Equity Residential

Apartments are essential, short duration, recurring revenue assets. EQR’s scale, urban concentration, and focus on higher earning renters support stable occupancy and NOI. 2025 same store revenue grew about 2.6 percent with occupancy near 96 percent, and 2026 guidance calls for modest same store revenue growth of 1.2 to 3.2 percent.

Risks include local regulations and pockets of oversupply in expansion markets, but the aggregate portfolio exhibits steady cash generation across cycles.