Welcome to our dedicated page for Equity Residential news (Ticker: EQR), a resource for investors and traders seeking the latest updates and insights on Equity Residential stock.
Equity Residential (EQR), a proud member of the S&P 500, is dedicated to fostering communities where residents can thrive. Specializing in the acquisition, development, and management of high-quality residential properties, Equity Residential has a significant presence in key metropolitan areas that attract long-term renters.
The company owns or has investments in 305 properties, encompassing 78,568 apartment units situated in vibrant cities such as Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California, and Denver. As part of its growth initiative, Equity Residential is also developing two additional properties with a total of 537 units.
Equity Residential focuses on owning and managing large, high-quality properties within the urban and suburban submarkets of these dynamic regions. Their portfolio includes 302 apartment communities with approximately 80,000 units. The company's strategic locations and quality properties ensure they remain a top choice for residents seeking urban living in prime locations.
Financially stable and continually evolving, Equity Residential prides itself on its consistent performance and robust portfolio. The company remains committed to enhancing its communities and delivering exceptional living experiences to residents. With a focus on sustainability and modern amenities, Equity Residential continues to be a leader in the residential property market.
Equity Residential (EQR) reported strong financial results for Q1 2023, with earnings per share (EPS) of $0.56, a remarkable 194.7% increase from $0.19 in Q1 2022. Funds from Operations (FFO) per share rose by 10.4% to $0.85, while Normalized FFO increased 13.0% to $0.87. Same store revenues surged 9.2%, driven by robust demand and improved delinquency rates in Southern California. However, same store expenses grew 7.2%, influenced by higher maintenance costs due to severe weather. The company also sold seven properties in LA for approximately $135.3 million and acquired a 262-unit property in Atlanta for $78.6 million. A 6.0% dividend increase reflects confidence in its business outlook. Q2 2023 guidance estimates EPS between $0.59 and $0.63, with anticipated growth in FFO and Normalized FFO.
Equity Residential (NYSE: EQR) will announce its first quarter 2023 operating results on
Equity Residential operates in the residential property sector, focusing on acquisitions and management in affluent urban areas. The company owns or has investments in 308 properties, totaling 79,594 apartment units, primarily in cities like Boston, New York, Washington D.C., Seattle, San Francisco, and Southern California, with recent expansions in Denver, Atlanta, Dallas/Ft. Worth, and Austin.
Equity Residential (NYSE: EQR) announced a 6.0% increase in its annualized dividend, now set at
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