Equity Residential Stock Rises 20.8% YTD: Will the Trend Continue?
Equity Residential(EQR) ZACKS·2024-10-04 00:51
Shares of Equity Residential (EQR) have risen 20.8% year to date, outperforming the industry's growth of 12.3%.In September 2024, EQR reported that it witnessed healthy demand and pricing for its apartment units during its primary leasing season. The company reiterated its earlier guidance of blended rate growth between 2% and 3% for the third quarter of 2024 and a physical occupancy level of 96.2% for the full-year 2024. It added that its same-store revenue growth will be able to meet its previous guided r ...