Equity Residential (EQR) is expanding its operations into Denver, Atlanta, Dallas/Ft. Worth, and Austin, aiming to diversify its portfolio. The company reported robust occupancy rates and rental growth in Q1 2025, with occupancy over 95% in June, representing a year-over-year increase of 140 basis points. Furthermore, the U.S. apartment market absorbed over 227,000 units from April to June 2025, even amidst economic uncertainty.
The firm estimates a year-over-year growth in same-store revenues of 2.25% to 3.25% for 2025, alongside an anticipated increase in same-store net operating income (NOI) by 2.2%. As of March 31, 2025, Equity Residential boasted nearly $2.2 billion in liquidity and a net debt to normalized EBITDAre ratio of 4.21X, signifying a solid financial standing. Despite a 3.6% decline in share prices over the past six months, the stock holds a Zacks Rank of #2 (Buy).
