prologis Inc | Q1 2026 | -83.2 % | -36.5 % |
| American Tower Corporation | Q2 2026 | +10.5 % | +5.4 % |
| Simon Property Group inc | Q1 2026 | +24.8 % | -9.5 % |
Sign in to see all peers for Equity Residential.
Equity Residential's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Equity Residential | 4.35% | 3.91% | 8.16% |
| Bank Of America Corporation | 0.97% | 2.76% | 11.13% |
| Chubb Limited | 4.31% | 7.30% | 14.91% |
| Prologis Inc | 4.04% | 2.58% | 6.90% |
| American Tower Corporation | 5.54% | 5.04% | 33.86% |
| Simon Property Group inc | 14.83% | 12.17% | 120.40% |
Sign in to see all peers for Equity Residential.
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Equity Residential's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Equity Residential | 27.68 | 8.06 |
| Bank Of America Corporation | 12.66 | 3.31 |
| Chubb Limited | 11.77 | 2.15 |
| Prologis Inc | 33.65 | 14.19 |
| American Tower Corporation | 23.02 | 7.13 |
| Simon Property Group inc | 14.21 | 9.98 |
| PEERS AVERAGE | 14.63 | 2.83 |
Sign in to see all peers for Equity Residential.
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.