Equity Residential (EQR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Equity Residential first quarter 2025 earnings conference call and webcast. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Marty McKenna. Please go ahead, sir. Good morning, and thanks for joining us to discuss Equity Residential's first quarter 2025 results. Our featured speakers today are Mark Perel, our president and CEO, and Michael Manelis, our chief operating officer. Both Bob Garachana, our CFO, and Alec Brackenridge, our chief investment officer, are here with us as well for the Q&A. One of our peers will be hosting their call in an hour or so, so we plan to finish in time for that call to begin on time. To be respectful of time for today's Q&A, we are going to ask that you limit yourselves to one question and one follow-up, and we greatly appreciate your cooperation. Our earnings release is posted in the investor section of equityapartments.com. Please be advised that certain matters discussed during this conference call may constitute forward-looking statements in the meaning of the federal securities laws. These forward-looking statements are subject to certain economic risks and uncertainties. The company assumes no obligation to update or supplement these statements that become untrue because of subsequent events. Now, I will turn the call over to Mark Perel. Thank you, Marty. Good morning, and thank you all for joining us today to discuss our first quarter 2025 results. I will start us off, then Michael Manelis, our Chief Operating Officer, will speak to our first quarter operating performance, and then we'll go ahead and take your questions. Our first quarter results exceeded our expectations, and we are well positioned for the primary leasing season. Our operating dashboa...