Welcome to our dedicated page for Equity Residential news (Ticker: EQR), a resource for investors and traders seeking the latest updates and insights on Equity Residential stock.
Equity Residential (NYSE: EQR) generates a steady flow of news related to its multifamily real estate operations, financial performance and corporate responsibility initiatives. As a member of the S&P 500 focused on the acquisition, development and management of rental apartment communities in and around dynamic cities, the company regularly issues updates that are relevant to investors following the U.S. residential real estate market.
News items for Equity Residential frequently include quarterly earnings releases that detail rental income, same store revenues and expenses, Net Operating Income (NOI), Funds from Operations (FFO) per share and Normalized FFO per share. The company also announces guidance for same store operating performance, physical occupancy and key per-share metrics, along with commentary on operating fundamentals across its markets.
In addition to earnings, Equity Residential’s news covers portfolio activity such as acquisitions of apartment properties, dispositions of selected assets and the completion of development projects in markets including San Francisco, Denver, New York and Atlanta. The company also reports on capital markets actions, including unsecured note issuances and share repurchases, as well as regular quarterly dividends on its common and preferred shares.
Corporate responsibility is another recurring theme in Equity Residential’s news. The company publishes a Corporate Responsibility report describing its strategies around sustainability, employee development, customer engagement, community service and governance, and it highlights recognitions from sustainability and responsible business indices and rankings. Investors and observers can use this news stream to monitor Equity Residential’s operating trends, portfolio evolution, capital allocation and non-financial initiatives over time.
Equity Residential (EQR) reported strong financial results for Q1 2023, with earnings per share (EPS) of $0.56, a remarkable 194.7% increase from $0.19 in Q1 2022. Funds from Operations (FFO) per share rose by 10.4% to $0.85, while Normalized FFO increased 13.0% to $0.87. Same store revenues surged 9.2%, driven by robust demand and improved delinquency rates in Southern California. However, same store expenses grew 7.2%, influenced by higher maintenance costs due to severe weather. The company also sold seven properties in LA for approximately $135.3 million and acquired a 262-unit property in Atlanta for $78.6 million. A 6.0% dividend increase reflects confidence in its business outlook. Q2 2023 guidance estimates EPS between $0.59 and $0.63, with anticipated growth in FFO and Normalized FFO.
Equity Residential (NYSE: EQR) will announce its first quarter 2023 operating results on
Equity Residential operates in the residential property sector, focusing on acquisitions and management in affluent urban areas. The company owns or has investments in 308 properties, totaling 79,594 apartment units, primarily in cities like Boston, New York, Washington D.C., Seattle, San Francisco, and Southern California, with recent expansions in Denver, Atlanta, Dallas/Ft. Worth, and Austin.
Equity Residential (NYSE: EQR) announced a 6.0% increase in its annualized dividend, now set at
Equity Residential (NYSE: EQR) has released an updated Investor Presentation ahead of its upcoming investor meetings. Interested parties can view the presentation on the company’s investor webpage at www.equityapartments.com. As a member of the S&P 500, Equity Residential specializes in the acquisition, development, and management of residential properties primarily located in urban areas. The company owns or has investments in 308 properties, totaling 79,597 apartment units across key markets including Boston, New York, Washington D.C., and San Francisco, among others.
Equity Residential (NYSE: EQR) reported its 2022 results, highlighting a significant decrease in EPS to $2.05, down 42.1% from 2021. However, FFO per share rose by 19.3% to $3.53. The company anticipates strong growth in 2023 with same store revenue growth projected between 4.5% and 6.0%. Notably, the company sold $633.2 million in non-core properties to improve liquidity, and it established a new $2.5 billion revolving credit facility. Despite strong fundamentals, projected revenue growth may be negatively affected by 0.9% due to bad debt issues. The first quarter of 2023 EPS guidance ranges from $0.28 to $0.32.
Equity Residential (NYSE: EQR) will release its fourth quarter 2022 operating results on February 9, 2023, after market close. A conference call to discuss these results is scheduled for February 10, 2023, at 10:00 a.m. Central. The live webcast will be accessible via the investor section of www.equityapartments.com. As a member of the S&P 500, Equity Residential focuses on the acquisition, development, and management of residential properties appealing to affluent long-term renters.
Equity Residential (NYSE: EQR) has declared its fourth-quarter dividend for common shares at
Equity Residential (NYSE: EQR) announced that its senior management team, including President and CEO Mark J. Parrell, will participate in the Nareit REITWorld Annual Conference on November 15-16, 2022. In conjunction with this event, the Company has released an Investor Update available on its website. Equity Residential focuses on acquiring, developing, and managing residential properties in dynamic urban areas, owning or investing in 308 properties with 79,594 apartment units across cities like Boston, New York, and San Francisco.
Equity Residential (EQR) reported Q3 2022 results showcasing EPS of $0.86, down 25.2% from $1.15 in 2021, while FFO per share increased by 18.4% to $0.90. Same store revenue surged by 11.8%, reflecting strong leasing demand. The company anticipates full-year same store revenue growth around 10.6%, exceeding previous estimates. Notably, two properties were sold for $480.5 million, funding debt repayments to enhance financial stability. Despite challenging markets in San Francisco and Seattle, EQR remains optimistic about future performance.
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