Equity Residential Stock Price, News & Analysis

Equity Residential (NYSE: EQR) has declared its fourth-quarter dividend for common shares at $0.625 per share, payable on January 13, 2023, to shareholders recorded by January 3, 2023. Additionally, a quarterly dividend of $1.03625 will be paid on January 3, 2023, to Series K Preferred shareholders recorded by December 22, 2022. The company owns or invests in 308 properties with 79,594 apartment units, focusing on affluent long-term renters in key U.S. cities.

Equity Residential (NYSE: EQR) announced that its senior management team, including President and CEO Mark J. Parrell, will participate in the Nareit REITWorld Annual Conference on November 15-16, 2022. In conjunction with this event, the Company has released an Investor Update available on its website. Equity Residential focuses on acquiring, developing, and managing residential properties in dynamic urban areas, owning or investing in 308 properties with 79,594 apartment units across cities like Boston, New York, and San Francisco.

Equity Residential (EQR) reported Q3 2022 results showcasing EPS of $0.86, down 25.2% from $1.15 in 2021, while FFO per share increased by 18.4% to $0.90. Same store revenue surged by 11.8%, reflecting strong leasing demand. The company anticipates full-year same store revenue growth around 10.6%, exceeding previous estimates. Notably, two properties were sold for $480.5 million, funding debt repayments to enhance financial stability. Despite challenging markets in San Francisco and Seattle, EQR remains optimistic about future performance.

Equity Residential (NYSE: EQR) will announce its Q3 2022 operating results on October 25, 2022, after market close. A conference call for discussing these results is scheduled for October 26, 2022, at 10:00 a.m. Central. The call will be accessible via webcast on the investor section of their website.

Equity Residential focuses on acquiring and managing residential properties in major cities, with investments in 309 properties and 79,730 apartment units.

Equity Residential (NYSE: EQR) has declared its third-quarter common share dividend of $0.625 per share, payable on October 14, 2022, to shareholders on record as of September 26, 2022. Additionally, a quarterly dividend of $1.03625 per share for the Series K Preferred Shares will be distributed on September 30, 2022, to shareholders of record on September 19, 2022. This announcement reflects the company's ongoing commitment to shareholder value.

Equity Residential (NYSE: EQR) announced participation in the Bank of America Securities 2022 Global Real Estate Conference on September 13, 2022, at 1:10 p.m. CT. Senior management, including CEO Mark J. Parrell, will engage in a roundtable discussion. The event will be available via live webcast, accessible through the Presentations section on the company’s website. An operating update was previously issued on August 31, 2022, found in the Press Releases section of the Investor area.

Equity Residential (NYSE: EQR) and Toll Brothers (NYSE: TOL) have announced a partnership to develop three luxury rental communities in the Dallas/Ft. Worth area, totaling 1,053 units. This strategic collaboration is the first under a joint venture established in 2021, with EQR investing 75% and TOL 25% of equity per project. The total investment is projected at approximately $750 million in equity, potentially reaching $1.9 billion with financing. The developments are situated in prime neighborhoods and aim to capture the affluent renter market.

Equity Residential (NYSE: EQR) provided an update on its same-store residential operating trends, indicating that revenue growth is on track to meet or exceed guidance. The company is experiencing strong demand and pricing for apartments, with peak rents expected in early August 2022. Key metrics include a blended rate of 11.8% for August and physical occupancy of 96.6%. The report highlights a healthy renewal rate, with 52% of residents renewing monthly leases. The company owns 309 properties with 79,730 units across major U.S. cities.