Equity Residential Earnings Reports

Equity Residential reported Q4 2024 results, with EPS at $1.10, FFO per share at $0.97, and Normalized FFO per share at $1.00. The company acquired three properties for $274.3 million and sold seven properties for $610.1 million during the quarter. They also increased the 2025 annual common share dividend by 2.6% to $2.77 per share.

Equity Residential reported solid third quarter 2024 results with same store revenue increasing by 2.7%. The company acquired fourteen properties for approximately $1.26 billion and issued $600 million of unsecured notes. The business benefits from high employment levels among its resident base and limited home ownership options.

Equity Residential reported strong second-quarter results, exceeding expectations and raising full-year guidance. Key drivers include robust demand, modest supply, and improved operating efficiency.

Equity Residential reported strong first-quarter results, driven by healthy demand and modest supply across most of its markets. Same-store revenue increased by 4.1%, and Normalized FFO per share reached $0.93, reflecting the company's focus on expense efficiency and limited exposure to higher interest rates.

Equity Residential reported solid fourth-quarter results, with same-store revenue growth of 3.9% driven by strong demand. The company sold three properties in West Coast markets for $184.5 million and repurchased 864,386 common shares for $49.1 million during the quarter. Guidance for full year 2024 includes same-store revenue growth between 2.0% and 3.0%.

Equity Residential reported its Q3 2023 results, noting a same-store revenue increase of 4.1%. The company acquired two apartment properties in suburban Atlanta and sold one in Seattle during the quarter. Full-year guidance was revised, with same-store revenue growth expected to be 5.5%.

Equity Residential reported second quarter 2023 results with EPS of $0.37, FFO per share of $0.93, and Normalized FFO per share of $0.94. Same store revenue increased 5.5%. Guidance was updated, reflecting strong demand in coastal markets and favorable refinancing activity.

Equity Residential reported a strong first quarter in 2023, driven by robust demand and improvements in delinquency, particularly in Southern California. The company saw increases in EPS, FFO per share, and normalized FFO per share compared to the same period in 2022. Same-store revenue also increased, while expense growth was higher than expected due to specific factors like California rain storms.

Equity Residential reported strong Q4 2022 results, with EPS at $0.42, FFO per share at $0.97, and Normalized FFO per share at $0.94. The company expects continued above trend same store operating results in 2023, driven by solid demand and limited expense growth.

Equity Residential reported strong third quarter results driven by healthy demand and an affluent resident base with growing incomes. The company experienced an 11.8% increase in same store revenue and expects full year same store revenue growth to be approximately 10.6%.

Equity Residential reported strong Q2 2022 results, driven by robust demand and continued cost controls. The company delivered a 13.6% increase in same-store revenue and raised its full-year same-store revenue, NOI, and Normalized FFO guidance.

Equity Residential reported a strong first quarter in 2022, with EPS of $0.19, FFO per share of $0.77, and Normalized FFO per share of $0.77. Revenue growth was driven by exceptionally strong demand, partially offset by higher than anticipated levels of new delinquency in Southern California. The company also saw same store NOI growth of 10.7% due to muted property tax increases and continuing efficiencies from innovation initiatives.

Equity Residential reported strong Q4 2021 results, driven by robust demand and high occupancy. EPS was $1.40, FFO per share was $0.76, and Normalized FFO per share was $0.82. The company's capital allocation plan remains on track with acquisitions in expansion markets and dispositions in established markets.

Equity Residential reported strong Q3 2021 results with positive total same store revenue growth, driven by strong Physical Occupancy and continued improvement in pricing power. The company acquired eight operating properties and sold five California operating properties during the quarter. Full year guidance ranges were raised as the strong recovery continues across the portfolio.

Equity Residential reported strong second quarter results driven by an accelerating economy and the reopening of cities. Operations continue to recover rapidly with robust demand for apartments, leading to high occupancy and increased pricing power. The company raised its annual guidance ranges for same store revenues and NOI, as well as EPS, FFO per share and Normalized FFO per share, and reduced the range for same store expenses.

Equity Residential reported first quarter 2021 results, with EPS at $0.15, FFO per share at $0.67, and Normalized FFO per share at $0.68. The company raised its full year same store revenue guidance range by 100 basis points to -6.0% to -8.0%.

Equity Residential reported a decrease in EPS, FFO per share, and Normalized FFO per share for Q4 2020 compared to Q4 2019. The company sold Vantage Pointe for $312.5 million and two land parcels for $55.5 million during the quarter. They are optimistic about recovery in 2021.

Equity Residential reported challenging and widely varying operating results for Q3 2020, with suburban portfolios performing better than urban cores, which were affected by pandemic-related economic reductions. The company collected approximately 97% of expected residential revenues and reduced total debt by over $600 million using proceeds from property dispositions.

Equity Residential reported results for the quarter ended June 30, 2020. EPS was $0.70, FFO per share was $0.86, and Normalized FFO per share was $0.86. The Company experienced a recovery in demand by late May 2020 and collected on average 97% of its total monthly Residential rental income during the second quarter of 2020.

Equity Residential reported its Q1 2020 results, highlighting its efforts to support residents, employees, and communities during the COVID-19 pandemic. The company withdrew its full-year 2020 earnings guidance due to the uncertainty caused by the pandemic.

Equity Residential reported strong Q4 2019 results, with same store revenue growth of 3.2% and Normalized FFO per share growth of 8.3%. The company acquired three apartment properties for approximately $370.1 million and sold two properties for approximately $374.0 million.