Equity Residential Q1 EPS falls to $0.24; normalized FFO rises 4.2% to $0.99
Equity Residential (NYSE: EQR) reported first-quarter 2026 results in an 8-K furnished with a press release. The filing names Equity Residential and NYSE: EQR, not VIVMARK RESIDENTIAL or ticker VMRK. Diluted EPS fell to $0.24 from $0.67 a year earlier, which the company attributed mainly to lower property sale gains, while normalized FFO per share rose 4.2% to $0.99 and same store NOI grew 1.4%.
Key points
- Diluted EPS was $0.24 for the quarter ended March 31, 2026, versus $0.67 a year earlier, a 64.2% decline.
- FFO per share was $0.89 versus $0.94 (down 5.3%); normalized FFO per share was $0.99 versus $0.95 (up 4.2%).
- Same store revenues rose 2.2%, same store expenses rose 3.7% and same store NOI rose 1.4% year over year.
- Second-quarter 2026 guidance: EPS of $0.28 to $0.32 and normalized FFO of $0.98 to $1.02 per share.
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 28, 2026.
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.