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Equity Residential - EQR STOCK NEWS

Welcome to our dedicated page for Equity Residential news (Ticker: EQR), a resource for investors and traders seeking the latest updates and insights on Equity Residential stock.

Equity Residential (EQR), a proud member of the S&P 500, is dedicated to fostering communities where residents can thrive. Specializing in the acquisition, development, and management of high-quality residential properties, Equity Residential has a significant presence in key metropolitan areas that attract long-term renters.

The company owns or has investments in 305 properties, encompassing 78,568 apartment units situated in vibrant cities such as Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California, and Denver. As part of its growth initiative, Equity Residential is also developing two additional properties with a total of 537 units.

Equity Residential focuses on owning and managing large, high-quality properties within the urban and suburban submarkets of these dynamic regions. Their portfolio includes 302 apartment communities with approximately 80,000 units. The company's strategic locations and quality properties ensure they remain a top choice for residents seeking urban living in prime locations.

Financially stable and continually evolving, Equity Residential prides itself on its consistent performance and robust portfolio. The company remains committed to enhancing its communities and delivering exceptional living experiences to residents. With a focus on sustainability and modern amenities, Equity Residential continues to be a leader in the residential property market.

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Equity Residential (NYSE: EQR) has announced the release date for its second quarter 2024 operating results. The company will publish the results on Monday, July 29, 2024, after the market closes. A conference call to discuss these results is scheduled for Tuesday, July 30, 2024, at 10:00 a.m. Central Time. The call will be accessible via webcast on the Investor section of the company's website, www.equityapartments.com.

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Equity Residential (NYSE: EQR) has announced the declaration of quarterly dividends for its common and preferred shares. A dividend of $0.675 per common share is set for the second quarter, payable on July 12, 2024, to shareholders recorded by July 1, 2024.

Additionally, the Series K Preferred Shares will yield a dividend of $1.03625 per share, paid on July 1, 2024 to those on record by June 20, 2024.

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Equity Residential (NYSE: EQR) announced that its senior management, including CEO Mark J. Parrell, will participate in the Nareit REITweek 2024 Investor Conference. The roundtable presentation is scheduled for Tuesday, June 4 at 4:30 p.m. ET. The live web cast and an updated Investor Presentation will be available on the Company’s website, www.equityapartments.com.

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Equity Residential (NYSE: EQR) announced updates during the Nareit REITWeek 2024 Investor Conference. The company revealed that Earnings Per Share (EPS) and Funds from Operations (FFO) per share are projected to be in the lower half of the previously announced guidance ranges due to a litigation reserve adjustment in Q1 2024. However, normalized FFO per share, same store revenue, and same store net operating income (NOI) are trending towards the upper end of their respective guidance ranges. Key operating metrics for May 2024 include a physical occupancy rate of 96.5%, a 57.0% resident renewal rate, and a 2.9% blended rate for new and renewed leases.

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Equity Residential (NYSE: EQR) reported strong first quarter 2024 results with earnings per share (EPS) up by 37.5% to $0.77, Funds from Operations (FFO) per share up by 2.4% to $0.87, and Normalized FFO per share up by 6.9% to $0.93. Same store revenue increased by 4.1%, expenses by 1.3%, and Net Operating Income (NOI) by 5.5%. The company focused on expense efficiency, leading to a historical low same store turnover rate of 8.6%. Equity Residential also sold three properties and repurchased $38.5 million worth of common shares during the quarter.
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Equity Residential (EQR) to release first quarter 2024 operating results on April 23, 2024, followed by a conference call on April 24, 2024.
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Equity Residential (EQR) appoints Ann C. Hoff and Nina P. Jones to its Board of Trustees, expanding to 11 members. Ms. Hoff is the President and COO of Bellagio and Park MGM at MGM Resorts International, while Ms. Jones retired from T. Rowe Price, a global investment manager. Both new trustees bring valuable expertise to the company.
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Equity Residential (EQR) increases its annualized dividend by 2% and sets record and meeting dates for the 2024 Annual Meeting of Shareholders.
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Equity Residential (EQR) senior management team, including President and CEO Mark J. Parrell, to participate in a roundtable presentation at the 2024 Citi Global Property CEO Conference. The event will be webcast live, with an updated Investor Presentation available on the company's website.
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Equity Residential (NYSE: EQR) reported strong financial results for the fourth quarter and full year ended December 31, 2023. The company saw a significant increase in earnings per share (EPS), funds from operations (FFO) per share, and normalized FFO per share. Same store revenue increased by 3.9% in the fourth quarter of 2023 compared to the same period in 2022, driven by strong demand. The company provided guidance for the full year 2024, with same store revenue growth expected to be between 2.0% and 3.0%. The company also announced significant property sales and share repurchase activities during the fourth quarter of 2023.
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FAQ

What does Equity Residential do?

Equity Residential specializes in the acquisition, development, and management of high-quality residential properties in major US cities.

Where are Equity Residential's properties located?

Equity Residential's properties are located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California, and Denver.

How many properties does Equity Residential own?

Equity Residential owns or has investments in 305 properties, including 78,568 apartment units.

How many apartment units does Equity Residential manage?

Equity Residential manages around 80,000 apartment units across its portfolio.

Is Equity Residential part of any major stock index?

Yes, Equity Residential is a member of the S&P 500.

What types of properties does Equity Residential focus on?

Equity Residential focuses on acquiring and managing large, high-quality residential properties in urban and suburban areas of major cities.

What are the latest developments by Equity Residential?

Equity Residential is currently developing two new properties with a total of 537 units.

How does Equity Residential ensure high-quality living experiences?

Equity Residential is committed to providing modern amenities and focusing on sustainability to enhance living experiences for residents.

What makes Equity Residential unique in the real estate market?

Equity Residential's strategic location choices, high-quality properties, and focus on dynamic cities make it a leader in the residential property market.

How can I stay updated with the latest news from Equity Residential?

You can stay updated by visiting platforms like StockTitan for the latest performance, events, and developments related to Equity Residential.

Equity Residential

NYSE:EQR

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25.46B
378.97M
0.52%
96.39%
1.41%
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