Equity Residential (NYSE:EQR) to Issue $0.70 Quarterly Dividend

Equity Residential (NYSE:EQR) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Monday, June 29th will be paid a dividend of 0.7025 per share by the real estate investment trust on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, June 29th.

Equity Residential has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Equity Residential has a dividend payout ratio of 208.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Equity Residential to earn $4.24 per share next year, which means the company should continue to be able to cover its $2.81 annual dividend with an expected future payout ratio of 66.3%.

Equity Residential Stock Down 1.0%

EQR opened at $64.00 on Friday. The firm has a market cap of $23.98 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 5.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The firm’s 50-day simple moving average is $64.86 and its 200-day simple moving average is $62.79. Equity Residential has a twelve month low of $57.57 and a twelve month high of $69.87.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.09). The firm had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. Equities research analysts anticipate that Equity Residential will post 4.09 EPS for the current fiscal year.

About Equity Residential

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.