Equity Residential stock drifts up after Q1 results beat [Seeking Alpha]
Equity Residential Common Shares of Beneficial Interest (EQR)
Last equity residential common shares of beneficial interest earnings: 1/28 04:16 pm
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US:NYSE Investor Relations:
investors.equityapartments.com
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Source: Seeking Alpha
“The positive demand dynamics in our affluent renter demographic, limited new apartment supply in our existing predominantly coastal markets and our laser focus on expense management continue to produce good results,” said President and CEO Mark J. Parrell. For Q2, the apartment REIT expects normalized FFO per share of $0.92-$0.96, in line with the $0.96 consensus. That's a midpoint of $0.94 (vs. $0.93 in Q1) as same-store net operating income is expected to increase. Q1 normalized FFO of $0.93, exceeding the $0.91 Wall Street consensus, fell from $1.00 in Q4 2023 and advanced from $0.87 a year before. Same-store revenue rose 4.1% from a year ago, driven by healthy demand and modest supply across most EQR markets. Same-store expense increased 1.3% with low or negative growth in our primary expense categories. Same-store physical occupancy was 96.4% in April compared with 95.8% in Q4 2023 and 96.3% in Q1 2023. During the quarter, Equity Residential ( EQR ) sold sold three pr
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News
- 4 REITs With New Price Target Increases [Yahoo! Finance]Yahoo! Finance
- Equity Residential (NYSE: EQR) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $68.00 price target on the stock.MarketBeat
- Equity Residential (NYSE: EQR) had its price target raised by analysts at Piper Sandler from $62.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
- Equity Residential (NYSE:EQR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Equity Residential (NYSE: EQR) had its price target raised by analysts at Evercore ISI from $67.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
EQR
Earnings
- 4/23/24 - Miss
EQR
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/26/24 - Form 144
- EQR's page on the SEC website