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Equity Residential (EQR)
NYSE:EQR
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.77Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: 5.46%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
Equity Residential showed strong operational performance with record low turnover and significant expansion market transactions. However, challenges remain in expansion markets with elevated supply and potential impacts from the fires in Los Angeles. Revenue growth is expected in key markets like Seattle and San Francisco, highlighting a positive outlook despite some uncertainties.Company Guidance
In their Q4 2024 earnings call, Equity Residential provided detailed guidance for 2025, highlighting several key metrics. They anticipate same-store revenue growth between 2.25% and 3.25%, with same-store expense growth expected to range from 3.5% to 4.5%. The company's outlook is underpinned by a strong demand from office-using job growth, particularly on the West Coast, and a low unemployment rate of 2.4% among college graduates. Equity Residential aims to acquire $1.5 billion in assets while disposing of $1 billion in 2025, targeting an expansion of their net operating income exposure in high-growth markets like Atlanta, Austin, Dallas, and Denver to 20-25%. Despite some uncertainties, the company remains optimistic, supported by a fortress balance sheet and strategic capital allocation plans.Record Low Turnover
Equity Residential reported a full year turnover of 42.5%, the lowest in its 30-year history as a public company, demonstrating success in creating remarkable resident experiences.
Strong Expansion Market Transactions
Equity Residential invested almost $2 billion in acquisitions and delivered development projects in expansion markets, while disposing of about $1 billion of older assets in coastal markets during 2024.
Positive Outlook for West Coast Markets
Seattle and San Francisco expected to lead revenue growth with approximately 4% and mid-3% growth respectively, driven by improving job growth and quality of life.
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EQR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EQR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 03, 2025 | $70.33 | $70.62 | +0.41% |
| Oct 30, 2024 | $73.25 | $69.71 | -4.83% |
| Jul 29, 2024 | $70.00 | $68.31 | -2.41% |
| Apr 23, 2024 | $61.35 | $62.83 | +2.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equity Residential (EQR) report earnings?
Equity Residential (EQR) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Equity Residential (EQR) earnings time?
Equity Residential (EQR) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EQR EPS forecast?
EQR EPS forecast for the fiscal quarter 2025 (Q1) is 0.29.
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