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STOCK COMPARISON

Equity Residential vs Independence Realty Trust: Fair Value & Quality

Both stocks run through our valuation models. Here is how Equity Residential (EQR) and Independence Realty Trust (IRT) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Equity Residential as the less overvalued of the two: Equity Residential trades at $68.14 versus a fair value of $36.19 (-47%), while Independence Realty Trust trades at $16.13 versus $5.51 (-66%).
Equity Residential
EQR · USD · Real Estate
-47%
upside to fair value
overvalued
Price$68.14
Fair Value$36.19
Quality64/100
Independence Realty Trust
IRT · USD · Real Estate
-66%
upside to fair value
overvalued
Price$16.13
Fair Value$5.51
Quality48/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Equity ResidentialIndependence Realty Trust
Valuation
25.6×P/E (TTM)78.7×
7.96×P/S (TTM)5.69×
2.24×P/B1.10×
17.1×EV/EBITDA16.0×
8.15×PEG4.57×
−46.9%Fair value upside−65.8%
4.1%Dividend yield4.2%
$2.78Dividend per share$0.68
Profitability
27%Operating margin13%
0.71×EBIT margin trend (5Y)0.88×
9%Return on equity1%
3%Return on assets1%
Growth
3%Revenue growth (YoY)2%
4.3%Avg. growth/yr (3Y)1.5%
3.8%Avg. growth/yr (5Y)25.4%
+6.9%Value creation/yr−5.1%
Balance & size
4.7×Interest coverage (EBIT/interest)1.5×
0.69×Debt / equity0.66×
$25BMarket cap$4B
healthyGrowth qualityexpensive

Even match: 8 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Equity Residentialof which business quality 61 · market factors 64 Independence Realty Trustof which business quality 49 · market factors 49
ProfitabilityMargins and returns on capital today
40
17
Quality GrowthAre margins and returns improving?
48
46
CashflowEarnings quality: real cash, not paper profit
84
80
Fin. StrengthBalance sheet, leverage, solvency risk
43
39
InvestmentDisciplined investing over empire-building
81
67
Low VolatilityCalm price path (market factor)
83
75
MomentumPrice trend over the last 3–12 months (market factor)
49
38
52W MomentumDistance to the 52-week high (market factor)
68
39
Net IssuanceBuybacks instead of dilution
85
53

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyEquity ResidentialPrice $68.14Independence Realty TrustPrice $16.13
DCF Models-51%below the price$33.62-64%below the price$5.75
Multiples-25%below the price$50.82-75%below the price$4.08
Asset-Based-71%below the price$19.74-39%below the price$9.83
Growth DCF-58%below the price$28.81-66%below the price$5.55
Economic Profit-57%below the price$29.00-42%below the price$9.40
Minimum-71%below the price$19.74-75%below the price$4.08
Maximum-25%below the price$50.82-39%below the price$9.83
Median-57%below the price$29.00-64%below the price$5.75
Geometric mean-55%below the price$30.90-59%below the price$6.55

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Equity Residential: 13 of 14 models see the stock below the current price.

Independence Realty Trust: 10 of 13 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Equity Residential
Bear $26.26Fair Value $36.19Bull $62.55
$68.14 = current price (white tick)
Independence Realty Trust
Bear $5.51Fair Value $5.51Bull $6.95
$16.13 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Equity Residential · Real Estate

Quality score64 · Top 25%
Fair value upside-47% · bottom 25%

Independence Realty Trust · Real Estate

Quality score48 · below median
Fair value upside-66% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Equity Residential as the less overvalued of the two: Equity Residential trades at $68.14 versus a fair value of $36.19 (-47%), while Independence Realty Trust trades at $16.13 versus $5.51 (-66%).

Equity Residential has the higher quality score (64/100).

See the full analysis →
Equity Residential · Independence Realty Trust

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.