Equity Residential reports results for the quarter ended June 30 - Earnings Summary

Vivmark Residential

04/08/2025 23:01

Equity Residential EQR.N reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 47 cents.  The mean expectation of twelve analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 29 cents to 72 cents per share.

Revenue rose 4.7% to $768.83 million from a year ago; analysts expected $770.25 million.

Equity Residential's reported EPS for the quarter was 50 cents​.

The company reported quarterly net income of $192 million.

Equity Residential shares had fallen by 7.0% this quarter and lost 12.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "buy"

Wall Street's median 12-month price target for Equity Residential is $76.50, about 18.1% above its last closing price of $62.67

This summary was machine generated from LSEG data August 4 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.98
0.99
Beat
Mar. 31 2025
0.94
0.95
Beat
Dec. 31 2024
1.01
1.00
Missed
Sep. 30 2024
0.98
0.98
Met