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 March 31, 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 OPER ...

Orbon Alija/E+ via Getty Images Introduction One of the salient features of REITs is that profits and prices often move in cycles. And there are two cycles worth considering. First, there is the space market cycle, which describes the supply and demand forces for a particular type of space. In the case of Equity Residential (NYSE:EQR), the type of space would be residential apartments that cater to the affluent worker segment in predominantly the coastal markets. A space market review for EQR might cons ...

Equity Residential (NYSE:EQR) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET Company Participants Marty McKenna - IR and Public Relations Mark Parrell - President and CEO Michael Manelis - EVP and COO Alexander Brackenridge - EVP and CIO Robert Garechana - EVP and CFO Conference Call Participants Eric Wolfe - Citi John Pawlowski - Green Street Steve Sakwa - Evercore ISI Josh Dennerlein - Bank of America Derrick Metzler - Morgan Stanley Michael Goldsmith - UBS Haendel St. Juste - Mizuho Jamie Fe ...

Shares of Equity Residential (EQR) witnessed a 1.3% gain in the after-hours trading session on Apr 23 after it reported first-quarter 2024 normalized funds from operations (FFO) per share of 93 cents, which surpassed the Zacks Consensus Estimate of 91 cents. The rental income of $730.8 million also beat the consensus mark of $729.8 million.Results reflect decent same-store performances, backed by healthy demand, modest supply and a focus on expense efficiency. The company also experienced the lowest quarter ...

Equity Residential (EQR) reported $730.82 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.7%. EPS of $0.93 for the same period compares to $0.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $729.83 million, representing a surprise of +0.14%. The company delivered an EPS surprise of +2.20%, with the consensus EPS estimate being $0.91.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Equity Residential (EQR) came out with quarterly funds from operations (FFO) of $0.93 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to FFO of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.20%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1 per share when it actually produced FFO of $1, delivering no surprise.Over the last four quarters, the co ...

First Quarter 2024 Results Table of Contents Earnings Release 1 - 4 Consolidated Statements of Operations 5 Consolidated Statements of Funds From Operations and Normalized Funds From Operations 6 Consolidated Balance Sheets 7 Portfolio Summary 8 Portfolio Rollforward 9 Same Store Results 10 - 16 Debt Summary 17 - 19 Capital Structure 20 Common Share and Unit Weighted Average Amounts Outstanding 21 Development and Lease-Up Projects 22 Capital Expenditures to Real Estate 23 Normalized EBITDAre Reconciliations ...

Equity Residential (EQR) is slated to report first-quarter 2024 results after the closing bell on Apr 23. The company’s quarterly results are likely to reflect growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this Chicago, IL-based residential real estate investment trust’s (REIT) normalized FFO per share of $1.00 was in line with the Zacks Consensus Estimate. Rental income of $727.5 million in the fourth quarter grew 4% and was almost in line with the consensus mar ...

Wall Street analysts expect Equity Residential (EQR) to post quarterly earnings of $0.91 per share in its upcoming report, which indicates a year-over-year increase of 4.6%. Revenues are expected to be $729.83 million, up 3.5% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Pri ...

Equity Residential (EQR) owns a portfolio of high-quality apartment units in some of the key markets of the United States that have an affluent tenant base. The high costs of home ownership due to high interest rates are likely to keep renter demand up in its markets, benefiting the company. A focus on technology, scale and organizational capabilities to drive margin expansion and operational efficiency act as tailwinds. However, the elevated supply of rental units in some markets and high interest rates ma ...