Summary
EQR Chart
Equity Residential: One Of America's Best Apartment REITs Is On Sale
Equity Residential is a high-quality REIT trading at a discount due to short-term supply and demand concerns, creating a buying opportunity. EQR boasts a strong balance sheet, high occupancy, premium assets, and a secure, growing dividend yield near five-year highs. Despite modest guidance cuts, EQR expects steady FFO growth, benefits from demographic trends, and offers a compelling rent-versus-own value proposition.
Equity Residential (EQR) Q3 2025 Earnings Call Transcript
Equity Residential ( EQR ) Q3 2025 Earnings Call October 29, 2025 11:00 AM EDT Company Participants Marty McKenna - First Vice President of Investor & Public Relations Mark Parrell - President, CEO & Trustee Michael Manelis - Executive VP & COO Bret McLeod - Executive VP & CFO Robert Garechana - Executive VP & Chief Investment Officer Conference Call Participants Nicholas Joseph - Citigroup Inc., Research Division Steve Sakwa - Evercore ISI Institutional Equities, Research Division Alexander Goldfarb - Piper Sandler & Co., Research Division Jana Galan - BofA Securities, Research Division Brad Heffern - RBC Capital Markets, Research Division Adam Kramer - Morgan Stanley, Research Division John Pawlowski - Green Street Advisors, LLC, Research Division Ami Probandt - UBS Investment Bank, Research Division Haendel St. Juste - Mizuho Securities USA LLC, Research Division Richard Hightower - Barclays Bank PLC, Research Division James Feldman - Wells Fargo Securities, LLC, Research Division John Kim - BMO Capital Markets Equity Research Alex Kim - Zelman & Associates LLC Omotayo Okusanya - Deutsche Bank AG, Research Division Presentation Operator Good day, and welcome to the Equity Residential Third Quarter 2025 Earnings Conference Call and Webcast. Today's conference is being recorded.
Equity Residential Q3 FFO Meets Estimates, Rental Income Rises Y/Y
EQR posts solid Q3 results with FFO up 4.1% year over year and rental income surpassing estimates, driven by higher occupancy and rents.
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Equity Residential Profile
| - Industry | - Sector | Mark J. Parrell CEO | NYSE Exchange | 29476L107 CUSIP |
| US Country | 2,500 Employees | 25 Sep 2025 Last Dividend | 12 Oct 2001 Last Split | 11 Aug 1993 IPO Date |
Overview
Equity Residential is a distinguished real estate investment trust (REIT) specializing in the ownership, development, and management of residential properties. Positioned within the S&P 500, the company stands out for its strategic focus on upscale urban living, catering to affluent renters seeking long-term accommodation. With a robust portfolio of 305 properties encompassing 80,683 apartment units, Equity Residential boasts a significant footprint in several of the United States' most dynamic cities. Its established markets include Boston, New York, Washington, D.C., Seattle, San Francisco, and Southern California, with growing interests in Denver, Atlanta, Dallas/Ft. Worth, and Austin. The company’s mission revolves around fostering community environments where residents can not only live but thrive, highlighting its commitment to enhancing quality of life within its properties.
Products and Services
- Acquisition
Equity Residential focuses on acquiring high-quality residential properties situated in and around urban centers known for their dynamic lifestyle and economic opportunities. These acquisitions are carefully selected to align with the company's strategy of investing in locations that appeal to affluent, long-term renters.
- Development
The company is actively involved in the development of residential properties. This includes designing and constructing new apartment buildings that meet the high standards of sustainability, comfort, and aesthetics expected by their target demographic. Equity Residential's developments are strategically located to take advantage of the vibrant city life and amenities coveted by modern renters.
- Management
Management of residential properties forms the core of Equity Residential's offerings. The company prides itself on providing exceptional living experiences through attentive property management. This encompasses everything from maintaining the physical integrity of the buildings to ensuring resident satisfaction through various services and amenities. The goal is to create harmonious communities where people appreciate living.
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