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EQR

Equity Residential·NYSE
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EQR fundamentals

Equity Residential (EQR) released its earnings on Feb 5, 2026: revenue was 781.91M (YoY +1.97%), missed estimates; EPS was 1 (YoY -9.09%), beat estimates.
Revenue / YoY
781.91M
+1.97%
EPS / YoY
1
-9.09%
Report date
Feb 5, 2026
EQR Earnings Call Summary for Q4,2025
  • 2026 Revenue Outlook: 1.5%-3% growth range reflects cautious demand assumptions, with midpoint of 2.25% driven by stable renewals and reduced supply.
  • Share Buybacks: $300M in 2025 repurchases neutralize FFO impact of asset sales, with potential for further accretion if job growth improves.
  • Supply Decline: 40% drop in 2026 deliveries sets up favorable market dynamics, particularly in D.C. and Sunbelt markets.
  • Urban Market Strength: San Francisco and New York (30% of NOI) expected to outperform, benefiting from low supply and strong demand.
  • Cost Efficiency: AI-driven automation initiatives target 5%-10% payroll reduction, supporting margin expansion.
  • Debt Management: Refinancing of $600M in maturities maintains balance sheet flexibility with 4.3x net debt/EBITDA.
  • Risk Factors: Regulatory costs and job market uncertainty remain headwinds, particularly in high-cost markets like L.A.
EPS
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Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.830.70.240.680.150.841.151.40.190.590.860.420.560.370.450.820.770.470.381.10.670.50.761
Forecast
0.33380.28880.29750.24940.15710.1850.22390.26140.24780.29130.34380.37850.31990.37450.47310.43010.33270.38270.41180.41370.25970.34050.42760.3844
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+148.65%
+142.38%
-19.33%
+172.65%
-4.52%
+354.05%
+413.62%
+435.58%
-23.33%
+102.54%
+150.15%
+10.96%
+75.05%
-1.20%
-4.88%
+90.65%
+131.44%
+22.81%
-7.72%
+165.89%
+157.99%
+46.84%
+77.74%
+160.15%
Revenue
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Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------------------682.33M653.53M622.43M613.43M597.60M598.06M623.21M645.13M653.35M687.03M695.10M699.70M705.09M717.31M724.07M727.50M730.82M734.16M748.35M766.78M760.81M768.83M782.41M781.91M
Forecast
--------------------------------686.16M661.82M641.07M610.45M593.44M591.21M606.36M633.48M657.22M673.58M696.68M703.56M701.48M715.19M727.18M725.07M728.09M735.26M744.03M756.73M767.91M769.92M778.95M787.11M
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-0.56%
-1.25%
-2.91%
+0.49%
+0.70%
+1.16%
+2.78%
+1.84%
-0.59%
+2.00%
-0.23%
-0.55%
+0.51%
+0.30%
-0.43%
+0.33%
+0.38%
-0.15%
+0.58%
+1.33%
-0.92%
-0.14%
+0.44%
-0.66%

Earnings Call