Core Viewpoint - Equity Residential (EQR) shares have underperformed over the past year, losing over 11% of their value despite reasonable company performance [1] Company Performance - EQR's performance has been reasonable, indicating that the company's fundamentals may not align with market sentiment [1] Market Sentiment - There is increasing pessimism regarding the trajectory of rental inflation, which has negatively impacted EQR's stock performance [1]

Group 1 - Equity Residential (NYSE: EQR) has underperformed over the past year, with a loss of 11% in stock value due to rising concerns about rental inflation [1] - The stock market has shown recovery from previous losses, indicating a potential shift in investor sentiment [1] - The article emphasizes a contrarian investment approach based on macroeconomic views and specific stock turnaround stories to achieve favorable risk/reward profiles [1]