
• Reported GAAP EPS of $0.24 down -64.71% YoY • Reported revenue of $779.85M up 2.50% YoY • Equity Residential forecasts Q2 2026 Normalized FFO per share between $0.98 and $1.02, while maintaining full-year 2026 Normalized FFO guidance at $4.02 to $4.14.
Bullish
Equity Residential delivered strong Q1 2026 operating performance with increased same store revenues and NOI, improved occupancy and reduced leasing concessions, alongside significant share repurchases and a dividend increase.
Bearish
Equity Residential saw Q1 2026 EPS decline due to lower property sale gains, while same store expenses increased 3.7%, and NOI decreased significantly in markets like Denver and Atlanta.