Equity Residential Says Same Store Revenue Growth Remains On Track Within Guidance Range As Described In Its Recent Q2 Earnings Release
Portfolio Pulse from Benzinga Newsdesk
Equity Residential reports that its same-store revenue growth is on track within its guidance range, with strong demand and pricing for its apartment units. The company expects blended rate growth of 2.0% to 3.0% for Q3 2024 and a physical occupancy rate of 96.2% for the full year 2024.
September 04, 2024 | 8:25 pm
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Equity Residential confirms its revenue growth is on track, with strong demand and pricing for its apartments. The company projects 2.0%-3.0% blended rate growth for Q3 2024 and 96.2% occupancy for 2024.
The confirmation of revenue growth within guidance and strong demand for apartment units is positive news for Equity Residential. This suggests stability and potential growth, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100