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15:00
Apr 29 ◎

EQR FY2026 Q1 Watch

Equity Residential (EQR) FY2026 Q1 Earnings Call

MSFT XAI.PVT EQR ▾

Michael Manelis

Microsoft's return-to-office policy is driving some migration back into the Seattle market, a modest positive for EQR's Seattle portfolio.

"some of that could be from the Microsoft returned office kind of policy change early in the first quarter that we saw"

MSFT WATCH

Mark Perel

AI-driven demand in San Francisco is broad-based, benefiting not just core AI labs but the broader ecosystem, which should sustain demand for urban apartments.

"We see all the office leasing activity, everything around AI. It isn't just the actual creators of AI. It's all the systems that sit on top of it."

XAI.PVT WATCH

Mark Perel

Management is fundamentally optimistic about the multi-year outlook, driven by a sharp drop in new supply, strong balance sheets of target renters, and improving operating metrics like occupancy and concessions.

"we expect deliveries in our markets to be down 35% in 2026 versus 2025. And the forecast for expected future deliveries continues to show substantial declines over the next few years, creating a very positive trend line for our business."

EQR WATCH

HIGH

15:00
Feb 06 ◎

EQR FY2025 Q4 Watch

Equity Residential (EQR) FY2025 Q4 Earnings Call

EQR ▾

Mark Perel

Management is cautiously optimistic, citing a significant supply reduction and strong portfolio positioning, but sees a need for job growth to fuel acceleration.

"we feel like we just need a little bit of wind at our back in the form of improved job growth to see 2026 revenue growth accelerate beyond our current expectations"

EQR WATCH

HIGH

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