Equity Residential (EQR)vsVornado Realty Trust (VNO)
EQR
Equity Residential
$63.66
-3.50%
REAL ESTATE · Cap: $25.50B
VNO
Vornado Realty Trust
$35.44
+3.11%
REAL ESTATE · Cap: $6.98B
Smart Verdict
WallStSmart Research — data-driven comparison
Equity Residential generates 67% more annual revenue ($3.13B vs $1.88B). EQR leads profitability with a 28.0% profit margin vs 3.6%. VNO appears more attractively valued with a PEG of 2.20. EQR earns a higher WallStSmart Score of 49/100 (D+).
EQR
Hold49
out of 100
Grade: D+
VNO
Hold43
out of 100
Grade: D
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-8.6%
Fair Value
$59.55
Current Price
$63.66
$4.11 premium
Margin of Safety
+34.3%
Fair Value
$46.04
Current Price
$35.44
$10.60 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 28 of every $100 in revenue as profit
Reasonable price relative to book value
Strong operational efficiency at 27.9%
Reasonable price relative to book value
Areas to Watch
Moderate valuation
2.1% revenue growth
Expensive relative to growth rate
Earnings declined 39.9%
Expensive relative to growth rate
3.6% margin — thin
Elevated debt levels
Premium valuation, high expectations priced in
Comparative Analysis Report
WallStSmart ResearchBull 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 : VNO
The strongest argument for VNO centers on Price/Book.
Bear Case : EQR
The primary concerns for EQR are P/E Ratio, Revenue Growth, PEG Ratio.
Bear Case : VNO
The primary concerns for VNO are PEG Ratio, Profit Margin, Debt/Equity. A P/E of 1175.3x leaves little room for execution misses. Debt-to-equity of 1.57 is elevated, increasing financial risk.
Key Dynamics to Monitor
VNO carries more volatility with a beta of 1.54 — expect wider price swings.
VNO is growing revenue faster at 5.0% — sustainability is the question.
EQR generates stronger free cash flow (184M), providing more financial flexibility.
Monitor REIT - RESIDENTIAL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
EQR scores higher overall (49/100 vs 43/100), backed by strong 28.0% margins. VNO offers better value entry with a 34.3% margin of safety. Both earn "Hold" 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.
Vornado Realty Trust
REAL ESTATE · REIT - OFFICE · USA
Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
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