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Compared to Estimates, Equity Residential (EQR) Q1 Earnings: A Look at Key Metrics

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For the quarter ended March 2026, Equity Residential (EQR - Free Report) reported revenue of $779.85 million, up 2.5% over the same period last year. EPS came in at $0.99, compared to $0.67 in the year-ago quarter.

The reported revenue represents a surprise of -0.35% over the Zacks Consensus Estimate of $782.55 million. With the consensus EPS estimate being $0.95, the EPS surprise was +4.53%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Equity Residential performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Physical Occupancy Rate: 96.5% versus the four-analyst average estimate of 96.4%.
  • Apartment Units - Total: 78,885 versus 84,887 estimated by three analysts on average.
  • Change in Same Store Revenue Growth: 2.2% versus the two-analyst average estimate of 2.3%.
  • Revenues- Rental income- Same store: $746.48 million compared to the $733.02 million average estimate based on three analysts. The reported number represents a change of +4.3% year over year.
  • Net Earnings Per Share (Diluted): $0.24 versus $0.28 estimated by five analysts on average.

View all Key Company Metrics for Equity Residential here>>>

Shares of Equity Residential have returned +6.4% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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