Equity Residential (ticker: EQR) reports challenging Q3 operating conditions with declines in urban rental portfolio lease rates and occupancy. Shares drop 7%, now down 46% YTD. Distribution yield currently 5.2%. Perhaps most interestingly, here is their breakdown of occupancy rates: Asset Class October 22, 2020 June 30, 2020 Suburban 95.8% 96.4% Urban 94.4% 94.7% UrbanContinue reading “Equity Residential Taking A Beating ($EQR)”
Tag Archives: REITs
Are Residential REITs Undervalued?
Real estate investment trusts focused on high density prime metro area apartment ownership and management are historically a stable asset class offering attractive dividends. These REITs have benefited from stable rent growth and low interest rates. 5yr Beta: 0.5 to 0.85 Dividend yields: 2.5% – 4.5% From February 2020 pre-COVID highs: Equity Residential (ticker: EQR)Continue reading “Are Residential REITs Undervalued?”