-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：我们将目标股价上调3美元至每股69美元，采用更高的股权风险溢价，并将预期市盈率（P/FFO）设定为16.8倍，高于多户住宅房地产投资信托基金（REIT）平均水平15.5倍，因为EQR专注于高端城市和沿海市场，这些市场的新供应量较少。我们维持2026年和2027年FFO预期分别为4.10美元和4.25美元，营收预期分别为32亿美元和33亿美元。鉴于EQR及其同行的防御性特征和增长速度较慢但稳健，其表现逊于标普500指数。EQR的股票贝塔系数为0.74，表明其价格波动性略低于股票市场。该股提供4.3%的诱人股息收益率，远高于标普500指数低于2.0%的收益率。我们对EQR持谨慎态度，主要原因是市场预期租金涨幅较低，运营成本较高。即使在EQR的沿海市场，我们也看到科技和娱乐行业新增就业增长疲软对新租户租赁的影响。这进一步印证了我们对这类房地产资产前景的预期趋于温和。
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