Equity Residential Stock Price, News & Analysis

Sustainable Living Innovations (SLI) and Downtown Emergency Service Center (DESC) have announced the groundbreaking of DESC Green Lake, a 124-unit apartment building in Seattle. This project, using SLI's innovative low-rise technology, promises faster construction and enhanced energy efficiency. It aims to support single adults with disabilities who have faced long-term homelessness and will feature community spaces and supportive services. SLI is also constructing 303 Battery, a sustainable high-rise designated for Equity Residential, which is set to be completed this fall.

Equity Residential (NYSE: EQR) reported strong financial results for Q4 and full year 2021, reflecting robust demand and occupancy. Q4 EPS rose 105.9% to $1.40, with FFO per share increasing 4.1% to $0.76. Full year EPS, FFO per share, and Normalized FFO per share reported at $3.54, $2.96, and $2.99, respectively. The company anticipates growth acceleration in 2022 with target increases of 19.5% in EPS and 15.4% in Normalized FFO. Key strategies include active property acquisitions and development in desirable markets, with a capital allocation of $689 million for six properties in Q4.

Equity Residential (NYSE: EQR) will release its fourth quarter 2021 operating results on February 1, 2022, post-market. A conference call to discuss these results is scheduled for February 2, 2022, at 10:00 a.m. Central. The conference call will be available via webcast on the company’s investor section at www.equityapartments.com. Equity Residential operates 310 properties with over 80,000 apartment units across major U.S. cities, focusing on providing quality housing for long-term renters.

Equity Residential (NYSE: EQR) announced its quarterly dividends on common and preferred shares. The common share dividend for Q4 is set at $0.6025 per share, payable on January 14, 2022, to shareholders on record as of January 3, 2022.

The Series K Preferred Shares will yield a dividend of $1.03625, paid on December 31, 2021, to those on record as of December 21, 2021.

Equity Residential (NYSE: EQR) has been awarded the Gold Nareit 2021 Diversity, Equity and Inclusion (DEI) award, recognizing its commitment to advancing diversity within the company and the real estate industry. The company was evaluated by a panel of DEI judges on its programs and accomplishments. Catherine Carraway, Executive Vice President, highlighted the honor as a reflection of Equity Residential's inclusive culture. The company has also published its 2021 ESG Report, detailing initiatives to enhance diversity in hiring, promote employee voices, and build a diverse talent pipeline.

Equity Residential (NYSE: EQR) has announced a national partnership with Anyone Home to implement a portfolio-wide CRM solution. This partnership follows a successful pilot program launched in early 2021, which led to a complete rollout within four months. With nearly 80,000 apartment homes across over 300 communities, Equity Residential aims to leverage Anyone Home's CRM for improved data-driven decision-making and enhanced lead management. CEO Todd Katler emphasized the successful collaboration that has resulted in better performance and innovation.

Equity Residential (EQR) reported strong Q3 2021 results with earnings per share (EPS) rising to $1.15, up 379.2% year-over-year. Funds from Operations (FFO) remained stable at $0.76. The company achieved its first positive same-store revenue growth since the pandemic, supported by a 97% collection rate of residential revenues and $13.4 million in governmental rental assistance. EQR raised its full-year guidance for EPS and FFO due to increased occupancy rates and revenue growth. A strategic partnership with Toll Brothers (TOL) was also announced for future developments.