Quarterly ResultApr 30, 2026, 04:34 PM
EQR Q1 Net Income $93.1M, down from $264.8M; Rental Income +2.5%
AI Summary
Equity Residential (EQR) reported Q1 2026 net income of $93.1 million, a significant decrease from $264.8 million in Q1 2025. Basic EPS also fell to $0.24 from $0.68. Despite this, rental income increased by 2.5% to $779.8 million. The company repurchased $219.4 million in common shares and increased distributions per common share to $0.7025. The report combines financial statements for EQR and ERP Operating Limited Partnership, reflecting their UPREIT structure.
Key Highlights
- EQR Q1 2026 net income was $93.1 million, down from $264.8 million in Q1 2025.
- Basic EPS for Q1 2026 was $0.24, a decrease from $0.68 in Q1 2025.
- Rental income increased to $779.8 million in Q1 2026 from $760.8 million in Q1 2025.
- Common Shares repurchased and retired totaled $219.4 million in Q1 2026.
- Distributions declared per Common Share increased to $0.7025 from $0.6925.
- Net cash provided by operating activities was $400.5 million, down from $425.5 million.
- Total assets decreased to $20.52 billion as of March 31, 2026, from $20.75 billion.