Profile
Sector:
Real EstateIndustry:
ResidentialCountry:
United StatesIPO:
12 August 1993Website:
http://www.equityapartments.comNext earnings report:
N/ALast dividends:
24 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:58:02 GMTAnalysts recommendations
Institutional Ownership
EQR Latest News
Equity Residential (NYSE:EQR) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 11:30 AM ET. The call will feature several company executives, including the CEO and CFO, as well as participants from various financial institutions. The operator welcomes everyone to the call, which is being recorded.
EQR's results for the third quarter show good performance in their existing stores, supported by strong demand and limited supply.
The main figures for Equity Residential (EQR) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare these important metrics with Wall Street predictions and the results from the same period last year.
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) has announced its financial results for the third quarter and the first nine months of 2024, which can be found on their website. For the quarter ending September 30, 2024, the Earnings Per Share (EPS) was $0.38, down from $0.45 in 2023. This reflects a decrease in earnings compared to the previous year.
The real estate market is staying strong and showing good stability compared to the overall market. The Real Estate Select Sector SPDR Fund ETF NYSE: XLRE is holding steady close to its highest point, only 2.7% below its peak from the past year, which could lead to a significant rise in the last quarter of the year.
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR), a well-known leader in corporate responsibility, has released its 2024 Corporate Responsibility report. This report outlines the company's approaches to sustainability, employee growth, customer interaction, community involvement, and governance, along with its objectives and successes in these fields. "We are happy to present our 11th annual report on corporate responsibility," the company stated.
Even with a large supply, EQR's results for the third quarter are expected to improve due to its efforts in diversifying its portfolio and investing in technology, all while there is strong demand.
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) has announced that it will share its third quarter 2024 operating results on Wednesday, October 30, 2024, after the market closes. A conference call to discuss these results will take place on Thursday, October 31, 2024, at 10:30 a.m. Central Time, and it can be accessed through a webcast on the Investor section of www.equityapartments.com. Equity Residential focuses on building communities for people.
EQR's plan to focus on wealthy renters and diversify its portfolio has advantages. However, there is a worry about the high number of rental units available.
Equity Residential targets specific markets in vibrant and attractive cities where home prices are high compared to incomes. The company gains from renters who prefer renting over buying for financial reasons, but it may encounter issues with renters becoming tired of renting. Although it has high occupancy rates and a history of increasing dividends, its high valuation might put off some investors, particularly during uncertain economic periods.
What type of business is Equity Residential?
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 299 properties consisting of 79,738 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.
What sector is Equity Residential in?
Equity Residential is in the Real Estate sector
What industry is Equity Residential in?
Equity Residential is in the Residential industry
What country is Equity Residential from?
Equity Residential is headquartered in United States
When did Equity Residential go public?
Equity Residential initial public offering (IPO) was on 12 August 1993
What is Equity Residential website?
https://www.equityapartments.com
Is Equity Residential in the S&P 500?
Yes, Equity Residential is included in the S&P 500 index
Is Equity Residential in the NASDAQ 100?
No, Equity Residential is not included in the NASDAQ 100 index
Is Equity Residential in the Dow Jones?
No, Equity Residential is not included in the Dow Jones index
When was Equity Residential the previous earnings report?
No data
When does Equity Residential earnings report?
Next earnings report date is not announced yet