EQR Stock Recent News

The headline numbers for Equity Residential (EQR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Equity Residential (EQR) came out with quarterly funds from operations (FFO) of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to FFO of $0.94 per share a year ago.

Equity Residential's (EQR) Q2 results are likely to benefit from its portfolio diversification efforts and technology investments amid healthy demand, though high supply is likely to have partly dampened the positives.

Beyond analysts' top -and-bottom-line estimates for Equity Residential (EQR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Equity Residential's (EQR) portfolio diversification efforts, technology initiatives and decent financial position bode well for growth despite higher deliveries and elevated interest rates.

Healthy demand for rental units in its markets is likely to aid Equity Residential (EQR). Portfolio diversification efforts, technology initiatives to drive margins and a decent financial position bode well.

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that the Company will release its second quarter 2024 operating results on Monday, July 29, 2024 after the close of market and host a conference call to discuss those results on Tuesday, July 30, 2024 at 10:00 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential Equity Residential is committed to creating communities where people thri.

Due to the current high interest rate environment, most real estate stocks are trading below or at fair value. Moreover, there has been a lot of fear about the real estate market over the past couple of years.

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the second quarter of $0.675 per share will be paid on July 12, 2024 to shareholders of record on July 1, 2024. A quarterly dividend of $1.03625 per share will be paid on July 1, 2024 to shareholders of record on June 20, 2024 of the Company's Series K Preferred Shares. About Equity Resi.

Equity Residential is a solid buy for investors due to its A-rating, over 4.1% yield, and low debt. The company is undervalued compared to historicals and benefits from the overall undersupply of housing and strong demand for rental housing. EQR has potential upside with a growth estimate of 3-5% and expects higher-end guidance range results for 2024E.