EQR - Equity Residential: It's Time To Be A 'Grave Dancer'

2024-06-10 07:00:00 ET

Summary

• Equity Residential is a solid buy for investors due to its A-rating, over 4.1% yield, and low debt.
• The company is undervalued compared to historicals and benefits from the overall undersupply of housing and strong demand for rental housing.
• EQR has potential upside with a growth estimate of 3-5% and expects higher-end guidance range results for 2024E.

This article was co-produced with Wolf Report

As many know, Sam Zell was famously called the "grave dancer" for his strategy of profiting from distressed real estate, and he once cautioned :

"He who dances closest to the graves always has to be careful he doesn't fall in."

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