Welcome to our dedicated page for EQUITY RESIDENTIAL SEC filings (Ticker: EQR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Equity Residential’s SEC filings document operating results and financial condition for its apartment portfolio, including 8-K earnings exhibits with consolidated statements, FFO and Normalized FFO measures, balance sheets, portfolio summaries, same-store results, debt summaries, capital structure, development and lease-up projects, residential capital expenditures and non-GAAP reconciliations.
Other filings cover Regulation FD investor presentations, ERP Operating Limited Partnership disclosure, proxy materials for annual meeting governance, executive compensation and shareholder voting matters, and legal contingencies involving multifamily rental software antitrust litigation. The filing record also reflects share and unit data, operating partnership structure, debt instruments and governance reporting for the Maryland issuer.
Equity Residential reported second-quarter 2026 diluted EPS of $0.30, down from $0.50 a year earlier, due primarily to lower property sale gains and various adjustment items. Funds From Operations per share were $1.00 versus $0.98, and Normalized FFO per share increased to $1.02 from $0.99. Rental income for the quarter was $785,049 thousand. Same store revenues rose 1.9%, expenses 3.0% and Net Operating Income 1.4%, with physical occupancy at 96.2%.
The company raised full-year 2026 guidance for its same store portfolio, now expecting revenue growth of 2.1% to 2.7% and NOI growth of 1.5% to 2.1%, and withdrew EPS and FFO guidance because of its pending all-stock merger of equals with AvalonBay. The combined company is expected to have a pro forma equity market capitalization of approximately $53 billion, enterprise value of approximately $71 billion and more than 180,000 apartments. During the quarter, Equity Residential sold two properties with 515 units for approximately $164.0 million at a 5.3% disposition yield and completed development projects in suburban Boston and Seattle totaling 809 units for approximately $232.2 million and $185.3 million, respectively. As of June 30, 2026, the portfolio comprised 312 properties with 85,520 units, and total debt to Normalized EBITDAre was 4.32x.
Equity Residential and AvalonBay Communities plan a stock-for-stock merger of equals. AvalonBay will first contribute certain assets to ERP Operating Partnership for OP Units, then merge into an Equity Residential subsidiary, which will remain a wholly owned unit of Equity Residential.
Each outstanding share of AvalonBay common stock will be converted into 2.793 Equity Residential common shares, with cash paid in lieu of fractional shares. Based on recent Equity Residential prices, this implied about $185.12–$190.79 of Equity Residential stock per AvalonBay share. The exchange ratio is fixed, so value will move with Equity Residential’s share price until closing.
After completion, former AvalonBay holders are expected to own about 51% of the combined company and existing Equity Residential shareholders about 49%. Both boards unanimously approved the merger and related share issuance and recommend voting in favor of their respective proposals at virtual special meetings on August 12, 2026. The parties intend the merger to qualify as a tax-free reorganization for most U.S. holders, aside from cash for fractional shares. A $2.0 billion bridge facility is committed to help manage combined indebtedness of roughly $8.34 billion at Equity Residential and $9.36 billion at AvalonBay.
Equity Residential filed an amendment to a Form S-4 registering Equity Residential common shares to be issued in connection with a proposed merger with AvalonBay Communities, Inc.
Under the merger agreement dated May 20, 2026, each outstanding share of AvalonBay common stock will be converted into 2.793 Equity Residential common shares (plus cash in lieu of fractional shares). Based on Equity Residential’s closing price of $68.31 on July 8, 2026, the implied merger consideration was $190.79 per AvalonBay share. Equity Residential shareholders are asked to approve issuance- and charter-related proposals at a virtual special meeting scheduled for August 12, 2026. The parties expect the merger to close in the second half of 2026, subject to customary conditions and shareholder approvals.
Equity Residential and AvalonBay have agreed to combine in a merger of equals. Under the May 20, 2026 merger agreement, each outstanding share of AvalonBay common stock will be converted into the right to receive 2.793 Equity Residential common shares, plus cash in lieu of fractional shares. The exchange ratio is fixed and the implied dollar value of the consideration will fluctuate with Equity Residential's share price; based on the May 20, 2026 closing price of $66.28, the ratio equated to $185.12 per AvalonBay share. The transaction contemplates an asset contribution by AvalonBay to ERP Operating Partnership prior to the merger, formation of a combined board of fourteen trustees, dual headquarters in Chicago and Arlington, and expected closing in the second half of 2026, subject to shareholder approvals and customary conditions. Financing commitments include a Bridge Facility commitment of $2.0 billion. The joint proxy statement/prospectus forms part of a Form S-4 registration statement and shareholders of both companies will vote at virtual special meetings.
STERRETT STEPHEN E reported acquisition or exercise transactions in this Form 4 filing.
Equity Residential director Stephen E. Sterrett reported a grant of 3,276 restricted common shares of beneficial interest at no cost. These shares were granted for prospective service from the 2026 Annual Meeting of Shareholders and are scheduled to vest on June 18, 2027.
Following this grant, Sterrett directly holds 24,551 common shares of Equity Residential, including restricted shares scheduled to vest in the future. Separately, 23,401 shares are owned by Principal Trust Company as Trustee of the Equity Residential Supplemental Executive Retirement Plan for his benefit and are reported as indirect holdings. The filing reflects routine equity compensation and retirement plan positions, with no open-market purchases or sales.
Equity Residential director Mark S. Shapiro received a grant of 3,561 Restricted Units (RUs) on June 18, 2026 as part of the company’s annual long-term compensation program. These RUs automatically convert into OP Units when a tax-related capital account target is reached.
Subject to vesting and other conditions, OP Units are exchangeable at the company’s option for either an equal number of Equity Residential common shares or the cash value of those shares. The 3,561 RUs are scheduled to vest on June 18, 2027 and are subject to a holding restriction until June 18, 2028.
Equity Residential director David J. Neithercut, Chairman of the Board, reported receiving two grants of non-qualified stock options. Each grant covers rights to buy common shares of beneficial interest at an exercise price of $64.09 per share, with options for 23,281 and 27,716 underlying shares. Both option grants were awarded at no cost per option and are intended as compensation for prospective service from the 2026 Annual Meeting of Shareholders. The options become exercisable starting on June 18, 2027 and are scheduled to expire on June 18, 2036.
Jones Nina P reported acquisition or exercise transactions in this Form 4 filing.
Equity Residential director Nina P. Jones received a grant of 3,276 common shares of beneficial interest as a restricted share award. The award is for prospective service from the 2026 Annual Meeting of Shareholders and is scheduled to vest on June 18, 2027.
After this grant, Jones directly holds 7,182 common shares, including restricted shares that are scheduled to vest in the future. She also has an additional 3,095 shares held indirectly in a SERP Account, where shares are owned by Principal Trust Company as trustee for her benefit.