Equity Residential (EQR) Provides Operating Update
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EPS Growth %: -41.1%
Financial Fact:
Total revenues: 606.07M
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Equity Residential (NYSE: EQR) today provided an update regarding certain same store Residential operating trends in its business.
Same store revenue growth remains on track to meet or slightly exceed the Company’s expectations described in its second quarter 2021 earnings release as the Company is finishing a strong leasing season with very healthy demand and pricing for its apartment units.
The Company also provided the following same store Residential operating metrics:
| June 2021
|
| July 2021
|
| August 2021 |
| September 2021 (1) | |
Blended Rate: | 0.6% |
| 5.1% |
| 8.2% |
| 9.7% | |
Physical Occupancy (2): | 96.3% |
| 96.7% |
| 96.7% |
| 96.9% | |
Percentage of Residents | 53% |
| 54% |
| 58% |
| 62% |
1. | September 2021 results are preliminary. | |
2. | Physical Occupancy is as of month end, with the exception of September 2021, when it is as of September 21, 2021. |
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