- Equity Residential reported a 1Q Normalized FFO per share of 93c, which is higher than the estimated 91c and an increase from last year’s 87c.
- The company’s rental income also saw a rise, totaling $730.8 million which marks a 3.6% increase year over year. This surpassed the estimate of $725 million.
- Occupancy rates increased slightly from 95.9% year over year to 96.3%, beating the estimate of 96%.
- Despite the positive results, Equity Residential is not planning to revise its annual operating, EPS, FFO per share, or Normalized FFO per share guidance that was provided in the fourth quarter 2023 earnings report.
- Among the market responses to Equity Residential‘s performance, there have been 10 buys and 16 holds, with no sells reported.
A look at Equity Residential Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Equity Residential, a real estate investment trust focused on apartment complexes in the United States, is positioned with a mixed outlook according to Smartkarma Smart Scores. The company scores well in Dividend and Momentum, suggesting a strong ability to provide income to investors and positive market momentum. However, its Value, Growth, and Resilience scores are more moderate, indicating potential areas for improvement in terms of valuation, expansion opportunities, and ability to withstand market challenges.
Overall, with solid scores in Dividend and Momentum, Equity Residential shows promise in terms of providing returns and having positive market sentiment. However, focusing on enhancing its Value, Growth, and Resilience scores could further strengthen its long-term outlook and strategic positioning within the real estate investment trust sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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