The company reported diluted earnings per share (EPS) of $1.10 for Q4 2024 ($0.82 in the prior-year period) and Normalized FFO of $1.00 per share ($1.00 in the prior-year period). Full-year EPS was $2.72, and Normalized FFO was $3.89 per share.

1. 01

   The company reported diluted earnings per share (EPS) of $1.10 for Q4 2024 ($0.82 in the prior-year period) and Normalized FFO of $1.00 per share ($1.00 in the prior-year period). Full-year EPS was $2.72, and Normalized FFO was $3.89 per share.

2. 02

   Equity Residential said same store revenues for 2024 rose 3.0% from the prior year, same store expenses rose 2.9%, and same store net operating income (NOI) rose 3.1%. The company said full-year physical occupancy was 96.2% (95.9% a year earlier).

3. 03

   The company said it acquired 3 properties with 795 apartment units for about $274.3 million in Q4 2024 at a weighted average Acquisition Cap Rate of 5.2%. It also sold 7 properties with 1,629 apartment units for about $610.1 million at a weighted average Disposition Yield of 5.2%.

4. 04

   The company provided full-year 2025 guidance for Normalized FFO of $3.90 to $4.00 per share, same store revenue change of 2.25% to 3.25%, and expense change of 3.5% to 4.5%. It also assumed acquisitions of $1.5B and dispositions of $1.0B.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. 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.