Equity Residential (EQR) Beats Q1 FFO Estimates

Core Viewpoint - Equity Residential (EQR) reported quarterly funds from operations (FFO) of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.93 per share, and showing an increase from $0.93 per share a year ago [1] Financial Performance - The company posted revenues of $760.81 million for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.79%, compared to $730.82 million in the same quarter last year [2] - Over the last four quarters, Equity Residential has surpassed consensus FFO estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Equity Residential shares have declined approximately 3.4% since the beginning of the year, while the S&P 500 has decreased by 6% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.99, with projected revenues of $775.72 million, and for the current fiscal year, the estimate is $3.97 on $3.12 billion in revenues [7] - The estimate revisions trend for Equity Residential is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The REIT and Equity Trust - Residential industry is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8]