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.
Vivmark Residential (formerly Equity Residential) and its affiliate ERP Operating Limited Partnership completed the mergers with AvalonBay Communities on August 17, 2026. AvalonBay merged into Canopy Merger Sub LLC, which then merged into ERP Operating Partnership, leaving ERP Operating Partnership as the surviving operating entity.
In connection with closing, ERP Operating Partnership, through Supplemental Indentures, assumed AvalonBay’s obligations under multiple note indentures, covering unsecured notes with maturities from 2026 through 2048 and aggregate principal amounts ranging from $300 million to $700 million per series. ERP Operating Partnership also became borrower under AvalonBay’s $2.5 billion senior unsecured revolving credit facility maturing April 3, 2030 and its $550 million senior unsecured term loan facility maturing April 3, 2029, while its own existing $2.5 billion revolving facility remains in place.
As of August 17, 2026, $1.205 billion was outstanding under the new revolving facility and the full $550 million principal amount was outstanding under the new term loan. Pricing on these facilities is tied to ERP Operating Partnership’s long-term debt credit ratings.
Vivmark Residential, formerly Equity Residential, completed its merger of equals with AvalonBay Communities on August 17, 2026, issuing approximately 400 million Vivmark common shares. Each AvalonBay share was converted into 2.793 Vivmark common shares, plus cash in lieu of fractional shares.
The combined company operates more than 184,000 rental apartments and about 11,100 apartments under construction, with an equity market capitalization of approximately $51 billion and enterprise value of approximately $70 billion. Former AvalonBay stockholders own about 51% and former Equity Residential shareholders about 49% of Vivmark on a fully diluted basis.
The board was reconstituted to 14 trustees, evenly split between legacy AvalonBay and Equity Residential trustees, with Stephen Sterrett as Chairman and Benjamin Schall as CEO. Vivmark expects to pay an initial annualized dividend of $2.81 per share and cites dual A3/A- credit ratings and self-funding capacity of more than $2 billion per year.
Equity Residential (EQR) reports a planned sale of 7,825 shares of common stock held at Fidelity Brokerage Services LLC, with an aggregate market value of $503,225.75 and CUSIP 374944409, with an intended sale date of 08/17/2026 on the NYSE.
The shares to be sold were acquired as equity compensation through restricted stock vesting on several dates: 938 shares on 02/12/2021, 485 shares on 02/03/2022, 1,913 shares on 02/13/2023, 2,133 shares on 02/01/2024, and 2,356 shares on 02/05/2025.
Equity Residential reports that its shareholders have approved key proposals related to the planned merger of equals with AvalonBay Communities under a previously signed merger agreement. At the July 9, 2026 record date, there were 374,937,101 Equity Residential common shares outstanding, each entitled to one vote, and 337,552,586 shares were represented at the August 12, 2026 special meeting, about 90% of shares outstanding, constituting a quorum.
Shareholders approved issuing new Equity Residential common shares under the merger agreement, with 336,038,504 votes for, 1,024,329 against, and 489,753 abstaining. They also approved an amendment to increase authorized common shares and an adjournment proposal by large margins. A joint press release states that more than 99% of votes cast at both companies’ meetings supported the merger-related proposals and that the merger is expected to close on August 17, 2026, subject to customary conditions. Each AvalonBay share would convert into the right to receive 2.793 Equity Residential common shares, and the combined company is expected to be renamed Vivmark Residential, with shares trading on the NYSE under ticker “VMRK.”
Equity Residential, through its operating partnership ERP Operating Limited Partnership, agreed on August 4, 2026 to issue senior unsecured notes in a public offering. The company will issue $600,000,000 aggregate principal amount of 4.950% Notes due October 1, 2031 and $400,000,000 aggregate principal amount of 5.450% Notes due October 1, 2036.
The notes will be sold under a Terms Agreement with underwriters led by Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC. The notes will be issued pursuant to an existing Indenture dated October 1, 1994, as supplemented through a Fifth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. as Trustee.
VIVMARK RESIDENTIAL (VMRK), structured as an umbrella partnership REIT, reports combined results with its operating partnership for the six months ended June 30, 2026. The REIT owns about 97.6% of the operating partnership, which holds substantially all assets and incurs all debt. Rental income rose slightly to $1.565 billion from $1.530 billion, but net income fell to $210.8 million from $463.6 million, largely reflecting a swing from a large prior-year gain on property sales to a modest loss in 2026.
Operating cash flow remained strong at $702.4 million, though down from $785.1 million a year earlier. Vivmark continued to invest in and recycle its portfolio, spending about $201 million on development and capital expenditures and receiving $153.2 million from property dispositions. The company returned substantial capital via $525.1 million of common distributions and about $219.4 million of share repurchases, while total assets were $20.3 billion and total debt (mortgage notes, notes, and credit/commercial paper) was about $8.3 billion as of June 30, 2026.
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.