Equity Residential

Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

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Earnings data Q4 2022

Earnings data Q1 2023

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Equity Residential excels in 2022, eyes growth amid challenges

Equity Residential's strong 2022 performance and optimistic 2023 outlook reflect resilience and strategic foresight amidst market challenges and opportunities.
The company's focus on innovation, margin expansion, and market-specific strategies positions it well for growth and operational efficiency.
While facing challenges like regulatory impacts and market uncertainties, Equity Residential remains proactive in its approach to capitalize on opportunities and navigate potential risks.

Equity Residential (EQR) beats Q1 revenue expectations amidst market challenges

Equity Residential (EQR) delivered strong Q1 results, outperforming revenue expectations and showcasing resilience in key markets. While facing challenges in certain regions and higher expenses, the company remains focused on innovation, strategic acquisitions, and operational efficiency. Opportunities for growth include capital deployment strategies, acquisitions in slower markets, and diversification efforts.

Equity Residential reports raised guidance amid market challenges and opportunities

Equity Residential's Q2 2023 earnings call highlighted strong performance in key markets, with raised guidance for same-store NOI and NFFO. While challenges persist in the Seattle market, opportunities exist in capital allocation strategies and operational initiatives. The company faces the task of balancing urban and suburban portfolios amidst varying market conditions.

Equity Residential reports strong Q3 performance amidst regional market disparities

Equity Residential's Q3 performance showcased regional disparities in market conditions, with a focus on maintaining financial stability and mitigating risks. The company remains cautious yet optimistic about future revenue outlook and operational efficiencies.

Equity Residential posts strong Q4 results, eyes East Coast growth

Equity Residential remains cautiously optimistic for Northeast markets while acknowledging challenges in Sunbelt markets. The company is focused on managing supply pressure, maintaining occupancy levels, and leveraging data science for better results.

Equity Residential posts strong Q1 results amidst market challenges

Equity Residential delivered strong financial performance in Q1 2024, driven by revenue growth and effective expense management.
While facing challenges such as potential nonresidential drag and market uncertainties, the company is poised to capitalize on opportunities for growth and improvement.
With a focus on operational efficiency and strategic decision-making, Equity Residential aims to navigate market dynamics and deliver value to stakeholders.

Equity Residential (EQR) reports solid Q2 performance and eyes acquisitions for growth

EQR's Q2 2024 earnings call highlighted strong revenue performance, challenges in certain expansion markets, and opportunities in acquisitions and operational enhancements. The company is open to both buying existing assets and development opportunities, leaning towards acquisitions for now.

Equity Residential reports solid Q3 performance, eyes tech-driven expansion markets

Equity Residential's Q3 call highlighted strong performance, strategic acquisitions in expansion markets, and focus on operational efficiency. Management addressed challenges in market dynamics, debt management, and lease spreads while emphasizing growth opportunities in tech-driven markets. The company's shift towards Sunbelt markets reflects a strategic response to changing demographics and regulatory risks.

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Equity Residential is a real estate investment trust, which engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

Equity Residential (EQR) is experiencing higher demand for its rental apartments, aiding in higher occupancy and rising rental rates.

Equity Residential (EQR) Up 16.5% YTD: Will It Rise Further?

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Fortune.com recently reported that renter households in the US rose by 1.9% in the second quarter, 3x the increase of homeowner households. It is the third consecutive quarter where this happened, suggesting that rental REITs to buy could be a wise investment in the year's second half.

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Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.

Massive Apartment Deals Demonstrate Value Of Apartment REITs

Equity Residential (EQR) is set to buy properties from Blackstone worth $1 billion in its expansion markets.

Equity Residential (EQR) to Buy $1B Assets From Blackstone

Shares of Equity Residential (EQR) fell Wednesday after the real estate investment trust (REIT) announced it had agreed to purchase 11 apartment properties from Blackstone's (BX) real estate unit in separate deals valued at approximately $964 million.

Equity Residential Buys 11 Apartment Properties From Blackstone for Almost $1B

CHICAGO & NEW YORK--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) and Blackstone (NYSE: BX) today announced that Equity Residential has agreed to acquire 11 apartment properties from Blackstone Real Estate strategies in separate transactions, including Blackstone Real Estate Income Trust, Blackstone Real Estate Partners and Blackstone Property Partners, for approximately $964 million. The transactions, which remain subject to customary closing conditions, are expected to close in the third qu.

Equity Residential to Acquire $1 Billion Apartment Portfolio from Blackstone Real Estate

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The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout to enhance flexibility.

