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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Alex Goldfarb | Piper Sandler | 10 | 0% |
| John Kim | BMO Capital Markets | 10 | 20% |
| Steve Sakwa | Evercore ISI | 10 | 0% |
| Haendel Juste | Mizuho Securities | 9 | 11% |
| Jamie Feldman | Wells Fargo | 9 | 0% |
| Eric Wolfe | Citigroup | 9 | 0% |
| John Pawlowski | Green Street | 8 | 0% |
| Adam Kramer | Morgan Stanley | 8 | 0% |
| Brad Heffern | RBC Capital Markets | 8 | 13% |
| Rich Hightower | Barclays | 7 | 14% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Green Street | 2 | 12 | 0% |
| Citigroup | 2 | 11 | 0% |
| BMO Capital Markets | 1 | 10 | 20% |
| Piper Sandler | 1 |
| 10 |
| 0% |
| Evercore ISI | 1 | 10 | 0% |
| Mizuho Securities | 1 | 9 | 11% |
| Bank of America | 2 | 9 | 0% |
| UBS | 2 | 9 | 0% |
Equity Residential posted Q1 2026 same-store revenue growth of 2.5% with results meeting expectations, as San Francisco and New York continued to exceed already high expectations. Portfolio net effective pricing was up 4% since January, though Boston and Seattle started below expectations. Management maintained 2026 guidance unchanged at the same-store revenue midpoint of 2.5% and NFFO midpoint of $4.08, while the share buyback program reached $500M and development restarted with two Atlanta projects.
Pricing | Demand | Revenue Growth | Capital Allocation | Competitive Dynamics | Labor Market | Regulation Policy | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 6 | 10 | 7 | 6 | 2 | 4 | 2 |
| 2025Q1 | 6 | 9 | 4 | 2 | 4 | 4 | 1 | 4 |
| 2025Q2 | 6 | 6 | 5 | 6 | 4 | 2 | 2 | 2 |
| 2025Q3 | 11 | 6 | 8 | 5 | 3 | 3 | 1 | |
| 2025Q4 | 4 | 3 | 4 | 5 | 1 | 1 | 1 | 1 |
| 2026Q1 | 10 | 7 | 5 | 6 | 5 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Pricing | 8 | 6 | 6 | 11 | 4 | 10 |
| Demand | 6 | 9 | 6 | 6 | 3 | 7 |
| Revenue Growth | 10 | 4 | 5 | 8 | 4 | 5 |
| Capital Allocation | 7 | 2 | 6 | 5 | 5 | 6 |
| Competitive Dynamics | 6 | 4 | 4 | 3 | 1 | 5 |
| Labor Market | 2 | 4 | 2 | 3 | 1 | |
| Regulation Policy | 4 | 1 | 2 | 1 | 1 | 1 |
| Macroeconomic | 2 | 4 | 2 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
EQR Equity Residential | 5 | +2.5% | |
| AVB AvalonBay Communities | 6 | +3.3% | |
| CPT Camden Property Trust | 5 | +0.1% | |
| ESS Essex Property Trust | 5 | +1.5% | |
| INVH Invitation Homes | 6 | +8.8% | |
| MAA Mid-America Apartment Communities | 5 | +0.8% | |
| UDR UDR, Inc. | 5 | +0.9% |