The company reported diluted earnings per share (EPS) of $0.82 for Q4 2023 ($0.42 in the same quarter a year earlier), FFO per share of $1.00 ($0.97 a year earlier), and Normalized FFO per share of $1.00 ($0.94 a year earlier).

1. 01

   The company reported diluted earnings per share (EPS) of $0.82 for Q4 2023 ($0.42 in the same quarter a year earlier), FFO per share of $1.00 ($0.97 a year earlier), and Normalized FFO per share of $1.00 ($0.94 a year earlier).

2. 02

   Equity Residential said same store revenue rose 3.9% in Q4 2023 from Q4 2022, same store NOI increased 5.0%, and physical occupancy was 95.8%, unchanged from a year earlier.

3. 03

   The company provided guidance for full-year 2024, calling for same store revenue growth of 2.0% to 3.0%, Normalized FFO per share of $3.80 to $3.90, and EPS of $2.91 to $3.01.

4. 04

   The company said it sold three properties in the West Coast markets, comprising 499 apartment units, for about $184.5 million in Q4 2023. It also said it repurchased and retired 864,386 common shares at a weighted average price of $56.79 per share, for about $49.1 million in total.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.