Equity Residential Q1 EPS falls to $0.67; FFO per share rises 8% to $0.94
Equity Residential reported first quarter 2025 results on April 29, 2025, with diluted earnings per share down 13.0% from a year earlier while funds from operations (FFO) per share rose 8.0%. The company said results exceeded its first quarter guidance expectations and set second quarter 2025 guidance, while not revising its annual guidance; the filing identifies the company as NYSE: EQR, not VMRK.
Key points
- Diluted EPS was $0.67 versus $0.77 a year earlier, a decline of 13.0%, due primarily to lower property sale gains and higher depreciation expense.
- FFO per share was $0.94 versus $0.87 (up 8.0%); Normalized FFO per share was $0.95 versus $0.93 (up 2.2%).
- Rental income was $760.8 million versus $730.8 million; same store revenues rose 2.2% and same store NOI rose 1.3% year over year.
- Second quarter 2025 guidance: EPS $0.49 to $0.53, FFO per share $0.95 to $0.99, and Normalized FFO per share $0.96 to $1.00.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.