Sector • Financial Industry • Real Estate Investment Trusts |
Industry • Real Estate Investment Trusts |
Sector • Financial |
Profits Rose by 194.74 % at the Equity Residential in the first quarter of 2023 earnings season
EQR reported first quarter of 2023 operating surplus of $297.588 million
Published Apr 29 2023 / Modified Apr 30 2023
CSIMarket Team / CSIMarket.com
With an impressive 7.919% increase in revenue to $705.09 million compared to the previous year, the company has also recorded huge improvements in earnings, with an increase of 194.74% to $0.56 per share.
Even in comparison to Q4, there has been a clear improvement in revenue and earnings, with a 0.77% increase in revenue and a 38.17% increase in earnings per share.
These incredible results have seen the company's earnings for Q1 rise to $220.071 million, up by an impressive 198.21% from the earnings reported during the same period last year.
One aspect of Equity Residential that investors will be pleased with is the company's improving profit margins.
In the first quarter of 2023, net margin increased to 31.21%, while the operating margin rose to 42.21%. It's also noteworthy that operating earnings saw an increase of 98.74% to $297.588 million.
Looking ahead, Equity Residential is set to release its next financial reports on July 28, 2023.
With results like these, it's no surprise that investors are excited to see what the future holds for this company.
With such strong earnings improvements and an overall rise in profits, it's clear that Equity Residential is a company that's performing incredibly well in the stock market.
Other EQR's news
Equity Residential Announces Q4 Dividends Amidst Encouraging Stock Market Performance
Profits Rose by 194.74 % at the Equity Residential in the first quarter of 2023 earnings season
Rewarding financial reporting period by EQR all along the fiscal time-frame ending September 30 2022
disclosed revenues elevation respectably at, over the most recent fiscal period
Other EQR's news
Equity Residential Announces Q4 Dividends Amidst Encouraging Stock Market Performance
Profits Rose by 194.74 % at the Equity Residential in the first quarter of 2023 earnings season
Rewarding financial reporting period by EQR all along the fiscal time-frame ending September 30 2022
disclosed revenues elevation respectably at, over the most recent fiscal period