AI English summary of an SEC filing — figures as filed
The company reported that diluted EPS for Q1 2026 was $0.24, down from $0.67 a year earlier, and that Normalized FFO per share was $0.99, up from $0.95 a year earlier.
Key points
AI summaryThe company reported that diluted EPS for Q1 2026 was $0.24, down from $0.67 a year earlier, and that Normalized FFO per share was $0.99, up from $0.95 a year earlier.
Equity Residential said same store revenues for Q1 2026 rose 2.2% from a year earlier, expenses rose 3.7% and NOI rose 1.4%. It said resident turnover of 7.8% was the lowest in its history.
The company said it repurchased and retired about 3.5 million common shares in Q1 2026 at a weighted average purchase price of $63.42 per share, for a total of about $219.4 million. It said all of the repurchases were funded with excess disposition proceeds from 2025 sales activity.
Equity Residential said it set guidance for Normalized FFO per share of $0.98 to $1.02 and EPS of $0.28 to $0.32 for Q2 2026. It kept its full-year Normalized FFO per share guidance unchanged at $4.02 to $4.14.
Summary
AI-writtenAnalysis 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.
Q1 Per Share Results: EPS $0.24, Normalized FFO $0.99
The company reported that diluted EPS for Q1 2026 was $0.24, down from $0.67 a year earlier, and that Normalized FFO per share was $0.99, up from $0.95 a year earlier.
Source · Based on the filing body and exhibits
Same Store Revenues Up 2.2%, Expenses Up 3.7%, NOI Up 1.4%
Equity Residential said same store revenues for Q1 2026 rose 2.2% from a year earlier, expenses rose 3.7% and NOI rose 1.4%. It said resident turnover of 7.8% was the lowest in its history.
Source · Based on the filing body and exhibits
Buys Back and Retires About 3.5 million Shares in Q1
The company said it repurchased and retired about 3.5 million common shares in Q1 2026 at a weighted average purchase price of $63.42 per share, for a total of about $219.4 million. It said all of the repurchases were funded with excess disposition proceeds from 2025 sales activity.
Source · Based on the filing body and exhibits
Q2 2026 Normalized FFO per Share Guidance $0.98 to $1.02
Equity Residential said it set guidance for Normalized FFO per share of $0.98 to $1.02 and EPS of $0.28 to $0.32 for Q2 2026. It kept its full-year Normalized FFO per share guidance unchanged at $4.02 to $4.14.
Source · Based on the filing body and exhibits
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.
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