Equity Residential owns a portfolio of 312 apartment communities with over 85,000 units and is developing two additional properties with 665 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.

Equity Residential owns a portfolio of 312 apartment communities with over 85,000 units and is developing two additional properties with 665 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.

Equity Residential, based in Chicago, is one of the largest apartment real estate investment trusts in the U.S. The company focuses on high-quality properties and has benefited from the high cost of homeownership. Prior to the pandemic, the company's properties were primarily in large coastal cities in four core states. Its new growth strategy is focused on 12 Sunbelt and other noncoastal markets, including expansion projects in suburban Raleigh, Atlanta, Austin, and Denver. The average EQR tenant is a professional in his or her early 30s, a group that has enjoyed recent strong employment demographics Total revenues in 2025 were just under $3.1 billion. At the beginning of 2026, the company owned 318 assets with over 86,000 apartments. Over 80% of the portfolio is located in established markets, and almost 40% of properties are located in California. The shares are a component of the S&P 500. The company's market cap is about $25.7 billion.

The major indices are broadly higher at midday on Wednesday. Oil prices have plunged on optimism that a peace deal with Iran might be close. Crude oil is down 7% at $95 per barrel. The yield on the 10-year note is at 4.36%, and the VIX volatility index is at 17.