WallStSmart

Equity Residential (EQR)vsMillrose Properties, Inc. (MRP)

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Smart Verdict

WallStSmart Research — data-driven comparison

Equity Residential generates 295% more annual revenue ($3.13B vs $792.29M). MRP leads profitability with a 63.2% profit margin vs 28.0%. MRP trades at a lower P/E of 8.1x. MRP earns a higher WallStSmart Score of 67/100 (B-).

EQR

Hold

49

out of 100

Grade: D+

Growth: 3.3Profit: 7.5Value: 4.0Quality: 4.5
Piotroski: 4/9Altman Z: 1.11

MRP

Strong Buy

67

out of 100

Grade: B-

Growth: 7.0Profit: 7.5Value: 6.7Quality: 4.5
Piotroski: 3/9Altman Z: 1.29
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EQROvervalued (-8.6%)

Margin of Safety

-8.6%

Fair Value

$59.55

Current Price

$63.66

$4.11 premium

UndervaluedFair: $59.55Overvalued

Intrinsic value data unavailable for MRP.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EQR3 strengths · Avg: 8.3/10
Profit MarginProfitability
28.0%9/10

Keeps 28 of every $100 in revenue as profit

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Operating MarginProfitability
27.9%8/10

Strong operational efficiency at 27.9%

MRP6 strengths · Avg: 9.3/10
P/E RatioValuation
8.1x10/10

Attractively priced relative to earnings

Price/BookValuation
0.7x10/10

Reasonable price relative to book value

Profit MarginProfitability
63.2%10/10

Keeps 63 of every $100 in revenue as profit

Operating MarginProfitability
85.5%10/10

Strong operational efficiency at 85.5%

Revenue GrowthGrowth
17.7%8/10

17.7% revenue growth

EPS GrowthGrowth
23.8%8/10

Earnings expanding 23.8% YoY

Areas to Watch

EQR4 concerns · Avg: 3.0/10
P/E RatioValuation
28.7x4/10

Moderate valuation

Revenue GrowthGrowth
2.1%4/10

2.1% revenue growth

PEG RatioValuation
8.152/10

Expensive relative to growth rate

EPS GrowthGrowth
-39.9%2/10

Earnings declined 39.9%

MRP3 concerns · Avg: 2.7/10
Return on EquityProfitability
7.9%3/10

ROE of 7.9% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Altman Z-ScoreHealth
1.292/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : EQR

The strongest argument for EQR centers on Profit Margin, Price/Book, Operating Margin. Profitability is solid with margins at 28.0% and operating margin at 27.9%.

Bull Case : MRP

The strongest argument for MRP centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 63.2% and operating margin at 85.5%. Revenue growth of 17.7% demonstrates continued momentum.

Bear Case : EQR

The primary concerns for EQR are P/E Ratio, Revenue Growth, PEG Ratio.

Bear Case : MRP

The primary concerns for MRP are Return on Equity, Piotroski F-Score, Altman Z-Score.

Key Dynamics to Monitor

EQR profiles as a value stock while MRP is a growth play — different risk/reward profiles.

MRP is growing revenue faster at 17.7% — sustainability is the question.

MRP generates stronger free cash flow (886M), providing more financial flexibility.

Monitor REIT - RESIDENTIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MRP scores higher overall (67/100 vs 49/100), backed by strong 63.2% margins and 17.7% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Equity Residential

REAL ESTATE · REIT - RESIDENTIAL · USA

Equity Residential is a publicly traded real estate investment trust that invests in apartments.

Millrose Properties, Inc.

REAL ESTATE · REIT - RESIDENTIAL · USA

Millrose Properties, Inc. (MRP) is a leading real estate investment and development firm that specializes in creating innovative residential and commercial spaces in sought-after urban markets. The company prioritizes sustainability and community engagement, aligning its strategic investments with evolving market trends. Backed by a seasoned management team and advanced operational methodologies, MRP boasts a diverse portfolio and superior property management expertise, positioning it as an appealing investment option for institutional investors seeking strong financial performance and meaningful community impact.

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