Is Equity Residential Stock Underperforming the Nasdaq?

Core Insights - Equity Residential (EQR) is a real estate investment trust (REIT) with a market cap of $23.2 billion, focusing on high-quality apartment communities in urban and suburban markets [1] - EQR is classified as a large-cap stock, highlighting its size and influence in the residential REIT sector, supported by a proven operating platform and recurring rental income [2] Performance Metrics - EQR's shares have declined 20.1% from its 52-week high of $75.86, with an 8.7% drop over the past three months, underperforming the Nasdaq Composite's 8% increase [3] - Year-to-date, EQR shares are down 15.6%, while the Nasdaq Composite has returned 21.9%. Over the past 52 weeks, EQR has fallen 17.8%, lagging behind the Nasdaq's 18.6% gain [4] Q3 Results - In Q3, EQR reported a 4.6% year-over-year revenue increase to $782.4 million, slightly beating consensus estimates. The normalized funds from operations (NFFO) per share rose 4.1% to $1.02, meeting Wall Street expectations [5] - The company lowered its fiscal 2025 guidance for revenue, net operating income, EPS, and FFO, attributed to softer leasing demand in late Q3, particularly in Washington, D.C., and delays in income-generating initiatives [5]