Street Calls of the Week
CHICAGO - Equity Residential (NYSE:EQR), a $25.2 billion market cap residential REIT with a 4.2% dividend yield, confirmed Tuesday that its same store revenue growth remains on track within the previously announced guidance range, according to a company update on operating trends.
The residential property owner said it is concluding its primary leasing season with high physical occupancy and strong tenant retention. The company continues to expect same store revenue growth of 2.6% to 3.2% and physical occupancy of 96.4% for the full year 2025.
Additionally, Equity Residential reaffirmed its third quarter 2025 blended rate growth guidance of 2.2% to 2.8%. The blended rate represents the weighted average of new lease changes and renewal rates achieved.
The S&P 500 company owns or has investments in 317 properties consisting of 85,936 apartment units. Equity Residential maintains an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, with an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.
The guidance reaffirmation follows the company’s second quarter 2025 earnings release published on August 4, 2025, according to the press release statement.
In other recent news, Equity Residential reported strong financial results for the second quarter of 2025. The company posted earnings per share (EPS) of $0.50, surpassing the anticipated $0.33. This represents a 51.52% surprise in EPS, attributed to strategic operational improvements. Additionally, Piper Sandler has maintained an Overweight rating on Equity Residential, setting a price target of $80.00. The research firm highlighted that while Equity Residential’s stock has experienced a decline, it has not been as severe as that of SLG. These developments offer insights into the company’s current performance and market perception.
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