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) reported Q1 2022 earnings, with EPS at $0.19, and FFO per share at $0.77, reflecting a 26.7% and 14.9% respective increase year-over-year. Revenue grew by 7.8%, driven by high occupancy at 96.4% and improved lease rates. Operating expenses increased modestly by 2.5%. The company acquired a 172-unit property in San Diego for $113 million but reported higher delinquency in Southern California, partially offset by strong lease rates. Q2 2022 guidance projects EPS between $1.00 and $1.04, indicating positive cash flow prospects.
Equity Residential (NYSE: EQR) will release its Q1 2022 operating results on April 26, 2022, after market close, followed by a conference call on April 27, 2022, at 10:00 a.m. Central. The call can be accessed via a webcast on their investor website. With a focus on the acquisition and management of residential properties, Equity Residential owns or has investments in 311 properties with 80,581 apartment units, primarily in major cities like Boston, New York, and San Francisco.
Broad Street Realty, Inc. (OTCQX: BRST) appointed Donna Brandin to its Board of Directors, effective immediately. Michael Z. Jacoby, the company's CEO, expressed enthusiasm for her expertise. Brandin boasts a robust background, having served as CFO at Equity Residential (NYSE: EQR) and held key financial roles at various REITs. Her educational qualifications include a B.S. in Accounting and a master's in Finance. Broad Street Realty focuses on essential grocery-anchored and mixed-use assets, primarily in densely populated areas. The company aims to enhance its cash flow and drive same-store NOI.
Sustainable Living Innovations (SLI) has successfully closed an Accelerated Growth fundraising round, raising approximately $53 million from various investors, including Equity Residential (EQR) and Goldman Sachs, as of January 7, 2022. This capital will support SLI's growth and key projects, including expanding its manufacturing facility in Tacoma, Washington. SLI is pioneering a patented technology platform for sustainable building construction, with the upcoming 303 Battery project set to be the first multifamily tower meeting net zero energy standards.
Equity Residential (NYSE: EQR) has announced a 3.7% increase in its annualized dividend, raising it to
Equity Residential (NYSE: EQR) will have its senior management, including President and CEO Mark J. Parrell, participate in a roundtable discussion at the 2022 Citi Global Property CEO Conference on March 7, 2022, at 8:15 a.m. ET. The event will be live-streamed, with access available on the Company’s website. Equity Residential focuses on creating thriving communities through the acquisition and management of residential properties for affluent long-term renters, managing 310 properties with 80,407 apartment units across major cities.
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.
Summary not available.
FAQ
What is the current stock price of Equity Residential (EQR)?
What is the market cap of Equity Residential (EQR)?
