- Equity Residential is a REIT with interests in high-quality, multi-family properties targeted to an affluent population of renters.
- With an approximate household income of $166K versus the U.S. average of $92K, EQR's resident base isn't burdened by rent, which enables greater flexibility for rent increases.
- The company's operations are supported by a strong balance sheet that includes over +$2B in liquidity and longer-dated debt maturities.
- For income investors, EQR provides durable dividend growth and a yield of over 3.5% at current pricing.
For further details see:
Equity Residential: Protected By The Affluence Of Their Renters