Equity Residential - EQR STOCK NEWS

Equity Residential (NYSE: EQR) reported Q2 2021 results showing an EPS of $0.84, up 20% from $0.70 in Q2 2020. However, FFO per share decreased to $0.78, down 9.3% from $0.86. Despite lower normalized FFO and revenue declines, the company raised its annual same-store revenue guidance to a 5% to 4% decline. Strong occupancy rates reached 96.1%, reflecting a recovery from the pandemic, and acquisitions totaled 1,894 units for $645.7 million. Full-year guidance for EPS is now $3.03 to $3.13, indicating improved expectations for revenue and NOI.

Equity Residential (NYSE: EQR) announced the release of its second quarter 2021 operating results on July 27, 2021, after market close. A conference call to discuss these results is scheduled for July 28, 2021, at 10:00 AM Central, accessible via the Investor section of www.equityapartments.com. Equity Residential, a member of the S&P 500, manages 304 properties with 78,229 apartment units across major cities, emphasizing a commitment to creating thriving communities for long-term renters.

Equity Residential (EQR) declared its quarterly dividend, announcing a common share dividend of $0.6025 per share, payable on July 9, 2021, to shareholders of record on June 28, 2021. Additionally, a quarterly dividend of $1.03625 per share for the Series K Preferred Shares will be distributed on June 30, 2021, to those on record as of June 18, 2021. The company, a member of the S&P 500, manages 304 properties with a total of 78,229 apartment units across major U.S. cities.

Equity Residential (NYSE: EQR) announced its Q1 2021 results, reporting an Earnings Per Share (EPS) of $0.15, a decline from $0.83 in Q1 2020. This reflects a drop of $0.68, translating to a 82% decrease year-over-year. The company has made its Q1 2021 Management Presentation available on its website, providing additional insights into its operational performance during the first quarter.

Equity Residential (NYSE: EQR) is set to release its Q1 2021 operating results on April 27, 2021, after market close. A conference call is scheduled for April 28, 2021, at 10:00 am Central, to discuss these results. Investors can access the call via webcast on the company's investor relations website. Equity Residential is a member of the S&P 500, owning or investing in 304 properties with 77,889 apartment units in major cities including Boston, New York, and San Francisco, focused on high-quality long-term renters.

Equity Residential (EQR) declared quarterly dividends for its common and preferred shares. The common share dividend is set at $0.6025 per share, payable on April 9, 2021, to shareholders of record by March 29, 2021. Additionally, a dividend of $1.03625 per share for Series K Preferred Shares will be paid on March 31, 2021, to record holders on March 19, 2021. The Company’s Annual Meeting of Shareholders is scheduled for June 17, 2021, allowing eligible voters to participate.

Equity Residential (NYSE: EQR) announced that its senior management, including President and CEO Mark J. Parrell, will participate in a roundtable discussion at the 2021 Citi Global Property CEO Conference on March 10 at 9:00 a.m. ET. This event will be available via live webcast. Equity Residential focuses on acquiring, developing, and managing residential properties in major cities, owning or having investments in 304 properties with 77,889 apartment units in key locations like Boston, New York, and San Francisco. For more details, visit www.equityapartments.com.

Equity Residential (NYSE: EQR) reported positive trends in its Residential operations for February 2021. The company experienced increased demand, with more Move Ins than Move Outs, resulting in a Physical Occupancy of 95.3%, up from 94.4% in December 2020. Additionally, leasing concessions have decreased, and rental rates showed improvement, with the February blended rate at (11.5%). The renewal rate reached 54%. The data indicates strong demand in apartment units despite ongoing challenges from the COVID-19 pandemic.

Equity Residential (EQR) announced its Q4 2020 results, showing a decline in earnings per share (EPS) to $0.68, down 11.7% from Q4 2019. Funds from Operations (FFO) per share also decreased by 15.1% to $0.73. For the full year, EPS fell 5.8% to $2.45, while FFO decreased by 5.3%. However, the company reported a 0.9% increase in same-store physical occupancy and collected approximately 97% of expected residential revenues. Looking ahead, EQR projects improved financial results in 2021, with guidance for EPS between $2.55 and $2.75.