Equity Residential Prepares for Q1 2025 Earnings Release

Equity Residential (EQR), a prominent publicly traded multi-family REIT, boasts a market capitalization of $23.7 billion. Specializing in high-quality residential properties, its portfolio encompasses 311 properties and 84,249 units across major U.S. cities. The company is firmly established in key markets and is expanding its footprint in Denver, Atlanta, Dallas/Ft. Worth, and Austin. EQR is anticipated to announce its fiscal Q1 2025 earnings results on Tuesday, April 22.

Analysts Project Steady Financial Performance

Leading up to the earnings release, analysts predict that Equity Residential will report a normalized FFO of $0.93 per share, consistent with the prior year’s figures for the same quarter. The company has consistently met or exceeded Wall Street’s bottom-line estimates over the last four quarterly reports, including the Q4 2024 results where it matched the consensus NFFO estimate.

For fiscal 2025, forecasts estimate an NFFO of $3.97 per share, reflecting a growth of 2.1% from $3.89 in fiscal 2024.

Stock Performance Compared to Market Indexes

Over the past year, Equity Residential has seen a slight decline, underperforming relative to the broader S&P 500 Index’s ($SPX) modest gains. The Stock has closely mirrored the Real Estate Select Sector SPDR Fund’s (XLRE) subtle dip during the same period.

Fourth Quarter 2024 Highlights

Following its Q4 2024 earnings release on February 3, shares of EQR recovered slightly. The company reported a normalized FFO per share of $1, aligning with consensus estimates, alongside rental income of $766.8 million, which surpassed forecasts. Additionally, same-store revenue rose by 2.4% year-over-year, with a robust physical occupancy rate at 96.1%, just above expectations. For full-year 2024, EQR recorded a normalized FFO of $3.89 and experienced 3.7% growth in rental income. Looking ahead, the company’s guidance for 2025 suggests normalized FFO per share between $3.90 and $4, along with anticipated same-store revenue growth.

Analyst Ratings and Market Outlook

Analysts display a cautiously optimistic consensus regarding Equity Residential’s stock, assigning an overall “Moderate Buy” rating. Among the 26 analysts following the Stock, 10 have rated it as a “Strong Buy,” one as a “Moderate Buy,” and 15 recommend a “Hold.” Currently, EQR trades below the average analyst price target of $77.77.

On the date of publication, Sohini Mondal did not hold positions in any securities mentioned herein. The information provided is solely for informational purposes. For more details, please view the Barchart Disclosure Policy here.

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