Equity Residential's Stock Analysis

Equity Residential CEO to Speak at Bank of America Conference

Equity Residential announced that its President and CEO, Mark J. Parrell, will participate in a roundtable discussion at the Bank of America 2025 Global Real Estate Conference on September 10, 2025, at 2:45 PM CT. The event will be available for live streaming, with details accessible on the company's investor relations website.

The company is a member of the S&P 500 and focuses on the acquisition, development, and management of residential properties in major cities known for attracting affluent long-term renters. Equity Residential owns or has investments in 317 properties, totaling 85,936 apartment units, with a strong presence in cities such as Boston, New York, and San Francisco, among others.

Sep 08, 2025 16:28:40

Equity Residential Reports Operating Update and Revenue Growth Guidance

Equity Residential announced an operating update on September 2, 2025, indicating that same store revenue growth is on track within the company’s guidance range. They expect same store revenue growth of 2.6% to 3.2% and a Physical Occupancy rate of 96.4% for the full year of 2025. The company is concluding its primary leasing season with high Physical Occupancy and strong retention rates.

Additionally, Equity Residential reaffirmed its guidance for third quarter 2025 Blended Rate growth at 2.2% to 2.8%. The company owns or has investments in 317 properties with a total of 85,936 apartment units, primarily located in major U.S. cities. The update highlights the company’s focus on residential properties that attract affluent long-term renters.

Sep 02, 2025 16:19:32

Equity Residential Reports Second Quarter 2025 Financial Results

Equity Residential reported its financial results for the second quarter of 2025, highlighting a 2.7% increase in same-store revenues and a 2.3% rise in same-store Net Operating Income (NOI) compared to the same period in 2024. The company raised its guidance for same-store revenues and NOI, citing strong performance in the San Francisco market and resilience in East Coast markets. During this quarter, Equity Residential acquired eight properties in suburban Atlanta for approximately $533.8 million and sold a Seattle property for $121 million.

The company has updated its guidance for full-year 2025, reflecting adjustments in expected earnings per share (EPS) and funds from operations (FFO) due to various factors including property sale gains and depreciation expenses. The second quarter EPS was reported at $0.50, with guidance for the third quarter projected to be around $0.80, attributed to anticipated higher property sale gains. Equity Residential owns or has investments in 319 properties, primarily in major urban markets, and continues to focus on acquiring and managing residential properties.

Aug 04, 2025 16:23:12

Equity Residential Appoints New Independent Trustee Chris Carr

Equity Residential has appointed Chris Carr as a Trustee, increasing its Board of Trustees from 10 to 11 members. Mr. Carr, who qualifies as an independent trustee under New York Stock Exchange standards, will serve on the Audit Committee and the Corporate Governance Committee. His compensation includes an annual cash retainer of $90,000 and additional retainers totaling $30,000 for his committee roles, all prorated until the Company’s 2026 Annual Meeting of Shareholders. The Company will also enter into an Indemnification Agreement with him.

Mr. Carr, aged 61, has a background in operations and supply chain management, previously holding executive roles at Sweetgreen and Starbucks, and has experience with ExxonMobil. His appointment aligns with the Board's strategy of refreshing its membership while maintaining oversight capabilities. Over the last six years, the Company has added five new trustees, reducing the average tenure of independent trustees to 7.5 years, thereby enhancing the Board's expertise and perspectives.

Jul 24, 2025 16:18:12

Equity Residential Announces Executive Leadership Changes

Equity Residential has announced a transition in its executive management team, with Bob Garechana moving from Chief Financial Officer to Chief Investment Officer, effective immediately. Alec Brackenridge, the current Chief Investment Officer, will retire at the end of 2025 and will take on the role of Executive Vice President – Investments during the transition. Garechana has been with the company since 2004, while Brackenridge has been with Equity Residential since 1993.

Additionally, Bret McLeod will join Equity Residential as Chief Financial Officer on August 7, 2025. McLeod comes from Great Wolf Resorts and has extensive experience in corporate strategy and finance. His recruitment was supported by Ferguson Partners, a firm specializing in executive recruitment in the REIT industry. These changes are part of the company's succession management strategy as they continue to focus on their capital allocation and finance initiatives.

