CHICAGO--(BUSINESS WIRE)--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. With these appointments, the Company’s Board will increase to ...

Equity Residential EQR has announced a 1.9% hike in its annualized dividend. As a result, for the first quarter of 2024, EQR will pay out 67.50 cents per share, up from 66.25 cents paid out in the prior quarter. The new dividend will be paid out on Apr 12 to the company’s shareholders of record as of Mar 25, 2024.Based on the hiked rate, the annualized dividend comes at $2.70 per share. At this new rate, the annualized yield is 4.33%, based on the stock’s closing price of $62.37 on Mar 14, 2024.The resident ...

Hedge funds are piling into real estate stocks. Case in point: Bally’s (NYSE:BALY), the company behind Chicago’s upcoming casino, saw its stock price surge over 28% this month after a buyout offer from its largest shareholder, hedge fund Standard General.Meanwhile, according to a note from Goldman Sachs, hedge funds have increased their long positions (bets that prices will rise) on U.S. real estate investment stocks for the sixth straight week.The renewed interest in real estate stocks comes as valuations ...

Popartic/iStock via Getty Images Equity Residential (NYSE:EQR) is a Real Estate Investment Trust focused on owning and operating multifamily apartment communities across the United States. Equity Residential owns or has investments in 302 properties consisting of 80,191 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco, and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth, and Austin. As of March 7, 2024, EQR is tra ...

The real estate landscape is synonymous with fluctuating trends and market sway, yet one sector stands out for its resilience—apartment real estate investment trusts (REITs). Despite the ebb and flow of the rental market, one particular player has managed to navigate through the challenges and emerge as a beacon of stability and growth.Navigating the rental market landscapeWhat are apartment REITs?Apartment real estate investment trusts (REITs) are companies that own, operate, or finance residential rental ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12252 (Equity Residential) Commission File Number: 0-24920 (ERP Operating Limited Partnership) EQUITY RESIDENTIAL ERP OPERATING ...

d3sign/Moment via Getty Images Apartment REIT and S&P 500 component, Equity Residential (NYSE:EQR), recently reported better than expected results for its Q4 reporting period ended December 31. The stock, however, has trended downwards in the last five days, down nearly 5%. The declines mirror weakness elsewhere in the REIT sector. Last Friday, the broader sector of REITs ended their third straight week in the negative. Driving the continued weakness is a prevailing belief that interest rates will stay high ...

Equity Residential (NYSE:EQR) Q4 2023 Earnings Conference Call January 31, 2024 11:00 AM ET Company Participants Marty McKenna - Investor Relations and Public Relations Mark J. Parrell - President and Chief Executive Officer Robert A. Garechana - Executive Vice President and Chief Financial Officer Alexander Brackenridge - Executive Vice President and Chief Investment Officer Michael L. Manelis - Executive Vice President and Chief Operating Officer Conference Call Participants Steve Sakwa - Evercore Eric Wo ...

For the quarter ended December 2023, Equity Residential (EQR) reported revenue of $727.5 million, up 4% over the same period last year. EPS came in at $1.00, compared to $0.42 in the year-ago quarter.The reported revenue represents a surprise of -0.01% over the Zacks Consensus Estimate of $727.55 million. With the consensus EPS estimate being $1.00, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

Equity Residential (EQR) is slated to report fourth-quarter and full-year 2023 results after the closing bell on Jan 30. The company’s quarterly results are likely to reflect growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this Chicago, IL-based residential real estate investment trust’s (REIT) normalized FFO per share of 96 cents narrowly missed the Zacks Consensus Estimate of 97 cents. Rental income lagged the consensus mark, and results reflected a weak performa ...