Equity Residential Q3 EPS doubles on strong San Francisco, New York performance

Vivmark Residential

28/10/2025 20:36

Overview

Equity Residential Q3 EPS rises 100% yr/yr, driven by higher property sale gains

Company repurchased 1.5 mln shares for $99.1 mln, reflecting active portfolio management

Q3 revenue growth driven by strong performance in San Francisco and New York

Outlook

Equity Residential revises full-year 2025 EPS guidance to $2.52-$2.56 from $2.96-$3.02

Company sees full-year 2025 FFO per share at $3.98-$4.02, down from $4.03-$4.09

Equity Residential maintains full-year 2025 Normalized FFO per share guidance at $3.98-$4.02

Result Drivers

URBAN MARKET PERFORMANCE - Strong performance in San Francisco and New York drove Q3 revenue growth by 3%

HIGH RETENTION RATE - Achieved highest Q3 resident retention rate in company history, supporting stable occupancy

PORTFOLIO MANAGEMENT - Acquired a 375-unit property in Arlington, TX, and sold two properties for $247.9 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.76


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 14 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy"

Wall Street's median 12-month price target for Equity Residential is $74.00, about 14.4% above its October 27 closing price of $63.31

The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 46 three months ago

Press Release: ID:nBw7cHbcca

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)