Financial Forecast2025 forecasted embedded growth is estimated at 0.7%-1.0%, which is below the Morgan Stanley estimate of 1.2%.
Lease GrowthNew lease growth decelerated to -1.2% compared to 0.2% in the previous quarter, with management noting quicker than anticipated deceleration, especially in Los Angeles and Expansion Markets.
Stock PerformanceShares of EQR have lagged its apartment peers and is the second worst performing.