Equity Residential (EQR) Company Overview

EQR's results for the fourth quarter show an increase in revenue from existing stores, which is helped by a limited number of units available, leading to high occupancy rates.

While the revenue and earnings per share (EPS) for Equity Residential (EQR) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Equity Residential (EQR) reported quarterly funds from operations (FFO) of $1 per share, matching the Zacks Consensus Estimate. This is the same as the FFO of $1 per share from the previous year.

Equity Residential (EQR -0.43%), a major company in the multifamily real estate market, announced its fourth-quarter results on February 3. The company's earnings per share (EPS) were $1.10, significantly higher than the analysts' expected $0.41.

Even with a large supply, EQR's results for the fourth quarter are expected to improve due to its efforts in diversifying its portfolio and investing in technology, all while there is strong demand.

EQR enjoys strong demand from renters and has made smart changes to its portfolio. However, it faces difficulties due to a rise in supply and higher interest costs.

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) has announced that it will share its fourth quarter 2024 operating results on Monday, February 3, 2025, after the market closes. A conference call to discuss these results will take place on Tuesday, February 4, 2025, at 10:00 am Central, and it can be accessed through a webcast on the Investor section of www.equityapartments.com. Equity Residential focuses on building communities for people.

Equity Residential has a "hold" rating because it is fairly valued, offers a stable and increasing dividend, and has the potential for long-term returns of 8-9%. Its emphasis on established markets such as New York City and San Francisco has helped it avoid the oversupply of apartments in the Sun Belt, which supports rent growth. Additionally, strong lease renewals and high occupancy levels are driven by the unaffordability of housing and high mortgage rates, which boosts demand for rentals.

Equity Residential is a good choice for those seeking stability, income, and long-term growth, as it targets wealthy renters in competitive coastal areas. The company has shown strong performance, with steady revenue and funds from operations growth, backed by positive supply and demand trends and a strong A-rated balance sheet. Additionally, the 3.8% dividend yield is secure and appealing, offering the possibility of reliable long-term returns.