EQUITY RESIDENTIAL (EQR) Form 8-K — Jul 22, 2026
Equity Residential reported Q2 2026 results showing GAAP EPS of $0.30, down 40% from $0.50 in the prior year, while core REIT metrics showed improvement with FFO per share up 2% to $1.00 and Normalized FFO per share up 3% to $1.02. The EPS decline was attributed primarily to lower property sale gains compared to the prior year, while same store operating metrics remained solid with revenue growth of 1.9% and NOI growth of 1.4%. The company raised its full-year 2026 same store guidance, with the midpoint for revenue growth increasing to 2.4% and NOI growth midpoint increasing to 1.8%, reflecting strong occupancy and resident retention.
Key figures
- Eps
- 0.30
- Eps Yoy
- (40.0%)
- Guidance
- Same store revenue 2.1% to 2.7%, NOI 1.5% to 2.1%; EPS/FFO/NFFO guidance withdrawn due to pending merger
- Net Income
- 117740000
- Units Sold
- 515
- Ffo Per Share
- 1
- Properties Sold
- 2
- Pro Forma Market Cap
- $53 billion
- Same Store Noi Growth
- 1.4%
- Property Sale Proceeds
- $164.0 million
- Normalized Ffo Per Share
- 1.02
- Same Store Revenue Growth
- 1.9%
- Pro Forma Enterprise Value
- $71 billion
AI analysis
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