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Equity Residential (EQR) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Equity Residential (EQR) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Equity Residential is a real estate investment trust which is focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets in the US. Equity Residential has a market cap of $27.29 billion; its shares were traded at around $73.87 with a P/E ratio of 41.72 and P/S ratio of 11.05. The dividend yield of Equity Residential stocks is 2.93%. Equity Residential had annual average EBITDA growth of 7.60% over the past ten years.


For the last quarter Equity Residential reported a revenue of $652.7 million, compared with the revenue of $630.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.6 billion, an increase of 4.3% from last year. For the last five years Equity Residential had an average revenue growth rate of 0.3% a year.

The reported diluted earnings per share was $1.77 for the year, an increase of 8.6% from previous year. Over the last five years Equity Residential had an average EPS decline of 10.6% a year. The Equity Residential had a decent operating margin of 33.32%, compared with the operating margin of 34.36% a year before. The 10-year historical median operating margin of Equity Residential is 29.03%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Equity Residential has the cash and cash equivalents of $47.4 million, compared with $50.6 million in the previous year. The long term debt was $8.8 billion, compared with $9 billion in the previous year. The interest coverage to the debt is 2.1, which is not a favorable level. Equity Residential has a financial strength rank of 5 (out of 10).

At the current stock price of $73.87, Equity Residential is traded at 15.2% premium to its historical median P/S valuation band of $64.11. The P/S ratio of the stock is 11.05, while the historical median P/S ratio is 9.61. The stock gained 29.84% during the past 12 months.

CFO Recent Trades:

  • EVP & CFO Robert Garechana sold 687 shares of EQR stock on 02/05/2019 at the average price of $72.21. The price of the stock has increased by 2.3% since.

Directors and Officers Recent Trades:

  • Director David J Neithercut sold 50,000 shares of EQR stock on 02/08/2019 at the average price of $73.5. The price of the stock has increased by 0.5% since.
  • Executive Vice President & CIO Alan W George sold 25,000 shares of EQR stock on 02/08/2019 at the average price of $73.56. The price of the stock has increased by 0.42% since.
  • Executive Vice President Barry Altshuler sold 10,000 shares of EQR stock on 02/07/2019 at the average price of $73.29. The price of the stock has increased by 0.79% since.
  • Executive Vice President Christa L Sorenson sold 315 shares of EQR stock on 02/05/2019 at the average price of $72.21. The price of the stock has increased by 2.3% since.
  • Executive Vice President & COO Michael L Manelis sold 684 shares of EQR stock on 02/05/2019 at the average price of $72.21. The price of the stock has increased by 2.3% since.

For the complete 20-year historical financial data of EQR, click here.

This article first appeared on GuruFocus.