-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：EQR公佈2026年第一季FFO為0.99美元，超出市場預期0.02美元，但7.8億美元的租賃收入略低於預期。該公司綜合租賃率1.5%與去年同期持平，新租約率下降2.8%，部分原因是激勵措施，但強勁的續租率（4.7%）抵消了這一降幅。我們維持「持有」評級，原因是營運費用壓力將抑制2026年現金淨營業收入（NOI）的成長。管理階層預估2026年同店營收成長1.2%-3.2%，費用成長3.0%-4.0%，現金NOI成長0.5%-2.5%，預估2026年下半年將表現強勁。 EQR的海岸市場策略持續展現價值，其中舊金山以6.5%的營收成長領先，紐約以4.6%的成長緊隨其後，而丹佛（-5.9%）和亞特蘭大（-2.0%）等擴張市場則面臨新的供應壓力。 EQR擁有高端沿海市場，這些市場新增供應有限，賦予其定價權，但較高的營運成本仍是風險。 EQR的在建項目總額為8.63億美元，建成後將擁有1824套公寓。計劃於2026年收購價值1.65億美元的物業。
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