The upcoming report from Equity Residential (EQR) is expected to reveal quarterly earnings of $1 per share, indicating an increase of 6.4% compared to the year-ago period. Analysts forecast revenues of $727.55 million, representing an increase of 4% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company announc ...

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that the Company will release its fourth quarter 2023 operating results on Tuesday, January 30, 2024 after the close of market and host a conference call to discuss those results on Wednesday, January 31, 2024 at 10:00 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential Equity Residential is committed to creating communities where people thrive ...

Financial Data and Key Metrics Changes - The company adjusted its same-store revenue guidance expectation for the year to 5.5% from 5.875% due to underperformance in San Francisco and Seattle, as well as a noncash write-off of a $1.5 million straight-line rent receivable [7][8] - Portfolio-wide bad debt before rental relief funds was about 1.3% in Q3 2023, down from 2.4% in 2022 [6][7] - The company expects 2024 same-store expense growth to be slightly below this year, with continued pressure on repair and maintenance lines [21] Business Line Data and Key Metrics Changes - Residential same-store revenue growth was 4.4% in Q3 2023, driven by healthy fundamentals and some improvement in delinquency [11] - The East Coast markets continue to outperform the West Coast, with strong demand and occupancy, particularly in Washington, D.C. [11][12] - New lease change rates in Seattle and San Francisco are running in the high negative single digits, with increased concession use contributing significantly to the decline [25][26] Market Data and Key Metrics Changes - The company noted lower levels of new apartment construction in established markets, which should continue for the next several years [5] - The average new supply as a percent of total inventory in established markets is around 2%, compared to approximately 6% in Sunbelt markets [19] - The job market for college-educated individuals remains strong, with unemployment at 2.1%, supporting demand for rentals [4][18] Company Strategy and Development Direction - The company is focusing on capital allocation by selling older assets and acquiring newer properties in suburban markets, particularly in Atlanta [8][10] - The long-term outlook remains positive, with favorable demographics driving demand and limited new supply in most markets [22] - The company is cautious about acquisitions in politically charged municipalities due to regulatory risks [47][48] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term recovery of San Francisco and Seattle, despite current challenges [51][53] - The company anticipates solid growth in 2024, led by East Coast markets, while acknowledging the need for improved fundamentals in San Francisco and Seattle [20][38] - Management highlighted that the credit quality of residents remains strong, and they expect gradual improvement in bad debt levels [20][32] Other Important Information - The company is experiencing a significant increase in same-store CapEx, now at $3,600 per apartment unit, due to various factors including storm damage and new projects [67] - The eviction process is taking longer than pre-pandemic levels, impacting bad debt [20][34] Q&A Session Summary Question: Can you elaborate on the October numbers regarding new lease rates? - Management confirmed that new lease change rates in Seattle and San Francisco are running in the high negative single digits, with increased concession use contributing to the decline [25][26] Question: What is the current state of the transaction market? - Management indicated that the transaction market is uncertain, with upward pressure on cap rates and limited properties available [28][29] Question: How much more would bad debt have decreased if the court process had been quicker? - Management estimated that bad debt would have been about 10 basis points lower if the court process had progressed as expected [30][32] Question: What are the expectations for same-store revenue next year? - Management stated that they are in the middle of the budget process and cannot provide specific guidance yet, but they expect solid growth in certain markets [62] Question: How is the company addressing the Rite Aid bankruptcy issue? - Management confirmed that a new lease is already in place for the space previously occupied by Rite Aid, which is expected to be a good amenity for residents [64][65]

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Two North Riverside Plaza, Chicago, Illinois 60606 (312) 474-1300 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12252 (Equity Residential) Commission File Number: 0 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12252 (Equity Residential) Commission File Number: 0-24920 (ERP Operating Limited Partnership) EQUITY RESIDENTIAL ERP OPERA ...

Equity Residential (NYSE:EQR) Q2 2023 Earnings Conference Call July 28, 2023 11:00 AM ET Company Participants Martin McKenna - First VP, Investor & Public Relations Mark Parrell - President, CEO & Trustee Michael Manelis - EVP & COO Alexander Brackenridge - EVP & CIO Robert Garechana - EVP & CFO Conference Call Participants Eric Wolfe - Citi John Pawlowski - Green Street Advisors Steve Sakwa - Evercore ISI Josh Dennerlein - Bank of America Merrill Lynch John Kim - BMO Capital Markets Jamie Feldman - Wells F ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12252 (Equity Residential) Commission File Number: 0-24920 (ERP Operating Limited Partnership) EQUITY RESIDENTIAL ERP OPER ...

Equity Residential (NYSE:EQR) Q1 2023 Earnings Conference Call April 26, 2023 11:00 AM ET Company Participants Martin McKenna - First VP, Investor & Public Relations Mark Parrell - President, CEO & Trustee Michael Manelis - EVP & COO Alexander Brackenridge - EVP & CIO Robert Garechana - EVP & CFO Conference Call Participants Eric Wolfe - Citi John Kim - BMO Capital Markets Stephen Sakwa - Evercore ISI Michael Goldsmith - UBS Bradley Heffern - RBC Capital Markets Linda Tsai - Jefferies James Feldman - Wells ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12252 (Equity Residential) Commission File Number: 0-24920 (ERP Operating Limited Partnership) EQUITY RESIDENTIAL ERP OPERATING ...

Equity Residential (NYSE:EQR) Q4 2022 Results Conference Call February 10, 2023 11:00 AM ET Company Participants Marty McKenna - IR Mark Parrell - President and CEO Michael Manelis - COO Bob Garechana - CFO Alec Brackenridge - CIO Conference Call Participants Nick Joseph - Citi John Pawlowski - Green Street Chandni Luthra - Goldman Sachs Steve Sakwa - Evercore ISI John Kim - BMO Capital Markets Adam Kramer - Morgan Stanley Haendel St. Juste - Mizuho Jeff Spector - Bank of America Nick Yulico - Scotiabank Al ...