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Equity Residential Stock Rises 20.9% YTD: Will the Trend Continue?
ZACKS· 2024-11-21 15:10
Shares of Equity Residential (EQR) have risen 20.9% year to date, outperforming the industry's growth of 11.5%.Last October, EQR reported third-quarter 2024 normalized funds from operations (FFO) per share of 98 cents, in line with the Zacks Consensus Estimate. On a year-over-year basis, the normalized FFO per share grew 2.1%.Results reflected decent same-store performances, backed by healthy demand amid modest supply. The company revised its 2024 guidance.This residential real estate investment trust (REIT ...
Equity Residential(EQR) - 2024 Q3 - Quarterly Report
2024-11-04 21:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12252 (Equity Residential) Commission File Number: 0-24920 (ERP Operating Limited Partnership) EQUITY RESIDENTIAL ERP ...
Equity Residential(EQR) - 2024 Q3 - Earnings Call Transcript
2024-10-31 18:43
Equity Residential (NYSE:EQR) Q3 2024 Earnings Conference Call October 31, 2024 11:30 AM ET Company Participants Marty McKenna – Vice President, Investor Relations Mark Parrell – President and Chief Executive Officer Alex Brackenridge – Chief Investment Officer Michael Manelis – Chief Operating Officer Bob Garechana – Chief Financial Officer Conference Call Participants Eric Wolfe – Citi Steve Sakwa – Evercore ISI Haendel St. Juste – Mizuho Alexander Goldfarb – Piper Sandler John Pawlowski – Green Street Jo ...
Equity Residential Q3 FFO Meets Estimates, Revenues Increase Y/Y
ZACKS· 2024-10-31 17:16
Equity Residential (EQR) reported third-quarter 2024 normalized funds from operations (FFO) per share of 98 cents, in line with the Zacks Consensus Estimate. On a year-over-year basis, the normalized FFO per share grew 2.1%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect decent same-store performances, backed by healthy demand amid modest supply. The company revised its 2024 guidance.The quarterly rental income of $748.3 million surpassed the Zacks Consensus Estimate ...
Equity Residential(EQR) - 2024 Q3 - Earnings Call Presentation
2024-10-31 15:21
Q3 2024 Management Presentation OCTOBER 2024 ARBOUR SQUARE – WESTMINSTER, CO UNION AT CARROLLTON SQUARE APARTMENTS CARROLLTON, TX This presentation is complementary to the Company's conference call to discuss its Third Quarter 2024 earnings on October 31, 2024 and should be read in conjunction with the Company's earnings release dated October 30, 2024. See the Appendix on pages 11 through 17 for information about forward-looking statements, a glossary of defined terms and a related reconciliation of non-GAA ...
Compared to Estimates, Equity Residential (EQR) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-30 23:01
For the quarter ended September 2024, Equity Residential (EQR) reported revenue of $748.35 million, up 3.4% over the same period last year. EPS came in at $0.98, compared to $0.45 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $742.89 million, representing a surprise of +0.73%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.98. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
Equity Residential (EQR) Meets Q3 FFO Estimates
ZACKS· 2024-10-30 22:37
Equity Residential (EQR) came out with quarterly funds from operations (FFO) of $0.98 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.96 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.96 per share when it actually produced FFO of $0.97, delivering a surprise of 1.04%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.Equit ...
Equity Residential(EQR) - 2024 Q3 - Quarterly Results
2024-10-30 20:26
Sandy Springs, GA RI Sixes Ridg Holly Spring: Arbou Westminster, Union at Carrollton Square Carrollton, TX Station 92 - Woodstock, GA Trailwinds Grapevi Grapevine, TX 를 Equity Residential Third Quarter 2024 Earnings Release and Supplemental Information Ayla at Stonebriar Frisco, TX Milehouse - Denver, Q3 2024 Total Acquisitions of $1.26B 04W | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|--------------------------|-----------|-------|-------|-------|-------| | | | | | | | | | V ...
Countdown to Equity Residential (EQR) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-10-28 14:21
Analysts on Wall Street project that Equity Residential (EQR) will announce quarterly earnings of $0.98 per share in its forthcoming report, representing an increase of 2.1% year over year. Revenues are projected to reach $742.89 million, increasing 2.6% from the same quarter last year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. ...
Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
MarketBeat· 2024-10-27 11:01
The real estate sector is holding firm in a bullish formation, displaying notable resilience compared to the broader market. The Real Estate Select Sector SPDR Fund ETF NYSE: XLRE has been consolidating near its highs, just 2.7% away from its 52-week peak, setting the stage for a potential breakout in the year's final quarter. While the broader market faced selling pressure mid-week, with the SPY ETF dropping nearly 1% on Wednesday, XLRE demonstrated relative strength, closing the day up almost 1%. This bri ...