NYSE:EQR

Equity Residential Reports First Quarter 2024 Results

Retrieved on: 
Tuesday, April 23, 2024
Residential Building & Real Estate, Construction & Property, REIT, FFO, Sale, Equity, NOI, Growth, EPS, Online shopping

Same store revenue increased 4.1% for the first quarter of 2024 compared to the first quarter of 2023, driven by healthy demand and modest supply across most of our markets.

Key Points: 
  • Same store revenue increased 4.1% for the first quarter of 2024 compared to the first quarter of 2023, driven by healthy demand and modest supply across most of our markets.
  • The Company's continued focus on expense efficiency has delivered a five-year compounded annual growth rate of same store expenses of 3.1%.
  • During the first quarter of 2024, the Company repurchased and retired 652,452 of its common shares, at a weighted average purchase price of $58.95 per share, for an aggregate purchased amount of approximately $38.5 million.
  • “Our operating business performed very well this quarter positioning us favorably as we enter our primary leasing season,” said Mark J. Parrell, Equity Residential’s President and CEO.

Equity Residential Announces First Quarter 2024 Earnings Release Date

Retrieved on: 
Tuesday, April 2, 2024
Residential Building & Real Estate, Construction & Property, REIT, EQR

Equity Residential (NYSE: EQR) today announced that the Company will release its first quarter 2024 operating results on Tuesday, April 23, 2024 after the close of market and host a conference call to discuss those results on Wednesday, April 24, 2024 at 10:00 a.m. Central.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced that the Company will release its first quarter 2024 operating results on Tuesday, April 23, 2024 after the close of market and host a conference call to discuss those results on Wednesday, April 24, 2024 at 10:00 a.m. Central.
  • The conference call will be available via web cast on the Investor section of www.equityapartments.com .

Equity Residential Appoints Ann C. Hoff and Nina P. Jones to Board of Trustees

Retrieved on: 
Tuesday, March 19, 2024
REIT, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Urban Planning, Simon Property Group, Equity Residential, Organization, Audit, Business, Trustee, Reno 1868 FC, University, Audit committee, T. Rowe Price, SPG, Park MGM, MGM, Marketing, Restaurant, EQR, MGM Resorts International

Equity Residential (NYSE: EQR) today announced the appointment of Ann C. Hoff and Nina P. Jones to the Company’s Board of Trustees to serve until the next annual meeting of shareholders.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced the appointment of Ann C. Hoff and Nina P. Jones to the Company’s Board of Trustees to serve until the next annual meeting of shareholders.
  • Both Ms. Hoff and Ms. Jones qualify as independent trustees under the New York Stock Exchange’s listing standards.
  • Ms. Hoff will serve on the Audit Committee and Ms. Jones will serve on both the Audit and Corporate Governance Committees.
  • Ferguson Partners, a firm specializing in Board and executive recruitment in the REIT industry, advised Equity Residential in recruiting Ms. Hoff for this Board role.

Equity Residential Declares First Quarter Dividends

Retrieved on: 
Thursday, March 14, 2024
Residential Building & Real Estate, Construction & Property, REIT, Trustee, Annual general meeting, EQR, Holding company

Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company’s common and preferred shares.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company’s common and preferred shares.
  • A regular common share dividend for the first quarter of $0.675 per share will be paid on April 12, 2024 to shareholders of record on March 25, 2024.
  • The annualized dividend of $2.70 per share is a 2% increase over the Company’s 2023 common share dividend.
  • “We are focused on creating long-term value for our shareholders and are pleased to increase our annual dividend as an important component of that value creation,” said Mark J. Parrell, Equity Residential’s President and CEO.

