Equity Residential (EQR) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Viewpoint - Analysts forecast that Equity Residential (EQR) will report quarterly earnings of $0.99 per share, reflecting a year-over-year increase of 2.1% and revenues of $769.26 million, which is a 4.8% increase compared to the previous year [1]. Group 1: Earnings and Revenue Estimates - The consensus EPS estimate for the quarter has been revised downward by 0.2% over the last 30 days, indicating a collective reconsideration by analysts [2]. - Analysts predict that revenues from rental income for same-store properties will reach $726.27 million, representing a 1.1% increase from the prior-year quarter [5]. - The estimated physical occupancy rate is projected to be 96.4%, unchanged from the year-ago value [5]. Group 2: Key Metrics and Performance - Analysts expect the total number of apartment units to be 85,027, an increase from the previous year's figure of 79,738 [5]. - Depreciation is anticipated to arrive at $251.20 million based on analysts' collective assessments [6]. - Over the past month, shares of Equity Residential have returned +0.8%, compared to the S&P 500 composite's +3.4% change, with a Zacks Rank of 2 (Buy) indicating expected outperformance in the near future [6].