Loading...
•
Sep 30, 2021
Equity Residential Q3 2021 Earnings Report
Reported strong third quarter results, driven by rapid recovery and upward guidance revisions.
Key Takeaways
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.
Achieved positive quarter over quarter total same store revenue growth for the first time since the pandemic began.
Collected approximately 97% of expected Residential revenues in the third quarter of 2021.
Acquired eight operating properties for approximately $740.2 million, re-entering Austin and Dallas/Ft. Worth, TX markets.
Sold five California operating properties for approximately $612.3 million.
Revenue by Geographic Location
Forward Guidance
The Company has established guidance ranges for the fourth quarter of 2021 EPS, FFO per share and Normalized FFO per share.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...