Equity Residential Q3 2025 Earnings Release

Equity Residential reported its third quarter 2025 results, showing strong performance with earnings per share (EPS) of $0.76, a 100% increase from the same period in 2024. Funds from Operations (FFO) per share rose to $1.05, up 6.1% year-over-year. The company achieved its highest third-quarter resident retention rate in history, driven by robust operating fundamentals in key markets like San Francisco and New York. Equity Residential also completed significant transactions, including the acquisition of a 375-unit property in Arlington, TX, and the sale of two properties for a combined $247.9 million. The company provided updated guidance for the full year 2025, expecting same-store revenue growth of 2.5% to 3.0% and NOI growth of 2.1% to 2.6%.