The 'X' Factor For Public REITs

Equity Residential (EQR) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Equity Residential (EQR) Now

Equity Residential (NYSE:EQR ) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET Company Participants Marty McKenna - Vice President, Investor Relations Mark Parrell - President & Chief Executive Officer Michael Manelis - Executive Vice President & Chief Operating Officer Robert Garechana - Executive Vice President & Chief Financial Officer Alexander Brackenridge - Executive Vice President and Chief Investment Officer Conference Call Participants Eric Wolfe - Citi Steve Sakwa - Evercore ISI Adam Kramer - Morgan Stanley Josh Dennerlein - Bank of America Anthony Paolone - JPMorgan Michael Goldsmith - UBS Nicholas Yulico - Scotiabank John Kim - BMO Capital Markets James Feldman - Wells Fargo Haendel St. Juste - Mizuho Alexander Goldfarb - Piper Sandler Operator Good day, and welcome to the Equity Residential Second Quarter 2024 Earnings Conference Call and Webcast. Today's conference is being recorded.

Equity Residential (EQR) Q2 2024 Earnings Call Transcript

Equity Residential's (EQR) Q2 FFO tops estimates. Results reflect strong demand and expense efficiency.

Equity Residential (EQR) Q2 FFO Beats Estimates, '24 View Raised

The headline numbers for Equity Residential (EQR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Equity Residential (EQR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Equity Residential (EQR) came out with quarterly funds from operations (FFO) of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to FFO of $0.94 per share a year ago.

Equity Residential (EQR) Surpasses Q2 FFO Estimates

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today reported results for the quarter and six months ended June 30, 2024. Second Quarter 2024 Results All per share results are reported as available to common shares/units on a diluted basis.                               Quarter Ended June 30,       2024   2023   $ Change   % Change Earnings Per Share (EPS)   $ 0.47     $ 0.37     $ 0.10       27.0 % Funds from Operations (FFO) per share   $ 0.94     $ 0.93     $ 0.01       1.1 % Norma.

Equity Residential Reports Second Quarter 2024 Results

Equity Residential's (EQR) Q2 results are likely to benefit from its portfolio diversification efforts and technology investments amid healthy demand, though high supply is likely to have partly dampened the positives.

What's in Store for Equity Residential (EQR) in Q2 Earnings?

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Despite the elevated supply of new units, high homeownership costs and tech-enabled features are likely to draw healthy rental demand, poising the Zacks Equity REIT - Residential industry players like AVB, EQR and INVH well for growth.

3 Residential REITs to Bet On Amid Bright Industry Prospects

Beyond analysts' top -and-bottom-line estimates for Equity Residential (EQR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Countdown to Equity Residential (EQR) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS

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REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cut cycle debuts, making them an attractive sector to become overweight. A list of 12 handpicked REITs is provided, offering a combination of high dividend yields, dividend growth, and value for potential investors.

If I Had To Retire Today With 12 REITs

Equity Residential's (EQR) portfolio diversification efforts, technology initiatives and decent financial position bode well for growth despite higher deliveries and elevated interest rates.

Is it Wise to Hold Equity Residential (EQR) in Your Portfolio?

Healthy demand for rental units in its markets is likely to aid Equity Residential (EQR). Portfolio diversification efforts, technology initiatives to drive margins and a decent financial position bode well.

Equity Residential (EQR) Stock Up 10.3% YTD: Will the Trend Last?

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that the Company will release its second quarter 2024 operating results on Monday, July 29, 2024 after the close of market and host a conference call to discuss those results on Tuesday, July 30, 2024 at 10:00 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential Equity Residential is committed to creating communities where people thri.

Equity Residential Announces Second Quarter 2024 Earnings Release Date

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Overall positive outlook for REIT industry with decline in development activity, potential for increased transaction market activity, and well-capitalized REITs poised for growth. Key themes from REITWeek conference: improving transaction market, challenges with development projects, optimism driven by stable-to-improving fundamentals. Actionable ideas from meetings include investing in data centers, cell towers, triple net properties, multifamily, SFR, MH/RV, self-storage, healthcare, industrial, and office sectors.

Equity REITs: Takeaways From REITWeek 2024

Due to the current high interest rate environment, most real estate stocks are trading below or at fair value. Moreover, there has been a lot of fear about the real estate market over the past couple of years.

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A Rare Buying Opportunity Before A Big Market Reversal Takes Place

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the second quarter of $0.675 per share will be paid on July 12, 2024 to shareholders of record on July 1, 2024. A quarterly dividend of $1.03625 per share will be paid on July 1, 2024 to shareholders of record on June 20, 2024 of the Company's Series K Preferred Shares. About Equity Resi.

Equity Residential Declares Second Quarter Dividends

Investing requires discipline and patience for long-term success. Equity LifeStyle Properties, Equity Residential, and Alexandria Real Estate are three REITs with strong business models and consistent dividend growth. These REITs offer unique advantages in affordable housing and high-demand healthcare labs, making them attractive options for long-term gains.

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