EQR
EQUITY RESIDENTIALEvidence as of 2026-09-02Overview · EQUITY RESIDENTIAL
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 308 properties consisting of 79,597 apartment units, with an established presence in Boston, New…
Management team
- Mr. Scott J. Fenster J.D. · Executive VP, General Counsel & Corporate SecretaryFind on LinkedIn
- Mr. Alexander Brackenridge · Executive VP & Chief Investment OfficerFind on LinkedIn
- Mr. Michael L. Manelis · Executive VP & COOFind on LinkedIn
- Mr. Robert A. Garechana · Executive VP & CFOFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.6 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Cautious ( -0.6 of a possible +2; confidence high). Entity common shares outstanding fell from 391,898,057 as of 2025-07-31 (Q2 2025) to 374,944,409 as of 2026-07-24 (Q2 2026), and weighted average diluted shares for the three months ended 30 June 2025 and 30 June 2026 moved from 391,498,000 to 383,878,000. Reported net income for the three months ended 30 June 2025 was $ 192,356,000 versus $ 114,135,000 for the three months ended 30 June 2026, and diluted EPS declined from $ 0.50 to $ 0.30 for those comparable three‑month periods.
Filings show a significant corporate event: a Form 8‑K dated 17 August 2026 reports a merger closing in which AvalonBay was exchanged under an Exchange Ratio of 2.793 common shares and the company changed its name to Vivmark Residential with dual headquarters in Chicago, Illinois and Arlington, Virginia. Market signals in the packet are severe: maximum drawdown over three years is -100.0% and short‑term realized volatility is very high (vol_30d_annualized +354.4%, vol_90d_annualized +178.8%). Trailing twelve‑month FCF is $ 1,636,647,000, FCF per share is $ 4.2635 based on 374,944,409 shares, cash and equivalents were $ 36,405,000 as of 2026-06-30 versus long‑term debt of $ 8,241,242,000 as of 2025-12-31.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Entity common shares outstanding decreased from 391,898,057 shares as of 2025-07-31 to 374,944,409 shares as of 2026-07-24.
XBRL companyfacts · 0000950170-25-104090Weighted average diluted shares outstanding for the three months ended 30 June 2025 were 391,498,000 shares and for the three months ended 30 June 2026 were 383,878,000 shares.
XBRL companyfacts · 0001193125-26-326170Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
The company filed a Form 8-K dated and filed 17 August 2026 reporting the closing of a merger in which AvalonBay merged into Merger Sub and Merger Sub merged into the Operating Partnership at the Effective Time.
Current report · filed 2026-08-17The same 17 August 2026 filing states the company changed its name from Equity Residential to Vivmark Residential and that the company now has dual headquarters in Chicago, Illinois and Arlington, Virginia.
Current report · filed 2026-08-17Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Three-month momentum is -100.0% as of 2026-09-01.
Moneyta signal set · 2026-09-01weakened in debateSix-month momentum is -100.0% and rank_momentum_6m is 1th percentile of 547 as of 2026-09-01.
Moneyta signal set · 2026-09-01weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, EQR is held by multiple broad-market and large-cap ETFs at small weights: VO 0.31%, VTV 0.12%, VOO 0.05%, SCHX 0.05%, SCHB 0.04%, and IVV 0.04%.
ETF constituents · market dataThe most recent reported 13F quarter (as of period 2026-03-31) shows a single reported institutional holder, GAM Holding AG, with a reported value of $2.1M and a total reported institutional value of $2.1M.
13F holdings · 1 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
GuruFocus published headlines reporting Equity Residential shares fell and describing the stock as undervalued according to GF Value metrics.
News · gurufocus.com · 2026-08-31GuruFocus ran multiple follow-up pieces that framed Equity Residential around a positive GF Score and value-focused commentary.
News · gurufocus.com · 2026-08-25Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Director MUELLER CHARLES E JR sold 8,000 shares for "$511k" on 2026-08-18.
Form 4 · MUELLER CHARLES E JR (Director) · $511k sold · 2026-08-18EVP, Legal Affairs SCHULMAN EDWARD M sold 16,595 shares for "$1.1M" on 2026-08-18.
Form 4 · SCHULMAN EDWARD M (EVP, Legal Affairs) · $1.1M sold · 2026-08-18Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Trailing twelve-month free cash flow (FCF) was $1,636,647,000 in the provided inputs.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month net cash provided by (used in) operating activities was $1,640,350,000 and capital expenditures were $3,703,000, making reported capex very small relative to operating cash flow over the trailing twelve months.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific facts in the record jointly support a favorable read: the company materially reduced share count via repurchases (fundamentals-0, fundamentals-1, fundamentals-4), trailing free cash flow and operating cash generation are sizable relative to minimal capex (valuation-0, valuation-1, valuation-2), and FCF per share is meaningful given the lower share base (valuation-4). The filings around the August 2026 merger and corporate reorganization (filings-0 through filings-4) provide context that can explain extreme market metrics and high short-term volatility as structural/corporate-action effects rather than purely operational deterioration. News coverage framing the shares as undervalued on value metrics (news-0, news-1) and continued inclusion in broad-market ETFs at small weights (ownership-0) add further evidence of ongoing market relevance. Financial advisors often suggest that sustained repurchases combined with strong operating cash flow and low capex can improve per-share value measures; these documented items together form the core bull case here.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.31
35 surviving claims rest on 18 distinct sources; the heaviest analyst carries 17% of them, and 90% of what the desk raised survived the debate.
The read is moderately robust but not immune to revision: 35 surviving claims drawn from 18 sources means the desk relied on a reasonable breadth of documentation, yet a single analyst contributes a meaningful share (17%) of the claims so some weight is concentrated. A 90% survival rate through debate suggests claims were resilient to internal scrutiny, but source concentration and analyst dependence make this synthesis more brittle than one built from many equally weighted, independent analysts and documents.
Peer context · computed, not argued
12-1 momentum ranks 2nd of 4 in REIT—Residential (as of 2026-09-01).
6-month relative strength ranks 4th of 4 in REIT—Residential (as of 2026-09-01).
90-day volatility ranks 1st of 4 in REIT—Residential (as of 2026-09-01).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
22 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.2 to the score
11 documents· 1 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.6 to the score
3 holdings records· 2 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
16 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−1.8 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on EQR Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.