EQR Earnings Prediction
The chart below shows how EQR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EQR sees a +0.20% change in stock price 10 days leading up to the earnings, and a -1.19% change 10 days following the report. On the earnings day itself, the stock moves by +0.25%. This data can give you a slight idea of what to expect for the next quarter's release.
EQR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
766.78M
5.40%
2.46%
Gross Margin
63.82%
-2.33%
0.39%
Operating Margin
27.71%
-14.95%
-7.11%
Net Margin
56.58%
27.72%
185.04%
EPS
1.10
34.15%
189.47%
No Data Available
EQR Earnings Analysis
Equity Residential Corporation (EQR.N) Earnings Conference Call
Positive
Strong Same-Store Revenue Performance: Solid same-store revenue results exceeded the midpoint of expectations, indicating strong demand across the portfolio.
Cost Management Efficiency: Same-store expense growth was managed at 2.9% for 2024, demonstrating effective cost management and operational efficiency.
High Occupancy and Low Turnover: Occupancy rates remained high at 96.1%, reflecting strong demand and effective resident retention strategies, with turnover at a historic low of 9%.
2025 Revenue Growth Outlook: Guidance for 2025 anticipates same-store revenue growth of 2.25% to 3.25%, supported by strong job growth and manageable competitive supply.
Future Acquisition Plans: Acquisition activity in 2024 totaled nearly $600 million, with plans for $1.5 billion in acquisitions in 2025, indicating a strong growth strategy and confidence in market conditions.
Negative
Same-Store Revenue Guidance: Same-store revenue growth guidance for 2025 is projected at 2.25% to 3.25%, which is lower than the previous year's growth, indicating a slowdown in revenue generation.
Rising Operating Expenses: Operating expenses are expected to increase by 3.5% to 4.5% in 2025, which is higher than the 2.9% growth in 2024, suggesting rising cost pressures.
Negative Revenue Growth Outlook: Expansion markets are anticipated to experience negative same-store revenue growth in 2025 due to elevated supply levels, contrasting with the overall revenue growth expectations.
Interest Expense Impact: The company expects a significant increase in interest expense due to anticipated balances from investment activity and refinancing of maturing debt, which could impact profitability.
Operational Impact Uncertainty: Potential operational impacts from recent fires in Los Angeles may lead to additional cleanup expenses and regulatory challenges, creating uncertainty in revenue projections.
EQR FAQs
How does EQR typically perform around its earnings report dates?
Is Equity Residential (EQR) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
EQR Earning Call Sentiment
Equity Residential (NYSE:EQR) Q4 2024 Earnings Call Transcript
EQR.N
0.04%Positive
The earnings call summary reflects a mixed sentiment. Financial performance and market strategy show potential growth, especially in expansion markets, but there are concerns about high costs and limited attractive locations for new projects. The Q&A reveals uncertainties in urban construction, potential layoffs, and vague management responses. Positive elements include low turnover expectations and a solid DC portfolio occupancy. Overall, the sentiment is balanced with no strong positive or negative indicators, suggesting a neutral stock price movement.
