Improving apartment living demand and expansionary efforts into the suburban markets bode well for Equity Residential (EQR). A flexible working environment and rising interest rates are woes.
SL Green's (SLG) Q4 earnings miss estimates on lower-than-anticipated revenues and a fall in occupancy. However, same-store cash net operating income improves year over year.
Since the COVID-19 pandemic, residential real estate has been one of the best-performing asset classes. In some hot markets, like Phoenix and Austin, home prices rose 50% or more. Does this present a problem for apartment real estate investment trusts (REITs) like Equity Residential (NYSE: EQR)?