Equity Residential Reaffirms 2025 Same Store Revenue Growth Guidance, Expects 96.4% Physical Occupancy Rate

Equity Residential expects 2025 same-store revenue growth of 2.6%-3.2%, maintains a Physical Occupancy rate of 96.4% for the full year, and reaffirms Q3 2025 Blended Rate growth guidance of 2.2%-2.8%. The company owns or has investments in 317 properties with 85,936 apartment units across major US cities and is expanding in Denver, Atlanta, Dallas/Ft. Worth, and Austin.

Equity Residential (NYSE: EQR), a leading residential real estate investment trust (REIT), has reaffirmed its expectations for the year 2025, with same-store revenue growth projected to be between 2.6% and 3.2%. The company also maintains a physical occupancy rate of 96.4% for the full year and reaffirms its third-quarter 2025 blended rate growth guidance of 2.2% to 2.8% [1].

Equity Residential owns or has investments in 317 properties consisting of 85,936 apartment units, with a strong presence in major U.S. cities such as Boston, New York, Washington, D.C., Seattle, San Francisco, and Southern California. The company is expanding its footprint in Denver, Atlanta, Dallas/Ft. Worth, and Austin [2].

The company's reaffirmation of its guidance follows its second-quarter 2025 earnings release, where it reported 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 [2].

References:
[1] https://seekingalpha.com/news/4491427-equity-residentials-same-store-revenue-growth-on-track-to-meet-guidance
[2] https://www.investing.com/news/company-news/equity-residential-reaffirms-2025-revenue-growth-guidance-93CH-4220191