Equity Residential (EQR) expects its 2024 same-store revenues, net operating income (NOI) and normalized funds from operations (FFO) per share results toward the higher end of its existing guidance ranges.This latest projection comes with the residential REIT experiencing sustained high demand across its market, which is pushing physical occupancy above expectations. Also, strong pricing power in its East Coast markets and continued recovery in its West Coast markets are tailwinds.Equity Residential noted t ...

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 Commission File Number: 1-12252 (Equity Residential) Commission File Number: 0-24920 (ERP Operating Limited Partnership) EQUITY RESIDENTIAL ERP OPERATING LIMITED PARTNERSHIP (Exact name of registrant as specified in its charter) Maryland (Equity Residential) 13-3675988 (Eq ...

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 ...

Core Insights - Equity Residential (EQR) reported revenue of $730.82 million for Q1 2024, a year-over-year increase of 3.7% and an EPS of $0.93 compared to $0.56 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $729.83 million by 0.14%, while the EPS surpassed the consensus estimate of $0.91 by 2.20% [1] Financial Performance Metrics - Physical Occupancy Rate was 96.3%, higher than the estimated 95.9% [2] - Total Apartment Units stood at 79,688, slightly below the estimated 80,256 [2] - Same Store Revenue Growth increased by 4.1%, exceeding the two-analyst average estimate of 3% [2] - Rental income from Same Store was reported at $716.67 million, above the estimated $703.05 million, reflecting a year-over-year change of +5.1% [2] - Net Earnings Per Share (Diluted) was $0.77, significantly higher than the estimated $0.32 [2] Stock Performance - Shares of Equity Residential have returned +1.6% over the past month, contrasting with the Zacks S&P 500 composite's -4.2% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]

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 ...

를 Equity Residential First Quarter 2024 Earnings Release & Supplemental Information Alexan Remy - Frisco, TX EQR + Toll Brothers Joint Development imated Completion: Q4 2024 GRESB Investor Relations Marty McKenna (312) 474-1300 investorrelations@eqr.com PENNER HAR 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 | | Consolidate ...

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 ...