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 (NYSE: EQR) generates a steady flow of news related to its multifamily real estate operations, financial performance and corporate responsibility initiatives. As a member of the S&P 500 focused on the acquisition, development and management of rental apartment communities in and around dynamic cities, the company regularly issues updates that are relevant to investors following the U.S. residential real estate market.
News items for Equity Residential frequently include quarterly earnings releases that detail rental income, same store revenues and expenses, Net Operating Income (NOI), Funds from Operations (FFO) per share and Normalized FFO per share. The company also announces guidance for same store operating performance, physical occupancy and key per-share metrics, along with commentary on operating fundamentals across its markets.
In addition to earnings, Equity Residential’s news covers portfolio activity such as acquisitions of apartment properties, dispositions of selected assets and the completion of development projects in markets including San Francisco, Denver, New York and Atlanta. The company also reports on capital markets actions, including unsecured note issuances and share repurchases, as well as regular quarterly dividends on its common and preferred shares.
Corporate responsibility is another recurring theme in Equity Residential’s news. The company publishes a Corporate Responsibility report describing its strategies around sustainability, employee development, customer engagement, community service and governance, and it highlights recognitions from sustainability and responsible business indices and rankings. Investors and observers can use this news stream to monitor Equity Residential’s operating trends, portfolio evolution, capital allocation and non-financial initiatives over time.
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
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.
Equity Residential (EQR) reported its Q2 2022 earnings, showing a 29.8% decrease in EPS at $0.59 compared to $0.84 in 2021. However, FFO per share increased by 14.1% to $0.89, while Normalized FFO rose by 23.6% to $0.89. The company revised its 2022 revenue guidance from 9.0% to 10.5% and NOI guidance to 13.75%-14.75%. Q2 same-store revenue grew by 13.6%, supported by strong occupancy and pricing power. The company sold properties totaling $680.7 million in New York during 2022.
Equity Residential (NYSE: EQR) announced it will release its second quarter 2022 operating results on July 26, 2022, after the market close. A conference call to discuss these results is scheduled for July 27, 2022, at 10:00 a.m. Central. The call will be accessible via webcast on the Investor section of www.equityapartments.com. Equity Residential is a member of the S&P 500, managing 310 properties with 80,227 apartment units in key markets including Boston, New York, and Washington, D.C.
Equity Residential (NYSE: EQR) has declared quarterly dividends on its common and preferred shares. A common share dividend of $0.625 per share is set for payment on July 8, 2022, to shareholders on record by June 27, 2022. Additionally, a quarterly dividend of $1.03625 per share for Series K Preferred Shares will be paid on June 30, 2022, to shareholders on record by June 17, 2022. Equity Residential focuses on acquiring and managing residential properties in major U.S. cities, operating 310 properties with 80,227 apartment units.
Equity Residential (NYSE: EQR) announced that its President and CEO, Mark J. Parrell, will participate in a roundtable presentation at the Nareit REIT Week 2022 Investor Conference on June 7 at 11:45 a.m. ET. The presentation will be web cast live, accessible via the Company's website. Equity Residential is a leading residential real estate company with investments in 311 properties and 80,581 apartment units, primarily in Boston, New York, Washington, D.C., Seattle, San Francisco, and Southern California.
Equity Residential (NYSE: EQR) mourns the passing of Raymond “Ray” Bennett, a Board member since 2018, who died at 53. As President of U.S. and Canada Franchising at Marriott International (NASDAQ: MAR), Bennett contributed significant operational expertise to the company. Equity Residential's President and CEO, Mark J. Parrell, expressed deep condolences and highlighted Bennett's positive influence and contributions. Equity Residential focuses on managing residential properties in thriving urban areas, owning 310 properties with 80,227 apartment units across major U.S. cities.
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