Equity Residential is a real estate investment trust. Co. is focused on the acquisition, development and management of residential properties. Co. is the general partner of and owns an ownership interest in its subsidiary, ERP Operating Limited Partnership (ERPOP). All of Co.'s property ownership, development and related business operations are conducted through ERPOP and those entities/subsidiaries owned or controlled by ERPOP (collectively, Operating Partnership) and it has no material assets or liabilities other than its investment in ERPOP. The Operating Partnership holds substantially all of the assets of Co., including its ownership interests in its joint ventures. We show 57 historical shares outstanding datapoints in our EQR shares outstanding history coverage, used to compute EQR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Equity Residential market cap history over the course of time is important for investors
interested in comparing Equity Residential's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of Equity Residential versus a peer is one thing; comparing
Equity Residential market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like Equity Residential can fluctuate over the course of history.
With this page we aim to empower investors researching Equity Residential by allowing them to research the Equity Residential market cap history. |
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Video: The Importance of Market Cap
