Equity Residential

EQR

Equity

ISIN null / Valor 89245

New York Stock Exchange, Inc (2025-11-21)

USD 60.55+2.35%

Equity Residential
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About company

Equity Residential is a real estate company focused on acquiring, developing, and managing residential properties in major cities known for attracting affluent long-term renters. With a portfolio of 302 properties and over 80,000 apartment units, the company has a strong presence in cities like Boston, New York, and San Francisco, as well as an expanding footprint in cities like Denver and Atlanta. Equity Residential aims to create thriving communities for its residents while building value for its shareholders through a combination of national resources and local expertise. The company's shares are traded on the New York Stock Exchange under the symbol EQR.

Summarized from source with an LLMView SourceSector: Finance

Earnings Performance

For Q2 2025, Equity Residential reported an earnings per share (EPS) of $0.50, marking a 6.4% increase compared to $0.47 in Q2 2024. Funds from Operations (FFO) per share also rose by 4.3% to $0.98, while Normalized FFO (NFFO) per share grew by 2.1% to $0.99.

Revenue and NOI Growth

The company saw a 2.7% increase in same-store revenues for the second quarter of 2025 compared to the same period in 2024. Despite a 3.7% rise in same-store expenses, Net Operating Income (NOI) grew by 2.3%, reflecting solid operating fundamentals across most markets.

Strategic Acquisitions and Dispositions

During Q2 2025, Equity Residential acquired eight properties in suburban Atlanta, adding 2,064 apartment units to its portfolio for approximately $533.8 million. Additionally, the company sold a Seattle property comprising 289 units for $121.0 million, strategically adjusting its asset base.

Updated Financial Guidance

Equity Residential raised the midpoint of its guidance range for same-store revenues and NOI while lowering the midpoint for same-store expenses. This adjustment is driven by strong performance in the San Francisco and East Coast markets, highlighting the company’s robust and resilient revenue streams.

Operational Highlights

The company's physical occupancy for Q2 2025 reached 96.6%, slightly up from 96.3% in Q2 2024. The renewal rate achieved was 60.1%, and blended rates met expectations, supporting the positive operational outlook for the upcoming quarters.

Summarized from source with an LLMView Source

Key figures

-19.3%1Y

-3.60%3Y

-0.02%5Y

Performance

24.1%1Y

22.5%3Y

24.5%5Y

Volatility