Equity Residential Stock Price, News & Analysis

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.

Sustainable Living Innovations (SLI) has commenced installation of high-performance building panels for 303 Battery, the world's first net zero energy high-rise in Seattle. This 15-story building will feature 112 apartments, with 27 designated as affordable housing. Utilizing patented technology, SLI’s construction method enhances energy efficiency and speeds up the building process. 303 Battery is set to meet the International Living Future Institute’s stringent net zero energy requirements and is scheduled for completion in summer 2022. The project has been pre-sold to Equity Residential (EQR).

Equity Residential (NYSE: EQR) will release its Q3 2021 operating results on October 26, 2021, after market close, followed by a conference call on October 27, 2021, at 12:00 p.m. Central. The call will be accessible via webcast on their investor website. The company focuses on acquiring, developing, and managing residential properties in urban areas with a total of 307 properties and 79,322 apartment units across major cities like Boston, New York, and San Francisco.