EQR May operating update: occupancy 96.5%, blended rate 2.9%; EPS guided to low end

EQUITY RESIDENTIAL

May 2024 same-store occupancy 96.5% (vs 96.3% Q1 2024); renewal rate 5.0%, blended rate 2.9%.
EPS and FFO per share expected in bottom half of full-year guidance due to Q1 litigation reserve adjustment.
Normalized FFO per share, same-store revenue and NOI trending towards top of guidance ranges.
New lease change turned positive at 0.4% (vs -2.2% Q1 2024 and -4.6% Q4 2023).
Company posted updated investor presentation for Nareit REITWeek 2024 meetings.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.