Jun 30, 2025 08:52:21

Equity Residential to Present at Nareit REITweek Conference

Equity Residential announced that its senior management team, including President and CEO Mark J. Parrell, will participate in a roundtable presentation at the Nareit REITweek 2025 Investor Conference on June 3 at 1:45 p.m. ET. The event will be broadcast live, and a link to the web cast will be available on the company's website in the Investor section.

The company has also posted an updated Investor Presentation that includes operational and transaction updates, accessible in the same section of its website. Equity Residential, a member of the S&P 500, focuses on the acquisition, development, and management of residential properties in affluent urban areas, owning or having investments in 312 properties with 84,648 apartment units across various cities.

May 28, 2025 08:33:22

Equity Residential Launches Sale of 13 Million Common Shares

Equity Residential has entered into a Distribution Agreement with various financial institutions to continue its existing program for the sale of up to 13 million common shares. This program allows the company to sell shares through 'at the market' offerings and other transactions, which includes forward sale agreements with designated Forward Purchasers. The shares involved were previously authorized for sale but were not sold under the company's earlier prospectus supplement, which has now expired.

The Distribution Agreement also allows the company to engage in forward sale agreements, where the Forward Purchasers will borrow shares and sell them on the company's behalf. The company will not receive proceeds from these sales initially but expects to settle these agreements in the future, potentially receiving cash or shares depending on the settlement method chosen. Additionally, the company has an automatic shelf registration statement in place and maintains a share repurchase program for up to 13 million common shares.

May 15, 2025 09:04:51

Equity Residential Reports Mixed First Quarter 2025 Results

Equity Residential announced its financial results for the first quarter of 2025, reporting earnings per share (EPS) of $0.67, down 13% from $0.77 in the same quarter of 2024. However, funds from operations (FFO) per share increased by 8% to $0.94 compared to $0.87 a year earlier. The company experienced a 2.2% rise in same store revenues, while same store expenses rose by 4.1%, leading to a 1.3% increase in same store net operating income (NOI). The company also recorded the lowest resident turnover in its history at 7.9% during this quarter. Additionally, it sold two properties for approximately $225.6 million during the quarter, contributing to its financial performance.

For the second quarter of 2025, Equity Residential provided guidance for EPS between $0.49 and $0.53, and FFO per share between $0.95 and $0.99. The anticipated decrease in EPS from the first quarter to the second quarter is attributed to lower expected property sale gains and depreciation expenses. The company maintains a diversified portfolio of 312 properties with 84,648 apartment units across various markets, including established and expansion areas, indicating its strategic focus on high-quality rental properties.

Apr 29, 2025 16:24:08

Equity Residential Announces 2025 Investor Day and Financial Metrics

Equity Residential will host an Investor Day on February 25, 2025, where management will present on portfolio optimization, operating strategies, and growth support from their balance sheet. The company highlights positive trends in multifamily demand and supply in its markets, indicating a strategic focus on innovation and operational excellence.

The company owns or has investments in 311 properties with 84,249 apartment units, primarily in major cities such as Boston and New York. However, the press release also mentions risks associated with market conditions, including job growth and construction costs, which could impact future performance.

Feb 25, 2025 08:07:00

Equity Residential Reports 34.1% EPS Increase in Q4 2024

Equity Residential reported a notable increase in earnings per share (EPS) for the fourth quarter of 2024, rising to $1.10, a 34.1% increase from $0.82 in the same quarter of 2023. The company also experienced a 3.0% rise in same store revenues for the full year, alongside a 3.1% increase in same store Net Operating Income (NOI). The Board of Trustees approved a 2.6% increase in the annual common share dividend to $2.77 per share, reflecting confidence in the company's business outlook. Additionally, the company was recognized for its sustainability efforts by being included in the Dow Jones Sustainability Indices and receiving the Residential Sector Leader award from Nareit.

However, the company faced a slight decline in Funds from Operations (FFO) per share, which decreased by 3.0% to $0.97 in Q4 2024 compared to $1.00 in the same quarter of 2023. The company also reported an increase in expenses, with same store expenses rising by 2.9% for the full year, which may impact profitability. Furthermore, the company has indicated some challenges ahead, including expected increases in interest expenses and corporate overhead, which could affect future performance metrics.

Feb 03, 2025 16:20:00