Equity Residential to Participate in 2024 Citi Global Property CEO Conference

Retrieved on: 
Thursday, February 29, 2024
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, EQR, Conference

Equity Residential (NYSE: EQR) today announced that members of the Company’s senior management team, including the Company’s President and CEO, Mark J. Parrell, will participate in a roundtable presentation at the 2024 Citi Global Property CEO Conference on Monday, March 4 at 2:10 p.m.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced that members of the Company’s senior management team, including the Company’s President and CEO, Mark J. Parrell, will participate in a roundtable presentation at the 2024 Citi Global Property CEO Conference on Monday, March 4 at 2:10 p.m.
  • The event will be web cast live.
  • A link to the web cast will be available in the Presentations section of the Investor section of the Company’s website at www.equityapartments.com .
  • The Company has posted an updated Investor Presentation in connection with these meetings, which is also available in the Investor section of the Company’s website.

Equity Residential Reports Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, January 30, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, EPS, Sale, Estate, Trustee, Normalization, FFO, Capital expenditure, Share repurchase, Video game

The Company did not acquire any operating properties during the fourth quarter of 2023.

Key Points: 
  • The Company did not acquire any operating properties during the fourth quarter of 2023.
  • The average age of the properties sold in the fourth quarter of 2023 was approximately 40 years.
  • The average age of the properties sold subsequent to the end of the fourth quarter of 2023 was approximately 41 years.
  • During the fourth quarter of 2023, the Company repurchased and retired 864,386 of its common shares, at a weighted average purchase price of $56.79 per share, for an aggregate purchased amount of approximately $49.1 million.

Equity Residential Reports 2023 Dividend Income Tax Treatment

Retrieved on: 
Wednesday, January 17, 2024
Residential Building & Real Estate, Construction & Property, REIT, Internal Revenue Code, Equity Residential, Capital gain, Equity, Earthworks (engineering)

(1) - These amounts are a subset of the amounts in Box 1a.

Key Points: 
  • (1) - These amounts are a subset of the amounts in Box 1a.
  • (2) - These amounts are a subset of the amounts in Box 2a.
  • §1.1061-6(c), Equity Residential is disclosing below two additional amounts for purposes of Section 1061 of the Internal Revenue Code.
  • The amount of Box 2a Capital Gains not included in the two additional amounts below are Section 1231 gains, which are not considered for purposes of Section 1061.

Equity Residential Announces Fourth Quarter 2023 Earnings Release Date

Retrieved on: 
Tuesday, January 9, 2024
Residential Building & Real Estate, Construction & Property, REIT, EQR

Equity Residential (NYSE: EQR) today announced that the Company will release its fourth quarter 2023 operating results on Tuesday, January 30, 2024 after the close of market and host a conference call to discuss those results on Wednesday, January 31, 2024 at 10:00 a.m. Central.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced that the Company will release its fourth quarter 2023 operating results on Tuesday, January 30, 2024 after the close of market and host a conference call to discuss those results on Wednesday, January 31, 2024 at 10:00 a.m. Central.
  • The conference call will be available via web cast on the Investor section of www.equityapartments.com .

Equity Residential Declares Fourth Quarter Dividends

Retrieved on: 
Thursday, December 14, 2023
REIT, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Urban Planning, EQR, NYSE, Trustee, Holding company

Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company’s common and preferred shares.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company’s common and preferred shares.
  • A regular common share dividend for the fourth quarter of $0.6625 per share will be paid on January 12, 2024 to shareholders of record on January 2, 2024.
  • A quarterly dividend of $1.03625 per share will be paid on January 2, 2024 to shareholders of record on December 22, 2023 of the Company’s Series K Preferred Shares.

Equity Residential to Participate in Nareit Investor Conference

Retrieved on: 
Thursday, November 9, 2023
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, EQR, NYSE, Conference, Mapletree Investments, Cryptocurrency

Equity Residential (NYSE: EQR) today announced that members of the Company’s senior management team, including the Company’s President and CEO, Mark J. Parrell, will participate in meetings with investors and analysts at the Nareit REITworld 2023 Investor Conference.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced that members of the Company’s senior management team, including the Company’s President and CEO, Mark J. Parrell, will participate in meetings with investors and analysts at the Nareit REITworld 2023 Investor Conference.
  • In connection with these meetings, the Company has posted an updated Investor Presentation to the Investor section of the Company’s website at www.equityapartments.com .