Reported 3 days ago
Equity Residential (EQR) announced a strong second-quarter performance with a 3% growth in blended rent rates, driven by a 5.2% increase in renewal rents and strong urban demand in markets like New York City and San Francisco. The company expects moderate rent growth as it navigates ongoing supply challenges and concessions in various metro areas. EQR's strategic acquisitions, including a portfolio in Atlanta, aim to bolster its market position amidst fluctuating conditions.
Source: YAHOO