Equity Residential reports recurring developments tied to its ownership and management of apartment communities in dynamic U.S. metro areas, with a primary concentration in major coastal markets and a targeted presence in Atlanta, Austin, Dallas/Ft. Worth and Denver. Its announcements commonly cover quarterly operating results, same-store revenue, expenses and net operating income, occupancy, resident retention and market commentary for areas such as San Francisco and New York.
Updates also include common and Series K preferred share dividends, annual dividend tax treatment, annual meeting dates, investor presentations and real estate conference participation. The company’s releases often discuss rental-housing demand, new apartment supply, portfolio activity and capital allocation within its multifamily housing business.
Equity Residential (NYSE: EQR) reported its Q3 2020 results with earnings per share (EPS) at $0.24, down 66.2% from $0.71 in Q3 2019. Funds from Operations (FFO) per share fell 17.4% to $0.76. Urban properties remain particularly challenged, with occupancy rates declining significantly due to pandemic impacts. The company collected approximately 97% of expected residential revenues and reduced total debt by over $600 million. Looking ahead, financial results are expected to weaken further as pandemic effects persist.
Equity Residential (NYSE: EQR) announced the release of its third quarter 2020 operating results on October 27, 2020, after market close. A conference call to discuss these results will be held on October 28, 2020, at 10:00 am Central, available via webcast on their investor website. The company, part of the S&P 500, focuses on acquiring and managing rental properties in urban areas, owning or investing in 305 properties with 78,568 apartment units in key markets like Boston, New York, and San Francisco.